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Kelowna Real Estate Market Update--October 2011
Over-all , there has been 171 residential sales this September in the Kelowna Real Estate market with an average residence selling for $537,000 . September of 2010 witnessed 139 sales with the common sale amount of $510,000. Glad to see the total number Read More...
Downtown Kelowna's Best Kept Secret Shhhh!
Downtown Kelowna has changed so much in the past 15 years I have lived here..... and mostly for the better. I can not think of a nicer run than along Kelowna's downtown waterfront. Start at City Park along the lake, past the yatch club, along the Read More...
March 2010....Kelowna's Middle Class Getting Its Swagger Back
With the month of February safely in the rear view mirror we can collectively breathe a little easier with two reasonably good months in the books. The average sale price last month for residential houses was $462,500 which is up from $433,900 recorded Read More...
Phew! Glad To Hear This Recession Everyone Talking About Is Finally Over
Time to take a moment or two and look at condominiums and how they have been selling this year. In most areas of the country condominiums are sold to either first time buyers or last time buyers. Here in Kelowna we also sell to Albertans and children Read More...
April Will Outpace March
There are currently 2080 residential houses for sale in Kelowna ranging in price from a low of $199,000 up to a high of $18,000,000. If you own a high end luxury home in the Central Okanagan you might want to sit down for the rest of this. Out of the Read More...
Kelowna Residential Prices Inching Upwards
There are currently 1,954 residential homes for sale in Kelowna ranging in price from $219,900 for a 2 bedroom, 2 bathroom 1,100 square foot home on Laurel in Rutland up to an asking price of $18,000,000. There are just over 400 homes available in the Read More...
Kelowna Housing Market Improved In February in both unit sales and prices
So far this year, through the first two months, there have been 144 residential home sales at an average sale price of $429,988. January saw 54 residential transactions with an average sale price of $420,000 while February saw 90 homes sell at an average Read More...
Kelowna Spring Market Can Start Anytime Now....We’re All Ready
Here’s a quick snapshot of today’s housing market. Fresh off the presses. Number of Residential Single family listings 1,878 Number of Condos for sale 1,671 The number of condominiums for sale has NEVER exceeded the number of residential houses Read More...
The Kelowna Spring Market Can Start Anytime Now....We’re All Ready
Here’s a quick snapshot of today’s housing market. Fresh off the presses. Number of Residential Single family listings 1,878 Number of Condos for sale 1,671 The number of condominiums for sale has NEVER exceeded the number of residential houses Read More...
Smith McLellan Visiting Alberta To Discuss Real Estate
Jo-Ann is on her way to Edmonton this week and next for Western Canadian Swimming Championships. Let us know if you would like to get together to discuss the Kelowna real estate market in greater detail. Her direct phone number is 250 979 8835. The Kelowna Read More...
Where Have The Calgary Buyers Gone??
Royal LePage Kelowna has a 35% market share with over 200 full time real estate agents and the number of buyers moving from Calgary totalled 29 for the entire year. 29 Calgary buyers would have been a slow month in 2007-2008 but Albertans have clearly Read More...
Is it time to buy or to wait??
There are currently 1,765 residential homes for sale in Kelowna. This is more inventory than we are able to sustain with only 72 sales in December but December is traditionally the slowest month of any year in real estate. There were 141 sales December Read More...
A Tale of Two Income Brackets.
Through the first 10 months this year there have been 1,822 residential in Kelowna with 1,055 homes selling under $500,000 and only 767 selling over $500,000. This isn’t an unusual statistic but what is making most people sit up straight and take Read More...
Where are we now?? Kelowna Market
Does anyone else remember the fanfare a year ago when the average price of a home in Canada rose above $300,000 for the first time? The Canada Mortgage and Housing Corp. were heralding the good times and all the lines on all the graphs were pointing up Read More...
Kelowna Housing Data Third Quarter 2008
The average sale price of a residential home in the Kelowna area (Oyama to Peachland) remained steady at $464,000 for the third quarter compared to $465,000 for the same quarter in 2007. The number of actual homes selling during this period has dropped Read More...