Kelowna MLS Listings TOP 1000!!!!

MLS listing count in the Kelowna topped 1,000 recently ...............and the current total reads 1,057 residential homes for sale in all price ranges.  Let’s take a look how it breaks down…   512 priced under $800,000, 545 priced over $800,000. 48 priced under...

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RU7 Infill Housing as Kelowna Grows and Grows

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Kelowna Real Estate Coupon Oct2016

[coupon couponid="14874" coupon_align="cctor_aligncenter" name="Kelowna Real Estate $500.00 Off Oct2016"] Now Enjoy a Big Discount By Availing "Sell Your Home Coupon" If you are planning to sell your house, then you must be looking for a dynamic and proficient realtor...

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Kelowna October Real Estate Market

Welcome to Kelowna October Real Estate   There were 437 residential homes listed for sale in September which is a reasonably high number even when compared to the 456 listed for sale December 2015.  Our industry loves consistency. 1021 Homes Available For Sale In...

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Kelowna Market Tightening As Year Winds Down

The Kelowna market continues to tighten in the lower end with only 290 homes priced for sale under $600,000.  And yes, we’re now counting a $600,000 home in the lower end of the housing spectrum.  There have been 532 sales under $600,000 over the past 90 days meaning...

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Rio Olympics 2016…Back Home In Kelowna

  Last non real estate blog for a while. Promise….and this time I mean it.  Still a few days to go in August and we’ve generated 300 residential real estate sales in all areas of Kelowna with an average selling price of $682,000.  August of 2015 was considered a...

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Kelowna Housing Prices July 2016

Kelowna Housing Prices on the Rise   A sign of a healthy economy is that there are only six residential foreclosures in Kelowna right now.  There used to be 180 so this is a pretty good sign that things are going well here.  The number of affordable homes for...

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Kelowna BC Volume of Homes Sold Continues

  Will The Volume of Homes Sold Continue During the Second Half of 2016? Yes! The 2nd half numbers for Kelowna’s real estate market, in any year, are pretty easy to predict just by looking at the first half’s numbers.  That was easy.  Now go back to what you were...

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How To Buy A House In Kelowna

Save. Then save some more. There are 1,114 residential freehold homes for sale in Kelowna. Pretty big number I suppose if you’re thinking of buying a home in our town but once you look things a little closer you might break out into cold sweat when you this number...

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Kelowna Housing Market Tightening

There are only 1,077 freehold residential homes for sale in the Central Okanagan in all price ranges right now which isn’t a lot especially as we approach the Spring market. What’s a little worrisome is that there are only 300 priced under $500,000 and only 130 priced...

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North Glenmore Housing Market Is Rocking

  Let’s take a quick look at North Glenmore (NG) today. Just for fun….no hidden agenda. North Glenmore is a beautiful residential community about a 5-10 minute drive to the highway, city hall and orchard park mall. There are two elementary schools and a middle...

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Third Quarter…Kelowna Housing Update

With the third quarter signed, sealed and in the books 2015 is shaping up to be a near mirror image of 2014 in residential real estate here in Kelowna. Through the first nine months, the average sale price for residential homes has been $546,000 which is identical to...

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Get Your Home Ready To Sell This Fall

Most people don't have the luxury of thinking about the season when it comes time to put their home on the market. However, each season the real estate market operates a bit differently, and there are certain things that you must do when listing your home in the...

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Shrugging Off Outside Influences

  At least we’re not talking about the Chinese stock market anymore. When outside influences that we have no control over become part of a Kelowna real estate negotiation, well, it just isn’t good. As an agricultural based economy there was a time when the price...

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Summer Round Up For Kelowna Home Sales

Welcome back to my brief overview of the Kelowna housing market….I didn’t round any numbers up or down this time in hopes of making it look that much more credible.  Comments welcome.   There were a few days last month when it seemed we were all worrying about...

