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.
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...