Latest Blog Market Updates

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?

 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

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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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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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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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

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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Kelowna 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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Kelowna Real Estate Coupon Oct2016

[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

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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Kelowna 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

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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Kelowna Housing Market Tightening

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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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

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

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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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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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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KELOWNA REAL ESTATE OCTOBER UPDATE

Kelowna 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 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 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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Kelowna Housing 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

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

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 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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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

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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Kelowna Condos Is It Time To Buy??

Kelowna Real Estate  Market 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...

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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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MONSTER MONTH- KELOWNA REAL ESTATE

Kelowna real estate Monthly Udpate July MLS data showed we recorded 233 residential sales for the month compared to only 165 for the same month last year. I'm not sure why either. We can't credit or blame HST any more and interest rates are similar to last year. When...

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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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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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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

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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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 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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Kelowna 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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Kelowna 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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June Kelowna 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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Kelowna Housing Update….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

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

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

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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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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