city of west kelowna TOWNHOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 23.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.6% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2023
▲ 32% VS 2023
▼ 5% VS 2023
▼ 25% VS 2023
There were 70 townhome listings in the City of West Kelowna in September, 6% above August and 32% higher than September 2023. September townhome sales decreased by 63% month-over-month, to 3, and were 25% below September 2023. The months of inventory for townhomes in the City of West Kelowna, at 23.3, re)ected a buyers' market. The townhome median price in September was $673,000, a 11% decrease from August and 5% below September 2023. The average sold price was $671,000, 11% below last month; the average PSF sale price was $463, up 8% 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
$463 $671,000 $673,000 23.3 3 70
$460 $621,250 $708,750 13.3 4 53
0.6% 8% -5% 76% -25% 32%
$428 $756,188 $759,500 8.3 8 66
8% -11% -11% 183% -63% 6%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
70
81
69
68
68
59
66
53
56
45
47
47
43
39
53
8
8
8
8
6
6
4
4
4
4
7
7
3
29
$816K
$765K
$760K
$742K
$723K
$714K
$709K
$699K
$684K
$673K
$655K
$635K
$604K
Sep-23
Aug-24
Sep-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.
5.7
4+ bdrms
15
10
3
10
3 bdrms
31
5
2 bdrms
28
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 0 12 n/a 3 17 5.7 0 14 n/a 0 13 n/a 0 6 n/a 0 4 n/a 0 4 n/a
1
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. 12 ●
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