Home prices stabilizing?
Continuing my analysis of about 5,000 residential sales from February 5 to August 1, 2025, in Central Okanagan, South Okanagan, North Okanagan, and Kamloops and District, this part examines month-over-month property type ratios and provides some recommendations.
Month-over-month property type ratios
The proportion of each property type’s sales per month (sales of a type divided by total monthly sales) reveals market trends. Below are the ratios (as percentages) from February to July 2025. The dataset categorizes about 5,000 sales into nine property types—single family - detached (SFDET), apartment (APARTM), manufactured home in park (MANHOMPARK), single family - detached with an acreage (SFDETACRE), townhouse (TOWNHO), duplex (DUPLEX), half-duplex (HALF), manufactured home on its own land (MANHOM) and fourplex (FOURPLEX).
February 2025 (706 sales):
◦ SFDET: 65.44% (462 sales, e.g., $2,949,000, McKinley Landing, 2,783 sq ft, 1980).
◦ APARTM: 20.11% (142 sales, e.g., $200,000, Kelowna South, 1,045 sq ft, 1986).
◦ MANHOMPARK: 7.22% (51 sales, e.g., $199,900, Armstrong/Spall, 924 sq ft, 1996).
◦ SFDETACRE: 4.39% (31 sales, e.g., $2,249,600, Adventure Bay, 3,970 sq ft, 2017).
◦ TOWNHO: 2.27% (16 sales, e.g., $1,550,000, Kelowna North, 1,637 sq ft, 2006).
◦ DUPLEX: 0.28% (2 sales), HALF: 0.14% (1 sale), MANHOM: 0.14% (1........
© Castanet
