Casa Loma, West Kelowna - October 2026 Real Estate Report
Casa Loma, West Kelowna: Your Home Is Worth More Than the City Thinks
If you own property in Casa Loma and you're still looking at your BC Assessment notice, stop. That number is already old news. The real story is playing out right now, and it looks pretty good for homeowners here.
The Vibe: What's Actually Happening in Casa Loma
Casa Loma sits at the top of the West Kelowna price ladder. We're not just saying that - the data backs it up. The average assessed value ranks number one in all of West Kelowna. That's the neighbourhood we live in.
That said, the market is taking a breather. Here's the honest breakdown by property type.
Houses: Premium Address, Slower Pace
The house market in Casa Loma right now is a tale of two numbers. Sales activity has pulled back - only 1 house sold recently, down 50% from the month before, and homes are sitting on the market for an average of 127 days. Compare that to Downtown West Kelowna at 67 days, and you can see buyers here are taking their time.
- Average sale price: $1,299,600 - down 17.5% from last month
- Average list price this month: $1,399,000
- Buyers paid an average of 92.89% of list price - meaning sellers are negotiating
- Price per square foot: $314
- Days on market: 127 days - ranks 10 out of 13 neighbourhoods in West Kelowna
- Growth rate ranks 4 out of 14 neighbourhoods - above average in West Kelowna
- Price rank: 2 out of 13 - among the most expensive in West Kelowna
The predicted market value for houses sits at $1,827,106, which is actually trending up from the 3-month moving average of $1,813,102. So while sales have slowed, the underlying value story for us here in Casa Loma is still pointing in the right direction.
Rental potential is strong too. Estimated rent runs $6,336 per month with a rental yield of 4.04%. And if you're thinking short-term rentals, Casa Loma ranks 2nd in all of West Kelowna for Airbnb potential at around $315 per night.
Condos: Holding Steady at the Top
The condo picture in Casa Loma is a bit more nuanced. Values have dipped slightly - the HonestDoor Price is down 1.66% from the previous period to $787,661 - and the predicted value of $800,929 is coming in just below the 3-month moving average of $804,377. The market is cooling, not crashing.
- Average HonestDoor Price: $787,661
- Predicted market value: $800,929
- Estimated rent: $3,652 per month
- Rental yield: 3.24%
- Airbnb rank: 1st in West Kelowna - the best short-term rental potential in the city
- Growth rate ranks 4 out of 13 neighbourhoods - above average
- Recent value change: up 1.30%
Worth noting - nearby South Central condos are averaging $1,881,755, which is a very different product. For what Casa Loma condos offer, the value proposition here is real.
The Secret Sauce: Your HonestDoor Price vs. Your Assessment
Here's the thing about your BC Assessment. It's a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it's already months out of date. The market doesn't wait for paperwork.
The average HonestDoor Price for houses in Casa Loma is $1,791,498. The average assessed value is $1,701,959. That's a gap of roughly $89,500 - or 5.26% - that your assessment is leaving on the table. For condos, the HonestDoor Price is updated in real time using actual transaction data, current listings, and neighbourhood trends. It's the real-world check your assessment can never be.
If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - the HonestDoor Price is the number to start with, not the one the government mailed you.
The So What: Thinking About Selling This Summer?
Here's the straight talk for anyone in Casa Loma weighing a summer sale.
The good news - you're in one of the most expensive and most sought-after neighbourhoods in West Kelowna. That doesn't change. Buyers who want Casa Loma want Casa Loma, and there's no substitute for the address.
The honest news - buyers right now have more patience than they did a year ago. Homes are taking 127 days to sell on average, and recent sales are closing below list price. If you price aggressively, expect to sit. If you price smart - meaning close to that $1,827,106 predicted value for houses - you give yourself the best shot at a clean deal before the summer window closes.
- Price to the HonestDoor Price, not your gut feeling or last year's sale down the street
- 265 properties were assessed in Casa Loma this year - competition is real
- Only 7 transactions happened in 2026 so far - this is a low-volume, high-stakes market
- Neighbourhood growth is 0.02% year over year - steady, not explosive
Bottom line - Casa Loma is still the top of the West Kelowna market. But summer 2025 rewards sellers who are realistic, not optimistic. Know your number, price it right, and you'll be fine.
casa loma | west kelowna | october 2026This 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.