south east kelowna DETACHED - JULY 2 0 2 4
MONTHS OF INVENTORY 9.1 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 43% VS 2023
▲ 14% VS 2023
▼ 3% VS 2023
▼ 2.0% VS 2023
There were 73 detached listings in South East Kelowna in July, 10% below June and 43% higher than July 2023.
July detached home sales increased by 167% month-over-month, to 8, and were 14% above July 2023.
THIS MONTH No. $1,501,925 $1,259,500 9.1 8 73
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in South East Kelowna, at 9.1, reflected a buyers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,545,714 $1,285,000 7.3 7 51
-3% -2% 25% 14% 43%
$1,155,667 $1,115,000 27.0 3 81
30% 13% -66% 167% -10%
The detached median price in July was $1,259,500, a 13% increase from June and 2.0% below July 2023.
The average sold price was $1,501,925, 30% above last month and down 3% to July 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
81
45
71
73
41
53
49
58
48
51
52
41
34
30
28
24
5
4
4
3
3
3
8
7
2
2
5
3
$1.75M
$1.29M $1.18M $1.21M
$1.25M $1.18M $1.16M
$1.26M
$1.18M $1.12M
$1.15M $1.05M
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
20
19.0
18.0
15
11.0
10
9.0
5
2.0
1.0
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 3 1.0
1 18 18.0
1 11 11.0
1 2 2.0
1 9 9.0
0 7 n/a
0 3 n/a
1 19 19.0
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. 40 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online