the kelowna rennie advance | January 2024

highlights • Therewere289 new listingslastm onth,which wasa53% decreasecom pared with N ovem ber. Thiswasgreaterthan thetypicalN ovem ber-to-D ecem berdeclineof41%,though lastm onth’s new listingswerestil 2% abovethepast-decadeD ecem beraverage(of283).N ew listingswere also23% higherthan oneyearago. • O n am onth-over-m onth basis,new listingsforal hom etypeswerelower:detached listingswere down by54% (to131),townhom elistingsweredown by40% (to75),and condolistingswere down 60% (to83). • N ovem ber’snew listingswerehigherthan oneyearearlierfortownhom esand condosby88% and 32%,respectively,and werelowerfordetached hom esby0.8%.

CENTRALOKANAGAN THERENNIEADVANCE new listings

DECEMBER 2023

800

- 1% vsD ec2022

700

600

500

400

154 10 yrDecAvg

300

200

DETACHED new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 131

- 15% vs10yrD ecAvg

● December ﹍ 10 yrD ecem berAverage

+ 88% vsD ec2022

300

250

200

53 10 yrDecAvg

150

100

TOWNHOME new listings

50

75

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0

+ 42% vs10yrD ecAvg

● December ﹍ 10 yrD ecem berAverage

+ 32% vsD ec2022

300

250

200

77 10 yrDecAvg

150

100

CONDO new listings

83

50

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0

+ 8% vs10yrD ecAvg

● December ﹍ 10 yrD ecem berAverage

Copyright© January2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofJanuary2,2024.Aldatafrom As ociationof InteriorREALTORS® & Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientofthe inform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom a rennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

4

Made with FlippingBook - professional solution for displaying marketing and sales documents online