central okanagan DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 14.6 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▲ 30% VS 2023
▼ 4% VS 2023
▼ 4% VS 2023
There were 1,829 detached listings in the Central Okanagan in September, 1.3% above August and 30% higher than September 2023. September detached home sales decreased by 24% month-over-month, to 125, and were 4% below September 2023. The months of inventory for detached in the Central Okanagan, at 14.6, re*ected a buyers' market.
THIS MONTH No. $1,077,309 $960,000 14.6 125 1,829
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,124,138 $926,025 10.9 130 1,412
-4% 4% 35% -4% 30%
$1,072,311 $925,000 10.9 165 1,805
0.5% 4% 34% -24% 1.3%
The detached median price in September was $960,000, a 4% increase from August and 4% above September 2023.
The average sold price was $1,077,309, 0.5% above last month and down 4% to September 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
51
1,829
1,851
1,836
1,805
49
1,539
1,688
1,372
1,345
1,412
1,241
1,073
35
1,014
970
195
200
190
165
150
120
106
106
88
86
130
125
198
$990K
$993K
$988K
$964K
$968K
$964K
$953K
$960K
$947K
$926K
$925K
$925K
$880K
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
350
24+
24+
24+
24+
24+
300
18.9
250
200
11.1
150
9.0
8.8
7.6
100
50
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
6 54 9.0
21 160 7.6
40 351 8.8
29 321 11.1
15 284 18.9
6 169 28.2
4 154 38.5
2 131 65.5
1 78 78.0
1 126 126.0
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 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. 5 ●
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