Latest Blog Market Updates

Kelowna Moving And Packing Tips

Kelowna Moving And Packing Tips

Planning Your Next Move Can Save You Money Perhaps the people that actually enjoy moving are the most organized. You know the type. They have a place for everything, and everything's in its place. They pack up in minutes, and stand tapping their toes until the moving...

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Market Sales up over August 2018

Market Sales up over August 2018

Sales were 2% higher in August over 2018 market Changing things up a bit this month let’s start by taking a peak at the overall Okanagan housing market. Sure, real estate markets are getting more segmented and trends are often different from one street to the next in...

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Average Kelowna Home Sale $736,000

Average Kelowna Home Sale $736,000

Kelowna Homes Sales Update July 2019 The Kelowna residential real estate market continues to chug along and no better time than the middle of summer for a quick housing market update.  The 2nd quarter of this year saw us record 729 residential sales at an average sale...

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Top 2019 Paint Color Trends for Homes

Top 2019 Paint Color Trends for Homes

Nature Inspired Paint Colors Dominate Interior Décor in 2019 Homeowners throughout Canada are delighted to learn that nature-inspired hues dominate interior décor plans for 2019. Canadians are blessed with—and inspired by—nature. Spanning from the Atlantic to Pacific...

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Should I list my Kelowna home in 2019?

Should I list my Kelowna home in 2019?

 Is it wise to buy or sell a Kelowna home this year? Timeless questions most of us have face head on.   It’s important to know that selling a home in Kelowna is relatively easy.  We’re not a one industry resource town with an imminent mill closure and almost every...

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2019 Real Estate Market Predictions

2019 Real Estate Market Predictions

We recorded 107 residential sales in December 2018 and 46 apartment sales.  These numbers are down significantly from December 2017 when we recorded 73 apartment sales and 185 residential sales.  This is similar to the annual numbers where residential sales dropped to...

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Kelowna Market Update November 2018

Kelowna Market Update November 2018

November 150 Homes SoldThere were 150 residential sales for the month November including 10 homes selling over $1 million and 2 homes selling over $2 million.  The average sale price last month was $674,000 and the average time to sell a home was 66 days. ...

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KELOWNA MARKET 2018 OCTOBER REPORT

KELOWNA MARKET 2018 OCTOBER REPORT

Kelowna Listings Are StableThere were 478 residential listings brought to market in September bringing the total number of homes for sale in Kelowna up to 1,542. On the apartment side of the ledger, there were 174 condos listed upping the total to 917...

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Housing Shortage in Central Okanagan

Housing Shortage in Central Okanagan

Limited Housing Offered For Sale Time for a mid-winter Kelowna housing update. There is a serious shortage of housing available in the Central Okanagan with only 701 residential detached single family homes for sale with 284 of these priced over $1 million. There are...

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Okanagan Real Estate Market Update 2018

Okanagan Real Estate Market Update 2018

February Okanagan Real Estate Market Update…Market Firing on all Cylinders There are only 833 homes listed for sale in Kelowna right now.  Even considering the time of year, this isn’t a lot.  The news gets worse if you’re out there house hunting once you consider...

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The Verve Kelowna For Sale

The Verve Kelowna For Sale

Verve Kelowna Market Update There are only three units for sale in the Verve right now as of this writing which is a little troubling for any first time buyers looking to get a foot into Kelowna’s housing market. Units for sale are as follows…   #107 539...

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Updates for October 2018

Updates for October 2018

 Kelowna Condos Updates There are only 1,265 residential homes for sale in Kelowna right now in all price ranges. 639 of these are priced over $800,000 so it doesn’t leave much for those looking for affordably priced accommodation. There are 350 apartments for sale...

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Housing Update…September 2017

Housing Update…September 2017

September Market Update for Kelowna Housing There are 1,258 residential homes for sale in Kelowna in addition to 645 apartment condos. We’ve recorded 2,138 residential home sales so far this year at an average sale price of $705,000. We’re in a balanced market with...

