As we put the first Â 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 development. Not only is the market of real estate development positive for Kelowna, but looking at the sales reports for January 2014 to September 31, 2014, home sales show marked improvement from 2013. Any individual who wants to sell a house in Kelowna should feel optimistic about their ability to move their property in this fast-paced market.
Based on the report of residential sales from January to September 21, most price brackets for homes for sale in Kelowna, BC showed an increase. The lower priced home sales only showed slight decreases in September 2014, but the higher priced homes of $360,000 or more beat their previous sale numbers of last year. Even the change in the lower price home sales wasn’t dramatic, with 22 Strata homes in the $200,000 and under bracket sold in 2013, and 19 sold in 2014. The $200,000 to $240,000 bracket had a bit of fall, with 29 sold in 2014 compared to 2013’s 50. That said, once we get to the $360,000 listings, what we observe for the Kelowna real estate market is excellent. In 2014, 230 houses were sold at $360,000 to $400,000. Â The trend of increased sales continues as you move to new price brackets. Unsurprisingly, the rate of homes sold at 1 million and up increased from 42 in 2013 to 53 in 2014. For nearly all of Toronto, the market is healthy, strong, and most of all, experiencing record demand.
Kelowna Thanksgiving Tree on Mission Creek Greenway
For home owners wondering what they may sell a house in Kelowna for, it pays to know the average sale price. September 2014’s average sale price for homes came in at $492,571, up from 2013’s $465,966. The median home price was $448,500, which was a $28,500 increase.
In all, 321 homes were sold in Kelowna in the month of September. Last year the same month saw 298 sales, demonstrating the housing industry in September in Kelowna is still strong. Townhomes especially saw a big increased demand in the area. 657 townhomes hit the market and sold in 2014, up dramatically from 474 sold last year. Condos were also big sellers, with 819 sold between January and September of this year; 2013 had 600 sold. Even mobile homes sales in Kelowna fared well with 31 more sold than last year.
Sales growth has been so strong that it may be the beginning of a new housing boom. If you are considering a new home in Kelowna, BC there is plenty of variety available. The housing market in Kelowna, BC features 1123 residential homes, 890 strata and 344 building lots. Sellers and buyers should both feel confident in this market.
Okanagan Lake is a draw for many residents of British Columbia due to its wide variety of activities, such as fishing, paddle boarding, and hiking. One area in particular, OkanaganMountain Park in Upper Mission Kelowna is a wonderful area for outdoor enthusiasts to explore and enjoy. I recently found myself hiking in the park, and I recently saw all it offered firsthand. Covering over 10,000 hectacres, Okanagan Mountain Park is a perfect place to spend a day or two. The trails are open year round, and Camp Okanagan is one of the best sources of information on the park.
The park was burned significantly in the 2003 Okanagan fire, and much of the land was scorched. However, if you’ve not visited the park lately, you haven’t seen the lush land that awaits you. The grass and flowers have grown back, and the park is a rich paradise for any nature lover. If you’re a first time hiker, please be aware that Tourism Kelowna classifies the hiking as moderate to difficult, depending on the trails you choose. There are over 23 hiking options available in the Okanagan Mountain Park, and you’ll find distances range from 2 to 10 km. The area is only accessible by foot, bicycle or on horseback, so be prepared to park and hike.
Okanagan Mountain Park
Throughout your travels up and down the trails, you can take in the sights all around you. All you need is a little preparation and a beautiful day to enjoy hiking in Okanagan MountainPark. There are creeks with water but park officials advise you pack several bottles of water so you can stay hydrated, especially in hotter temperatures. If you want to bring along man’s best friend, feel free, as long as he’s leashed. Many people love to walk the trails with their dogs, and I recently took my silky Yorkshire Terrier. He loved running around exploring everything and I guarantee your dog will too.
If you want to spend more than a day in Okanagan Mountain Park, don’t worry, because tent camping is available. The simple campsites are available for a nominal fee; you can view the fee schedule on the park’s website. The sites are first come, first serve, so arrive early if you want the best spot! Unless there’s a ban in place, you’ll be able to purchase firewood so you can have a nice leisurely night camping in this beautiful park.
To preserve the nature contained within the park, hiking trails are clearly marked. Be cautious that you don’t wander off trail, and you’ll have a great time. The official BC Parks website contains a downloadable brochure with all of the important information for the park, including directions, trail descriptions and more. Photographers should definitely not overlook hiking in Okanagan Mountain Park. The panoramic views available on some of the trails must not be missed, and will make gorgeous snapshots. Friends of the South Slope Society has a map available that indicates some of the best viewpoints in the park.
This past weekend, I hiked the Wild Horse Canyon Trail. We saw a number of families out exploring the park, and we enjoyed seeing the Ponderosa Pines dotting the trails. If you packed a picnic lunch, it would be the perfect family or couple outing. Thanks to the park being open year round, you can enjoy it any time of year. Okanagan Valley itself is an ideal place for families as well, and I’m ready to help you find the perfect home in Kelowna. We saw over 35 homes and lots sold in Upper Mission Kelowna sold last month. Do you want to make your own home near this amazing park?
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 October is the Fall Okanagan Wine Festival. Beginning October 1 and ending October 11, the festival is a celebration of one of the things that make the Okanagan Valley so attractive and marks the fall grape harvest time. This is the 17th year for the festival, and 2014 promises to be a great one. The Westjet Wine Tastings held on October 4th have already sold out, and if you love wine, you can’t miss any part of this beloved festival. Here’s just a few of the ways you can have fun and enjoy yourself at the Fall Okanagan Wine Festival.
Try new Wines at the Okanagan Wine Festival
Don’t be afraid try new wine.
The point of a wine festival is to celebrate wine, and what better way to do that than by drinking it? You’ll find over 300 wines to sample, sip, and buy at the festival. Study the event listing, and visit a couple of venues to try new spirits. Over 70 wineries are going to be part of the festival, and you’ll see plenty of options to try. Did you know this event is actually the largest tasting of British Columbia wine throughout all of Canada?
Don’t skip out on the food!
Okanagan Wine Festival features a wide variety of dishes that were chosen to complement the wines available. You’ll have options for snacks, appetizers, and five-course meals. Don’t neglect the food portion of the festival, or you’ll miss some of the best fare in the area. Several events featuring delectable cheeses are part of the festival, including Organic Cheese and Wine: A Natural Pairing and The Blind Wine and Cheese Soiree.
Enjoy the many Great Okanagan Wineries
Venture to new places.
Spread out over 10 days, the festival is a celebration of wine, gourmet food, arts, and education. This is the largest wine festival in the Okanagan region, and if you attend, be sure you visit all the various venues represented in the festival. The festival has been named a Top 100 Event by the American Bus Association for 20 consecutive years, and delivers an experience to remember. To best enjoy the festival, you should try attending a few venues you’ve never visited before. More than 70 wineries will be offering their best selections, and wouldn’t you hate to miss out?
Of course, at any event featuring alcohol, you should exercise caution when drinking. The Okanagan Wine Festival features a free safe ride home program up to $80.00 taxi value, so you’re able to enjoy the festival in a responsible way. If you’re looking for a fun way to welcome October, you can’t go wrong with the Okanagan Wine Festival. Set in some of the best parts of the Valley, it’s proud tradition for the area, and a great way to celebrate the Okanagan Valley’s contributions to the wine industry.
Please share this article with wine lovers and if you discover a new wine on your tour leave a comment and share your discovery with us.