February 20, 2017
What's a Neighborhood Worth? A guide to 2016 Single Family Home Prices around Kelowna, BC
Thinking of purchasing a home in Kelowna or relocating here? This map will help you understand the different neighborhoods around Kelowna and the average prices for a single family home.
Average home prices were tabulated from all single family freehold homes that were sold during the 2016 year in the MLS board system.
The map reveals Glenrosa and the Rutland North and South to be the least expensive areas to buy single-family homes, with average costs ranging from $418,534 to $454,848.
In contrast, Lower Mission, Lakeview Heights and Upper Mission are the most expensive areas to buy homes, with average costs ranging from $821,429 to $914,772.
"While these averages are very helpful, especially for people wanting to relocate to Kelowna, I think it's important to understand that they don't tell the full story as there are many highs and lows in each neighbourhood and varying types of houses available. That's why it's so important to work with an experienced realtor to help guide you to the right home you want to buy or correct listing price for your property in today's market."