Kelowna/West Kelowna and Central Okanagan Real Estate Stats - November 2011
Ratio of Sales vs. Total Inventory = 6.59%
Condo -- Sales = 52
Condo -- New Listings = 119
Condo -- Current Inventory = 851
Condo -- Sell/Inv. Ratio = 6.11%
Condo -- Days to Sell = 113
Average Price: $250,545
Average Median Price: $219,500
Townhouse -- Sales = 31
Townhouse ...
Posted by Jason Neumann
on December 6, 2011
Kelowna/West Kelowna and Central Okanagan Real Estate Stats - October 2011
Ratio of Sales vs. Total Inventory = 6.38%
Condo -- Sales = 50
Condo -- New Listings = 200
Condo -- Current Inventory = 889
Condo -- Sell/Inv. Ratio = 5.62%
Condo -- Days to Sell = 118
Average Price: $250,707
Average Median Price: $210,625
Townhouse -- Sales = 37
Townhouse ...
Posted by Jason Neumann
on November 29, 2011
The Central Okanagan foreclosure inventory levels continue to show signs of steady increases from month to month in 2011. Buyers ask me all the time if I foresee a huge influx of court ordered sales to the Kelowna real estate market? In my opinion, having watched how the local banks and lenders handle the foreclosure process the answer would have to be...no I don't. Reason being is banks ...
Posted by Jason Neumann
on August 29, 2011
Kelowna/West Kelowna and Central Okanagan Real Estate Stats - July 2011
Ratio of Sales vs. Total Inventory = 7.40%
Condo -- Sales = 76
Condo -- New Listings = 177
Condo -- Current Inventory = 993
Condo -- Sell/Inv. Ratio = 7.65%
Condo -- Days to Sell = 101
Average Price: $229,469
Average Median Price: $216,950
Townhouse -- Sales = 54
Townhouse ...
Posted by Jason Neumann
on August 28, 2011
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 "Sunny ...
Posted by Jason Neumann
on August 26, 2011
Kelowna,BC and Central Okanagan Real Estate Stats - June 2011
Ratio of Sales vs. Total Inventory = 7.36%
Condo -- Sales = 49
Condo -- New Listings = 190
Condo -- Current Inventory = 980
Condo -- Sell/Inv. Ratio = 5.00%
Condo -- Days to Sell = 104
Average Price: $289,912
Average Median Price: $284,000
Townhouse -- Sales = 41
Townhouse -- New Listings = 144
Townhouse ...
Posted by Jason Neumann
on July 7, 2011
There are currently 113 active foreclosures (as of June 24,2011) amongst the entire listing inventory for the Central Okanagan. There are currently 69 active foreclosures (as of June 24,2011) amongst the entire listing inventory for the North Okanagan. There are 4,980 active listings this month (including the 113 foreclosure properties) in the Central Okanagan.
Active Foreclosure Inventory Breakdown: ...
Posted by Jason Neumann
on June 24, 2011
May 2011 Buyer Survey Results
The May 2011 results of the Okanagan Mainline Real Estate Board (OMREB) for Buyers Survey are in! There was a total of 151 respondents that participated in the survey – 40% of the 376 OMREB sales representatives who closed the 538 deals on behalf of Buyers last month. Here is what the survey showed:
Property Type:
27.4% ...
Posted by Jason Neumann
on June 17, 2011
A recent survey of buyer's agents in the Central Okanagan, North Okanagan and Shuswap regions revealed the following:
APRIL SURVEY SUMMARY*
Property Type:
27.7% of purchases were by Move Up Buyers
14.9% Moving from Single Family to Home Strata unit
10.6% by First Time Buyers
6.4% buying Revenue/Investment Property
6.4% Recreation Property Buyers
6.4% moving into Retirement Home/Seniors ...
Posted by Jason Neumann
on May 21, 2011
A recent survey of buyer's agents in the Central Okanagan, North Okanagan and Shuswap regions revealed that:
25.6% of purchases were by Move Up Buyers, 18.9% by First Time Buyers, 13.3% Moving from Single Family to Home Strata unit, 11.1% Buying Revenue/Investment Property, 5.6% Moving from Strata to Single Family Home, another 5.6% Recreation Property Buyers, and 2.2% Moving into Retirement Home/Seniors ...
Posted by Jason Neumann
on April 21, 2011