south east kelowna DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 17.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2023
▲ 8% VS 2023
▲ 30% VS 2023
▲ 100% VS 2023
There were 69 detached listings in South East Kelowna in September, 7% below August and 30% higher than September 2023. September detached home sales decreased by 20% month-over-month, to 4, and were 100% above September 2023. The months of inventory for detached in South East Kelowna, at 17.3, re(ected a buyers' market.
THIS MONTH No. $1,286,250 $1,310,000 17.3 4 69
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,209,750 $1,209,750 26.5 2 53
-35% 100% 30%
$1,508,100 $1,210,000 14.8 5 74
-15% 8% 17% -20% -7%
The detached median price in September was $1,310,000, a 8% increase from August and 8% above September 2023.
The average sold price was $1,286,250, 15% below last month and up 6% to September 2023.
6% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
81
156
74
71
69
73
49
58
53
48
41
101
34
30
28
8
71
5
5
4
4
3
3
2
5
4
2
3
$1.75M
$1.25M $1.18M $1.16M
$1.26M $1.21M $1.31M
$1.21M
$1.18M $1.12M
$1.15M $1.05M
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
9.0
20
15
5.0
10
3.0
5
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
1 9 9.0
0 12 n/a
2 6 3.0
1 5 5.0
0 8 n/a
0 3 n/a
0 4 n/a
0 21 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. 40 ●
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