Blog Articles

Kelowna Real Estate Update Feb 2025:One Market Segment Surges 9% in a Month!

Posted on Feb 07, 2025

Kelowna Real Estate Update:
One Market Segment Surges 9% in a Month!

The Kelowna real estate market has been relatively stable over the past year, with minor month-to-month fluctuations and steady year-over-year growth. However, January 2025 saw an unexpected shake-up, with one property category experiencing a nearly 9% price jump in just one month...

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Is the Kelowna Real Estate Market Bouncing Back? January 2025 Kelowna Real Estate Market Update

Posted on Jan 09, 2025



Is the Kelowna Real Estate Market Bouncing Back? January 2025 Kelowna Real Estate Market Update

The Kelowna real estate market had a sluggish year in 2024, with sales volumes dipping to levels not seen since the 1990s or the 2008 financial crisis. Yet, despite the challenges, home prices held strong—and even rose in certain segments. This begs the q...

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Is the Market Turning a Corner? | Kelowna Real Estate Market Update December 2024

Posted on Dec 09, 2024


Is the Kelowna Real Estate Market Turning a Corner?

If you've been waiting for the perfect moment to buy a home in Kelowna, that window of opportunity might be closing. With prices stabilizing—and in some cases rising—and sales surging by 31% year-over-year, the Kelowna real estate market appears to be shifting. Let’s break down what’s happening and...

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Home Prices Continue to SLIDE | Kelowna Real Estate Market Update November 2024

Posted on Nov 08, 2024


If you’ve been holding off on buying a home in anticipation of further price drops, now might be the moment you’ve been waiting for. In October, Kelowna’s home prices took another step down. Here’s a breakdown of what happened in the market, what it means for buyers, and where we might be headed.

Key Market Trends for October

  1. Home Prices:
    • Single-Famil...

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 Kelowna Home Prices Are DOWN 14% | Kelowna Real Estate Update October 2024

Posted on Oct 10, 2024


Kelowna Real Estate Update October 2024: What 14 Months of Inventory Means for Buyers and Sellers
Kelowna's real estate market is firmly in a buyer’s market. With 14 months of inventory available, this means that only 1 in every 14 properties listed is selling in a given month, leaving 13 out of 14 unsold. Naturally, this leads to a critical questio...

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Sales COLLAPSE! Is a Market Crash Next?  Kelowna Real Estate Market Update September 2024

Posted on Sep 10, 2024

  Kelowna Real Estate Market Update September 2024

Sales COLLAPSE! Is a Market Crash Next?


 Kelowna Real Estate Prices are down from this time last year, with single family home prices dropping over 5% year over year and condo prices down 4% during that time. 
Overall, prices are down significantly from the peaks we saw in the spring of 2022 and 2023 b...

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Tyrell Boake | REALTOR® | Kelowna & Okanagan Market Specialist