Central Okanagan / Kelowna Real Estate Market Statistics Snapshot: April 2024Central Okanagan / Kelowna Real Estate Market Report: April 2024

Discover the latest insights into the Central Okanagan / Kelowna real estate scene with our April 2024 Market Report. Get a comprehensive overview of the market trends for single-family homes, townhomes, and condos:

Single-Family Homes:

  • Sales dipped by 3% in April 2024 compared to April 2023, with 189 homes sold, down from 194.
  • New listings surged by 40%, hitting 548 in April 2024, up from 394 in April 2023.
  • The average price showed a 4% decrease to $1,026,478 in April 2024, compared to $1,068,239 in April 2023.
  • Average days on market (DOM) decreased by 12% to 46 days in April 2024, down from 52 days in April 2023.

Townhomes:

  • Sales rose by 13% in April 2024 compared to April 2023, with 71 townhomes sold, up from 63.
  • New townhome listings increased by 19% year-over-year, reaching 152 in April 2024 compared to 128 in April 2023.
  • The average price climbed by 4% to $717,629 in April 2024, from $692,140 in April 2023.
  • Average DOM for townhomes increased by 24% to 63 days in April 2024, up from 51 days in April 2023.

Condos:

  • Sales saw an 18% decrease, with 110 condos sold in April 2024, compared to 134 in April 2023.
  • New condo listings jumped by 30%, totaling 261 in April 2024, up from 201 in April 2023.
  • The average condo price slightly increased by 4% to $511,379 in April 2024, from $491,197 in April 2023.
  • Average DOM for condos remained steady with 49 days in April 2024, matching April 2023.

For deeper insights and personalized guidance, connect with Jeff Creamer, your trusted Kelowna Realtor at Royal LePage Kelowna. Reach out 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