Kelowna Real Estate Market News

There have been two big talking points in Kelowna this month. In Real Estate it is the effect the proposed Speculation Tax may have on Real Estate in Kelowna and West Kelowna.

 

People are also talking about the weather, as we continue to experience snow flurries and a heavy rainstorm just over a week ago that caused landslides and flooding. This has reminded people of the flooding we experienced in the Valley last year and the Cities and Municipalities are working hard to make sure we are not 'caught out' again.


On the plus side, Golf Courses are beginning to Open and most should be open by the end of this week.

 

Update on the Speculation Tax

I attended a Town Hall style meeting in Kelowna during March, where members of the General Public asked questions of a Lawyer, Accountant, Developer and Members of the Lib Dem Party, including their Leader.

 

While the opposition Parties are committed to lobbying against this Tax, in our area, it became very...

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Welcome to my Quail Ridge / University District Real Estate Market Report for 2017.


This report is designed to give current Owners, Buyers, Sellers, and Investors an insight into how the University District Real Estate Market has performed, here in Kelowna, in the last 12 months, and what you may expect in the coming year.


Quail Ridge / University District Real Estate Sales Numbers 2017


 


Date


Total

Single Family Homes


Condos


Townhomes


Lots

  2017 117 15 68  32 2
  2016 121 40 54 22 5
  2015 84 49 49  9 2

 

Overall sales numbers were similar to last year, but there was a significant difference in what types of properties sold.

 

Single Family Homes

 

There was a 62% fall in Single Family Homes sales numbers, in Quail Ridge, in 2017.

 

 

Looking at the levels of inventory on the graphic above, inventory numbers were far better than 2016, so it was not a lack of inventory. It appears to have been more to...

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