House Prices in 2021 for Kelowna's Real Estate Market

How much have house prices increased so far in Kelowna Real Estate Market 2021? Home prices have increased in Kelowna's real estate market over the last few months. Where do the average home prices stand so far for 2021 and how have they changed from past years?

The graphic above goes over each area where the average house prices are at so far for 2021. But looking back at the previous 2 years and comparing to where we are at now Kelowna's real estate market has seen some significant house price changes. Take a look at the chart below and see how your area has changed in price in the last few months. The 2-year average sale prices include up until April of 2021 so will be higher than if I just used to December 2020.

Sub Area Jan 2019 to April 2021 Jan 2021 to May 2021 Change

MCKY

McKinley Landing $1,240,334 $1,289,905 $49,571

CRFD -

Crawford Estates $1,184,202 $1,295,645 $111,443

WLD - Wilden $1,163,952 $1,476,059 $312,107

LCSW -

Lake Country South West $1,138,538 $1,436,299 $297,761

UM -

Upper Mission $1,120,120 $1,353,670 $233,550

KTVY -

Kettle Valley $1,080,211 $1,269,997 $189,786

WSR - Westside Road $1,075,715 $1,515,218 $439,503

LM - Lower Mission $1,069,527 $1,184,753 $115,226

LCNW -

Lake Country North West $1,061,308 $1,171,255 $109,947

SE - South East Kelowna $1,042,291 $1,408,829 $366,534

LH - Lakeview Heights $1,013,066 $1,312,302 $299,236

BW - Big White $917,553 $1,030,500 $112,947

DM - Dilworth Mountain $896,028 $1,004,175 $108,147

BL - Black Mountain $873,975 $1,074,684 $200,709

JR - Joe Rich $867,465 $1,130,735 $263,270

GL - Glenmore $854,838 $1,032,675 $177,837

EL - Ellison $833,164 $887,092 $53,928

UD - University District $832,454 $940,175 $107,721

KS - Kelowna South $829,752 $934,581 $104,829

LE -

Lake Country East / Oyama $819,899 $1,074,858 $254,959

KN - Kelowna North $811,456 $928,074 $116,618

PE - Peachland $774,828 $937,336 $162,508

SHLK - Shannon Lake $761,548 $903,616 $142,068

NG - North Glenmore $759,488 $857,831 $98,343

WKE -

West Kelowna Estates $757,281 $888,551 $131,270

SMCR - Smith Creek $720,304 $881,788 $161,484

WEC - Westbank Centre $651,307 $763,093 $111,786

RN - Rutland North $617,900 $742,683 $124,783

Average Change Per Neighbourhood $177,067

As you can see the average price increase in areas are around $177,000. Tough to believe this significant change. If you have questions on the value of your home, reach out and I am happy to give you a no-obligation home evaluation. I can also email you comparable sales for your area if that is something you want more information on. Have a great week and reach out if there is anything in the world I can do for you.

-Mark