We are now 3/4 of the way through the year, so it's time for my Q3 2019 report on the Quail Ridge & UBCO Kelowna Real Estate Market.
Single Family Homes
|Av Sold P.M||1.5||2.2||2|
|% Chance Selling||8.8%||12.9%||11.8%|
* Figures for Single Family Homes and Bare Land Strata Properties.
Current Price Range for Sale $599,900 - $1,699,000
Average Days on Market 2018 - 36 Days 2019 - 88 Days
We have just started to see homes being listed under the $600,000 mark again, and homes which are listed below the assessed value, a sign that prices have continued to soften.
Sales in the last 90 days have been between $640,000 & $1,009,000, with evidence of Sellers having to adjust their list pricing to the current market conditions and being prepared to negotiate.
At the time of writing, I am aware of 3 homes that are...