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

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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RU7 Infill Housing as Kelowna Grows and Grows

As Kelowna grows (and grows, and grows), planners have a variety of choices of where to put everyone.  Today, there’s people who commute every day from as far away as Armstrong to the North and Penticton to the South.  When Kelowna experiences population booms we’ve...

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The Vanishing Reasonably Priced Kelowna Homes Sold

Over 967 Kelowna Homes Sold There have been 967 homes sold in Kelowna over the past 90 days leaving us with 929 residential homes for sale. True, it’s a reasonable number but breaking down the 929 number things get a little ominous. Ominous in a predictable way I...

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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 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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Kelowna Average House Sale Price Rose To $636,000 in 2016

Kelowna Condo and Homes Sales are on the move! If you’re reading a relatively obscure real estate blog from my corner of the internet it’s safe to assume you follow real estate prices and activity.  We’ve all gotten used to reading about 20 offers on houses in Toronto...

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Rio Olympics 2016…Back Home In Kelowna

Last non real estate blog for a while. Promise….and this time I mean it.  Still a few days to go in August and we’ve generated 300 residential real estate sales in all areas of Kelowna with an average selling price of $682,000.  August of 2015 was considered a strong...

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Kelowna BC Volume of Homes Sold Continues

Will The Volume of Homes Sold Continue During the Second Half of 2016? Yes! The 2nd half numbers for Kelowna’s real estate market, in any year, are pretty easy to predict just by looking at the first half’s numbers.  That was easy.  Now go back to what you were doing...

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Selling Your Home With A Reverse Mortgage

More and more older home owners have turned to reverse mortgages because it allows them to take advantage of their equity in their homes. In most cases, people take out a reverse mortgage, and they have plans to stay in the home. However, sometimes you may have to...

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Why Do You Need A Whole House Water Filter?

It is definitely fitting to have a water filter on your shower head or kitchen sink. However, you should also consider having a water filter the rest of your house. Most well and tap water contain levels of contamination from environmental and industrial pollution.

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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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North Glenmore Housing Market 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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Third Quarter…Kelowna Housing Update

With the third quarter signed, sealed and in the books 2015 is shaping up to be a near mirror image of 2014 in residential real estate here in Kelowna. Through the first nine months, the average sale price for residential homes has been $546,000 which is identical to...

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Get Your Home Ready To Sell This Fall

Most people don't have the luxury of thinking about the season when it comes time to put their home on the market. However, each season the real estate market operates a bit differently, and there are certain things that you must do when listing your home in the...

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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...

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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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Low Interest Rates Make The Market Rock

  Kelowna Housing Market Interest Rates So Low Your Grand Children Will Not Believe You The first month of 2015 has passed and the results are in some are very similar to January 2014 https://www.youtube.com/watch?v=hsRDGQxlodk The feeling is that we are on the brink...

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How To Find Homes Priced $300,000 to $400,000

The Kelowna Homes in this price range is a very fast moving market with many first time home buyers hoping to buy. In a quick moving market it is important to be knowledgeable about the houses in this price range and work with a good mortgage broker and a good Realtor...

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2015 Predictions for Kelowna Real Estate

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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Mortgage Broker VS Banker| Kelowna Mortgages

Ever feel overwhelmed with the process of getting a mortgage? Ever feel like no one is taking the time to explain the fine print? Ever feel confused as to whether to use a mortgage broker or your bank? I can help! I have worked for a local credit union and a chartered...

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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

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...

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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

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 of the marketplace and try to...

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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

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 or Bad news??. That's...

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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??

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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MONSTER MONTH- KELOWNA REAL ESTATE

MONSTER MONTH-  Kelowna real estate. 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....

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Real Estate Downtown Kelowna

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 you want....my...

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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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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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