Luxury Properties in Kelowna are Selling
After a long funk the Kelowna luxury real estate market is back on track. I’ve arbitrarily decided that a luxury home here is at least $1,000,000. and less than five years old. Some are on the lake, some have views of the lake and all are fit for kings and queens. In 2016 there were 339 properties sold over the one million dollar mark There are 345 of these homes for sale at the beginning of 2017
Kelowna luxury home buyers spares no expense and there is a lot of product out there today for uncompromising tastes. I’m not sure why people need 4,000 square feet 2nd (or third) homes but most insist they be either on the lake or have an excellent view of the lake. But rest assured that they do. This is a good thing for our community as it creates construction jobs and generates municipal tax revenue….and these people tend to use fewer services than the rest of us. Buyers are typically educated, successful and know what they want in a home.
Luxury homes in Kelowna have the most current and up to date wiring for today’s electronics, the acoustics are theatre quality and the home gym has enhanced oxygen pumped in for those tough workouts. The nanny quarters have separate entrances as well as drop dead lake views also. Working with this crowd brings different questions and problems. Where is the closest bus stop isn’t a concern but instead “where will I get my Land Rover serviced” might be an obstacle to overcome.