Welcome to my 1/2 year report on the Quail Ridge & UBCO Kelowna Real Estate Market.
Single Family Homes
|Av Sold P.M||1.7||1.7||2.7|
|% 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...