The Central Okanagan foreclosure inventory levels continue to show steady increases from month to month as 2011 comes to a close. 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 ...
Posted by Jason Neumann
on November 28, 2011
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
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
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
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
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
There are currently 84 active foreclosures (as of September 17,2010) amongst the entire listing inventory for the Central Okanagan. There are 4,910 current active listings reporting at this time including the 84 foreclosure properties.
Foreclosure Inventory breakdown:
8 Lots and Acreages (Ranging in value from $99,000 to $1.75 Million)
2 Manufactured Home ...
Posted by Jason Neumann
on September 10, 2010
There are currently 82 active foreclosures (as of August 11,2010) amongst the entire listing inventory for the Central Okanagan. There are 5125 current active listings reporting at this time including the 82 foreclosure properties.
The foreclosure inventory breakdown is as follows:
8 Lots and Acreages (Ranging in value from $95,000 to $1.75 Million)
1 Manufactured ...
Posted by Jason Neumann
on August 11, 2010
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