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
Below are some practical safety tips (found on Halloween Web) to keep you and your little ghouls safe during the excitement and anticipation of trick or treating:
Halloween Costume Safety
• Wear flame retardant costumes.
• Make sure your Halloween costume is colour-fast so the colour doesn't run onto your other clothes if it rains.
• Try on costumes before Halloween to ...
Posted by Jason Neumann
on October 31, 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
Looking for a local Okanagan municipal website can be an extremely frustrating process! Well look no further, as I have done all the work and compiled a comprehensive list below. All you need to do now is click on the logo of the municipality or regional district you want more information from.
Quick Links To Internet Maps:
City of Kelowna
District of West Kelowna
City ...
Posted by Jason Neumann
on August 31, 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
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
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