Jason Neumann Kelowna Real Estate Blog

1483 Rosemeadow Drive West Kelowna,BC Real Estate - Rose Valley

Mon, 25 Jul 2011 20:36:49 -0700

Terrific Rancher in Family Friendly Rose Valley...

Terrific home in quiet family friendly Rose Valley. Daylight abounds in this 3 bedroom, 2 bathroom rancher with unfinished basement and separate entrance. Easily suited home with rear yard backing onto nice greenspace. Close to parks, schools, convenience store and local shopping.

Nearby Schools are: Rose Valley Elementary, Constable Neil Bruce Middle School and Mount Boucherie Senior Secondary.

For 21 high resolution photos and property details, please visit: www.1483RoseMeadowDrive.com or call/text Jason Neumann at 250.808.7700 to view!

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

250 Gemini Road Kelowna,BC Real Estate - Rutland South

Mon, 25 Jul 2011 20:25:05 -0700

Okanagan Home With Room For All The Toys!

Your search ends here as this is the home you have been waiting to buy! Clean nearly 2,000 sq/ft 4 bedroom, 2 bathroom home in quiet family friendly neighbourhood. Massive fully fenced yard with enough room to park an RV, Camper, Boat and more! Lots of natural daylight and ample storage.

Nearby amenities include: YMCAYWCA, Boys and Girls Club,Rutland Arena, BMX Track, Okanagan Gymnastics,McCurdy Bowling, Grand 10 Theatre, Energy Plex, Rutland Parks, Public Transit, Off Leash Dog Park and so much more!

Local schools are located across the street:Belgo Elementary, Rutland Middle School and Rutland Senior Secondary.

Measurements are approximate only and should verified if important.

For 21 high resolution photos and property details, please visit: www.250GeminiRoad.com or call/text Jason Neumann at 250.808.7700 to view!

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

#110 - 914 Craig Road Kelowna,BC Real Estate - Rutland North

Mon, 25 Jul 2011 20:11:36 -0700

Capstone Estates is where families come to live and play in Kelowna!

This perfect 3 bed, 4 bath family friendly townhome is centrally located! Main level kitchen features: generous cabinet and counter space, tiled backsplash and white appliances. Upper level master bedroom has three piece ensuite with walk in closet. Additional bedroom upstairs with adjacent large loft area could easily be converted into another bedroom. Massive third bedroom is located in the basement level and could be used as a flex room or home based business. There's even more entertainment space in the bonus room/theatre room! Half bath on the basement level with separate laundry room has side by side washer/dryer and extra shelving. As an end unit this townhome offers additional privacy and overlooks nearby parks and sportsfields.

Nearby amenities include: Athans Pool/YMCA, Boys and Girls Club, Rutland Arena, BMX Track, Okanagan Gymnastics, McCurdy Bowling, Grand 10 Theatre, Energy Plex, Rutland Parks, Public Transit, Off Leash Dog Park,Hartman Community Garden and so much more!

Local schools are located across the street: Rutland Elementary, Rutland Middle School and Rutland Senior Secondary.

Measurements are approximate only and should verified if important.

For 21 high resolution photos and property details, please visit: www.RutlandTownhome.com or call/text Jason Neumann at 250.808.7700 to view!

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

#65 - 6100 Old Vernon Road Kelowna,BC Real Estate - Ellison

Fri, 13 May 2011 15:14:20 -0700

Ideally located home in a very quiet neighbourhood! This 4 bedroom plus den and 3 bathroom walkout rancher offers the very best in family living. Recently updates include laminate flooring throughout main living level, fresh paint and tile in the bathrooms. Bright kitchen overlooks backyard vegetable garden, patio area with peaceful valley views. Watch the children play in the backyard or the adjoining large fully fenced shared field. Pet friendly and located close to Mill Creek Regional Park, Dirtbiking Trails, Fishing and Snowmobiling. Clubhouse with outdoor pool is mere steps away from this exceptional family home. Commute to Kelowna or Vernon with ease!

Nearby schools are Ellison Elementary, Rutland Middle School and Rutland Senior Secondary. Kelowna International Airport is located just minutes away! Sunset Ranch and Tower Ranch offer challenging courses with terrific views.

Amenities such as the YMCA/YMCA, Okanagan Gymnastics Club, Rutland Arena, Scandia, Grand Prix, Energyplex,McCurdy Bowl and Grand 10 Cinemas are just a few of the places to take your family for a fun afternoon! Perfectly situated for students wishing to attend UBCO and on theKelowna Public Transit Bus Route. Forgot milk or eggs? No problem, Ellison Market is right around the corner for your shopping convenience.

For 21 high resolution photos and property details, please visit: www.CountryRhodesKelowna.com or call/text Jason Neumann at 250.808.7700 to view!

