Kelowna Real Estate Pros

December was a crazy month for sales with Move up Buyers leading the pack! Move up Buyers made up over 23% of Buyers in December pushing the leader in November “First Time Buyers” to third place. The good news was local Buyers were confident in our market which resulted in over 68% of the Buyers for December, who said December is slow month? Our consistent Alberta Buyer is still active and pursuing Kelowna real estate, even with all the rumours of Albertans buying south of the boarder. We are seeing a good start to 2012 and January remains strong. Our 2011 fall marke....

Tough Rules If Housing Market Gets Too Hot Financial Post Jan 23, 2012 Garry Marr A new round of mortgage rules from Ottawa could include tough new measures for calculating how the self-employed qualify for loans and tighten regulations for condominium buyers, according to two separate sources. Ottawa remains concerned about the possibility of an inflated housing market and wants to crack down on the practice where consumers self-disclose what they make when applying for a loan. In the case of the condominium buyer, the government continues to consider a proposal that wo....

The Community of Glenmore Glenmore is one of Kelowna’s oldest and most established neighborhoods. It is situated between downtown and the Kelowna International Airport. Glenmore is an excellent place call home because of its diverse nature and established community atmosphere offering multiple recreation sites, schools, and easy access to amenities. History The Okanagan is known for its agricultural background, but all of this would have not been possible if it weren’t for the vision of several local businessmen who formed the Central Okanagan Lands Ltd. to buy and ....

Copper Sky in West Kelowna is an example of the excellent buying opportunities in Kelowna right now. The Statistics for November are out and I find the stats very interesting.  First, a quick summary of the stats shows that there were 575 total new listings in November, with only half this amount (258) in sales for the month.  The great news is that while the current active listing level remains high at 4,479, sellers were able to secure, on average, 94% of list price when selling their home.   This means that in general, list prices (of homes that are selling) ....

Being a Realtor® in Kelowna with Nyrose and Associates, I have the pleasure of viewing some amazing homes and it is a lot fun to see them decorated for the holidays. Let’s face it, for most of us, our homes do not look like a page out of Martha Stewart Living, or a monochromatic design studio, especially during the holidays. So please talk to your Realtor® for advice on how to decorate and be aware when you are trying to sell your home, going overboard can limit the audience that your home appeals to. Buyers want to be able to envision their belongings in your home ....

The October Buyer survey has shown some great factual information for future buyers in Kelowna.  Many would think that First time home buyers make up the bulk of the sales this year, you are right but the leader in October 2011 are move up buyers. Move up buyers that have bought this year see the potential in moving up in home price and product in this type of market.  Since real estate has cooled off in Kelowna and home prices have  fallen, move up buyers realize that although they may have lost some equity, moving up to a larger more expensive home is the best optio....