Kelowna Foreclosure Best Buys
There were 75 foreclosure sales in Kelowna for the years 2004 through
2008. No news there really unless you were personally involved but
what has to be an alarming statistic is that there have been 77 already
this year and we're still in the 2nd quarter.
The foreclosure
sales numbers for 2008, 2009 and 2010 were11, 82 and 135 respectively so
there's clearly an upward trend despite rock bottom interest rates, a
reasonably OK economy, new university and large scale infrastructure
projects. Currently with 105 foreclosures on the market right now, a
buyer has many options including 22 properties priced under $200,000 and
7 over $1 million.
The 22 listing priced under $200,000 are mostly condominiums but feel free to browse
HERE