February 2025 Central Okanagan Real Estate Market Update - Kelowna Real Estate | Briggs On Homes Group | Jaime Briggs

February 2025 Central Okanagan Real Estate Market Update

Central Okanagan

Real Estate

Market Update

๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฑ ๐—–๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น ๐—ข๐—ธ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฎ๐—ป ๐—ฅ๐—ฒ๐—ฎ๐—น ๐—˜๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ ๐Ÿ“ˆ๐Ÿ“Š

Despite uncertainty in the global economy, Kelownaโ€™s real estate market remains fairly stable. February followed a typical seasonal trend, with marginal increases in sales and prices compared to last year, while inventory continues to grow.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„

๐—ฆ๐—ถ๐—ป๐—ด๐—น๐—ฒ ๐—™๐—ฎ๐—บ๐—ถ๐—น๐˜† ๐—›๐—ผ๐—บ๐—ฒ๐˜€

โ–ซ๏ธAverage Price: $1,144,973 (+10.5% YoY)

โ–ซ๏ธSales: 122 homes sold (+16.2%)

โ–ซ๏ธInventory: 1,156 active listings (+21.1%)

๐—ง๐—ผ๐˜„๐—ป๐—ต๐—ผ๐˜‚๐˜€๐—ฒ๐˜€

โ–ซ๏ธAverage Price: $752,338 (+11.7%)

โ–ซ๏ธSales: 47 townhomes sold (+14.6%)

โ–ซ๏ธInventory: 392 active listings (+19.5%)

๐—”๐—ฝ๐—ฎ๐—ฟ๐˜๐—บ๐—ฒ๐—ป๐˜๐˜€/๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€

โ–ซ๏ธAverage Price: $506,243 (+8.2%)

โ–ซ๏ธSales: 78 condos sold (+21.9%)

โ–ซ๏ธInventory: 699 active listings (+18.6%)

๐—ช๐—ต๐—ฎ๐˜ ๐—ง๐—ต๐—ถ๐˜€ ๐— ๐—ฒ๐—ฎ๐—ป๐˜€

For ๐˜š๐˜Œ๐˜“๐˜“๐˜Œ๐˜™๐˜š, prices remain stable, but increasing inventory means competition is growingโ€”strategic pricing and presentation are key.

For ๐˜‰๐˜œ๐˜ ๐˜Œ๐˜™๐˜š, more options are becoming available, presenting opportunities in various segments of the market.

With 19 years of experience navigating every type of real estate market, our team is here to provide expert guidance, whether youโ€™re buying, selling, or planning your next move.

๐Ÿ“ž Contact the Briggs On Homes Real Estate Group of Coldwell Banker Horizon Realty at 250-215-0015 to discuss your real estate goals today!

https://info.briggsonhomes.com/

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OPEN HOUSE at 1294 Samurai Court
February 21, 2025
NEW LISTING โ€“ 2677 Gore Street
March 10, 2025
OPEN HOUSE at 1294 Samurai Court
February 21, 2025
NEW LISTING โ€“ 2677 Gore Street
March 10, 2025