Market Update February 18 2024

Housing Update for the Week Ending February 18, 2024

Last week saw Kelowna Realtors generate 33 residential sales ranging in price from a low of $635,000 up to a high of $1,735,000. The average sale price dipped below $1 million for the first time in a while to $990,000 and the median sale price was $854,000.

Year to date there have been 165 residential sales compared to 161 at this point in the calendar last year. Let’s call this a wash. Prices are a little softer so far this year with the average being $1,036,000 this year compared to $1,103,000. This represents a 6% drop in prices over the first seven weeks of the year.

There are 1,118 homes for sale in Kelowna. We will get a clearer idea after the first quarter where prices are headed and same for individual unit sales. Early on it looks like there will be more sales this year but the jury is still out regarding prices.

Exploring Kelowna, BC in February: A Winter Wonderland Guide

Nestled in the heart of British Columbia's Okanagan Valley, Kelowna offers a unique blend of scenic landscapes, vibrant culture, and outdoor activities, making it a must-visit destination during winter. February in Kelowna is when the city is wrapped in a cozy blanket of snow, offering visitors a chance to experience its winter charm. Whether you're an adventure seeker, a food and wine enthusiast, or simply looking to relax and enjoy the stunning views, Kelowna in February has something special for everyone.

Hit the Slopes at Big White Ski Resort

Just a short drive from Kelowna, Big White Ski Resort is a paradise for snow enthusiasts. Its champagne powder snow, diverse terrain, and stunning alpine scenery makes it the perfect place for skiing, snowboarding, and snowshoeing. Whether you're a beginner or an expert, you'll find trails that suit your skill level. And for those who seek thrills, the resort offers snowmobiling and ice-climbing adventures.

Explore the Winter Wine Trail

Kelowna's renowned wine country is more than just a summer destination. Many wineries remain open throughout the winter, offering a cozy and intimate wine-tasting experience. Embark on a self-guided tour or join a guided wine tour to explore the Winter Wine Trail. Savour the rich flavours of local wines, learn about winemaking in the cold season and enjoy the stunning snow-covered vineyard landscapes.

Take a Stroll Through the Kelowna Cultural District

Kelowna's Cultural District is a hub of creativity and history. Spend a day exploring art galleries, museums, and theatres. The Kelowna Art Gallery and the BC Wine Museum & VQA Wine Shop are must-visits. The district also boasts a variety of shops and restaurants where you can warm up with a hot drink or a delicious meal.

Enjoy Outdoor Activities at Knox Mountain Park

For those who love the outdoors, Knox Mountain Park offers breathtaking views of Kelowna and Okanagan Lake. Winter hiking or snowshoeing to the top provides a tranquil experience with panoramic views that are well worth the effort. Remember to dress warmly and bring your camera to capture the stunning scenery.

Relax at a Kelowna Spa

After a day of adventure and exploration, there's no better way to unwind than by visiting one of Kelowna's luxurious spas. Treat yourself to a massage, facial, or a dip in a heated outdoor pool. It's the perfect way to relax and rejuvenate during your winter getaway.

Attend the Kelowna Winter Festival

Check the local calendar for any winter festivals happening in February. These festivals often feature live music, local food and drink, winter sports, and family-friendly activities. It's a great way to experience Kelowna's community spirit and enjoy the winter season.

Experience Ice Fishing on Okanagan Lake

For a truly unique winter experience, try ice fishing on Okanagan Lake. Guided tours provide all the equipment and expertise you need to catch fish through the ice. It's a peaceful and rewarding way to spend a winter day outdoors.

Winter

In February, Kelowna is a winter wonderland that offers diverse activities for all interests. From snow-covered vineyards and ski slopes to cultural experiences and luxurious spas, this charming city has something to make your winter visit unforgettable. So pack your warmest clothes and get ready to explore all Kelowna has to offer in the heart of winter.

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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