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Kelowna Million Dollar Homes Market

Kelowna Million Dollar Homes Market

The high end buyer is playing a significant role in Kelowna’s housing market and it’s playing havoc with our averages.  Over the first half of 2017 there were 164 homes that sold over $1 million which represented 10.5% of the total homes sold (1,561).  Compare and...

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June Market Update Inventory is LOW

June Market Update Inventory is LOW

Let’s start June Market Update this time with apartments in Kelowna. There are currently 303 apartments for sale including 150 which allow rentals. 65 of these are currently vacant and unoccupied. Prices range from the mid $150s for a one bedroom in Rutland and seven...

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MLS Listings TOP 1000!!!!

MLS Listings TOP 1000!!!!

MLS listing count in the Kelowna  British Columbia topped 1,000 recently ...............and the current total reads 1,057 residential homes for sale in all price ranges.  Let’s take a look how it breaks down…   512 priced under $800,000, 545 priced over $800,000. 48...

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91 Homes Listed For Sale Last Week

91 Homes Listed For Sale Last Week

 Kelowna Tops 91 Homes Listed in Past Week 91 residential homes listed for sale and 46 apartments bringing the total number of apartments up to 302 for sale and  782 residential houses.  There were 70 residential sales last week with an average sale price just...

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Market Update 2017 Andrew Smith

Market Update 2017 Andrew Smith

Real Estate Market January 2017 The market has been active in all price ranges for the start of 2017. There were 31 residential homes that sold last week in Kelowna ranging from a low of $335,000 for a 2 bedroom 1 bathroom starter home in Glenmore up to another home...

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Real Estate Coupon Oct 2016

Real Estate Coupon Oct 2016

[coupon couponid="14874" coupon_align="cctor_aligncenter" name="Kelowna Real Estate $500.00 Off Oct2016"] Now Enjoy a Big Discount By Availing "Sell Your Home Coupon" If you are planning to sell your house, then you must be looking for a dynamic and proficient realtor...

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Kelowna October Real Estate Market

Kelowna October Real Estate Market

Welcome to Kelowna October Real Estate There were 437 residential homes listed for sale in September which is a reasonably high number even when compared to the 456 listed for sale December 2015.  Our industry loves consistency. 1021 Homes Available For Sale In...

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Market Tightening As Year Winds Down

Market Tightening As Year Winds Down

The Kelowna market continues to tighten in the lower end with only 290 homes priced for sale under $600,000.  And yes, we’re now counting a $600,000 home in the lower end of the housing spectrum.  There have been 532 sales under $600,000 over the past 90 days meaning...

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Housing Prices July 2016

Housing Prices July 2016

Kelowna Housing Prices on the Rise A sign of a healthy economy is that there are only six residential foreclosures in Kelowna right now.  There used to be 180 so this is a pretty good sign that things are going well here.  The number of affordable homes for sale...

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How To Buy A House In Kelowna

How To Buy A House In Kelowna

Save. Then save some more. There are 1,114 residential freehold homes for sale in Kelowna. Pretty big number I suppose if you’re thinking of buying a home in our town but once you look things a little closer you might break out into cold sweat when you this number...

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2016 First Quarter Housing Results.

2016 First Quarter Housing Results.

Kelowna housing results for March totaled  338 residential sales during the month with an average sale price of $573,000.  The average market time for homes sold last month was only 59 days.  In other words, it was a strong month and things are looking good for the...

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Housing Market Tightening February 2016

Housing Market Tightening February 2016

There are only 1,077 freehold residential homes for sale in the Central Okanagan in all price ranges right now which isn’t a lot especially as we approach the Spring market. What’s a little worrisome is that there are only 300 priced under $500,000 and only 130 priced...

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North Glenmore Fall Housing Is Rocking

North Glenmore Fall Housing Is Rocking

Let’s take a quick look at North Glenmore (NG) today. Just for fun….no hidden agenda. North Glenmore is a beautiful residential community about a 5-10 minute drive to the highway, city hall and orchard park mall. There are two elementary schools and a middle school...

