With a number of new condo buildings built in Kelowna's Rutland area between 2005-2008 (Legacy, Ashburry, Hollywood Station, Ziprick Place, Artisan, Barber Terrace), Rutland was one of the areas hardest hit by condo oversupply during the market downturn years of 2008-2012. It's taken a number of years for the abundant condo inventory and leftover new condo units to be absorbed, but it is great to see that we are now seeing a shortage of condo inventory in areas throughout Kelowna, including Rutland.
Example: As of October 21, 2015, there are just 4 active MLS listings in the Rutland area of 2 bed, 2 bath condos built later than 2005. This was previously one of the most oversupplied property categories in the area.
We have recently sold these Rutland condos quickly and for pace-setting sale prices. Contact us if you have a Kelowna property that you would like to sell.
Ashburry - 1110-325 McIntosh Road LISTING INFO
Hollywood Station - 311-250 Hollywood Road LISTING INFO