Highway 97, Big White - August 2026 Real Estate Report

Highway 97, Big White: What Your Neighbour Hasn't Told You Yet

If you own a place along Highway 97 and you haven't checked your HonestDoor Price lately, now is the time to do it. The market here is moving in two different directions depending on what you own - and the gap between what the city thinks your home is worth and what buyers are actually paying is wider than most people realize.

The Vibe: Houses vs. Condos - Two Very Different Stories

Let's be straight with each other. Houses and condos on Highway 97 are not telling the same story right now.

Houses: The average sale price hit $849,500 this month - that's up 18.6% from last month. That is a big jump. But before we get too excited, listings are sitting at $889,900 on average, and homes are selling at 95.21% of list price. So buyers are still negotiating. Properties are also sitting on the market for an average of 60 days. That said, we are moving faster than Mc Kinley Landing (86 days) and Glenmore Clifton (65 days), which tells us demand here is real.

• Average sale price: $849,500 (up 18.6% from last month)
• Average list price: $889,900
• Price per square foot: $383
• Sale-to-list ratio: 95.21%
• Average days on market: 60
• Predicted market value: $719,860
• Rental yield: 5.30%
• Estimated monthly rent: $3,073

Condos: This is where we need to pump the brakes a little. The average condo sale price dropped to $373,080 - down 13.6% from last month. Only 5 units sold, which is 44.4% fewer than the month before. Prices are softening and volume is shrinking. The condo market is taking a breather. That said, condos here are still moving faster than Glenmore Clifton (52 days vs. 65 days), and our predicted condo value of $457,591 is still above nearby Mc Kinley Landing at $434,910.

• Average sale price: $373,080 (down 13.6% from last month)
• Average list price: $410,250
• Price per square foot: $481
• Sale-to-list ratio: 95.16%
• Average days on market: 52
• Predicted market value: $457,591
• Rental yield: 3.90%
• Estimated monthly rent: $2,423

On the neighbourhood leaderboard, houses rank 15 out of 18 for growth and 12 out of 16 for price in Kelowna. Condos rank 13 out of 17 for growth and 10 out of 14 for price. We are not at the top of the board right now - but we are not at the bottom either, and our days-on-market numbers show buyers are still showing up.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about government assessments - they are a snapshot from the past. By the time that number lands in your mailbox, the market has already moved on. The average HonestDoor Price for Highway 97 right now is $772,544, up 0.31% from the previous period. That is a live, real-world number - not something calculated from sales data that is 12 months old.

If you are a homeowner here and you are making decisions based on your last tax assessment, you are working with a blurry map. The HonestDoor Price is the updated version. It reflects what is actually happening on the street, not what happened last year.

And if you are thinking about renting your place out, the rental estimate of $3,569 per month gives you a real benchmark. Highway 97 also holds the number 1 Airbnb rank in Big White - that is not nothing. At $176 per night in Airbnb potential, short-term rental income is a serious conversation worth having.

The So What: Should You Sell This Summer?

If you own a house on Highway 97, the timing conversation is worth having right now. Prices jumped hard this month, but the 3-month moving average for predicted values is drifting down slightly - from $725,760 to $719,860. That gap is a signal. The recent sale spike may not hold. If you have been sitting on the fence, a strong month like this one is exactly the kind of window sellers look back on and wish they had used.

If you own a condo, the picture is more cautious. Volume dropped, prices dropped, and the market is cooling. That does not mean panic - it means patience or pricing sharp. Buyers are still negotiating hard, and with only 5 sales last month, there is not a lot of comparable data propping up your asking price.

Either way, the first move is simple - check your HonestDoor Price today. Know your real number before you call an agent, before you set a list price, and before you assume the city's assessment has anything useful to say about what your home is worth in this market.

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.