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Four Season Playground
Kelowna is a four seasons paradise located in the heart of British Columbia’s Okanagan Valley. Approximately 120,000 people live here and it’s considered one of the most livable cities in Canada. Kelowna is made up of many different communities including Rutland, Southeast Kelowna, the Mission, Downtown, Glenmore, Dilworth Mountain and Black Mountain. We have two post-secondary institutions, UBC Okanagan and Okanagan College. There are several high schools including Kelowna Secondary School, Rutland Senior Secondary, Okanagan Mission, Kelowna Christian School and Immaculate Regional High School.
The city of a sophisticated bike route and people commute by bike all year including the winter months. Kelowna International Airport is one of the busiest in Canada.
The average sale price for a single family residential home in our city is $500,000 and $230,000 for a condominium apartment. Prices are more expensive the closer you get to the lake but being such small city, the lake is reasonably close for everyone. People can get across town to most places in less than 15 minutes giving Kelowna a small town feel.
Prices increased steadily from 2000 to 2008 before decreasing for three years. They have been on a steady upswing again fueled by out of town buyers from coastal BC and Alberta either retiring here of buying for investment.
Kelowna Housing Prices
There are homes listed for sale priced under $400,000 located around good schools, parks and shopping. First-time buyers are the engine for our market and the number of unit sales depends greatly on mortgage rates.
An average lakefront property sells for about $2,000,000 but prices vary depending which part of lake you prefer. Condominiums and townhouses are more popular than ever especially for those who are just entering the market or are downsizing from a large home. The advantages of a condominium are that you can live in a self contained unit practically anywhere in town for a reasonable price.
The good news about trying to pick a neighbourhood in Kelowna is that there isn’t a bad choice. Many people live all over town and there is a high level of satisfaction and community pride in every corner of this city.
For Real Estate In Kelowna call Andrew Smith 250-979-8066
Kelowna is far more affordable than in Vancouver or the Lower Mainland, for example, and there’s less traffic here! We have many beautiful neighbourhoods to choose from, from downtown to the spacious acreages of Joe Riche, and everything in between.