Properties $200,000 to $500,000
Kelowna and Area Homes and Condos Average Price
The average house price sold in Kelowna for 2018 was over $750.000, up from 2017 average home price sold for just over $700,000. The homes and condos in the $200,000 to $500,000 price range tend to recieve offers shortly after they are listed. If this is your price range it is advisable to fill out the form for daily updates on new listings. Let us know the area you prefer and the size of condo or house and we can email the list to you daily as they become available. Some of the things to consider when looking for a new home include location, price, size and condition of the home. If you are not a handyman, then a fixer upper may not be the best choice for you. If you have questions or concerns on how to get into the Kelowna real estate market, then please call us. We are here to assist you in your next move.
Condos and Townhomes
Age, pet and rental restrictions are the first thing you need to know about. If you have a pet, or if you think you might want a pet, it’s important to know what’s allowed and what isn’t. Same for renting. Same for parking. Same for a lot of other things. I have a client who moved to Meadowbrook apartments on Enterprise after retiring here from Whitehorse a few years ago. He was a card player looking for a quiet lifestyle and wanted to join a good bridge club. This is fairly typical and every realtor has come across this type of buyer….just substitute bridge player for quilter, bowler, square dancer, etc. This particular buyer also wanted a private deck on the top floor where he could smoke cigarettes in peace and quiet. Again, not uncommon and let’s not judge anyone here. Imagine his horror though two years later when his strata wanted to pass a bylaw prohibiting smoking everywhere. Luckily for him the resolution failed because he would have moved out. Most strata board people I’ve come across are run by reasonable people who know what they’re doing and are willing to volunteer their time freely answering my questions and giving forthcoming information on their little micro communities. They understand how to read financial statements and are aware of the issues in their building. I’ll even go further and say that most people who live in strata titled properties are generally happy home owners who like condo living.
If you are thinking of buying into a condo you really do need to take the time to read all the minutes of the strata board and past annual general meetings to familiarize yourself to the culture. Everyone hears about the horror stories about a crazy person in a building causing trouble for other owners but these people are few and far between. Reading strata minutes and bylaws might take a while but I promise you will be glad you did. If reading dry documents isn’t your cup of tea any Realtor or real estate lawyer will read and explain things to you and you will be able to make an informed decision.