Across the nation CREW lists data for 5207 neighbourhoods, and this month Kelowna is number 254 putting it ahead of most neighbourhoods .
The $608,950 price tag on the median Kelowna home means that it is quite highly priced by Canadian standards.
Investors looking for properties in Kelowna are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
This month we track 3rd neighbourhoods in British Columbia, and Kelowna has the 3rd most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Kelowna for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Last month, Kelowna was Canada’s 162th priciest – this month at number 162 it’s gained 8 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
In May the median listed house price of $299,900 in Kelowna was an above average compared to the rest of British Columbia.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 124 neighbourhoods that have more properties on sale than Kelowna at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Kelowna, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 360, this month we show 437.