city of west kelowna DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 13.4 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 17% VS 2023
▲ 10% VS 2023
▲ 24% VS 2023
▼ 6% VS 2023
There were 388 detached listings in the City of West Kelowna in September, no change to August and 24% higher than September 2023. September detached home sales decreased by 38% month-over-month, to 29, and were 6% below September 2023. The months of inventory for detached in the City of West Kelowna, at 13.4, re)ected a buyers' market.
THIS MONTH No. $1,020,183 $880,000 13.4 29 388
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$870,985 $799,999 10.1 31 313
17% 10% 33% -6% 24%
$1,052,039 $850,000 8.3 47 388
-3% 4% 62% -38% 0%
The detached median price in September was $880,000, a 4% increase from August and 10% above September 2023.
The average sold price was $1,020,183, 3% below last month and up 17% to September 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
53
428
415
388
49
344
388
384
293
313
269
288
38
230
205
205
61
60
47
45
36
31
27
25
21
18
31
29
52
$950K
$932K
$910K
$893K
$880K
$870K
$875K
$859K
$850K
$850K
$820K
$815K
$800K
Sep-23
Aug-24
Sep-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
19.0
60
14.0
12.4
40
8.4
6.7
20
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
1 14 14.0
7 47 6.7
10 84 8.4
7 87 12.4
2 54 27.0
0 27 n/a
1 30 30.0
1 19 19.0
0 10 n/a
0 16 n/a
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 October 9, 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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