Kelowna real estate news - downtown condos are selling quickly!
If you’ve been following the Kelowna real estate market over recent months and years, it will come as no surprise to you to hear that Kelowna condos are hot property.
And while the Kelowna market has softened somewhat in the last few months, demand for downtown Kelowna condos appears to remain very healthy, as sales at new developments, Ella and One Water Street, show.
This fall has seen sales start at the Mission Group’s Ella development (at the corner of Ellis and Lawrence downtown) and One Water Street - developed by North American Development Group (NADG) and Kerkhoff Construction - in Kelowna’s north end, close to Waterscapes.
Are you ready for the stats?
In just three days - the same three days no less - 72 percent of the 222 units in One sold, while 70 percent of 116 units in Ella sold
Buyers came from as far away as Toronto, with the bulk being from the Okanagan and the Lower Mainland. This seemingly strong demand is very good news as there are a lot of condos slated to hit the Kelowna real estate market over the next one to two years.
Did you know?
There is even a website dedicated to just Condos and Condo Buildings in the Okanagan! check out the website HERE.
Whether you’re looking to buy, sell or invest in Kelowna condos, or Kelowna real estate generally, we can help you! Please contact us today. We’re always happy to answer questions about the local real estate market - don’t be shy!