Vernon, British Columbia

Real Estate Market in the City

Market Characteristics

Vernon’s real estate market is characterized by a variety of housing options, competitive pricing, and scenic locations. The market caters to different lifestyles, from single-family homes and condominiums to rural properties and luxury estates.

Property Types Available and Prices

• Single-Family Homes: Prices typically range from $400,000 to $1 million, depending on the size, location, and amenities. Homes with lake views or larger lots tend to be more expensive.
• Townhouses: Prices for townhouses generally range from $300,000 to $600,000. These properties are popular with young families and retirees seeking affordable homeownership.
• Condominiums: Condos are available in various parts of the city, with prices starting around $200,000 and going up to $500,000 for larger or newer units.
• Rural Properties: The surrounding areas offer properties with larger acreages, often used for farming, ranching, or recreational purposes. Prices for these properties can range widely based on size, location, and amenities.
• Luxury Properties: The luxury market includes high-end homes and estates with prices ranging from $1 million to several million dollars.

Attractions and Lifestyles

Vernon offers a variety of attractions and activities:

• Kalamalka Lake Provincial Park: Known for its stunning turquoise waters and outdoor recreation.
• Silver Star Mountain Resort: Offers skiing, snowboarding, and mountain biking.
• Okanagan Science Centre: An interactive science museum suitable for all ages.
• Vernon Farmers Market: A community market offering fresh produce, crafts, and local goods.
• Historic O’Keefe Ranch: A heritage site showcasing the region’s ranching history.
• Vernon Golf and Country Club: An 18-hole golf course with beautiful views.

Living in the City

Living in Vernon offers a high quality of life with access to excellent amenities and services. The city has healthcare facilities, including Vernon Jubilee Hospital, and educational institutions, from primary schools to post-secondary options such as Okanagan College.

Vernon’s economy is supported by key industries such as agriculture, tourism, and small business, providing diverse employment opportunities. The city’s recreational facilities, parks, and natural surroundings offer residents ample opportunities for outdoor activities such as hiking, boating, skiing, and golfing. Vernon’s strong community spirit is evident in its cultural events, festivals, and volunteer organizations.

Summary

Vernon is a vibrant city that offers a unique blend of natural beauty, cultural heritage, and economic opportunity. Its diverse real estate market, stunning landscapes, and abundance of recreational activities make it an attractive place to live and invest. Whether you are seeking a family home, a rural property, or a community rich in outdoor adventure, Vernon has something to offer everyone.