tables
mission meadows
The average and median results for Mission Meadows are almost identical because there were only 24 sales in the year, about 2 per month. This means that the average of the two numbers should fall right in between them, which is where the median should be. The average list price for 2019 is $393,131, about $20,000 below the average list price for Kelowna apartments. This is interesting because the average sale price is almost $20,000 higher than the Kelowna average. The lowest list price for units sold in 2019 is $265,000 while the highest is $464,000. This shows that there are options in Mission Meadows that fit almost any budget!
Mission Meadows boasts a very high list to sale ratio, sitting at an average for 2019 of 97.7% with a couple of sellers getting 100% of their asking price! All of them received over 95% of their list price, except for one who sold for 94%.
Sellers of Mission Meadows apartments enjoyed a very low inventory for most of 2019. For the most part the demand exceeded the supply. We see a surge of listings in December pushing the inventory to 8 months, this means it should take around 8 months to sell all of the active listings from December.
Again, the median and average statistics are nearly identical. The median sale price for Kelowna, however, is much lower than the average price for Kelowna. This results in the median price for Mission Meadows being exactly $60,000 higher than the Kelowna median price! The average sale price in 2019 is $385,745, almost $20,000 higher than the Kelowna average for apartments! There is some price fluctuation based on unit size and condition. The lowest sale price was $262,500 for a 1 bedroom 1 bathroom unit that is 425 sqft. The highest price was $450,000 for a 3 bedroom 2 bathroom unit at 1508 sqft.
With no new listings in February and no sales in September, there is a gap in the data. On average, there were 2 sales and 3 new listings per month in 2019.
Mission Meadows apartments generally sold faster than the Kelowna average in 2019. Of the 24 sales in 2019, the fastest selling listings took just 15 days to sell! The listing that took the longest to sell took 116 days. The average for the year is 43 days, 23 days below the Kelowna average. There is a gap in the data for September because there were no sales in that month.
The average and median results for Mission Meadows are almost identical because there were only 24 sales in the year, about 2 per month. This means that the average of the two numbers should fall right in between them, which is where the median should be. The average list price for 2019 is $393,131, about $20,000 below the average list price for Kelowna apartments. This is interesting because the average sale price is almost $20,000 higher than the Kelowna average. The lowest list price for units sold in 2019 is $265,000 while the highest is $464,000. This shows that there are options in Mission Meadows that fit almost any budget!
Again, the median and average statistics are nearly identical. The median sale price for Kelowna, however, is much lower than the average price for Kelowna. This results in the median price for Mission Meadows being exactly $60,000 higher than the Kelowna median price! The average sale price in 2019 is $385,745, almost $20,000 higher than the Kelowna average for apartments! There is some price fluctuation based on unit size and condition. The lowest sale price was $262,500 for a 1 bedroom 1 bathroom unit that is 425 sqft. The highest price was $450,000 for a 3 bedroom 2 bathroom unit at 1508 sqft.
Mission Meadows apartments generally sold faster than the Kelowna average in 2019. Of the 24 sales in 2019, the fastest selling listings took just 15 days to sell! The listing that took the longest to sell took 116 days. The average for the year is 43 days, 23 days below the Kelowna average. There is a gap in the data for September because there were no sales in that month.
Sellers of Mission Meadows apartments enjoyed a very low inventory for most of 2019. For the most part the demand exceeded the supply. We see a surge of listings in December pushing the inventory to 8 months, this means it should take around 8 months to sell all of the active listings from December.
Mission Meadows boasts a very high list to sale ratio, sitting at an average for 2019 of 97.7% with a couple of sellers getting 100% of their asking price! All of them received over 95% of their list price, except for one who sold for 94%.
With no new listings in February and no sales in September, there is a gap in the data. On average, there were 2 sales and 3 new listings per month in 2019.