Rutland has to be the most undervalued and most under appreciated part of Kelowna and I've never understood why. It's centrally located close to shopping, transportation, hockey rinks and a completely refurbished Kelowna Family YMCA. Crime is low (check for yourself...it really is) and people do as good or better job of taking care of their yards than anyone else in town. I don't have employment statistics but driveways are empty during the day as everyone seems to have a job.
Parts of Rutland might be seem a little sketchy looking especially if the only part of it you see is Rutland Rd. south before heading to Big White Ski Resort. If you get off the beaten path, even just a little, there are plenty parks, golf courses and nice homes on safe streets.
There are 66 residential homes for sale right now in Rutland South and there have been 67 sales this year. The average sale price of a home in RS is 351,000 and it goes up to $367,000 with a suite. This begs the question....Is it worth installing a suite in your basement if it will add $16,000 to the value of your home? In other years, the average sale price of Rutland homes with suites are as follows... 2010 $387,000, 2009 $375,000, 2008 $432,000, 2007 $373,000. The trend here is similar to everywhere else in the city with 2008 being the height of the market. Rutland house values always seem to mirror Canadian house values for some reason.
Questions?? Andy and Jo-Ann are happy to answer any questions you may have about real estate in Kelowna. Please call us at 250-979-8066
Andrew Smith twitter.com/smithap01
Or view Rutland listings here
Living in Kelowna,
Andrew Smith and Jo Ann McLellan
Smith McLellan Group
Royal LePage Kelowna
250-979-8066 or Toll Free 1-800-330-5883
Follow me on Twitter @smithap01