Smith McLellan Group-Kelowna Real Estate

  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 last month was $528,700. This is up from $487,000 from May 2011. You would think there would be downward pressure on prices ...

  Hats off and loud applause for all the people who have braved the cold, wind and snow to attend our 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 freezing cold with a cut out newspaper ad in their hand. With two full ...

A typical phone call in late November to any real estate agent ......."I want to take  my house off the market for December and put in back on in the new year."   Seems reasonable. Kids are out of school, relatives might be visiting, mom and dad are likely to be home a lot more..... you get the picture. Who wants to keep a ...

[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 ...

The second quarter is over and done with now and there were 582 residential sales in April/May/June with an average sale price of $490,000.  The 1st quarter of this year showed 450 sales with an average sale price of $478,000.  Compare this to the 2nd quarter of 2010 when we generated 580 sales with an average sale price of ...

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, ...

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 foreclosure sales numbers for 2008, 2009 and 2010 were11, 82 and 135 ...

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 ...