Central Okanagan / Kelowna Real Estate Market Update – February 2025
Get the latest insights into Kelowna's real estate market for February 2025. This report covers key trends in the housing market, including sales data, pricing changes, and inventory levels for single-family homes, townhomes, and condos in the Central Okanagan.
Kelowna Single-Family Home Market – February 2025
- Sales: Single-family home sales increased by 16% year-over-year, with 122 homes sold in February 2025, up from 105 in February 2024.
- New Listings: The number of new listings rose by 15%, reaching 402 in February 2025, compared to 350 the previous year.
- Average Price: Home prices climbed, with the average price at $1,144,973 in February 2025, up from $1,035,940 in February 2024.
- Days on Market (DOM): Homes sold 5% faster, averaging 71 days on the market compared to 75 days in February 2024.
Kelowna Townhome Market – February 2025
- Sales: Townhome sales saw a 15% increase, with 47 units sold in February 2025, up from 41 in February 2024.
- New Listings: Inventory declined by 7%, with 151 new townhome listings in February 2025, compared to 163 in February 2024.
- Average Price: The average townhome price rose 12% to $752,338 in February 2025, up from $673,241 the year before.
- Days on Market (DOM): Townhomes sold 12% faster, averaging 51 days on the market compared to 58 days in February 2024.
Kelowna Condo Market – February 2025
- Sales: Condo sales rose 22%, with 78 units sold in February 2025, up from 64 in February 2024.
- New Listings: New condo listings decreased by 8%, with 240 new listings in February 2025, down from 262 in February 2024.
- Average Price: Condo prices increased by 8%, reaching an average of $506,243 in February 2025, compared to $467,664 in February 2024.
- Days on Market (DOM): The average time to sell a condo increased by 25%, with units spending 71 days on the market in February 2025, compared to 57 days the previous year.
Thinking of Buying or Selling in Kelowna?
If you're considering buying or selling a home in Kelowna, reach out to Jeff Creamer at Royal LePage Kelowna for expert guidance in the Central Okanagan real estate market.
- Call: 250-575-7112
- Email: jeff@shopkelownahomes.com
Check out Last Month's Central Okanagan / Kelowna Real Estate Market Statistics
Source: Association of Interior Realtors