Foreclosure: A foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).
Court Ordered Sale: A Court Ordered Sale is the legal process where the BC Provincial Court is petitioned to approve ...
Posted by Jason Neumann
on September 14, 2011
Century 21 Assurance Realty Ltd. is on the move...quite literally!
Location! Location! Location! You have heard it said many times before and where a brokerage decides to situate itself is no exception. Century 21 Assurance Realty Ltd. is moving to 251 Harvey Road which is literally across the bridge. I am very excited to see the renos completed and move into out new downtown location in ...
Posted by Jason Neumann
on September 2, 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
Smarter...
Bolder...
Faster...
Posted by Jason Neumann
on August 28, 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
Below are photos taken of 260 Davie Road prior to renovations taking place...
Living Room:
Kitchen:
Dining Room:
Basement:
Posted by Jason Neumann
on July 25, 2011
The Central Okanagan foreclosure inventory is now starting to show signs of steady increases from month to month in 2011. The overall active foreclosure listings pale in comparison to the total inventory in the Central Okanagan which continues to be a good sign. 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 ...
Posted by Jason Neumann
on July 18, 2011
Recently my brokerage, Century 21 Assurance Realty Ltd. celebrated Canada Day with thousands of Kelowna,BC area residents at Waterfront Park. The Century 21 "KidsZone" was a terrific success! As a brokerage we handed out nearly 1500 Century 21 balloons, 1000's of pieces of candy along with tattoos, toys and more! The volume of traffic was fantastic as both parent and ...
Posted by Jason Neumann
on July 11, 2011
Average House Prices a Misleading Gauge of the Health of the Canadian Real Estate Market: CIBC
Recently an article appeared in CBC News about Canada's housing market bursting according to research consultant company Capital Economics. The report caused quite a swirl of opinions amongst home owners and those active in the real estate industry. Below is Benjamin Tal's (Deputy ...
Posted by Jason Neumann
on July 7, 2011