Kelowna Real Estate Market News

For those of you who have not read one of my Quail Ridge / University Real Estate Blogs before, my name is Trish Cenci, and I am a Real Estate Agent in Kelowna, who specializes in buying and selling Real Estate in the Quail Ridge and University District of Kelowna.


This post is my annual report on what has happened in this area of the Market during the last year and some of my predictions for 2019.

Total Quail Ridge / University District Real Estate Sales for 2018

After 2 'banner' years of Real Estate Sales in the Kelowna area, there was a 36% fall in Quail Ridge / University MLS® Residential Real Estate sales in 2018.


Interestingly, sales of Single-Family Homes increased, but Condo sales fell 29% and Townhomes a whopping 93%!


Single Family Homes


Of the 24 sales in the Quail Ridge / University area, 17 were under $800,000, which represented great value, compared to some other areas of the City and contributed to the areas increase in sales numbers.


We continued to see a shift...

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Welcome to my Quail Ridge / University District Real Estate Half Year Market Report for 2018.


This report is designed to give current Owners, Buyers, Sellers, and Investors an insight into how the Quail Ridge & University District Real Estate Market has performed, here in Kelowna, during the first 6 months of 2018, and my forecast for the remainder of the year.


Quail Ridge / University District

Real Estate Sales January 1, 2018 to June 30, 2018.


 


Date


Total

Single Family Homes


Condos


Townhomes


Lots

 

Jan-Jun

2018

38 17 20 1 0
 

Jan-Jun

2017

62 7 37 17 1
  Jan-Jun 2016 70 28 29  8 5


Overall sales numbers have fallen by 39% compared to this time last year. Interestingly there is a 143% increase in sales of Single Family Homes, but the usual 'Spring Market' for Condos has not materialised with a 46% fall in sales. Both the Quail Ridge and Academy Way area were affected.


The biggest drop off has been in sales of Town Homes. This largely involves Town Homes...

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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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I have listed a new property at 1307 1875 Country Club Drive in Kelowna.
Exclusively listed for Sale.
One Bedroom One Bathroom 3rd Floor Condo.
Square Footage - 820 Square Feet
Kitchen - Breakfast Bar, Granite Counters, Black Appliances & Maple Cabinets.
Living Room - Wall to Wall Carpet, Electric Fireplace & access to Deck
Parking - One Secure Underground Stall
Additional Parking - Street Parking Available on Country Club Drive
Storage - Some Storage In Unit / Bike Storage available in Parkade
Roof - Tile
Amenities Pool, Hot Tub Meeting Room and Exercise Room
View - Faces South and West
Furniture Package - available at extra cost
Storeys in Building - 4
Construction - Timber Frame
Built - 2008
Heating / Cooling - Heat Pump / Central Air - Electric.
Strata Fees $309.65
Strata Fees Include - CareTaker, Contingency Reserve, Insurance, Landscaping, Management, Recreational Facilities, Road Maintenance, Sewer, Snow Removal, Trash Removal, Water
BBQ's Allowed.
Rentals - Allowed - short...
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