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Shrugging Off Outside Influences

Shrugging Off Outside Influences

At least we’re not talking about the Chinese stock market anymore. When outside influences that we have no control over become part of a Kelowna real estate negotiation, well, it just isn’t good. As an agricultural based economy there was a time when the price of...

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Summer Round Up For Kelowna Home Sales

Summer Round Up For Kelowna Home Sales

Welcome back to my brief overview of the Kelowna housing market….I didn’t round any numbers up or down this time in hopes of making it look that much more credible.  Comments welcome. There were a few days last month when it seemed we were all worrying about the stock...

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Housing Market

Housing Market

Kelowna Housing Market For July When I have a difficult time finding something to write about it usually means things are running along as they should and nothing stands out. The numbers most real estate people follow are the number of current listings to make certain...

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Home Buying In Hot Summer Conditions

Home Buying In Hot Summer Conditions

It’s been a wonderful, long hot summer here in the Okanagan and real estate is chugging along like it’s supposed to this time of year. The downside to living in this part of the world are the Kelowna forest fires we seem to deal with more often than not each summer....

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Buying A House in Kelowna

Buying A House in Kelowna

Demand for new House In Kelowna will be supported through modest employment and population growth, in addition to continued low mortgage rates. This economic foundation will encourage elevated levels of housing starts in 2015 before dipping modestly next year. 2014...

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2015 Predictions

2015 Predictions

Operation Fresh Beginnings. If you were unsuccessful trying to sell your home last year perhaps market conditions will be your friend and the situation will improve this year. Or perhaps not. The reverse could be true and you might be wishing that you could resurrect...

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December Events

December Events

The holidays make Kelowna a welcoming place for both couples and families, because there's so many activity options for both young and old. Whether you want to see Santa, spend a few hours Christmas shopping, or head out on the ice, we've got a list of 10 things you...

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OCTOBER UPDATE

OCTOBER UPDATE

Home Sales Update As we put the first  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...

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Okanagan Wine Festival

Okanagan Wine Festival

Okanagan BC Wine Valley 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...

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Kelowna Summer Things To Do

Kelowna Summer Things To Do

Kelowna Top 10 Things To Do Kelowna, British Columbia is a popular destination for tourists in Canada, but also offers numerous things for residents as well. If you haven't explored your Kelowna backyard,you still have time to start before summer shifts into fall, and...

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Prices Are On The Move

Prices Are On The Move

Kelowna Housing Prices are moving up along with the number of sales compared with the Kelowna market in 2013. Kelowna homes, Townhomes, Condos,Lots and Waterfront properties have all shown an increase in numbers sold over 2013 and "Sold" signs are showing up all over...

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Market Is Humming

Market Is Humming

The housing market in Kelowna is humming right along for both buyers and sellers in the under $500,000 market. This is where most people live.  If your house is in this price range and currently for sale it's likely getting a steady flow of showings, prospective...

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The Million Dollar Home Seller

The Million Dollar Home Seller

Kelowna Real estate Marketplace The Million Dollar Home Seller is active in Kelowna. I've been pretty negative towards the high end home seller of late pleading for them to be more realistic with their pricing but I thought I would look a little closer at this segment...

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Andrew Smith Makes A Difference

Andrew Smith Makes A Difference

When Andrew Smith clients are looking for real estate, whether buying or selling in Kelowna or West Kelowna including Lake Country, Lower Mission, Upper Mission , Kelowna South, Kelowna North, Glenmore, Lake Country and Peachland they are confident that those looking...

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Kelowna First Time Home Buyers

Kelowna First Time Home Buyers

Kelowna First Time Buyers made up 27% of the market in February and home ownership is one of the greatest dreams a young professional or family can have.  The thought of having your own place that you can customize to your heart's content is appealing, and many home...

