Posted by
paige on
April 28, 2011 |
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Although overall sales for Kelowna real estate are down, there’s been some healthy sales happening! In the last 2 months we’ve had 7 homes sell under $400K in the Kelowna North, Glenmore neighborhoods. This bright and cheery older home in Glenmore with new kitchen and windows sold for $365,000. There is a park, tennis courts and great schools nearby.
This newer home pictured below in North Glenmore recently sold for $375,000. Built in 1994, a few cosmetic updates will bring it up to date and the fenced private yard is fantastic! Close to all ammenities including some easy to advanced walking/hiking trails, this house is a winner!
If you’re looking for something new with no HST and still have all the fantastic ammenities the above houses have, check this listing out. Unique and beautiful open plan 2 bedroom 2 full bath townhouse with spacious deck, magnificent views, and upgraded interior. Concrete soundproofing, granite, stainless appliances, hardwood & tile are top notch for this very central location.
Call me on my direct line to learn about successful strategies for buying a house at the best price possible. Paige Guernsey at 250-862-6464.
Talk to you soon…
Paige
Posted by
paige on
December 31, 2010 |
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This past 3 weeks is probably one of the busiest real estate “holidays” I’ve ever had. The phones were ringing and people were on the move. Most of those buying or selling have all the same reasons as in years past with a few exceptions: Most feel that real estate prices are at their lowest and most feel that interest rates will slowly but surely go up in the next year.
Canadian Mortgage and Housing Corporation has released their stats and confirmed what we already know… Kelowna is a hot commodity! Most notably, CMHC says that employment opportunities will increase in 2011. Thinking of an investment? Rents are expected to increase with inflation in 2011 and on top of this our vacancy rate is expected to go down from an already low level of 3.4%. Increasing enrollment at UBC Okanagan will bring jobs and parents with children who need a place to live (did I mention investment opportunity?). Kelowna General Hospital’s expansion will be complete and bring more jobs and people looking for housing. There are even some new housing projects going to be started in 2011. I predict a stellar year ahead. Be safe and take care.
Happy New Years everyone!
Talk to you soon…
Paige
Posted by
paige on
October 14, 2010 |
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A well known Montreal architect is speaking for Cascadia Green Building Council on Building a Net Zero house. This home strives to generate all the energy required for household use as well as integrate sustainable agriculture for the property. Pretty crazy technology available out there that can actually work. If you’ve ever wondered about “green” technology be sure to mark this date on your calendar. October 27, 2010 at Rotary Center for the Arts, Mary Irwin Theater from 5:30 to 7:00.
See you there…
Paige
Posted by
paige on
June 18, 2010 |
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Went to a meeting the other day to listen to a speaker who ALWAYS has a positive take on Kelowna, our growth and our real estate. Rod Gibbings is a local financial planner who has a way of giving the all important reality check when we need it most. Our real estate market is changing and is leaning towards a buyers market again. There has been some press coverage that has painted a negative picture around this most recent shift. Rod started his talk with several pictures of the front page of a Canadian magazine whose titles over the years depicted and predicted doom and gloom in our economy and housing market. Most of these predictions were wrong and in fact, went very far the other way. Check out this revised projection graph from the Organization for Economic Co-operation and Development. Canada by far is the best place in the world!
I’ve heard a lot of predictions being thrown around about Kelowna real estate prices coming down 10% this year. No matter how you look at this, I just don’t see how that can actually happen. The BC Real Estate Council predicts sales to be 3% less than 2009 before climbing 4% in 2011. BCREA also predicts home prices will rise by 6% this year over last and remain static for the most part through 2011. Kelowna has usually done better historically than these predictions that lump BC numbers together. Link to Article.
If you’re thinking of buying or selling, please give me a call on my direct line at 250-862-6464.
Talk to you soon…
Paige
Posted by
paige on
May 20, 2010 |
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Bob Rennie, the condo king from Vancouver was here the other day to talk about the real estate market in BC. His opinion is that all the underlying factors are here to see continued growth and prosperity for British Columbia and certain more desirable areas like Kelowna, Vancouver Island, and Vancouver. In particular the fact that the whole world saw a lot of our province for the first time during the Olympics is important. Real estate should continue to be a strong and considerable investment when you consider that relatively speaking, Kelowna is considered inexpensive compared to other parts of the world and on the world stage we are only JUST on the radar. Condos in Vancouver are an oversaturated market as it is here. Fortunately for Kelowna though, a lot of the projects that were slated to be underway didn’t break dirt as the market started to feel the economic pinch of the recession we’ve just been through. This means that although there are a number of condos still available and competing with each other, the market for condos is becoming more stable, with those buildings having important ammenities contributing to lifestyle like proximity to shopping and leisure activities are selling first over those that have less that all the necessary fundamentals. CMHC has just released it’s spring housing market for Kelowna and it’s positive!
Talk to you soon…
Paige
