South Boucherie, West Kelowna - October 2026 Real Estate Report
South Boucherie, West Kelowna: Your Neighbour Just Got a Surprise on Their Assessment
If you own a home in South Boucherie and you haven't checked your actual market value lately, you're probably leaving real money on the table - or worse, making decisions based on a number the city set months ago. Here's what's actually happening on our streets right now.
The Vibe: Houses vs. Condos
Houses - Fast Off the Market, But Watch the Trend
We're seeing houses move quickly here. The average days on market is just 16 days, which ranks 2nd out of 13 comparable neighbourhoods in West Kelowna. That's fast. When a house hits the MLS in South Boucherie, it doesn't sit.
The average sale price for houses came in at $1,083,950 this month, up 0.8% from last month. Listings are averaging $1,122,000, and homes are selling at 97.15% of list price. Buyers are getting a small discount, but not a big one. Price per square foot sits at $365, and we rank 4th out of 13 neighbourhoods on price - solidly above average.
- Average sale price (houses): $1,083,950
- Average list price: $1,122,000
- Sale-to-list ratio: 97.15%
- Price per sq ft: $365
- Average days on market: 16
- Properties sold this month: 2
- Estimated rent: $5,638 per month
- Rental yield: 4.19%
One honest flag: growth ranks 12th out of 14 neighbourhoods on the leaderboard. Values have dipped 0.80% recently, and the predicted market value of $1,568,804 is just slightly below the 3-month moving average of $1,569,991. The market isn't falling off a cliff - it's just taking a breather. But it's worth paying attention to.
Condos - A Wild Month, But Read It Carefully
The condo numbers look dramatic at first glance. Average sale price jumped 43.9% from last month to $729,700. Before you get too excited, only 1 condo sold this month. One sale can swing percentages wildly. Don't read too much into that spike.
What we can say is that condos here are sitting longer - 81 days on average - and selling at 94.89% of list price. Buyers have more room to negotiate on condos than on houses. Price per square foot is $537, and we rank 2nd out of 4 comparable condo neighbourhoods on price.
- Average sale price (condos): $729,700
- Average list price: $769,000
- Sale-to-list ratio: 94.89%
- Price per sq ft: $537
- Average days on market: 81
- Properties sold this month: 1
- Estimated rent: $3,214 per month
- Rental yield: 3.48%
On the neighbourhood leaderboard, condo growth ranks 6th out of 13 - above average. Values have nudged up 0.22% recently. Not explosive, but at least it's pointing in the right direction.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here's the thing most South Boucherie homeowners don't realize. The city's assessed value is a snapshot from months ago. It doesn't care what happened to the market last week or last month. It's a static number used for tax purposes - not for making real financial decisions.
For houses here, the average assessed value is $1,451,050. The average HonestDoor Price is $1,539,803. That's a gap of over $88,000 - or 6.12% higher than what the assessment says. If you're a homeowner thinking about refinancing, selling, or just understanding your net worth, using the assessed value alone means you're working with an incomplete picture.
For condos, the story flips. The average assessed value is $758,473, but the HonestDoor Price is $678,226 - about 10.58% lower. That gap matters. If you're a condo owner assuming your place is worth what the city says, the real-world market is telling a different story right now.
The HonestDoor Price updates in real time using actual transaction data. It's the number you want in your back pocket before you make any move.
The So What: Thinking About Selling This Summer?
If you own a house in South Boucherie and you've been on the fence about listing, the window is real but it's not wide open forever. Houses are selling fast - 16 days on market is genuinely strong. Buyers are still paying close to list price. But values have softened slightly and growth sits near the bottom of the local leaderboard. Waiting another six months hoping for a big jump may not pay off.
If you own a condo, be realistic about your timeline. Eighty-one days on market means you need to price it right from day one. The HonestDoor Price for condos is running below the city assessment, so if you price based on what the city told you, you may sit and wonder why nobody's calling.
South Boucherie still holds its own against nearby neighbourhoods. Lakeview Heights houses are averaging $1,250,481 and Boucherie Centre is at $805,123. We're priced higher, and for good reason - but that also means buyers have options if we overprice.
Bottom line: pull your HonestDoor Price today. It takes 30 seconds and it gives you the real number - not the government's best guess from last year. If you're selling this summer, that number is your starting point for every conversation with your agent.
south boucherie | 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.