🏡 Kelowna Real Estate Market Update – May 2025
Kelowna Home Prices | Market Trends | Infill Development Opportunities
The Kelowna real estate market continues to shift. In May 2025, the average home sale price climbed to $870,940, up from $831,000 in April. Total sales volume hit $401 million, with 67% ($268 million) coming from single-family home sales.
🔍 Single-Family Homes in Kelowna
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Inventory: 1,799 active listings (near record high)
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Sales: 234
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Average Price: $1,148,035
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New Listings in May: 667
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Months of Inventory: 8
👉 Buyers are cautious. Turnkey homes are selling quickly, but dated or land-value homes are sitting.
👉 Sellers must price aggressively unless your property is updated and move-in ready.
🏘️ Kelowna Townhomes – A Balanced Market
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Sales: 75
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Inventory: Down to 445 units
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Average Price: $698,299
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Months of Inventory: 6
📈 Townhomes offer a sweet spot — low maintenance, modern design, and solid value. Great opportunity for both downsizers and young families.
🏢 Kelowna Apartments – Record Inventory
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Sales: 98
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Inventory: 954 units (record high)
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Average Price: $515,795
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Months of Inventory: 10
While sales lag, newer apartment units in central locations still sell strong. The market is oversupplied, but good product still commands top dollar.
👷 Developers & Infill Builders – What to Know
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High land listings are increasing, especially single-family homes priced at lot value.
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With more listings and longer days on market, now’s the time to negotiate infill opportunities.
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Consider Kelowna North, South Pandosy, and Rutland where aging housing stock and high inventory open the door for redevelopment potential.
💡 What This Means for You
🎯 Buyers:
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You have more choice, but move-in ready homes still move fast
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Fixer-uppers present value, especially with smart renovations
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Be pre-approved and ready to act
🎯 Sellers:
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Your home must stand out — clean, staged, priced properly
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Outdated homes priced at land value face more competition
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Focus on presentation and marketing to compete in this environment
📊 May 2025 Kelowna Real Estate Stats
| Metric | All Properties | Single Family | Townhomes | Apartments |
|---|---|---|---|---|
| Sales | 461 | 234 | 75 | 98 |
| New Listings | 1,292 | 667 | 145 | 304 |
| Inventory | 3,991 | 1,799 | 445 | 954 |
| Avg. Sale Price | $870,940 | $1,148,035 | $698,299 | $515,795 |
| Median Days to Sell | 46 | 36 | 50 | 51 |
| Months of Inventory | 9 | 8 | 6 | 10 |
| Total Volume | $401M | $268M | $52M | $50M |
📲 Want to Know What Your Home is Worth?
Whether you're buying, selling, or looking to develop in Kelowna, you need a plan that matches the current market.
👉 Call or text Mark & Maddie at 778-744-0872
📥 Or get started by viewing all current listings: https://sellingkelownarealestate.com
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