Thompson Okanagan
Real Estate Listings

Nestled in south-central BC, the Okanagan Valley stretches 200 km north from the U.S. border and is defined by the basin of Okanagan Lake and the Okanagan River. It is home to cities like Vernon, Kelowna, and Penticton. This region boasts a rich First Nations heritage and is renowned as one of Canada's top fruit and wine producers.

The Okanagan Valley, one of BC's premier wine regions. Enjoy wine tastings, festivals, and farmers' markets. Popular activities include cycling the Kettle Valley Rail Trail and boating on Okanagan Lake.

The Okanagan Valley, comprised of 14 municipalities. Among these, Kelowna, Keremeos, Oliver, Osoyoos, Penticton, Summerland, and Vernon stand out as excellent places to call home in the B.C interior.

According to AIR, April's benchmark price for a single-family home was $738,500, down 4.6% from April 2023. Townhouse prices dropped 5.1% to $548,400. Condo and apartment prices saw a 0.6% decline to $340,600.

The benchmark price for single-family homes in the Central Okanagan is $1,009,000, North Okanagan is $738,500 and $688,000 in the Shuswap. South Okanagan sits at $758,000. Townhome prices dropped across all regions, with the South Okanagan experiencing the largest decrease to $509,100.

Okanagan home values have fluctuated recently, with a downward trend since 2022. While market conditions have improved compared to 2023, experts say 2024 purchase activity is unlikely to reach 2020 levels.

Kelowna, BC, is the largest city in the Okanagan with 153,148 residents. As of 2022, Kelowna ranked as the 2nd best small city in Canada due to it's growing economy and downtown.