Kelowna Luxury Home Sales Up 22% Year-Over-Year
The $1.5M-plus segment saw brisk activity in Q1 2026, led by waterfront properties in the Lower Mission and lakeshore estates in Lake Country.
Market snapshot
Sales of homes priced at $1.5 million or above rose 22 percent in Q1 2026 compared to Q1 2025, according to data compiled from the Association of Interior Realtors (AIR). A total of 87 luxury transactions closed across the Central Okanagan.
Where the action is
- Lower Mission / Lakeshore Road: Waterfront and water-view homes accounted for 40 percent of luxury sales. Median sale price: $2.1M.
- Lake Country: The Oyama and Carr's Landing areas saw a surge of interest from out-of-province buyers. Median sale price: $1.8M.
- Upper Mission: Larger acreage properties with vineyard or orchard potential attracted lifestyle buyers. Median sale price: $1.65M.
Buyer profile
Luxury buyers are increasingly a mix of Lower Mainland equity migrants, Alberta oil-patch retirees, and a growing number of remote-work professionals in tech and finance.
Seller takeaway
The luxury segment rewards meticulous presentation. Professional staging, drone photography, and targeted digital marketing are table stakes for maximizing sale price in this tier.
This article summarizes MLS and brokerage data. Past performance does not guarantee future results.
Disclaimer: This summary is generated with the assistance of AI and reviewed by our team. While we strive for accuracy, it is not a substitute for reading the original source material. The content does not constitute professional advice. If you believe something is inaccurate, please let us know.
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