Serious About Selling?Why Asking Price Matters

Through the first nine months of 2026, 242 homes over $1.5 million sold in the Central Okanagan, against 236 a year earlier.

Then the third quarter moved. Sales rose 8%, the median reached $1,995,000, and five homes sold above $5 million.

Supply didn't. Asking prices still sit 17% above what buyers are actually paying, and that gap is where sellers win or lose.

What's in the report

• Every $1.5M+ detached sale from January to September 2026, measured against the same period in 2025
• A dedicated look at the third quarter, including the strongest top-end quarter of the year
• The gap between asking and achieved prices, broken out by price band
• Months of supply across twelve neighbourhoods, from under 3 months to more than 39
• How long homes actually took to sell, and what they closed at against list price
• Why the numbers matter if you're considering selling, and if you're considering buying

Keegan Cawley, REALTOR®

Sotheby's International Realty Canada

After twenty years in B2B and healthcare capital sales with Stryker and Baxter, I bring sales expertise and knowledge together with my passion for Real Estate to offer unique insights to my clients. I build these reports because the headline numbers most people see hide more than they show.

250.215.4476  |  keegan.cawley@sothebysrealty.ca

Get the report