Kelowna Real Estate Market News

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.

Sales Numbers



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,...

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Here is my latest market performance report for Real Estate in Quail Ridge & the University District of Kelowna during January to March 2022,  based on MLS® listings & sales, together with my analysis of what to look out for in the coming months.


Quail Ridge / University District Real Estate

January 1, 2022, to March 31, 2022.

Sales Numbers



Summary for 3 Months January to March 2022 compared to 2021.


- Total MLS® Sales are down 2%.

- 22% decrease in Single Family Homes sales.

- 6% decrease in Condos sales.

- 71% decrease in Townhome Sales. 


Homes - sales range $948,000 - $1,675,000.


Town Home - sales range $624,900 - $935,000


Condos - sales range $330,000 - $620,000.

Single Family Homes


Listings are traditionally quite low at this time of year in the Quail Ridge / UBCO area, as traditionally Sellers tend to put their homes on the market in Spring & Summer. 


There have been some homes on the market this fall and winter, and there are currently...

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This report details the market performance of Real Estate in Quail Ridge & the University District of Kelowna during the last 12 months, based on MLS® listings & sales.


There are details for each sector i..e. Single Family Homes, Condos & Townhomes together with my forecast for 2022.



Quail Ridge / University District Real Estate

January 1, 2021, to December 31, 2021.

Sales Numbers


 


Date


Total

Single Family Homes


Condos


Townhomes


Lots

 

Jan-Dec

2021


223


48


136


36


3

 

Jan-Dec

2020


99


34


43


22


0

  Jan-Dec 2019


82


23


46

 

13


0


Summary for 12 Months January to December 2021 compared to 2020.

- Total MLS® Sales up 125%.

- 41.2% increase Single Family Homes sales.

- 216% rise in Condos sales.

- 63.6%% increase in Townhome Sales. 


Homes - sales numbers were up & ranged between $850,000 & $1.749m last year.


Town Home - there were very few townhomes for sale in Quail Ridge last year, so the numbers were dominated by sales in the Academy...

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This report details the market performance of Real Estate in Quail Ridge & the University District of Kelowna during the last 12 months, based on MLS® listings & sales.


There are details for each sector i..e. Single Family Homes, Condos & Townhomes together with my forecast for 2021.



Quail Ridge / University District Real Estate

January 1, 2020, to December 31, 2020.

Sales Numbers


 


Date


Total

Single Family Homes


Condos


Townhomes


Lots

 

Jan-Dec

2020


99


34


43


22


0

 

Jan-Dec

2019


82


23


46


13


0

  Jan-Dec 2018


76


26


47

 

2


1


Highlight Summary for 12 Months Jan - Dec 2020 compared to 2019.

- Total MLS® Sales up 20.7%.

- 47.8% increase Single Family Homes sales.

- 6.5% fall in Condos sales.

- 69% increase in Townhome Sales. 


Homes - we saw sales in all price ranges, and numbers were bolstered as we started to see some re-sales in University Heights.


Town Home - sales in the new Academy Ridge Town Home complex resulted in a significant rise...

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This report details the market performance of Real Estate in Quail Ridge & the University District during the last 6 months, based on MLS® listings & sales.


There are details for each sector i..e. Single Family Homes, Condos & Townhomes together with my forecast for the remainder of 2020.



Quail Ridge / University District Real Estate

January 1, 2020, to June 30, 2020.

Sales Numbers


 


Date


Total

Single Family Homes


Condos


Townhomes


Lots

 

Jan-Jun

2020


35


9


15


11


0

 

Jan-Jun

2019


40


10


24


6


0

  Jan-Jun 2018


38


17


20

 

1


0


Highlight Summary for 6 Months Jan - Jun 2020 compared to 2019.

- Total MLS® Sales down 12.5%.

- 10% fall in Single Family Homes sales.

- 37.5% fall in Condos sales.

- 83% increase in Townhome Sales. 


Homes - under $750,000 overall had a good level of viewing activity and sold fairly quickly.


Town Home - several sales in Bella Sera, and the launch of the new Academy Ridge Town Home complex resulted in a significant rise...

Read full post

This report details the market performance of Real Estate in Quail Ridge & the University District during the last 12 months, based on MLS® listings & sales.


You will find details of each sector i..e. Single Family Homes, Condos & Townhomes together with my forecast for 2020.



Quail Ridge / University District Real Estate

January 1, 2019, to December 31, 2019.


 


Date


Total

Single Family Homes


Condos


Townhomes


Lots

 

Jan-Dec

2019


82


23


46


13


0

 

Jan-Dec

2018


76


26


47


2


1

  Jan-Dec 2017


117


15


68

 

32


2


Highlight Summary

- Total MLS® Sales up 7.9%.

- 1.5% fall in Single Family Homes sales.

- 2.1% fall in Condos sales.

- 650% increase in Townhome Sales. 


Homes - continued to be affected by the Mortgage Stress Test, and homes, (typically under $800,000) with suites or the potential for suites generally sold more easily than those without.


Town Home - numbers were boosted by an increase in sales in Bella Sera & there were 2 Sales in Fairway...

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