Welcome to the Peachland Real Estate Review for 2024. The market is one for the record books. It was a very poor year for sales in Peachland, so much, the worst in over 30 years. The sales from 2024 as compared to 2023 was  down 22.33% as they were 87 transactions. We certainly hit rock bottom, but should seen a much improved market next year. Review our market outlook for 2025 at the end of this report.  This report is for general information only, and while accurate from actual numbers from the MLS system, it should not be used for home evaluation. Many factors including lot size, lakeview, parking, modern design etc. determine value. Contact your local real estate agent for a evaluation report. One note to readers is McKay Grove, has in house sales, so not recorded on the MLS sales, but told 80% sold and a few units left. Past Sales.

2024	2023	2022	2021
87	112	170	269

Breakdown of Sales

Home under 700k	Homes 700k-1 Million	701k-1 Million
0	3	28
Over 1 Million	Homes with Acreage	Townhomes
18	4	19
Condo’s	Mobile	Recreation
1	8	3
Buildings Lots	Commercial	Other
2	0	1

Homes	Sales	Acreage	Sales	Condo’s	Sales	Townhomes	Sales
2024	52	2024	4	2024	1	2024	19
2023	63	2023	6	2023	8	2023	18
2022	86	2022	7	2022	1	2022	48
2021	141	2021	9	2021	11	2021	77

STRATA UNIT THAT SOLD IN PEACHLAND IN 2024

HOME SALES STRATA SALES

These number have to be taken with a notation as the Average Price in 2023 was $808,004 and $355.46 per square foot. with average size of 2403 square foot. Therefore homes sold for higher but less square footage. More homes sold below 1 million at the expense of the homes listed over 1 million.  We estimate homes went up by 5% from 700k- 1 million this last year. but down 11% from 2022.  With so few sales, and newer/lakeview homes factor into the equation.  In 2022 the square foot cost was $432.68. Very few buyers, so the ones that did purchased more modern upscale dwelling, resulting in the higher per square foot number. Less desirable properties remained on the market.

Acreage Property	Peachland
Average Size	2.87 acres
Average Days to Sell	132 days
Average Price	1,916,875
Price per Sq ft	677 psf
Trending Down	6%

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Townhomes-2024	Peachland
Average Size	1786.33
Average Days to Sell	98 days
Average Price	713,883.33
Price per Sq ft	399.63
Trending Up	4.17%

Condo Sales 2024	1 Unit Sold
Average Size	1748
Average Days to Sell	70
Average Price	$930,000
Price per Sq ft	532.03
Trending Up or Down	not enough date

	2024	2023	2022	2021
Home Sales	55,654,000	66,728,950	87,310,459	151,650,950
Strata	13,779,900	19,020,500	66,574,229	63,047,920
Recreation	594,000	1.725,000	544,000	1,750,000
Building-Dev Lots	2,181,000	934,000	17,587,439	27,526,900
Mobile Homes	1,698,000	1.173,000	909,000	633,000
Commercial	0	2,299,000	13,594,000	330,000

2024	73,906,900
2023	91,880,450
2022	186,519,987
2021	245,467,081
2000	116,105,578