Kelowna Real Estate Statistics
Property Types (active listings)
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About Kelowna Homes for Sale & Kelowna Houses for Sale
Planning to buy a house in Kelowna? Known for its hot summer season and temperate winters, the community of Kelowna, British Columbia offers something for everyone with diverse and unique neighbourhoods and a plentiful array of community events and outdoor recreational activities at your fingertips.
Kelowna’s diverse neighbourhoods have something for everyone looking to buy properties. From trendy, modern condos to detached homes with acreage and new construction developments, Kelowna homes for sale encompass a wide spectrum of buying options. For anyone seeking a quieter pace of life close to Kelowna's conveniences, Lake Country, West Kelowna, and Peachland are fantastic options.
Find your perfect Kelowna neighbourhood:
- Kelowna's top 10 neighborhoods
- Kelowna's 7 safest neighborhoods
- Kelowna's 7 best neighbourhoods for families
- 5 most walkable neighbourhoods in Kelowna
- Luxury neighborhoods with the best views
Average Kelowna Home Prices 2023 | Central Okanagan Real Estate Statistics
Here are the average benchmark prices of homes for sale in the Central Okanagan as of July 2023 (from The Association of Interior REALTORS®):
- Average condo: $502,793
- Average townhouse: $721,661
- Average home price (single-family): $1,103,313
- Average lot: $751,800
- Days to sell: 46
Kelowna Condos: Maintenance-Free Living at its Best
The condo market in Kelowna is perfect for young professionals. With reasonable pricing and convenient locations, Kelowna condos feature open-concept design, modern kitchens and baths, and luxury features such as electric fireplaces. These condos range in price but offer an affordable option for those entering the real estate market.
Brand new hise rise apartment buildings like One Water, The Ella, Water Street by the Park, MOVALA, and One Varsity (presales on now) offer high end amenities like swimming pools, fitness centres, coworking spaces, and outdoor lounges in the heart of Downtown Kelowna & the Pandosy Mission – close to sandy beaches, biking trails, shopping, cafes, restaurants, and nightlife.
Mid-range properties include townhomes and semi-detached properties that are perfect for young families or people looking to downsize. These properties also contain modern design features such as renovated bathrooms, open-concept living spaces, and more.
Kelowna Luxury Real Estate, British Columbia
For buyers looking to own a piece of luxury real estate, Kelowna, British Columbia is one of the best locations to search. Kelowna luxury real estate makes up a big part of the market in the area, including lakeshore estate homes, equestrian properties, secure gated communities, and penthouse condominium suites. Luxury homes in Kelowna feature panoramic city and lake views, vaulted ceilings, modern layouts, and numerous luxury features such as pools, wine cellars, entertainment rooms, and more.
Homes for sale in Kelowna also often come with acreage and beautiful landscaping that ensure privacy and comfort. Many Kelowna luxury properties are located minutes from the bustling downtown core of Kelowna, offering maximum convenience.
From luxurious new construction homes with the most up-to-date architectural features and pristine lake views to luxury properties built in the 1970’s and 1980’s that contain numerous upgrades and renovations, there is a luxury property in Kelowna for you.
Townhouses for Sale in Kelowna
If you're looking for a perfect blend of comfort, convenience, and community, Kelowna townhouse living might be the ideal choice for you.
Kelowna townhomes offer well-balanced living spaces that maximize functionality. You get the comfort of multiple levels, including bedrooms and living areas, without the vastness of a single-family home.
Many townhouse complexes are strategically located in Kelowna, offering you easy access to amenities, schools, parks, and public transportation routes, making commuting and daily errands a breeze. Shared amenities and outdoor spaces create new opportunities for social interaction and lead to a strong sense of community.
Land Assemblies: A Burgeoning 2023-2024 Kelowna Real Estate Trend
With rising single-family home prices making homeownership less attainable for many Canadians, land assemblies are now gaining momentum in Kelowna's real estate market. Land assemblies involve combining several single-family properties, rezoning them into multi-family, then building more affordable condo and townhome developments which optimize both land use and investor returns while meeting the City's objectives for increased housing density.
Land assemblies represent a unique opportunity for homeowners, developers, and real estate investors and are one of the best ways to produce valuable returns.
Interested in getting involved with land assemblies? AJ Hazzi, the founder of Vantage West Realty, recently launched Cash Offer Canada: a private limited partnership fund for accredited investors that finds the best local opportunities for redevelopment, then acquires them at a cash discount to produce significant returns.
Kelowna City Highlights
- Fun outdoor activities like hiking, biking, climbing, caving, horseback riding, and golf
- Beautiful parks and green spaces with incredible views like Myra Bellevue Provincial Park, Knox Mountain, Mission Creek Regional Park, and Kalamalka Lake Provincial Park near Vernon, BC
- Lake Okanagan, perfect for paddling, water skiing, fishing, kayaking, canoeing, and soaking up sun on its beautiful beaches
- Downtown Kelowna, BC is home to many premium shopping and dining destinations
- Visit award-winning local wineries or go on all day wine tours
- Music festivals, outdoor markets, craft breweries, and distilleries are also popular activities in the downtown area
- Although winter in the area is known to be temperate, there are many opportunities for winter activities such as snowshoeing, cross-country skiing, downhill skiing & snowboarding at Big White, and snowmobiling
- Numerous heritage sites, art galleries, museums, and theatre venues provide education and fun - great for those rare rainy days!
- Great elementary and secondary schools, private schools, and post-secondary schools like Okanagan College and UBC Okanagan
- Nearby cities to explore like Vernon, Penticton, Peachland, Lake Country and West Kelowna, BC
Whether you're looking for a great investment property, lavish luxury estate, or the perfect home for your golden years, let us make your Kelowna real estate search simple and stress-free! Contact us the Vantage West Real Estate Group online or give us a call at 250-717-3133 to get started.
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