west kelowna estates DETACHED - AUGUST 2 0 2 4
MONTHS OF INVENTORY 6.4 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 68% VS 2023
▲ 233% VS 2023
▼ 8% VS 2023
▼ 10% VS 2023
There were 64 detached listings in West Kelowna Estates in August, 4% below July and 68% higher than August 2023. August detached home sales increased by 150% month-over-month, to 10, and were 233% above August 2023. The months of inventory for detached in West Kelowna Estates, at 6.4, re(ected a balanced market.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
10 64
$1,181,633 $1,099,900 12.7 3 38
-8% -10% -49% 233% 68%
$991,125 $988,500 16.8 4 67
9% 0.1% -62% 150% -4%
The detached median price in August was $989,500, a 0.1% increase from July and 10% below August 2023.
$1,083,250 $989,500 6.4
The average sold price was $1,083,250, 9% above last month and down 8% to August 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
52
60
64
67
51
44
42
38
35
38
42
38
28
28
27
11
8
7
10
5
4
4
4
3
3
3
8
3
18
$1.22M
$1.10M
$989K
$990K
$945K
$953K
$910K
$904K
$905K
$895K
$850K
$835K
$805K
Aug-23
Jul-24
Aug-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
20
6.3
6.0
15
3.6
10
5
0
N/A
<$600K
$600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
MOI INVENTORY SALES
1 0 n/a
5 18 3.6
3 19 6.3
0 13 n/a
0 3 n/a
0 4 n/a
1 6 6.0
0 1 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 46 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online