Mark Coons
@markcoons
Dream big. Work Hard. Always Compete. Stay Hungry.
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Unintended Consequences?! A huge challenge we are experiencing in Kelowna is getting the prices down on development properties so they pencil out. Sellers will only sell if it makes sense. The Capital Gains Tax increase will make housing less affordable 👇👇👇
Kelowna’s summer market slows as families travel and showings get tougher. 10-yr average: ~580 sales/month 2025 summer: 350–400 sales/month Plus the highest listing count of the year. Peak supply + slower demand = softer summer market.
Kelowna condo market is taking the biggest hit: ~14 months of inventory and fewer sales in 2025 vs 2024. Sellers: more competition. Buyers: more leverage. #KelownaCondos #KelownaRealEstate #HousingMarket
Kelowna luxury sales still moving, • 9 sales over $1M • Top sale: $2.9M (Mine Hill Dr) • Two apartments sold: $1.8M and $2.152M “This or That” — which one makes sense at those prices? #KelownaRealEstate #HousingMarket
CREA (Jan 15): Canada MLS sales ⬇️ 2.7% MoM. Central Okanagan: just over 4,000 sales (2024) → 4,311 (2025) = +299. Kelowna can buck the national trend. #KelownaRealEstate #CanadaHousing #HousingMarket
⚠️ Average prices can mislead. 2025: • Average ⬆️ 6.95% • Median ⬆️ 1.92% Record sales skew the average. Median better reflects a typical home. #KelownaRealEstate #HousingMarket #CanadaHousing
Kelowna weekly hot sheet (last 7 days): • 38 sales (still filling in) • 178 new listings • 60 price drops Sales lag early in the week, but pricing pressure is starting to show. #KelownaRealEstate #HousingMarket #MarketUpdate
Canada MLS® sales fell 2.7% in Dec 2025 (and ~1.9% fewer transactions vs 2024). Okanagan sales: 4,311 in 2025 vs just over 4,000 in 2024 (+299). Local > national headlines. #KelownaRealEstate #CanadaHousing #HousingMarket
BC Assessments aren’t always right. If yours doesn’t reflect July 1, 2025 market value, contact BC Assessment and dispute it before Feb 2, 2026. Example: Glenmore ⬇️ ~3% on assessments, yet sales ⬆️ ~5%. #KelownaRealEstate #BCAssessment #HousingMarket
Canadian real estate sales fell 2.7% in late 2025. Kelowna didn’t crash. It didn’t boom either. Local data matters more than national headlines going into 2026. #KelownaRealEstate #CanadaHousing #HousingMarket
Q: Kelowna’s top neighbourhood in 2025 so far? A: Lower Mission — 113 sales, avg price $1.476M. Flat terrain, beach access, Pandosy, schools, shopping. Always one of the most in-demand areas in Kelowna.
Q: Why is Upper Mission #2 in Kelowna for 2025? A: 96 sales, $1.4M average price, newer homes, and entry-level new builds around $1.5M. Strong value + high demand.
Glenmore stays in high demand: Close to downtown, larger flat lots, mature trees, quiet streets, and a younger demographic moving in. One of Kelowna’s most appealing neighbourhoods.
Q: Why is Lakeview Heights always in high demand? A: Sun exposure, sweeping lake views, wineries, schools, parks, and quick access into Kelowna. One of West Kelowna’s most desirable neighbourhoods.
Glenrosa ranks #5 with 73 sales so far in 2025 and an average price of $822K. Mix of BC Box homes, suite potential, newer builds, and acreage options. One of West Kelowna’s highest-turnover neighbourhoods.
Kelowna’s demand slows before sales do. In 2023, wildfires caused early demand drop while supply lagged. As families prep for school + winter, more sellers pull listings. Market shifts are seasonal and event-driven.
Cash flow may return to Kelowna in 2026. Today: STRs allowed only in your primary home (must live there 240 days). No STRs in non-principal residences. If rules shift, investor opportunities reopen.
Kelowna’s last 10 years show the same cycle: clear peaks + valleys. Dec–Jan always drop in active listings. 2025: peaked near 3,500 → dropping toward ~2,200 heading into January. The peaks + valleys tell the real story of the market.
Year-end can be a strong time to sell: Less inventory + more motivated buyers. Many want to be moved before Christmas. Relocation + tax buyers often act fast before January.
Kelowna’s highest listing count usually hits in June–July. 2017 peaked in September. 2024 + 2025 peaked in June/July. Pattern: spring build → early-summer peak → fall decline.
Spring used to average ~600 sales/month. Recent years: closer to ~400. 2025: higher supply + lower demand (2,400–2,700 listings). Other months can offer better pricing conditions depending on competition + demand.
United States Trends
- 1. #SmackDown N/A
- 2. Olympics N/A
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- 4. NDSU N/A
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- 6. #OPLive N/A
- 7. #MutantFam N/A
- 8. St. John N/A
- 9. UConn N/A
- 10. Hunter Hess N/A
- 11. Andrea Bocelli N/A
- 12. Pistons N/A
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- 14. Athena N/A
- 15. Dylan Cardwell N/A
- 16. Malik Monk N/A
- 17. Kit Wilson N/A
- 18. Scoot Henderson N/A
- 19. Lion King N/A
- 20. Raheem N/A
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