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Real Estate Agents and Technology

Real Estate Agents and Technology

Kelowna real estate agents Kelowna real estate agents are a lot like other people and like most,  we've evolved and adapted to new technologies.  In the olden days prior to fully loaded smart phones when I went out of town I was pretty much off the grid and handed my...

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The Super Bowl Kick Off

The Super Bowl Kick Off

Real Estate and the Super Bowl Kickoff Welcome back.  With the first month safely behind us now are there any real estate industry prognosticators considering changing  their Kelowna housing predictions for the year?  Anyone?  Didn't think some neither. January is one...

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Was This The Worst Year Yet? 2016

Was This The Worst Year Yet? 2016

Kelowna  foreclosures Do you think that Kelowna  foreclosures are dragging down the Kelowna real estate market?   Is Canada following the USA market?  It appears like it.  With  4,500 Kelowna homes for sale on MLS this year only 164 were foreclosure sales.  Good news...

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Buying My First Home In Kelowna BC

Buying My First Home In Kelowna BC

In 2012 my husband and I made the hard decision to relocate our young son and ourselves to the Canadian city of Kelowna. We wanted to raise our family in the beautiful B.C environment with the mountain backdrop. However making the move to B.C wasn't exactly easy for...

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Condo Market Up or Down?

Condo Market Up or Down?

Some have been asking for condo statistics for last month so here is my breakdown, explanations and predictions. Bad news first. Kelowna condo statistics There are currently 423 townhouses and 1,013 apartments for sale in Kelowna. Let's start with apartments. If you...

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Condos Is It Time To Buy??

Condos Is It Time To Buy??

In the Kelowna Real Estate  Market this could be the best time ever for a buyer to buy a condo. There are currently 817 Kelowna Condos and 313 Townhomes on the market for sale. Kelowna Condos... There have been 196 sales year to date with an average sale price of...

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KELOWNA OUT PERFORMS THE REST OF BC

KELOWNA OUT PERFORMS THE REST OF BC

Did the Central Okanagan buck a provincial trend in August or am I reading our MLS numbers incorrectly? Earlier this month we reported 205 residential unit sales at a $573,000 average August 2012 compared to 158 units sold August '11 at $540,000 average. Both average...

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The High End Buyer Rolls Into Kelowna

The High End Buyer Rolls Into Kelowna

This past month was one of those months that no one predicted and sellers shouldn't get too excited about. The high end buyer showed up, finally, in August and we saw 18 homes sell over $1,000,000. The average sale price of the 209 residential sales was $570,000 which...

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This Isn’t Your Father’s Market!

This Isn’t Your Father’s Market!

Market in August is looking like it is going to be the best August in a long time.. When Jo-Ann and I moved to Kelowna 15 years we were told over and over again that the weather dictates the real estate market here. Then July 2010 happened with only 126 residential...

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June 2012 …..ARE YOU IN??

June 2012 …..ARE YOU IN??

Active Market Active listings ....2,261 residential and 1,564 condominiums. This means, purchasers have rarely had such a selection in all price points and all areas of the city. Interest rates are at rock bottom lows and prices are down sharply from the peak of...

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Real-Estate -June Year to Date

Real-Estate -June Year to Date

Real-Estate Year To Date  June year todate market report. 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...

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Real Estate Downtown Kelowna

Real Estate Downtown Kelowna

Residential homes I promise this will be easier reading if you can humm Petula Clark music at the same time. Let's define downtown as being from Poplar point up near Knox Mountain, up to Gordon Drive, then South to K.L.O., and of course the Lake on the West. Argue all...

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Housing Update…first 6 weeks of 2012

Housing Update…first 6 weeks of 2012

 Housing update Looking at the Kelowna real estate market after the first 6 weeks paints two very different pictures. Overall, it's looking a lot like last year. There were 176 residential and 102 condo sales in the first 6 weeks of 2012. The average residential price...

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End of January Market Update

End of January Market Update

Hats off and loud applause for all the people who have braved the cold, wind and snow to attend our Kelowna 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...

