Property prices for sale in Kelowna (British Columbia)

The prices in real estate in Kelowna, in the British Columbia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$1,400,263.67
Average price last 6 months
$5,372.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Kelowna has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $26,677. In the following month the price per sq.feet decreased considerably to $3,995. The price for the following two months in (January, February) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $7,853.5 to $410.5 during March, and April.

Average price

Based upon to the price in Kelowna (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $817,944. During December the price went through a considerable rise reaching $1,007,217. During the following two months (January, February) the average price had a considerable increase of 170 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 141 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,791,497 they are 70 % more affordable than the average price for Kelowna. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,032,813.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $507 / sq.feet, with an average $426 / sq.feet price in Kelowna. The properties with the highest average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 2 bedrooms with a price at $537 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,791,497 it is 67 % cheaper than the average price in Kelowna. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Office". At a price of $2,743,983 it is 161 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $421 / sq.feet followed by "Townhouse" priced at $484 / sq.feet. "Office" is the most costly type of property with a $52,557 / sq.feet cost followed by "Land" with an average price of $36,101 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Kelowna
Number of properties used in region British Columbia
$1,791,497
$426
4,624
237,480
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value