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Smith McLellan Group Kelowna BC Real Estate

Kelowna Real Estate updates, Kelowna Market Updates, New Kelowna Projects

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Axel Merckx Speaks at UBCO breakfast
The morning alarm sounded at 5:30 today so I could get to the UBC-Okanagan Athletic breakfast fundraiser. The speaker they brought in was Axel Merckx who's simple but profound message about cycling was just to get on your bicycle, no matter what age 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...
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...
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...
Federal Budget Tax Relief
There are currently 1,851 houses for sale in Kelowna and 1,595 condominiums which is interesting statistic. When Jo-Ann and I moved here in 1996 condominiums represented less than 10% of the market and now we may soon see a time when there are more condos 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...
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...