Ratio of Sales vs. Total Inventory = 8.40%
Condo -- Sales = 54
Condo -- New Listings = 197
Condo -- Current Inventory = 945
Condo -- Sell/Inv. Ratio = 5.71%
Condo -- Days to Sell = 100
Average Price: $232,630
Average Median Price: $210,000
Townhouse -- Sales = 51
Townhouse -- New Listings = 114
Townhouse -- Current Inventory = 493
Townhouse ...
Posted by Jason Neumann
on April 7, 2011
There are currently 84 active foreclosures (as of April 7,2011) amongst the entire listing inventory for the Central Okanagan. There are 4,423 active listings this month (including the 84 foreclosure properties) versus 4,108 listings last month, a 7.67% increase in overall inventory levels.
Active Foreclosure Inventory Breakdown:
6 Lots and Acreages ...
Posted by Jason Neumann
on April 7, 2011
OMREB February 2011 Survey Highlights:
A recent survey of buyers agents in the Central Okanagan, North Okanagan and Shuswap regions revealed that:
31.9% of purchases were by First Time Buyers, and 24.2% by Move Up Buyers; 26.4% of Buyers were Two Parent Families with Children, 25.3% Couples Without Children, 16.5% were Single Females, 16.5% Empty Nesters/Retirees, 7.7% Single Parents with ...
Posted by Jason Neumann
on March 20, 2011
I am proud to have the RBC Mortgage Specialist Team as part of my referral network. They offer top notch service to my clients and simply put...get the job done!
Contact any of the RBC Mortgage Specialists listed below and learn more about their services. So whether you have perfect credit or a challenging application that may require alternate funding solutions; ...
Posted by Jason Neumann
on February 8, 2011
Finance Minister Jim Flaherty announced today new rules for the Canadian mortgage industry that he says will "protect the stability of the economy."
The announcement comes on the heels of a recent warning from the Bank of Canada that Canadians' domestic debt burden is the highest on record, even higher than our neighbours to the south. The ratio of household debt ...
Posted by Jason Neumann
on January 17, 2011
There are currently 98 active foreclosures (as of January 15,2011) amongst the entire listing inventory for the Central Okanagan. There are 3,623 active listings this month (including the 98 foreclosure properties) versus 3,863 listings last month, a 6.62% drop in inventory level.
Active Foreclosure Inventory breakdown:
7 Lots and Acreages ...
Posted by Jason Neumann
on January 15, 2011
Recently, 80,000 property owners in the Central Okanagan received their property assessments in the mail. The majority of these assessments showed little change from 2009 as overall real estate sales in Kelowna and area were quite sluggish in 2010. It is important to note that BC Assessments do not reflect current real estate market conditions and are more of a general guide ...
Posted by Jason Neumann
on January 10, 2011
Ratio of Sales vs. Total Inventory = 5.43%
Condo -- Sales = 44
Condo -- New Listings = 166
Condo -- Current Inventory = 884
Condo -- Sell/Inv. Ratio = 4.98%
Condo -- Days to Sell = 119
Average Price: $237,066
Average Median Price: $217,450
Townhouse -- Sales = 21
Townhouse -- New Listings = 85
Townhouse -- Current Inventory = 440
Townhouse -- ...
Posted by Jason Neumann
on January 9, 2011
Life can be stormy just like Okanagan Lake was when I shot this video in late Fall. It's how we react and deal with life's inevitable challenges that truly matters! So no matter where you are at right now:
Get back up...Dust yourself off...Don't let anything stop you from believing in yourself!
Take care and know you can do anything! Sincerely, Jason Neumann
Posted by Jason Neumann
on December 1, 2010
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