Market update for December 2024
The Single Family Benchmark price in DEC moved up for the 2nd month in a row. Peak was APR 2022 at $1,131,800. The start of the pandemic, MAR 2020, was $667,700.
List price, home condition, neighbourhood and marketing all contribute to the final sale price. Units listed CM-TY 411 compared to CM-LY 385. Active listings (aka inventory) for DEC is 3,128.
Market update for November 2024
The Single Family Benchmark price in NOV popped back up over $1M this month to $1,013,400. So the drop below $1M last month to $983,300 was short-lived. Peak was APR 2022 at $1,131,800. The start of the pandemic, MAR 2020, was $667,700.
List price, home condition, neighbourhood and marketing all contribute to the final sale price. Units listed CM-TY 736 compared to CM-LY 760. Active listings (aka inventory) for NOV is 3,637.
Market update for October 2024
The Single Family Benchmark price in OCT moved down below $1M for the first time since March of this year to $983,300 from last month's $1,018,000. Peak was APR 2022 at $1,131,800. The start of the pandemic, MAR 2020, was $667,700.
List price, home condition, neighbourhood and marketing all contribute to the final sale price. Units listed CM-TY 934 compared to CM-LY 916. Active listings (aka inventory) for OCT is 3,927.
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PRICE REDUCED
307 - 2130 Vasile Road | Kelowna, BC | MLS® 10315762
Was $479,000 ---> Now $469,000.
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Jon Tober, REALTOR® - 778-214-4501
Team 3000 Realty Ltd.
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Market update for September 2024
The Single Family Benchmark price in SEP moved down ever so slightly to $1,018,000 from last month's $1,018,100. Peak was APR 2022 at $1,131,800. The start of the pandemic, MAR 2020, was $667,700. YTD sales are down over last year.
List price, home condition, neighbourhood and marketing all contribute to the final sale price. Units listed CM-TY 1,046 compared to CM-LY 1,075. Active listings (aka inventory) for SEP is 4,230.