By September the Kelowna market has cooled from its spring peak. Here is what the figures show against a year ago, and how to use the quieter weeks.
New Condominium Developments in Kelowna3 min read
By the Serenity team. Published , checked .
Most useful for: People moving from Alberta or the Lower Mainland, Downsizers.
The new condo buying season in Kelowna looks different in the fall than in spring. By September 2026, Central Okanagan apartment sales had slipped from a May peak of 123 to 83, and the average apartment took 85 days to sell, up from 78 a year earlier.
A slower month is a good time to read and compare. The figures below are for resale and assignment activity, not presale launches, but they describe the conditions around any new building you are considering.
To prepare for the new condo buying season in Kelowna this fall, use September and October to read disclosure statements, visit finished projects and settle your financing. Central Okanagan apartment sales slowed from 123 in May to 83 in September 2026, and new listings were 23% lower than a year earlier.
Each number is read from the sources listed at the end of this guide on October 16, 2026.
The table sets September 2026 beside the same month a year earlier. Fewer homes sold, fewer were listed and each took longer to sell. That combination is a slower pace, which means more time to compare rather than a signal about where prices go.
| Measure | Apartments, 2026 | Apartments, 2025 | Townhouses, 2026 | Townhouses, 2025 |
|---|---|---|---|---|
| Homes sold | 83 | 102 | 46 | 54 |
| New listings | 182 | 235 | 137 | 154 |
| Listed at month end | 774 | 831 | 445 | 427 |
| Median price | $423,000 | $436,250 | $652,500 | $733,750 |
| Days to sell | 85 | 78 | 82 | 60 |
The chart shows the whole of 2026 so far, with last year's months as ticks. Sales climbed to a peak in May and have eased since. The median apartment price ranged from $410,000 in Jan to $473,250 in Jun over the nine months, which shows how much a single month's median moves with the mix of homes that sell.
Homes sold20262025
Days to sell20262025
| Month | Sold | Sold in 2025 | New listings | Listed at month end | Median price | Days to sell | Days in 2025 |
|---|---|---|---|---|---|---|---|
| Jan | 55 | 63 | 221 | 685 | $410,000 | 83 | 77 |
| Feb | 74 | 78 | 197 | 705 | $435,500 | 75 | 71 |
| Mar | 104 | 92 | 271 | 756 | $421,967 | 81 | 66 |
| Apr | 95 | 99 | 255 | 794 | $438,000 | 68 | 52 |
| May | 123 | 98 | 236 | 790 | $430,000 | 54 | 68 |
| Jun | 118 | 93 | 250 | 821 | $473,250 | 67 | 56 |
| Jul | 107 | 115 | 250 | 787 | $440,000 | 72 | 67 |
| Aug | 96 | 101 | 194 | 785 | $413,500 | 79 | 68 |
| Sep | 83 | 102 | 182 | 774 | $423,000 | 85 | 78 |
After summer travel and school routines settle, there is time to read a disclosure statement properly and to visit completed projects. The point of fall preparation is a considered decision, not a fast one. A BC presale buyer has a seven-day cancellation period, counted from the later of signing and acknowledging the disclosure statement, and it works best when you have read the paperwork first.
The preparation is the same as ahead of spring. Talk to your lender about how a presale pre-approval differs from a standard one. Settle your must-haves: the bedroom count and budget you need, and the parts of Kelowna you would actually consider. Then compare buildings on the same questions.
Use September and October for the reading and visiting that a busy spring leaves little time for.
Reading, visiting and financing, in that order.
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Buyers who wait for spring keep paying rent in the meantime. CMHC's average one-bedroom rent in the Kelowna area was $1,596 a month, or $19,152 a year, and the two-bedroom average was $2,118 a month, or $25,416 a year. That is a reason to start reading now, even if you sign later.
Registering is free and does not commit you to buy. For Serenity it gives you the guide immediately and puts you in touch with the sales team about current pricing and availability.
In September 2026 the Central Okanagan board reported fewer apartment sales (83 against 102), fewer new listings and a longer time to sell (85 days against 78) than a year earlier. That means more time to compare buildings. It does not predict prices.
The data does not show a seasonal price drop. The median apartment price was $423,000 in September 2026, 3% lower than a year earlier, and monthly medians in 2026 ranged from $410,000 to $473,250. Medians move with the mix of homes sold.
CMHC counted 497 finished apartments still unsold in August 2026 and 3,483 under construction. The Central Okanagan board listed 774 apartments at the end of September 2026, which includes resale as well as new.
Fall suits reading and comparing. In September 2026 the board reported 774 apartments listed and 85 days to sell on average, so there is choice and time. Presale buyers are not tied to the season, and the seven-day cancellation period starts when you sign and acknowledge the disclosure statement.
The Central Okanagan board reported 83 apartment sales in September 2026, against 102 a year earlier, with 182 new listings and a median price of $423,000. Those are resale and assignment sales for the whole board area, so they exclude presale contracts that have not yet closed.
General information read from these sources on the date above, not legal, tax or financial advice.
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