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Housing Market

Kelowna Housing Market For July When I have a difficult time finding something to write about it usually means things are running along as they should and nothing stands out. The numbers most real estate people follow are the number of current listings to make certain...

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Buying A House in Kelowna

Demand for new homes in Kelowna will be supported through modest employment and population growth, in addition to continued low mortgage rates. This economic foundation will encourage elevated levels of housing starts in 2015 before dipping modestly next year. 2014...

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Low Interest Rates Make The Market Rock

  Kelowna Housing Market Interest Rates So Low Your Grand Children Will Not Believe You The first month of 2015 has passed and the results are in some are very similar to January 2014 https://www.youtube.com/watch?v=hsRDGQxlodk The feeling is that we are on the...

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How To Find Homes Priced $300,000 to $400,000

The Kelowna Homes in this price range is a very fast moving market with many first time home buyers hoping to buy. In a quick moving market it is important to be knowledgeable about the houses in this price range and work with a good mortgage broker and a good Realtor...

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2015 Predictions for Kelowna Real Estate

Operation Fresh Beginnings. If you were unsuccessful trying to sell your home last year perhaps market conditions will be your friend and the situation will improve this year. Or perhaps not. The reverse could be true and you might be wishing that you could resurrect...

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December Events

The holidays make Kelowna a welcoming place for both couples and families, because there's so many activity options for both young and old. Whether you want to see Santa, spend a few hours Christmas shopping, or head out on the ice, we've got a list of 10 things you...

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Okanagan Wine Festival

   The arrival of October in the Okanagan Valley means many things to its residents and visitors. The month brings crisp fall temperatures, hot apple cider, colorful gourds, pumpkins, and of course, Halloween. However, another event that's worth mentioning in...

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Kelowna Summer Things To Do

  Kelowna Top 10 Things To Do Kelowna, British Columbia is a popular destination for tourists in Canada, but also offers numerous things for residents as well. If you haven't explored your Kelowna backyard,you still have time to start before summer shifts into fall,...

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116-1986 Bowes St Kelowna V1Y 3C3

116-1986 Bowes Street OPEN HOUSE Nov 9th Sunday 11-1pm Asking $530,000 Immaculate and gleaming. Looks like a show home. Beautiful hardwood floors, bright tall windows, open concept, fabulous kitchen with island. Spacious master bedroom with walk in closet  and a...

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Kelowna First Time Home Buyers

Kelowna First Time Buyers made up 27% of the market in February and home ownership is one of the greatest dreams a young professional or family can have.  The thought of having your own place that you can customize to your heart's content is appealing, and many...

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Buying My First Home In Kelowna BC

In 2012 my husband and I made the hard decision to relocate our young son and ourselves to the Canadian city of Kelowna. We wanted to raise our family in the beautiful B.C environment with the mountain backdrop. However making the move to B.C wasn't exactly easy for...

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November Real Estate Update

I realize I'm a day early here and we still have 23 hours left to sell houses this month but I wanted to get a head start getting October stats out before everyone else in this industry....to heck with accuracy this month. October was an odd month. The average price...

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Lakeview Heights Update

As of right now there are 154 residential homes for sale, not including lakefront and not including homes on native land. There have been 78 sales so far in 9 months. This means there is approx a 17 month supply of homes on the market. (this number is a crude estimate...

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Rutland Homes With Suites

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...

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347-1088 Sunset (Discovery Bay)

Fabulous Resort Style Living With Beach • 1" 083 sq. ft. 2 bath 2 bdrm single story – MLS®$349 000 – LIFE IS A BEACH! Kelowna North Kelowna – Well thought out floor plan in fabulous discovery bay. Spacious 2 bedroom unit with bedrooms / bathrooms on opposite end of...

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20 open houses in South Pandosy Today 12-4

If you are in the South Pandosy neighbourhood today" drop by 415 Wardlaw for a community open house featuring 20 open houses and 12 businesses. Take a walking tour of the area and visit Lakeview Market Freshair Cycle Kelowna Cycle SOPA square Marmalade Cat Cafe and...

