There are currently 83 active foreclosures (as of May 24,2010) amongst the entire listing inventory for the Central Okanagan. That is a 36% increase in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
11 Lots and Acreages (Ranging in value from $39,500 to $1.75 Million)
0 Manufactured Homes currently ...
Posted by Jason Neumann
on May 8, 2010
There are currently 61 active foreclosures (as of April 21,2010) amongst the entire listing inventory for the Central Okanagan. That is a decrease of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
6 Lots and Acreages ($114,900 to $1.22 Million) with no pending sales
0 Manufactured ...
Posted by Jason Neumann
on April 21, 2010
Current Active Central Okanagan MLS Listing Inventory as of April 21,2010:
Single Family Dwellings - 2107 properties (191 more properties or a 9.97% increase from March) including 7 pending offers ranging in value from $339,800 to $589,000
Strata - Condos - 1092 properties (4 more properties or a 0.367% increase from March) with 3 pending ...
Posted by Jason Neumann
on April 21, 2010
There are now new rules for home buyers looking to qualify for high-ratio mortgages and/or investment properties. There seems to be a some misconceptions out there as to how these new rules affect buyers today. I recently spoke with Julie Weimer an RBC Mortage Specialist and she kindly provided me the following information:
Changes to the Rules for Government Insured Mortgages: ...
Posted by Jason Neumann
on April 3, 2010
The idea of paying someone else's mortgage and helping them build equity in their property really doesn't make a lot of good financial sense! As a long term renter, you are literally throwing away tens of thousands of dollars of your hard earned money instead of creating a forced savings plan by way of having a mortgage. I have chatted with many renters over the years ...
Posted by Jason Neumann
on March 23, 2010
There are currently 64 foreclosures (as of March 22,2010) amongst the entire listing inventory for the Central Okanagan. That is a increase of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
1 Manufactured Homes ($125,000) with ...
Posted by Jason Neumann
on March 22, 2010
Current Active Central Okanagan MLS Listing Inventory as of March 28,2010:
Single Family Dwellings - 1916 properties (393 more properties or a 25.80% increase from February) including 11 pending offers ranging in value from $348,800 to $649,000
Strata - Condos - 1088 properties (157 more properties or a 16.86% increase from February) with 2 pending ...
Posted by Jason Neumann
on March 22, 2010
There are potential dangers and pitfalls when it comes to pricing your home in any kind of real estate market. Sellers can be reluctant to price their home in line with the marketplace as they feel they may be giving away too much of their home equity. The reality is pricing your home right from the start will get the net result you are looking for as a seller. Here ...
Posted by Jason Neumann
on March 20, 2010
K.L.O. - means "Kelowna Land and Orchard Company", the company owned most of the land in that area for many years.
Kelowna's Fall Wine Festival is ranked amongst the "Top 100 Events in North America" year after year.
Mount Boucherie is one of five extinct volcanoes found in the Okanagan.
Kelowna's five major performance companies produce over 15 plays and musicals each year.
The ...
Posted by Jason Neumann
on March 12, 2010
Whether you are a first time buyer, moving up in the real estate market, or downsizing, it is important to have an experienced, qualified sales representative working for you. Choosing a Real Estate Professional is one of the most important decisions you will make to ensure the success of your venture. As your "Local Expert" my market knowledge will help you select the property that meets ...
Posted by Jason Neumann
on March 11, 2010