Kelowna
Kelowna is located in the south of British Columbia province of Canada. Kelowna is located in the heart of the sun-drenched Okanagan Valley of British Columbia. Kelowna is a favorite spot for vacations for many years because of its wonderful vineyards, food scene, beaches, great weather, and few ski hills.
The cost of living index of Kelowna is 65.97 which is below the Canadian average. This index also drops below than living in the big Canadian metro areas including Toronto at 73.58, Vancouver at 72.75, and Calgary at 70.95.
Condominium Price index 2021
In Kelowna, the primary housing situations can be in three forms to buy a house, buy a condo, or rent an apartment. There are some drawbacks as well as benefits regarding all of these. One of the benefits over here is that the designs of the housing situations are made in a way that satisfies the needs of occupants. In Kelowna, the condo consisting of two beds and two baths over 954 sq ft can be found at 115-4380 Lakeshore Road, for only $565,000.
So, if the area of the condo is slightly larger i.e 979 sq ft with the same numbers of beds and baths i.e two each then there will be a slight increase in the price i.e $644,900. If one needs a condo containing one bed and one bath over 759 sq ft, he can get it at almost half price i.e $225,000. Same one bed and one bath condos with the less covering area are a little bit cheaper. They cost $329,900. One can get these condos at 408-567 Yates Road, Kelowna.
Number of active listings in Kelowna.
In Kelowna, whenever a property or house is listed for the purpose of sale in the MLS then “ Active” status is given to that house or property. This indicates that the seller of the property is marketing his home currently and is requesting offers from buyers.
It may happen that you may encounter a listing from an online source that is marked as an Active listing but after some time you find out that the owner has already accepted an offer. Total 06 condominiums are currently listed in Kelowna for more than a million-dollar smile. This is a number that will grow once many downtown developments for sure because one water street can finish construction.
Condominium Price increasing or decreasing?
Condos have varying prices depending on the number of beds and baths they have. From Dec 30 to Jan 27 the price of 2-bed condos was $483K which was $545K about 3 months ago and $494K about six months ago. Similarly, 3-bed condos are $ 878K during the month of July. If we see the overall pricing of condominiums then from Dec 30 to Jan 27 this was $484 K and this price was $519K about 6 months ago. Depending on this data, the price of Condominiums has decreased.
