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Posted in Kelowna Real Estate
New property listed in Kelowna

I have listed a new property at 423 1331 Ellis Street in Kelowna. See details here

Downtown Kelowna Loft Living at Its Best! Nearly 2,000 Sq Ft of Bright, Stylish Space. A truly unique and rare offering in the heart of Downtown Kelowna. Welcome to Ellis Court. This exceptional home combines urban sophistication with spacious comfort, featuring soaring 20-foot ceilings, beautiful hardwood floors throughout, and expansive west-facing windows that fill the space with natural light and Okanagan Lake within sight. The main floor offers two generous bedrooms and two full baths, including a luxurious 5-piece primary ensuite and a 3-piece cheater ensuite for guests. A large uncovered balcony off the living area provides the perfect spot to take in the downtown sights and sounds. Upstairs, the massive loft offers flexible space for a third bedroom or media lounge, and an additional space for a home office, complete with its own 3-piece bath and two private balconies, ideal for enjoying quiet morning coffee or evening sunsets. Modern upgrades bring peace of mind, including: New furnace & A/C (2021), Washer & dryer (2021), Hot water tank (2017), Motorized blackout curtains in living room & loft (2024), New sliding patio doors (2020) and balcony flooring (2020). Ellis Court is pet-friendly (with restrictions) and includes 1 parking stall and 1 storage locker. Step outside your door to Prospera Place, Kelowna Community Theatre, the YMCA, local breweries, restaurants, and shops — all just minutes from the lake and beaches. This is downtown living without compromise. (id:2493)

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Kelowna Real Estate Market Update | March 2026

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Kelowna Real Estate Market Update | February 2026



Multiple Offers and 5 Year Price Guarantees...


We're well under way into 2026. No more excuses for having that Christmas Tree up still, or saying Happy New Year.

It's been a slow start across the province, as unit sales lag the 10 year average as well as year over year. You'll see below, that although we are down in unit sales, the Okanagan region is performing better than the larger areas like Greater Vancouver, Fraser Valley and Chilliwack. I'd attribute this to us having milder climate (less rain) and more affordable price points relative to them. We're still getting lots of migration up from the Lower Mainland, as families look for a lower cost of living but don't want to give up the convenience of the 'big city' lifestyle. 

Note, we're up 2.2% year over year for average price.

New construction is still very slow, with developers getting creative in their incentives for buyers to pull the trigger. One development here in Kelowna, is offering 2.99% mortgage rates (3 year term) and a 5 year price guarantee, where they will rebate the buyer the difference of their purchase price, if the market value has fallen in 5 years time. Yes, there is fine print to that, and I'd be happy to explain if you are curious (reply to this email).

On the flip side, I'm hearing from my colleagues that they've been in multiple offer situations on inventory that's sat for almost a year. That could just be back luck or timing, but I am seeing more buyers coming off the sidelines as they see prices flatlined over the past few months.
 

That's it for now. Let me know if there's anything you'd like me to add to these emails or if you have any questions I can answer. Until next month....


   

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Posted on by
Posted in Kelowna Real Estate
New property listed in Kelowna

I have listed a new property at 423 1331 Ellis Street in Kelowna. See details here

Downtown Kelowna Loft Living at Its Best — Nearly 2,000 Sq Ft of Bright, Stylish Space. A truly unique and rare offering in the heart of downtown Kelowna — welcome to Ellis Court. This exceptional home combines urban sophistication with spacious comfort, featuring soaring 20-foot ceilings, beautiful hardwood floors throughout, and expansive west-facing windows that fill the space with natural light and Okanagan Lake within sight. The main floor offers two generous bedrooms and two full baths, including a luxurious 5-piece primary ensuite and a 3-piece cheater ensuite for guests. A large uncovered balcony off the living area provides the perfect spot to take in the downtown sights and sounds. Upstairs, the massive loft offers flexible space for a third bedroom or media lounge, and an additional space for a home office, complete with its own 3-piece bath and two private balconies, ideal for enjoying quiet morning coffee or evening sunsets. Modern upgrades bring peace of mind, including: New furnace & A/C (2021), Washer & dryer (2021), Hot water tank (2017), Motorized blackout curtains in living room & loft (2024), New sliding patio doors (2020) and balcony flooring (2020). Ellis Court is pet-friendly (with restrictions) and includes 1 parking stall and 1 storage locker. Step outside your door to Prospera Place, Kelowna Community Theatre, the YMCA, local breweries, restaurants, and shops — all just minutes from the lake and beaches. This is downtown living without compromise. (id:2493)

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Posted on by
Posted in Kelowna Real Estate
New property listed in Kelowna

I have listed a new property at 423 1331 Ellis Street in Kelowna. See details here

Downtown Kelowna Loft Living at Its Best — Nearly 2,000 Sq Ft of Bright, Stylish Space. A truly unique and rare offering in the heart of downtown Kelowna — welcome to Ellis Court. This exceptional home combines urban sophistication with spacious comfort, featuring soaring 20-foot ceilings, beautiful hardwood floors throughout, and expansive west-facing windows that fill the space with natural light and Okanagan Lake within sight. The main floor offers two generous bedrooms and two full baths, including a luxurious 5-piece primary ensuite and a 3-piece cheater ensuite for guests. A large uncovered balcony off the living area provides the perfect spot to take in the downtown sights and sounds. Upstairs, the massive loft offers flexible space for a third bedroom or media lounge, and an additional space for a home office, complete with its own 3-piece bath and two private balconies, ideal for enjoying quiet morning coffee or evening sunsets. Modern upgrades bring peace of mind, including: New furnace & A/C (2021), Washer & dryer (2021), Hot water tank (2017), Motorized blackout curtains in living room & loft (2024), New sliding patio doors (2020) and balcony flooring (2020). Ellis Court is pet-friendly (with restrictions) and includes 1 parking stall and 1 storage locker. Step outside your door to Prospera Place, Kelowna Community Theatre, the YMCA, local breweries, restaurants, and shops — all just minutes from the lake and beaches. This is downtown living without compromise. (id:2493)

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Categories:   Kelowna Real Estate
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