Kelowna Housing Update…September 2017

September Market Update for Kelowna Housing There are 1,258 residential homes for sale in Kelowna in addition to 645 apartment condos. We’ve recorded 2,138 residential home sales so far this year at an average sale price of $705,000. We’re in a balanced market with...

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Kelowna Million Dollar Homes Market

The high end buyer is playing a significant role in Kelowna’s housing market and it’s playing havoc with our averages.  Over the first half of 2017 there were 164 homes that sold over $1 million which represented 10.5% of the total homes sold (1,561).  Compare and...

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Kelowna Housing Update….Mid-Summer edition

Kelowna Housing Average House Sale Price For the week ending June 25th 2017 there were 140 residential listings bringing the total up to 1,140.  There were 60 residential sales last week bringing the yearly total up to 1,485.  The average sale price for the year is...

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June Market Update Inventory is LOW

Let’s start this time with apartments in Kelowna. There are currently 303 apartments for sale including 150 which allow rentals. 65 of these are currently vacant and unoccupied. Prices range from the mid $150s for a one bedroom in Rutland and seven condos are priced...

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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

As Kelowna grows (and grows, and grows), planners have a variety of choices of where to put everyone.  Today, there’s people who commute every day from as far away as Armstrong to the North and Penticton to the South.  When Kelowna experiences population booms we’ve...

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The Vanishing Reasonably Priced Kelowna Homes Sold

Over 967 Kelowna Homes Sold There have been 967 homes sold in Kelowna over the past 90 days leaving us with 929 residential homes for sale. True, it’s a reasonable number but breaking down the 929 number things get a little ominous. Ominous in a predictable way I...

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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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Kelowna Average House Sale Price Rose To $636,000 in 2016

Kelowna Condo and Homes Sales are on the move! If you’re reading a relatively obscure real estate blog from my corner of the internet it’s safe to assume you follow real estate prices and activity.  We’ve all gotten used to reading about 20 offers on houses in Toronto...

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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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Selling Your Home With A Reverse Mortgage

More and more older home owners have turned to reverse mortgages because it allows them to take advantage of their equity in their homes. In most cases, people take out a reverse mortgage, and they have plans to stay in the home. However, sometimes you may have to...

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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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First Quarter Kelowna Housing Results.

Kelowna housing results for March totaled  338 residential sales during the month with an average sale price of $573,000.  The average market time for homes sold last month was only 59 days.  In other words, it was a strong month and things are looking good for the...

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Why Do You Need A Whole House Water Filter?

It is definitely fitting to have a water filter on your shower head or kitchen sink. However, you should also consider having a water filter the rest of your house. Most well and tap water contain levels of contamination from environmental and industrial pollution.

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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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Kelowna 2016 Real Estate Predictions and 2015 Market Summary

In regards to strata in 2015, there were 1174 unit sales compared to 1027 the previous year. So in other words, the same story as residential. That’s up approximately 9% over the previous year. The average price last year was $259,000, compared to $243,000. That is approximately a six percent increase in prices for condos over a year.

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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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Kelowna Home Buying In Hot Summer Conditions

It’s been a wonderful, long hot summer here in the Okanagan and real estate is chugging along like it’s supposed to this time of year. The downside to living in this part of the world are the Kelowna forest fires we seem to deal with more often than not each summer....

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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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Rich Buyers Purchasing Kelowna Homes At This Time Of Year?

  There were 190 Kelowna home residential sales this past month at an average sale price of $527,000. Overall a pretty good month especially compared to February of last year when there were only 125 residential sales. Year to date our board has been able to put...

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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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Mortgage Broker VS Banker| Kelowna Mortgages

Ever feel overwhelmed with the process of getting a mortgage? Ever feel like no one is taking the time to explain the fine print? Ever feel confused as to whether to use a mortgage broker or your bank? I can help! I have worked for a local credit union and a chartered...

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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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KELOWNA REAL ESTATE OCTOBER UPDATE

Kelowna Home Sales Update As we put the first  two weeks of October behind us, it's time to take a look at how the real estate market is performing so far for 2014 in Kelowna. On October 3, Okanagan Life published an article about the positive trends of Lake Okanagan...

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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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205-2300 Benvoulin PRICE REDUCED!

PRICE REDUCTION!!! Do not Delay! 205-2300 Benvoulin Reduced to $224,900   Friendly Secure Building with Underground Parking. Located  close to shopping at Orchard Park Mall   Bright Open Floor Plan with eating counter. Lovely laminate flooring   Do not...

