Casa Loma, West Kelowna - August 2026 Real Estate Report

Casa Loma, West Kelowna: Your Home Is Worth More Than the City Thinks

If you own a home in Casa Loma and you have been going off your BC Assessment notice, you are leaving real money on the table. The city says your house is worth around $1,701,959. The HonestDoor Price says $1,842,396. That is an $140,000 gap - and that gap matters when you are making decisions about selling, refinancing, or just knowing where you stand.

The Vibe: What Is Actually Happening in Casa Loma Right Now

Let us break it down by property type, because houses and condos are telling two very different stories right now.

Houses - Strong Value, But the Market Is Taking a Breather

Casa Loma houses are still the most valuable in West Kelowna - ranked number one for average assessed value across the entire city. That is not nothing. But the day-to-day sales market has cooled off noticeably.

• Average sale price this month: $949,300 - down 11.2% from last month
• Average list price: $999,000
• Homes are selling at 95.03% of list price - buyers are negotiating, and winning
• Average days on market: 37 days - slower than nearby Downtown at 21 days
• Price per square foot: $1,419
• Only 1 property sold this period
• HonestDoor predicted value for houses: $1,819,135
• 3-month moving average: $1,813,691 - values are still creeping up
• Estimated monthly rent: $6,294 with a rental yield of 4.06%
• Growth rank: 6 out of 14 neighbourhoods in West Kelowna - solidly above average

Here is what those numbers actually mean for us. The long-term value of Casa Loma houses is holding and nudging upward - the HonestDoor Price is up 1.28% from the previous period and the predicted value is sitting above the 3-month average. But right now, in the short-term sales market, buyers have more leverage than they did a few months ago. Homes are sitting longer and selling below asking. That is the reality on the ground.

Compared to neighbours like Lakeview Heights (HonestDoor Price $1,263,951) and South Central ($1,091,989), Casa Loma houses are in a different league. We are priced higher, and we are growing - even if both of those nearby areas are seeing slight declines.

Condos - A Softer Story

The condo picture in Casa Loma is worth watching closely. Values have moved in the wrong direction recently, and the data is pretty direct about it.

• Average HonestDoor Price for condos: $790,684 - down 3.75% from the previous period
• Predicted market value: $821,519
• 3-month moving average: $850,834 - the trend is downward
• Recent value change: -6.70%
• Growth rank: 13 out of 13 neighbourhoods in West Kelowna - bottom of the leaderboard
• Estimated monthly rent: $3,716 with a rental yield of 3.20%
• Airbnb estimate: $179 per night - ranked 2nd in West Kelowna for Airbnb potential

That growth rank is the number to pay attention to. Last place out of 13 comparable neighbourhoods means condo values in Casa Loma are underperforming every other area in the city right now. Nearby Downtown condos are sitting at $793,730 - nearly the same price - and Lakeview Heights condos are actually higher at $896,953. The one bright spot is Airbnb. A number 2 ranking in West Kelowna for short-term rental income means Casa Loma condos have real earning potential if you are thinking about that route.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

BC Assessment values are snapshots frozen in time. They are calculated from data that is already months old by the time the notice hits your mailbox. The HonestDoor Price is updated in real time, pulling from actual market activity as it happens.

For Casa Loma houses, that difference is 8.25% - or roughly $140,000. If you are walking into a conversation with a bank, a buyer, or even just your own financial planner, using the assessed value means you are underselling yourself before the conversation even starts. The HonestDoor Price is the real-world check that reflects what a buyer would actually pay today - not what the city calculated last July.

With 265 properties assessed in the neighbourhood and the overall neighbourhood growth sitting at 0.02% year over year, Casa Loma is stable. It is not a boom, but it is not sliding either. That stability has value, and your HonestDoor Price reflects it.

The So What - Should You Sell in Casa Loma This Summer?

If you own a house in Casa Loma, the honest answer is: the timing is nuanced. Your long-term value is strong and still growing. But the short-term market is soft - buyers are taking their time (37 days on market), they are negotiating prices down to 95 cents on the dollar, and there is not a lot of transaction volume right now (4 total transactions in 2026 so far). That low volume cuts both ways - less competition from other sellers, but also fewer active buyers.

If you need to sell this summer, price it sharp from day one. Homes sitting at $999,000 list and selling at $949,300 tells you the market will find its own level anyway. Get ahead of that instead of chasing it down.

If you own a condo in Casa Loma, waiting for conditions to improve is a reasonable position. A -6.70% value change and a last-place growth ranking are signals that the condo market here needs time to find its footing. If holding is not an option, leaning into the Airbnb angle - where Casa Loma ranks second in all of West Kelowna - could help you generate income while you wait for the market to stabilize.

Either way, start with your HonestDoor Price. It is the most current number you have - and in this market, current is everything.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.