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
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
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
Looking for something fun and different to do in Kelowna this summer? Starting July 6 from 7-9pm on Wednesday evenings, Kelowna area residents are invited to try one of nine new dance styles for free at Stuart Park this summer.
There will be qualified dance instructors beginning the evening with a half-hour dance lesson at 7 p.m. with the opening dance at 7:30.
Dancing in the Park Weekly ...
Posted by Jason Neumann
on July 5, 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
YouTube created a very unique way for online users to share their very own search stories. I have included my story below:
Visit my YouTube Channel anytime and see you online...
Jason Neumann
Posted by Jason Neumann
on June 6, 2011
Vancouver Canucks fans everywhere have been waiting 17 long years to see the boys make another Stanley Cup appearance. All that is remaining is which team will they face for hockey's ultimate prize? Whether it's the Boston Bruins or Tampa Bay Lightning one thing is certain the Province of BC is ready to see Lord Stanley's Mug make the rounds! GO CANUCKS GO!!!
Here is the ...
Posted by Jason Neumann
on May 27, 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