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How much Apartment can you afford? Breaking it down by the area

January 15, 2020

 

See what the median sale price for apartment homes in each area was for 2019. 

Whether you are looking to purchase an apartment for personal use or as a rental the value map can give you an idea of what areas of town to look in.

These stats are for all apartments sold for 2019. Curious about some other areas? get the full list here.

Sub Area              Sale Price, Median

Big White                      $343,250

Dilworth Mountain         $357,000

Glenmore                      $355,000

Kelowna North               $402,850

Kelowna South               $358,200

Lake Country East          $311,000

Lake Country North         $334,500

Lake Country South         $295,000

Lakeview Heights             $367,681

Lower Mission                  $347,900

McKinley Landing             $513,000

North Glenmore                $330,000

Peachland                        $667,500

Rutland North                   $267,450

Rutland South                   $259,000

Shannon Lake                   $353,250

Springfield/Spall                $325,000

University District              $377,950

West Kelowna Estates      $834,900

Westbank Centre              $327,450

Westside Road                 $135,500

  
 

Looking at the median home price vs the average home price tends to not factor in outliers into the amounts (example $2M home sold that's not common in the area can SKU the numbers this is included in Average but not Median) as with median prices, half the sales will be above the amount and half will be below.  When looking at averages it will include outliers

Have a great week!

-Mark

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