Central Okanagan / Kelowna Real Estate Market Report: June 2024
Stay informed on the latest real estate trends in Central Okanagan / Kelowna for June 2024. Here’s a detailed analysis of the market dynamics for single-family homes, townhomes, and condos:
Single-Family Homes:
- Sales: Sales decreased by 19% in June 2024 compared to June 2023, with 190 homes sold in June 2024, down from 234 in June 2023.
- New Listings: New listings fell by 2%, totaling 605 in June 2024, down from 617 in June 2023.
- Average Price: The average price dropped by 2% to $1,062,616 in June 2024, compared to $1,081,665 in June 2023.
- Days on Market (DOM): The average DOM increased by 16% to 51 days in June 2024, up from 44 days in June 2023.
Townhomes:
- Sales: Townhome sales declined by 27% in June 2024 compared to June 2023, with 58 townhomes sold in June 2024 versus 79 in June 2023.
- New Listings: New townhome listings rose by 27% year-over-year, reaching 172 in June 2024 compared to 135 in June 2023.
- Average Price: The average price of townhomes decreased by 5% to $701,298 in June 2024, down from $734,401 in June 2023.
- Days on Market (DOM): The average DOM for townhomes decreased by 12% to 44 days in June 2024, down from 50 days in June 2023.
Condos:
- Sales: Condo sales experienced a 31% decrease, with 98 condos sold in June 2024, down from 141 in June 2023.
- New Listings: New condo listings increased by 5%, totaling 273 in June 2024, up from 261 in June 2023.
- Average Price: The average condo price decreased by 8% to $452,513 in June 2024, down from $493,400 in June 2023.
- Days on Market (DOM): The average DOM for condos increased by 22% to 55 days in June 2024, up from 45 days in June 2023.
For more information, contact Jeff Creamer, your local Kelowna Realtor at Royal LePage Kelowna, at 250-575-7112 or via email at jeff@shopkelownahomes.com.
Check out Last Month's Central Okanagan / Kelowna Real Estate Market Statistics
Source: Association of Interior Realtors