Kelowna Market Report February 2024 Eurobean Coffee Shop

Kelowna Market Report February 13 2024

We recorded 20 residential sales last week, bringing the annual total up to 132 for the calendar year. At this point last year we had sold 123 homes so we’re slightly ahead of last year’s pace.

The average residential sale price last week was 1,118,000.

Our real estate market generated another 17 apartment sales last week, bringing the annual total up to 83. This is exactly where we were at this point last year, so we’re just treading water on the condo side of the ledger.

There are about 1,050 residential homes for sale in our marketplace and an additional 531 apartment condos. Although I would like to see all of the above numbers higher than they are, they’re numbers we can all work with. Straight up, if a seller needs to sell in this real estate climate, they can simply price their home realistically. Buyers would like to see prices fall, but the realistic ones are looking at the same landscape and deciding that now might be as good as it’s going to get.

Kelowna BC Lifestyle

A Guide to Living Your Best Life in the Heart of the Okanagan

Kelowna, nestled in the heart of British Columbia's Okanagan Valley, is a vibrant city that offers a unique blend of urban sophistication and natural beauty. It's a place where every season brings a new adventure, where the community spirit is strong, and where the lifestyle is envied by many. The Kelowna lifestyle includes everything from its stunning landscapes and recreational activities to its thriving cultural scene and economic opportunities.

The Natural Beauty of Kelowna

Kelowna is a paradise for nature lovers. The city is famous for its sprawling vineyards, crystal-clear lakes, and scenic mountains. Okanagan Lake is the jewel in the crown, providing endless opportunities for water sports, relaxation, and breathtaking sunsets. The surrounding hills and trails call out to hikers and bikers, offering views that make every step worthwhile.

Climate and Weather Conditions

The climate in Kelowna is one of its most appealing features. With four distinct seasons, residents enjoy hot summers perfect for beach days and mild winters that bring the joy of skiing at nearby resorts. This balance of weather supports a lifestyle that's active year-round.

Outdoor Activities and Recreation

The great outdoors heavily influence Kelowna's lifestyle. The lakes are bustling in summer with boating, swimming, and paddleboarding. Winter transforms the landscape into a snowy playground, with world-class skiing and snowboarding just a short drive away. The city also boasts numerous golf courses, offering picturesque settings for all skill levels.

Kelowna's Culinary Scene

The culinary scene in Kelowna is as diverse as its landscape. The region's wineries are renowned worldwide, offering tours and tastings that highlight the local terroir. Farm-to-table dining is a way of life here, with restaurants serving up fresh, local ingredients in creative dishes that reflect the area's abundance.

Arts and Culture in Kelowna

Kelowna's cultural landscape is vibrant and diverse. Art galleries, museums, and theatres provide a creative outlet for both residents and visitors. The city's music and festival scene is lively, offering everything from intimate concerts to large-scale outdoor events that bring the community together.

Kelowna's Vibrant Community and Lifestyle

Living in Kelowna means being part of a close-knit community that values health, sustainability, and the arts. The city hosts numerous events throughout the year, fostering a sense of belonging and community spirit among its residents.

Education and Learning Opportunities

Education is a cornerstone of the Kelowna lifestyle, with several high-quality schools and post-secondary institutions, including the University of British Columbia's Okanagan campus. These institutions provide education and opportunities for research, innovation, and community engagement.

Business and Employment Prospects

Kelowna's economy is robust and diverse, with vital technology, tourism, and agriculture sectors. The city's entrepreneurial spirit is evident in its many startups and small businesses, making it an ideal place for professionals and entrepreneurs alike.

Healthcare and Wellness in Kelowna

The healthcare system in Kelowna is top-notch, with state-of-the-art facilities and a focus on community wellness. The city also offers numerous spas and wellness retreats, emphasizing the importance of health and relaxation in everyday life.

Real Estate and Living Options

The real estate market in Kelowna caters to a wide range of lifestyles, from downtown condos to lakeside homes. The variety of neighbourhoods ensures that everyone can find their perfect spot to call home.

Transportation and Accessibility

Getting around Kelowna is easy, thanks to a well-planned transportation network that includes public transit, cycling paths, and a regional airport that connects Kelowna to the world.

Kelowna for Families

Kelowna is an ideal place to raise a family, with numerous parks, recreational activities, and educational opportunities. The city values outdoor living and community engagement, making it a nurturing environment for children to grow and learn.

Technology and Innovation in Kelowna

As a growing tech hub, Kelowna is home to innovative companies and startups. The city supports this sector with resources and networking opportunities, driving economic growth and technological advancement.

Kelowna's Approach to Sustainability

Sustainability is a key part of the Kelowna lifestyle. The city is committed to environmental stewardship, with initiatives aimed at preserving its natural beauty for future generations.

The Social Scene and Nightlife

Kelowna's social scene is as varied as its residents. From cozy wine bars to vibrant nightclubs, there's something for everyone when the sun goes down.

Shopping and Local Businesses

Shopping in Kelowna supports local businesses and artisans. The city's markets and boutiques offer unique products and gifts, showcasing the talent and creativity of the Okanagan.

Living the Kelowna Lifestyle

Kelowna offers a lifestyle unmatched in its blend of natural beauty, recreational activities, cultural richness, and community spirit. It's a place where life is lived to the fullest, surrounded by stunning landscapes and supported by a vibrant community. Whether you're drawn to the outdoors, the arts, or the promise of a thriving career, Kelowna has something to offer everyone.

Andrew Smith
Royal Lepage Kelowna
Lifetime Award of Excellence
Toll Free 1-877-330-5884
Real estate photo
Kierra Smith,
Royal Lepage Kelowna
2x Olympian

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