April 2025 Kelowna Real Estate Market Update
For Home Buyers, Sellers, Developers & Infill Builders
By Mark Coons, Selling Kelowna Real Estate Group
Kelowna’s real estate market stayed active in April, following seasonal trends with rising sales and increased inventory. But dig deeper, and it’s clear: strategic pricing and informed decision-making are more important than ever—especially for home sellers in Kelowna, real estate investors, and developers focused on infill and multifamily builds.
📊 Quick Stats – April 2025
All Property Types
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Sales: 🔺 427
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New Listings: 🔺 1,310
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Current Inventory: 🔺 3,823
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Average Sale Price: 🔻 $845,087
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Median Sale Price: 🔺 $768,000
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Months of Inventory: 🔺 9
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Days to Sell (Median): 🔻 39
🏠 Single Family Homes in Kelowna
The detached market is moving, but not without friction. 353 expired listings this month highlight that overpricing costs sellers. At the same time, the average home price dipped slightly to $1,087,616, showing buyers are pushing back unless the value is there. Months of inventory dropped to 8, suggesting momentum is still strong.
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Sales: 🔺 209
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New Listings: 🔺 617
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Average Days to Sell: 🔻 52
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Inventory: 🔺 1,700
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Median Sale Price: 🔻 $957,500
🏘️ Townhomes in Kelowna
Townhome activity was steady with 67 sales and an average price of $691,894. Inventory remains balanced at 7 months, though newer builds are still facing high price tags due to construction cost inflation. Ideal for both first-time buyers and investors looking for manageable entry points.
🏢 Apartment & Condo Market
The condo sector remains a buyer’s market with 9 months of inventory. But not all units are equal—renovated and newer condos are selling faster. Builders and flippers may find opportunity here with units that stand out in style or layout.
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Sales: 🔺 99
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Median Price: 🔺 $440,000
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Average Price: 🔺 $492,517
🔍 What It Means for Sellers
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Expired listings are a red flag. If you're not priced right, buyers move on.
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Strategic pricing is non-negotiable. Let’s position your home properly and attract serious offers.
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Multifamily land premiums are softening — now’s the time for developers to re-evaluate holding vs. listing.
📞 Unsure where your home stands in today’s market? Let’s schedule a no-obligation pricing strategy call.
😎 What It Means for Buyers
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More choices, but don’t wait. The best-priced homes are getting snatched up quickly.
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Want clarity? Ask yourself the 5 Ws:
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Who’s moving with you?
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What do you need in a home?
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When do you want to move?
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Where do you see yourself living?
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Why are you making this move?
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🌟 Knowing these answers can help you move confidently and avoid missing out.
💪 For Builders & Developers
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Land value premiums have cooled.
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Infill opportunities are better priced now than a year ago.
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Inventory stats help assess when to list vs. build. Let’s look at your numbers together.
📩 Curious how your site stacks up in today’s multifamily landscape? Let’s walk the lot and talk strategy.
✅ Ready to Take the Next Step?
Whether you're buying, selling, or developing in Kelowna, having the right data and a trusted expert makes all the difference.
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Mark Coons
Selling Kelowna Real Estate Group
☎️ 778-744-0872 | ✉️ [email protected]
Follow on Instagram: @sellingkelownabc
