Central Okanagan / Kelowna Real Estate Market Update – January 2025
Discover the latest Kelowna real estate market trends for January 2025. This report covers key insights into single-family homes, townhomes, and condos, including sales figures, pricing trends, and market activity in the Central Okanagan housing market.
Kelowna Single-Family Home Market – January 2025
- Sales: Single-family home sales rose 41% year-over-year, with 110 homes sold in January 2025, up from 78 in January 2024.
- New Listings: The market saw a 55% increase in new listings, reaching 398 homes in January 2025, compared to 257 in January 2024.
- Average Price: Prices remained stable, with an average home price of $1,028,010 in January 2025 versus $1,026,519 in January 2024.
- Days on Market (DOM): The average time to sell remained unchanged at 75 days for both January 2025 and January 2024.
Kelowna Townhome Market – January 2025
- Sales: Townhome sales grew 36% year-over-year, with 38 units sold in January 2025 compared to 28 in January 2024.
- New Listings: Inventory surged 68%, with 153 new townhome listings in January 2025, up from 91 in January 2024.
- Average Price: Townhome prices rose 11%, with the average price hitting $763,208 in January 2025 compared to $687,136 the previous year.
- Days on Market (DOM): Townhomes took 18% longer to sell, with an average of 85 days on the market, compared to 72 days in January 2024.
Kelowna Condo Market – January 2025
- Sales: Condo sales saw an 11% increase, with 63 units sold in January 2025, compared to 57 in January 2024.
- New Listings: The number of new condo listings jumped 42%, reaching 236 new listings in January 2025, compared to 166 in January 2024.
- Average Price: Condo prices declined 10%, with the average condo price at $468,633 in January 2025, down from $517,624 in January 2024.
- Days on Market (DOM): The average time to sell a condo increased by 28%, with units spending 77 days on the market in January 2025, compared to 60 days in January 2024.
Looking to Buy or Sell 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