central okanagan TOWNHOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 11.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 28% VS 2023
▲ 14% VS 2023
▼ 4% VS 2023
▼ 0.2% VS 2023
There were 453 townhome listings in the Central Okanagan in September, 2% above August and 28% higher than September 2023. September townhome sales decreased by 25% month-over-month, to 40, and were 14% above September 2023. The months of inventory for townhomes in the Central Okanagan, at 11.3, re*ected a buyers' market. The townhome median price in September was $655,000, a 7% decrease from August and 0.2% below September 2023. The average sold price was $702,324, 1.0% below last month; the average PSF sale price was $449, up 4% 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
$449 $702,324 $655,000 11.3 40 453
$437 $734,874 $656,000 10.1 35 354
12% 14% 28%
$430 $709,608 $704,667 8.4 53 443
4% -1% -7% 35% -25% 2%
3% -4% -0.2%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
453
50
458
454
443
372
46
416
340
392
354
335
332
308
295
36
77
74
65
59
53
49
37
30
28
40
35
60
46
$715K
$718K
$700K
$705K
$705K
$679K
$670K
$676K
$662K
$656K
$660K
$660K
$655K
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.
100
24+
4
23.0
4+ bdrms
80
73
60
22
3 bdrms
228
12.0
40
10.5
7.8
13
6.3
2 bdrms
20
146
0
1
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 7 84 12.0 3 75 25.0 2 46 23.0 4 42 10.5 0 14 n/a 0 24 n/a 12 75 6.3 12 93 7.8
<2 bdrms
6
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. 6 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online