Smith McLellan Group-Kelowna Real Estate

[photo:listing:35985291:2]Downtown Kelowna has changed so much in the past 15 years I have lived here..... and mostly for the better. I can not think of a nicer run than along Kelowna's downtown waterfront. Start at City Park along the lake, past the yatch club, along the seawall towards Paul's Tomb. And that is just along the waterfront. ...

They're everywhere it seems.   If you're trying to sell your home in Kelowna, and it's priced over $700,000 you might have to get comfortable with that for sale sign out in your front yard for a while.  There are 435 of these homes on the market right now and there have been 109 sales in this price bracket so far this year. ...

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.  While the 213 number might still be a little off where it ought to be the ...

I spent the last few days looking at homes in Kelowna's Upper Missioin area which has to be one of the nicest neighbourhoods in Canada.  Great schools, little crime, people looking out for one another, jaw dropping views of the lake, luxurious houses complete with media rooms, oversized decks, gyms, 2nd kitchens, amazing ensuites, ...

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 ...

The first quarter report card is in for the Kelowna market and the results are  a "B".  We generated 451 sales for the quarter with the average house selling for $480,000. The same quarter in 2010 produced only 431 housing unit sales which means buyers are out early and we can confidently predict a successful real estate year. ...

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 (ok...usually busy)  Spring market.   With six days remaining ...

My first condominium listing was in 1993 in Vancouver.  I remember it was on Pacific Avenue almost underneath the Burrard street bridge and noise, exhaust fumes and lots of dirt and grime on the balcony. Dealing with the strata management company was over-the-top difficult because I remember having to drive into Richmond to order the strata ...

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, ...