city of west kelowna DETACHED - JULY 2 0 2 4
MONTHS OF INVENTORY 7.2 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▲ 40% VS 2023
▼ 0.1% VS 2023
▼ 6% VS 2023
There were 416 detached listings in the City of West Kelowna in July, 3% below June and 40% higher than July 2023. July detached home sales decreased by 5% month-over-month, to 58, and were 6% below July 2023.
THIS MONTH No. $1,074,933 $898,500 7.2 58 416
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in the City of West Kelowna, at 7.2, reflected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,036,548 $899,500 4.8 62 298
4% -0.1% 49% -6% 40%
$1,156,429 $875,000 7.0 61 429
-7% 3% 2% -5% -3%
The detached median price in July was $898,500, a 3% increase from June and 0.1% below July 2023.
The average sold price was $1,074,933, 7% below last month and up 4% to July 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
416
429
345
40
385
314
294
298
270
292
289
231
29
206
206
61
45
62
36
33
31
31
58
27
25
21
18
52
$950K
$932K
$900K
$893K
$899K
$885K
$870K
$875K
$859K
$850K
$820K
$815K
$800K
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
24+
24+
80
60
40
9.0
6.8
6.5
20
4.5
3.3
3.1
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
0 1 n/a
3 10 3.3
15 47 3.1
19 86 4.5
13 85 6.5
1 77 77.0
4 27 6.8
0 26 n/a
1 28 28.0
0 11 n/a
2 18 9.0
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 August 6, 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. 11 ●
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