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Update….Buying In December 2011

Update….Buying In December 2011

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...

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Single Story For Sale in Glenmore

Single Story For Sale in Glenmore

Single storey Home for sale in Glenmore SOLD! 4 Bedroom With Suite ¢ 2,064 sq. ft., 2 bath, 4 bdrm single story "With Finished Basement" - MLS® $399,900 - REDUCED! PRICED TO SELL! Glenmore, Kelowna - Lovely Glenmore home on quiet residential street with a 2 bedroom...

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November Real Estate Update

November Real Estate Update

I realize I'm a day early here and we still have 23 hours left to sell houses this month but I wanted to get a head start getting October stats out before everyone else in this industry....to heck with accuracy this month. October was an odd month. The average price...

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KELOWNA BC TO PAN AM GAMES GUADALJARA

KELOWNA BC TO PAN AM GAMES GUADALJARA

KELOWNA BC TO PAN AM GAMES GUADALJARA  October 2011. Kierra raced in the 100m breaststroke last Monday and finished 5th with a time of 1:10.15. It's her 3rd best event but the only one she was allowed to race in Guadalajara (long story). She came back with a silver...

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Market Update–October 2011

Market Update–October 2011

Over-all, there has been 171 residential sales this September in the Kelowna Real Estate market with an average residence selling for $537,000. September of 2010 witnessed 139 sales with the common sale amount of $510,000. Glad to see the total number of properties...

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Lakeview Heights Update

Lakeview Heights Update

As of right now there are 154 residential homes for sale, not including lakefront and not including homes on native land. There have been 78 sales so far in 9 months. This means there is approx a 17 month supply of homes on the market. (this number is a crude estimate...

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Rutland Homes With Suites

Rutland Homes With Suites

Rutland homes has to be the most undervalued and most under appreciated part of Kelowna and I've never understood why. It's centrally located close to shopping, transportation, hockey rinks and a completely refurbished Kelowna Family YMCA. Crime is low (check for...

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Townhouses In The Spotlight

Townhouses In The Spotlight

Buying a townhouse in Kelowna might be considered one of the safest real estate investments our city has to offer. So far this year there have been 209 townhouse sales with an average sale price of $349,000. Five years ago the average sale price was $280,000 and ten...

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Townhouse Market

Townhouse Market

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....

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Condominium Update….June 2010

Condominium Update….June 2010

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...

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June Market Report

June Market Report

 Where to begin this month.... There are 2,171 single family homes on the market right now and there were 193 sales in May. This means there is over 11 months of inventory on the market right now making this a buyers' market. No news here as this has been the case...

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Market Update April 2011

Market Update April 2011

Sorry I'm a couple of days late with my Monday morning market update but better late than never. Here's the scratch-your-head stat of the day.... There are 1,531 condominiums on the market (way too many) right now and 1,531 residential detached single family houses...

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Housing Update….April 2011 Week 15

Housing Update….April 2011 Week 15

The 15th week of the year saw Kelowna realtors sell 32 residential homes in Kelowna at an average sale price of $486,000 and an average market time of 86 days. The high end of the market was quiet with only two homes selling above $650,000 while the other end of the...

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Popular Brandts Creek Crossing Condo

Popular Brandts Creek Crossing Condo

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...

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Axel Merckx Speaks at UBCO breakfast

Axel Merckx Speaks at UBCO breakfast

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...

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Rookie Realtor Error

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...

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March 2011 Quick Market Update

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...

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Flaherty Tightens Mortgage Rules

Flaherty Tightens Mortgage Rules

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...

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Royal LePage 2011 Holiday Office Tour

Royal LePage 2011 Holiday Office Tour

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...

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Busy week of high end homes selling

Busy week of high end homes selling

The trend for the past few months is continuing with 40 Kelowna residential sales in  last week including 3 of them over $1 million. These high end homes are on Devonian and Uplands in Upper Mission and Bennett Rd. up in McKinley Landing. The same week in 2009 was 52...

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