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Home » Kelowna Real Estate Stats - Market Update - Here's What Happened in April 2024

Kelowna Real Estate Stats - Market Update - Here's What Happened in April 2024

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose

May 1, 2024

In this month's Market Report, experienced Kelowna Real Estate Pro, Darcy Nyrose, takes a look at what happened in the market in April 2024. BC's new legislation surrounding short-term rentals went into effect today, and we've already started to see some listings that were once short-term rentals hit the market. What do we expect to see over the next few months? Watch as Darcy takes a look at what happened in the Market in April and what we can expect to come.

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Kelowna Real Estate Market By The Numbers

Kelowna Condo Real Estate Market Stats - April 2024

We're starting to see an increase in condo inventory, with 723 active listings in April. This is up 55% over April 2023. With the new short-term-rental restrictions in place in our province, we are expecting to see additional condo inventory and sales throughout spring and summer.

Kelowna Townhome Real Estate Market Stats - April 2024

We're seeing increases all-around in the townhome category with more inventory and sales than March 2024 and April last year. In addition, prices have also increased.

Kelowna Single Family Home Real Estate Market Stats - April 2024

Single Family Home Inventory and Sales are up over this time last year, and last month. But that has not yet resulted in higher prices. The average sale price is down 2% over last month and this time last year.

 

If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today! 

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