Welcome my latest market performance report for Real Estate in Quail Ridge & the University District of Kelowna from January to June 2022, based on MLS® listings & sales.
Quail Ridge / University District Real Estate
January 1, 2022, to June 30, 2022.
Summary for 6 Months January to June 2022 compared to 2021.
- Total MLS® Sales are down 42%.
- 52% decrease in Single Family Homes sales.
- 34% decrease in Condo sales.
- 59% decrease in Townhome Sales.
Homes - sales range $850,180- $1,675,000.
Town Home - sales range $575,000 - $970,000
Condos - sales range $300,000 - $645,000.
Single Family Homes
The year started with 3 Single-Family home listings and currently stands at 14 listings.
The current price range is $939,500 to $2,050,000.
Inventory has started to rise since the market hit its peak in March 2022. There were 7 sales between January and March 2022 and 5 sales between April and June. 2022.
Delving deeper into the numbers,...