Kelowna Real Estate Pros

A flurry of new listings – like this ideal family home in Crawford Estate in the Upper Mission – made for a busy February! Is this what ‘Normal’ feels like? I have been in Kelowna now for 2.5 years and I really can’t say that I have experienced a ‘normal’ market here yet.   Its really been a series of slumps and rebounds, but it feels like we really are moving toward a steady, normalized market.  According to the February 2011 OMREB Report released today (detailing sales activity in the region), the stats also seem to be....

Seize the day, count the ways. Happy New Year Kelowna. I hope the holiday season treated you and your family well. Over the holidays I was lucky enough to hit the slopes at Big White for a few days and it reminded me how fortunate we are to live in this beautiful valley. Dredging through the long winter months can be tedious, but when we take the time to enjoy the amazing playground that surrounds us we realize how amazing it is to live here. The lifestyle and outdoor amenities available in Kelowna are difficult to replicate anywhere else, and are the reason why so many ....

Some Reasons to be Optimistic about Kelowna Real Estate! Homes priced right, like this one in the Upper Mission Kelowna, are seeing lots of action despite a slower market. Compared to our neighbors in the Lower Mainland who saw a nice little lift in November over last year (up 7%), the Kelowna real estate market remains relatively cool for the time being. The Okanagan Mainland Real Estate Board released it’s November Report yesterday revealing that indeed total residential sales for the region were down 24% from last month and 35% from last year.  The Board is ....

OMREB released it’s July sales stats for the Central Okanagan and the results were not surprising given the trending we have seen this summer.  The market for real estate in the area is significantly quieter this year compared to same time last year, and much slower than even last month.  The sleepy days of summer are definitely upon us. Homes sold in the Central Okanagan in June & July averaged 74 days on the market. Total residential sales for the Central Okanagan in July were 215, down 50% from last year and 33% from last month.  Of those, 105 were single....

With the release of the Okanagan Mainland Real Estate Board (OMREB)’s June Report today, we can definitely see that the buyer’s market continues it’s stronghold in Kelowna.  What that means is that there is alot of inventory on the market right now, a good selection for the amount of buyers out there.  I also think there is still a fair bit of uncertainty in the market about the impact of HST.  Not that it will affect most home buyers, but a ‘wait-and-see’ attitude seems to have prevailed amongst buyers this past month. This years sales a....

The release of OMREB’s May Market News today shows that, similar to my teams experience this past month, sales were indeed slower in May than what we have been experiencing for 2010 thus far. A strong buyers market continues in the Okanagan Homes priced right for todays market, like this one in the Upper Mission, have a better chance of selling. After a flurry of action that really began in November and continued with only a slight pause in December right on through till April, May was a little quieter. Read Full Article » ....