Kelowna February 2025 Real Estate Market Stats

February saw a noticeable uptick in activity, with 947 new listings hitting the market, bringing total active inventory to 3,136—up from 2,864 last month and 2,601 this time last year. Buyer’s do have a lot more choices now than they have had in a long time.  But sales also picked up, with 285 homes sold, a jump from 252 in January and 251 in February 2024, marking a 13% increase year-over-year. It’s seems that buyer interest is stronger heading into 2025.

Single-family average home prices have surged, now averaging $1.19 million—a $150,000 increase from last year and appears we are seeing more movement in the higher priced homes.  With Kelowna’s population growing by 4.3% last year, the demand for homes will remain strong.

Despite changing mortgage rules and rising tariffs, the luxury market is gaining traction, with 25 homes over $1.8 million sold so far in 2025. Townhomes are averaging $752,000, with inventory dropping to 8 months. Single-family homes sit at 11 months of inventory, while apartments remain steady at 9 months. While technically still a buyer’s market across most segments, homes priced correctly are moving quickly.

Overall, momentum is building, and we’re seeing more consumer confidence in Kelowna’s real estate market as we head into the spring season.

Total Sales

Sales: 285

New Listings: 947

Current Inventory: 3,136

Median Days to Sell: 49

Average Days to Sell: 73

Months of Inventory: 11

Median Sale Price: $738,000

Average Sale Price: $884,610

Total Volume: $252,113,965

Single Family Sales

Sales: 125

New Listings: 442

Current Inventory: 1,355

Median Days to Sell: 49

Average Days to Sell: 74

Months Inventory:11

Median Sale Price: $1,050,000

Average Sale Price: $1,190,893

Total Volume: $148,861,652

Townhome Sales

Sales: 47

New Listings: 152

Current Inventory: 397

Median Days to Sell:35

Average Days to Sell: 51

Months of Inventory: 8

Median Sale Price: $702,000

Average Sale Price: $752,338

Total Volume: $35,359,885

Apartment Sales

Sales:78

New Listings: 240

Current Inventory: 715

Median Days to Sell: 46

Average Days to Sell: 71

Months of Inventory: 9

Median Sale Price: $440,000

Average Sale Price: $506,243

Total Volume: $39,486,928

Reach out if you have any questions on how your properties compare or if you have any questions on the market.

Mark and Maddie Coons

Selling Kelowna Real Estate Group

Tel: 778-744-0872

email: info@sellingkelownarealestate.com