What’s with the negativity when it comes to house values in Kelowna? Why are out of town purchasers coming to town with the mindset that our house values are dropping and will continue to do so? The doom and gloom mindset has always been around and every home buyer has had to justify to some family member why they invested in a house durning the 1970’s, 80’s, 90’s or 00’s but why is the chorus so loud today? The Summer of 2010 saw home values increase from $505,200 last Summer to $554,380 this Summer. Go back and read that last sentence again and kick yourself for not investing in a middle class single family home here in Kelowna last year when everyone was telling you to stand pat chanting “cash is king you know”. It is a great time to look at homes now before the prices go up again next year and we will be looking back and saying what if………
Million dollar homes are selling again now too. There were 31 homes that sold for seven digits or higher this Summer compared to 21 during the Summer of 2009. The high end home buyer still knows this is a blue-chip safe investment as does the first time buyer with a 5% down payment. Lakeshore homes and some of Kelowna’s stunning acreages are counted in the sold sales for million dollar properties.
Families come from around the world to look at the possibility of moving to our piece of paradise located on Okanagan Lake. The lifestyle is one that can be appreciated by most families.
For a list of the top properties listed in the Okanagan please call or email Andrew Smith and we will send you a complete list that fits your requirements within 24 hours.