west kelowna TOWNHOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 7.6 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 13% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2023
▲ 22% VS 2023
▼ 3% VS 2023
▼ 43% VS 2023
There were 61 townhome listings in West Kelowna in March, 24% above February and 22% higher than March 2023. March townhome sales increased by 100% month-over-month, to 8, and were 43% below March 2023. The months of inventory for townhomes in West Kelowna, at 7.6, reflected a balanced market. The townhome median price in March was $742,000, a 9% decrease from February and 6% above March 2023. The average sold price was $704,413, 12% below last month; the average PSF sale price was $361, down 0.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$361 $704,413 $742,000 7.6 8 61
14 50
-13% -3% 6% 114% -43% 22%
$362 $797,625 $815,750 12.3 4 49
-0.2% -12% -9% -38% 100% 24%
$417 $729,850 $697,500 357%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
72
36
36
63
61
61
59
33
57
64
62
53
50
49
45
41
24
21
12
14
9
8
16
4
4
4
8
10
7
$850K
$816K
$788K
$742K
$723K
$709K
$698K
$687K
$680K
$663K
$659K
$643K
$572K
Mar-23
Feb-24
Mar-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
25
2
16.0
4+ bdrms
11
20
13.0
3
15
3 bdrms
32
10
6.0
3
2 bdrms
18
5
0.5
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 16 16.0 4 24 6.0 1 13 13.0 0 3 n/a 0 1 n/a 0 3 n/a 2 1 0.5
Copyright © April 8, 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 April 8, 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. 15 ●
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