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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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A Home In Kelowna Costs How Much?

A Home In Kelowna Costs How Much?   There were 50 residential home sales last week in Kelowna at an average sale price of $520,000. Ho hum. When people ask "What is the cost of a home in Kelowna?"  The answer can vary. The most expensive home was in the Upper...

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Kelowna Housing Prices Are On The Move

Kelowna Housing Prices are moving up along with the number of sales compared with the Kelowna market in 2013. Kelowna homes, Townhomes, Condos,Lots and Waterfront properties have all shown an increase in numbers sold over 2013 and "Sold" signs are showing up all over...

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Kelowna Housing Market Is Humming

The housing market in Kelowna is humming right along for both buyers and sellers in the under $500,000 market. This is where most people live.  If your house is in this price range and currently for sale it's likely getting a steady flow of showings, prospective...

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The Million Dollar Home Seller

The Million Dollar Home Seller is active in Kelowna. I've been pretty negative towards the high end home seller of late pleading for them to be more realistic with their pricing but I thought I would look a little closer at this segment of the marketplace and try to...

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Affordable Kelowna South Home

Affordable Kelowna South home in Excellent Condition. First time offered on the market.           2175 Aberdeen Street SOLD! This 3 bedroom home has many updates Hardwood floors Newer kitchen counter tops Double kitchen sinks Spacious family...

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Andrew Smith Makes A Difference

            When Andrew Smith clients are looking for real estate, whether buying or selling in Kelowna or West Kelowna including Lake Country, Lower Mission, Upper Mission , Kelowna South, Kelowna North, Glenmore, Lake Country and...

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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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Kelowna Foreclosures 2014 Predictions

Kelowna Foreclosures market has been busy this year and the supply of foreclosure properties is declining. Presently there are 42 Kelowna homes in foreclosure  for sale which is a 7 month inventory. The highest total on the market this year was in February with 67...

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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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Kelowna Condos Is It Time To Buy??

In the Kelowna Real Estate  Market this could be the best time ever for a buyer to buy a condo. There are currently 817 Kelowna Condos and 313 Townhomes on the market for sale. Kelowna Condos... There have been 196 sales year to date with an average sale price of...

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MONSTER MONTH- KELOWNA REAL ESTATE

MONSTER MONTH-  Kelowna real estate. July MLS data showed we recorded 233 residential sales for the month compared to only 165 for the same month last year. I'm not sure why either. We can't credit or blame HST any more and interest rates are similar to last year....

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Kelowna Real Estate -June Year to Date

  Kelowna Real Estate  June year todate market report. There are currently 2230 homes for sale in Kelowna and there were 223 sales last month. This means, if you have a home on the market you have a 1 in 10 chance of selling it next month. The average sale price...

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Real Estate Downtown Kelowna

  I promise this will be easier reading if you can humm Petula Clark music at the same time. Let's define downtown as being from Poplar point up near Knox Mountain, up to Gordon Drive, then South to K.L.O., and of course the Lake on the West. Argue all you...

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Kelowna Foreclosure Watch

        Kelowna Foreclosure Watch We seem to be treading water at the 172 mark for total foreclosures in Kelowna. Lenders don't discriminate who's foreclosed on when you look at the numbers closely. An astute buyer can buy mobile homes, ski hill...

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End of January Market Update

Hats off and loud applause for all the people who have braved the cold, wind and snow to attend our Kelowna open houses this January. We've certainly gotten our share of Winter this month and I just love it when people brave the elements and show up to see a house...

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Single Story For Sale in Glenmore

Single storey Home for sale in Glenmore SOLD!   4 Bedroom With Suite ¢ 2,064 sq. ft., 2 bath, 4 bdrm single story "With Finished Basement" - MLS® $399,900 - REDUCED! PRICED TO SELL! Glenmore, Kelowna - Lovely Glenmore home on quiet residential street with a 2...

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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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KELOWNA BC TO PAN AM GAMES GUADALJARA

KELOWNA BC TO PAN AM GAMES GUADALJARA  October 2011. Kierra raced in the 100m breaststroke last Monday and finished 5th with a time of 1:10.15. It's her 3rd best event but the only one she was allowed to race in Guadalajara (long story). She came back with a silver...

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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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Kelowna Townhouses In The Spotlight

Buying a townhouse in Kelowna might be considered one of the safest real estate investments our city has to offer. So far this year there have been 209 townhouse sales with an average sale price of $349,000. Five years ago the average sale price was $280,000 and ten...

