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

Keep up with the latest trends in Central Okanagan / Kelowna real estate for January 2024. Here's a breakdown of the market statistics for single-family homes, townhomes, and condos:

Single-Family Homes:

  • Sales increased by 23% compared to January 2023, with 79 homes sold in January 2024, up from 64 in January 2023.
  • New listings rose by 3%, reaching 261 in January 2024 compared to 253 in January 2023.
  • The average price climbed by 8% to $1,020,297 in January 2024, from $949,293 in January 2023.
  • Average days on market (DOM) decreased by 8% to 76 days in January 2024, down from 83 days in January 2023.

Townhomes:

  • Sales dropped by 20% from January 2023, with 28 townhomes sold in January 2024, down from 35 in January 2023.
  • New townhome listings remained steady, with 89 in January 2024 compared to 90 in January 2023.
  • The average price decreased by 3% to $687,136 in January 2024, from $710,610 in January 2023.
  • Average DOM for townhomes increased by 39% to 72 days in January 2024, up from 52 days in January 2023.

Condos:

  • Sales increased by 10%, with 57 condos sold in January 2024, compared to 52 in January 2023.
  • New condo listings decreased by 9%, with 166 in January 2024, down from 183 in January 2023.
  • The average condo price rose by 10% to $517,264 in January 2024, from $470,173 in January 2023.
  • Average DOM for condos decreased by 8% to 60 days in January 2024, down from 65 days in January 2023.

For further 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

Stay up-to-date on the changing real estate market in Central Okanagan. For in-depth insights and personalized advice, connect with Jeff Creamer