Smith McLellan Group-Kelowna Real Estate

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 townhouses was $350,000 which is up from $344,000 the ...

[photo:listing:35985136] Sharply Priced • 1,175 sq. ft., 2 bath, 2 bdrm single story - MLS®$287,000 Lower Mission, Kelowna  -  Well priced condo in sought after Brandts Creek Crossing. Two bedrooms and two bathrooms with Glenmore valley views from two balconies. Oversized kitchen with eating area ...

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 etc., and just enjoy yourself.  I felt as though he was talking to ...

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 time.  Researched comparable homes for sale, recent sales, expired ...

[photo:listing:31965959] Extensive Renovations Inside • 1,900 sq. ft., 4 bdrm single story - $419,000 - Sharply Priced Kelowna South, Kelowna  -  Four bedroom/three bathroom rancher with "open" design. Well thought out floor plan with substantial renovations. Separate 300 square foot ...

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 required for all mortgages with less than 20% down.   Also, Canadians ...

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 Beach, Nanaimo, Kamloops, Armstrong, Vernon, Oliver, Osoyoos, Okanagan Falls, ...

The Kelowna residential housing market encountered what statistitions 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 million and 1 was $10 million.  In a community of over ...

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

Go to http://bit.ly/bGoP4b for a dashboard from 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 ...