the kelowna rennie advance | January 2024

highlights • O n am onth-over-m onth basis,theCentralO kanagan saw adecreasein m edian sold pricesof1.1% (averaged acros hom etypes).D etached hom eand townhom em edian sold pricesdecreased in D ecem berversusN ovem berby6% and 4% respectivelywhilecondopricesincreased by6%. • O n ayear-over-yearbasis,m edian sold pricesw erelow erby 1.9% ,on average,acros types.In D ecem ber,them edian sold pricesfordetached hom esand townhom eswerehigherby2% and 1.6% respectivelycom pared tothatofD ecem ber2022,whilecondoswere9% lower. •

CENTRALOKANAGAN THERENNIEADVANCE median prices

DECEMBER 2023

$1,200,000

Central Okanagan

$1,000,000

$910,115

$800,000

$600,000

+ 2% vsD ec2022

$400,000

DETACHED median salesprice

$200,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0

● December

$1,000,000

Central Okanagan

$800,000

$600,000

$635,000

$400,000

+ 2% vsD ec2022

TOWNHOME median salesprice

$200,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0

● December

$600,000

Central Okanagan

$500,000

$400,000

$430,000

$300,000

- 9% vsD ec2022

$200,000

CONDO median salesprice

$100,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0

● December

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