Kelowna Real Estate Market News

Welcome to my 1/2 year report on the Quail Ridge & UBCO Kelowna Real Estate Market.

Single Family Homes



12

  Months

6

Months

3

Months   

Sales        20 20 8
Av Sold P.M    1.7 1.7 2.7
Current Listings   20 20 20
Months Supply   12 12 7.4
% Chance Selling   20.8% 16.9% 19%


Current Listing Price Range for Sale   $649,900 - $1,699,000

Average Days on Market  2018 - 43 Days 2019 -114 Days


The Mortgage Stress Tests continues to have a bearing on Home Sales in the Quail Ridge area. Some Buyers worked around this by buying Homes with suites.


With Quail Ridge being close to UBCO and a winter transit service available, the extra income from rentals provided some welcome income support to Quail home buyers.


Current listings & recent sales show most of the homes have no suites, which is likely to have been a factor in homes taking 2 1/2 times longer to sell.


At my Quail Ridge Open Houses, people have certainly...

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