There are currently 104 active foreclosures (as of November 14,2010) amongst the entire listing inventory for the Central Okanagan. There are 4,307 current active listings reporting at this time including the 104 foreclosure properties.
Foreclosure Inventory breakdown:
8 Lots and Acreages (Ranging in value from $95,000 to $1.75 Million)
3 Manufactured ...
Posted by Jason Neumann
on November 15, 2010
Ratio of Sales vs. Total Inventory = 6.31%
Condo -- Sales = 44
Condo -- New Listings = 134
Condo -- Current Inventory = 921
Condo -- Sell/Inv. Ratio = 4.78%
Condo -- Days to Sell = 128
Average Price: $244,118
Average Median Price: $216,250
Townhouse -- Sales = 32
Townhouse -- New Listings = 79
Townhouse -- Current Inventory = 456
Townhouse -- ...
Posted by Jason Neumann
on November 14, 2010
Sales figures were down across the board in all categories in September 2010 for the Central Okanagan. That being said the most surprising stat is the YTD sales for 2010. Although there was only a slight 1.51% increase in total YTD sales; when one considers the more difficult mortgage qualifications today and recent implementation of BC's HST that figure becomes very encouraging. ...
Posted by Jason Neumann
on October 12, 2010
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Posted by Jason Neumann
on October 12, 2010
There are currently 84 active foreclosures (as of September 17,2010) amongst the entire listing inventory for the Central Okanagan. There are 4,910 current active listings reporting at this time including the 84 foreclosure properties.
Foreclosure Inventory breakdown:
8 Lots and Acreages (Ranging in value from $99,000 to $1.75 Million)
2 Manufactured Home ...
Posted by Jason Neumann
on September 10, 2010
Well summer came to an abrupt halt in the last week of August here in Kelowna! I noticed a bit more interest from buyers looking into Okanagan real estate, but nothing out of the ordinary for this time of the year. August 2010 sales activity started to pick up as the buyer’s market continues in the Okanagan. While inventory levels are starting to decline and sales volumes are increasing ...
Posted by Jason Neumann
on September 10, 2010
New listings rose 5.7% over last year at this time (1,186 compared to 1,122) but dropped 10.4% from last month (1,324), while inventory increased 5.8% over last June (to 5,793 from 5,475) and 4.1% since May (from 5,561).
Overall sales this month dropped 21.7% compared to June 2009 (to 346 from 442) and were down 8.2% compared to May (378). Total residential units sold decreased 23.8% ...
Posted by Jason Neumann
on July 25, 2010
Inventory levels continue to rise in the Central Okanagan real estate market. The inventory level increases for each month from 2009 to 2010 are as follows:
January 2010 = 15.50% February 2010 = 23.65% March 2010 = 27.29%
April 2010 = 16.68% May 2010 = 9.61%
If new listings coming onto the market continue to increase ...
Posted by Jason Neumann
on June 22, 2010
There are a lot of misconceptions and misunderstandings when it comes to how the new HST or Harmonized Sales Tax in BC will affect real estate related purchases. The media in general has sensationalized the overall impact this blended tax will have on the BC Real Estate Industry. I have tried to address some of them in plain and straight to the point talk. Contact ...
Posted by Jason Neumann
on June 22, 2010
Are you tired and frustrated with researching a home to purchase in Kelowna or the Okanagan region? Looking for a better way to search out homes and stay on top of the local real estate market? Need some guidance as to the best areas, neighbourhoods, schools and nearby amenities? If you answered yes to any or all of these questions then you may want to consider signing up for ...
Posted by Jason Neumann
on June 21, 2010