So far, through the first 4 months of 2012 Kelowna real estate sales, there have been 396 condominium sales compared to only 356 for the same period last year. That is an impressive 10% increase in sales. The average sale price this year is $275,000 compared to $290,000 last year. The correction in prices is clearly having an impact on sales and it is good to see.
There have been 55 residential sales in Kelowna over the last 7 days plus another 35 Kelowna condo sales. Condominium sales have been flat here for so long it’s encouraging to see”condo-selling-season” in Kelowna . Older baby boomers looking for University housing choices are here now scouting around for August occupancy and the out-of-towners are typically starting to look for investment properties this time of year.
Now is the time to see what is available for sale in some of Kelowna’s nicest condo buildings. There is a great selection still available in lakeview, lakeshore and downtown condos.
Working with a Realtor who knows the market can be a great advantage and can help make your decision whether to buy or rent a more informed one. Buying a condo is a lifestyle and owning a condo can be great if you are not interested in spending your leisure time working on the outside of your property and mowing the lawn. Instead if you want to go away for the weekend just lock turn off the lights and lock the door. When you come back it will be in the same condition. The advantage of condo living is that everyone who owns shares in the cost of the maintenance, hence the monthly maintenance fee also called the strata fee. Before you purchase ask what the strata fee includes, every complex is a little bit different.