Kelowna Real Estate Pros

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....

Banks See A 2.75% Rate Hike In 19 Months What happens in the mortgage business has a direct effect on real estate.  We often get buyers and sellers asking about interest rates.  So, Here’s what the “prophets’” predict rates will do by the end of next year (2011): Exerpt from mortgagetrends.com Click here for the FULL REPORT           Read Full Article » ....

Enclave, 3 bdrm townhome in the Lower Mission lists for $389,900 about the avg price of homes sold in Kelowna in Feb 2010 The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 63 per cent to 5,955 units in February compared to the same month last year. Check out the full report What does this mean?  It’s a great time to make a move in Kelowna.  Watch for my next post… ....