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Kelowna Townhouse Market

Let's take a moment and focus on the resiliency of the Kelowna townhouse market over the past decade before looking at the rest of the market. So far this year, there have been 213 townhouse sales in the Kelowna trading area with an average sale price of $336,000....

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168 Sales in October

The Kelowna residential housing market encountered what statisticians might call a “blip” last month. There were 168 residential sales which was better than most anticipated after 3 consecutive slow months but 14 of those sales were over $1 million" 3 were over $3...

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2 Story For Sale in Glenmore

2 Story For Sale in Glenmore SOLD Best Priced Townhouse in Glenmore • 1,400 sq. ft., 2 bath, 2 bdrm 2 story - $189,000 - PRICE REDUCED!!!!! Glenmore, Kelowna - Spacious 2 bedroom/ 2 bath plus Den/Familyroom located close to downtown in Glenmore Familyroom could be...

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2 Story For Sale in Glenmore

2 Story For Sale in Glenmore SOLD Best Priced Townhouse in Glenmore • 1" 400 sq. ft. 2 bath 2 bdrm 2 story – $189 000 – PRICE REDUCED!!!!! Glenmore Kelowna – Spacious 2 bedroom/ 2 bath plus Den/Familyroom located close to downtown in Glenmore Familyroom could be used...

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June Kelowna Market Report

 Where to begin this month.... There are 2,171 single family homes on the market right now and there were 193 sales in May. This means there is over 11 months of inventory on the market right now making this a buyers' market. No news here as this has been the case...

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Rookie Realtor Error

Listed a nice property in Sandpointe, a 55+ gated community up in Glenmore for $559,000. Completely updated and shows a perfect 10/10. 141-595 Yates....It will be on MLS and website tomorrow. Started the day bright and early preparing to meet the seller for the first...

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A Look Back Ten Years Ago….

As we head into 2011, this it the time of year when many people ask Jo-Ann and I what we think will happen to the housing sector next year. Before predicting the future, let's look back a decade. The 4th quarter of 2010 has produced 352 residential sales (with a week...

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168 Sales in October

168 Sales in October The Kelowna residential housing market encountered what statisticians might call a  last month. There were 168 residential sales which was better than most anticipated after 3 consecutive slow months but 14 of those sales were over $1 million, 3...

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CMHC Housing Data

CMHC's "Canadian Housing At A Glance" dashboard they just released. Ok Ok....It only goes up to 2008 but it certainly is an eye opener to read. The highlights for me.... 1. Holy Cow living in BC is expensive compared to everywhere else. Most of us here could own 3...

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CMHC Spring Housing Update

Canada Mortgage and Housing Corp. just released their quarterly report for Kelowna. You can access it HERE. The highlights are positive as they predict ... 1. Demand for new and existing homes is forecast to pickup as provincial and regional economies record stronger...

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Quick Market Update…

Taken out of context, it would appear that the Kelowna real estate market is on fire and the smartest thing in the world would have been to buy a home last January. There were 148 residential single family home sale in Kelowna last month (January 2010) compared to 51...

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HAPPY VALENTINES DAY!!

Send Roses to your Valentine!! enter our Valentines Day send roses contest as www.pinterest.com/kelownabc Best in Kelowna Real Estate Andrew Smith 250-979-8066 www.Okanaganbc.com #kelownabc Living in Kelowna, Andrew Smith and Jo Ann McLellan Smith McLellan Group Royal...

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Year End (almost) In Review

I haven't encountered anyone recently, in our out of the real estate industry, who has been able to answer the following....What is the average asking price of a residential home in Kelowna right now? Go ahead....take a stab at it..... Answer is $932,650 A gold star...

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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 2080 homes for...

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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 for sale...

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A Tale of Two Income Brackets

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...

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