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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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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...

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Big White Ski Resort Real Estate Market

What a wonderful place to spend a day, weekend or family vacation. Big White has world class skiing with, great restaurants, 100% ski in/out accommodation and is only about 45 minutes from Kelowna.  The Highway 33 is well groomed in the winter and makes access quick...

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Kelowna Condominium Update….June 2010

Some have been asking for condo statistics for last month so here is my breakdown with explanations and predictions. Sometimes I'm even right. The facts. There are 423 townhouses and 1,103 apartments for sale right now in Kelowna. The average sale price last month for...

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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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3047 Parkhurst in Glenrosa is Sold!

Glenrosa, West Kelowna - This rancher with basement at 3047 Parkhurst has been sold. Thanks Bert ter Horst Realty Executives.   Living in Kelowna, Andrew Smith Smith McLellan Group Royal LePage Kelowna Info@OkanaganBC.com To view homes go to www.Okanaganbc.com...

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Kelowna Real Estate Update April 2011

Sorry I'm a couple of days late with my Monday morning market update but better late than never. Here's the scratch-your-head stat of the day.... There are 1,531 condominiums on the market (way too many) right now and 1,531 residential detached single family houses...

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Kelowna Housing Update….week 15

The 15th week of the year saw Kelowna realtors sell 32 residential homes at an average sale price of $486,000 and an average market time of 86 days. The high end of the market was quiet with only two homes selling above $650,000 while the other end of the market was...

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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 you are, level...

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Fabulous Sandpointe in North Glemore

Fabulous Sandpointe in North Glenmore ¢ 2,135 sq. ft., 3 bath, 2 bdrm single story - MLS® $559,000 North Glenmore, Kelowna - Two master bedrooms, on the waterscape next to state of the art clubhouse with indoor and outdoor swimming pools. Fabulous Sandpointe in the...

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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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March 2011 Quick Market Update

With almost a week left in the month, our market has generated the same the same number of sales, 160, as we did for the entire month of March 2010 with the average sale price remaining constant in the $450's. This is terrific news as we enter the always busy...

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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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Flaherty Tightens Mortgage Rules

Jim Flaherty announced new mortgage financing rules for home buyers and home owners wanting to extend/obtain secure lines of credit. In a nutshell, mortgages with amortization periods longer than 30 years will no longer qualify for government backed insurance which is...

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Royal LePage 2011 Holiday Office Tour

Revelstoke Royal LePage January 13,2011 . What a beautiful town! Over the holidays, Jo-Ann and I decided to take a few days and visit some Royal LePage offices in our province. We managed to stop in and visit for an hour or so in Merritt, Hope, Parksville, Qualicum...

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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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Busy week of high end homes selling

The trend for the past few months is continuing with 40 residential sales in Kelowna last week including 3 of them over $1 million. These homes are on Devonian and Uplands in Upper Mission and Bennett Rd. up in McKinley Landing. The same week in 2009 was 52 homes...

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Affordable 4 bedroom home plus a suite

Price drastically reduced to $385,000 for a well kept home with a view on 3047 Parkhurst Road. Seller wants this sold quickly. Suite is great for nanny or extended family. Back yard is fenced and private. Living in Kelowna, Andrew Smith Smith McLellan Group Royal...

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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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Ho Hum….212 Residential Sales In June

Nothing too unusual about the June real estate numbers after scanning them once. 212 sales seems ok considering there were 251 last june (a good month) and only 185 June 2008 (not a good month) and finally a decrease in the number of homes on the market from 1323 in...

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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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Did We Slay Recession Monster Yet?

Are Kelowna home owners allowed to breath a sigh of relief yet? Did we slay the recession monster or is it going crawl up off the ground and subject us to another long,cold, dark winter? August 2009 saw 209 residential sales with an average sale price of $521,000....

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Condominium Sales On The Upswing

The condominium market in Kelowna is off life support and showing a strong pulse with the number of units selling in our marketplace increasing every month this year from a dreadful 41 sales in January to 165 in July. Here’s a monthly breakdown of condosales......

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Housing Sales Building Momentum

Housing Sales Building Momentum What a month we have been having. What are the chances of having four forest fires in a single weekend? Thank goodness they're all contained now and only three homes were lost. With the first half of the year complete, the Kelowna...

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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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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 taken a...

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When Is The Best Time To Buy?

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 2007 which is...

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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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Where are we now?? Kelowna Market

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...

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Kelowna Housing Data Third Quarter 2008

Kelowna Housing Updates 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...

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