Real Estate Market Report for
Kelowna, BC

Updated : Aug 2016
House
  • Median price $649,900
  • Monthly growth 66.64 %
  • Quarterly trend
  • Stock on market 6.10%
Apartment
  • Median price $319,900
  • Monthly growth 23.99 %
  • Quarterly trend
  • Stock on market 2.60%
Kelowna Home Price

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Kelowna was Canada’s 207th most expensive suburb by listed median house price this month.

Kelowna, British Columbia has a median house price of $649,900 when compiling all the home listings in Aug .

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.

British Columbia has the third most amount of properties available to property investors, with Kelowna having 2nd most in the province, out of a total of 359.

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.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Kelowna there is more stock than three months ago. This would indicate pressure on prices easing.

When looking across the province, Kelowna is the 37th most expensive in British Columbia.

With Kelowna’s median house price at $319,900 in Aug , it is above average compared to the rest of British Columbia.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

Will prices rise across the next year in in Kelowna? There are a number of real estate indicators to consider.

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.

Beds Median price (House) Median price (Apartment)
1 bedroom $436,500 $223,500
2 bedrooms $395,000 $336,950
3 bedrooms $579,450 $425,000
4 bedrooms $795,000 $452,000
5 bedrooms $874,950 $519,000
6 bedrooms $829,500 $594,250
Demographics

Corresponding census subdivisions are provided for the following place names where data is not available.

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