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

839 Steele Road Kelowna,BC Real Estate - Upper Mission

Fri, 13 May 2011 14:06:14 -0700

Spacious 4 bedroom, 3 bathroom Upper Mission home on a quiet road in a great family neighborhood. This fantastic home sits on 1/3 acre, with lots of privacy and peek-a-boo lake views. Large formal dining room, large family room as well as an eating nook off kitchen. Both the living room and the family room feature wood burning fireplaces. Three sliding glass doors to your own back yard oasis, all sliders and windows upgraded as well. New custom gourmet kitchen with high-end, high efficiency stainless steel appliances (KitchenAid Superba counter depth fridge and convection oven) and solid maple cabinets. All bathrooms have been completely remodeled. Laminate flooring throughout the house with tile in the bathrooms. Separate laundry room with window. Home is situated a good distance from the street and has a great crescent driveway. Large detached storage shed with concrete floor. Attached 2 car garage with office and separate entrance. House comes with an alarm system, outdoor lighting and mature landscape.

Nearby amenities are: H2O Adventure Centre,Capital News Centre, Boutique Shopping, Strip Malls,Public Parks and Beaches,Okanagan Lake Provincial Park,Mission Creek Greenway,Harvest Golf and Country Club.

Nearby wineries are: Summerhill Pyramid Winery,St. Hubertus Estate Winery and CedarCreek Estate Winery.

Local schools are: Anne McClymont Elementary, KLO Middle School and Okanagan Mission Secondary.

For 21 high resolution photos and property details, please visit: www.839SteeleRoad.com or call/text Jason Neumann at 250.808.7700 to view!

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

7481 Hawk Road - Kelowna Real Estate - Joe Riche

Mon, 17 Jan 2011 19:43:58 -0800

Quiet Country Living in Desirable Joe Rich

Perfect hobby farm only 10 minutes from town. Home features 3 beds, is with large open basement allows for expansion and room for your family, cul-de-sac, room for horses, single attached garage as well as a detached large 2 bay heated shop, hoist track, 220 wiring, tack barn, stables and more. Start enjoy rural living in Joe Rich today!

Nearby schools are: Black Mountain Elementary, Rutland Middle School and Rutland Senior Secondary.

Nearby amenities include: Athans Pool/YMCA, Boys and Girls Club, Rutland Arena, BMX Track, Gymnastics, McCurdy Bowling, Grand 10 Theatre, new Energy Plex, Parks, Public Transit and so much more!

For 21 high resolution professional photos, Google Street View and detailed property info please visit: http://7481HawkRoad.com or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $500,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

#206 3739 Casorso Road - Kelowna Real Estate - Mission Meadows

Mon, 17 Jan 2011 19:38:36 -0800

Sleek and fun condo living in Mission Meadows!

Looking for the ideal Lower Mission location and proximity to all the amenities? Then this stunning second storey 2 bed/2 bath unit is perfect for you! Condo comes with 2 parking stalls (one underground and one street level) and located in the prestigious Lower Mission. Bright, spacious and open floorplan. No HST! Tremendous value and perfect for first time home buyers! Close to shopping,schools and recreational facilities.

Click here for HD 1080p YouTube video of the amenity building!

Nearby schools are: Casorso Elementary, KLO Middle School and Okanagan Mission Secondary.

Nearby amenities include: H2O Adventure + Fitness Centre, Capital News Centre, Parks and Beaches plus Shopping.

For 21 high resolution professional photos, Google Street View and detailed property info please visit: http://www.century21.ca/jason.neumann/Property/BC/V1W_5E3/Kelowna/3739_Casorso/206 or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $289,900 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

405 Houghton Court - Kelowna Real Estate - Rutland North

Mon, 17 Jan 2011 19:32:53 -0800

Family Friendly Home on Quiet Cul-De-Sac

Opportunity knocks on this affordable grade level home with a mortgage helper! Perfectly situated family home features 3 beds, 2 baths up with a large deck and patio. Located on a quiet cul-de-sac with ample parking, storage and newer roof.

Nearby schools are: Rutland Elementary, Rutland Middle and Rutland Senior Secondary.

Nearby amenities include:YMCA/YWCA, Boys and Girls Club, Rutland Arena, Rutland Family TaeKwon Do, Gymnastics, McCurdy Bowling, Grand 10 Theatre, Energy Plex, Rutland Parks, Public Transit, located off the new Houghton Road Corridor and so much more!

For 21 high resolution professional photos, Google Street View and detailed property info please visit: http://www.405HoughtonCourt.com or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $360,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

260 Davie Road - Kelowna Real Estate - Rutland South

Mon, 17 Jan 2011 19:27:00 -0800

Court Ordered Sale in Rutland South!

Court Ordered Sale! 2 bed, 1 bath home located on a quiet street in a family friendly neighbourhood. Close to all amenities with suite potential. Home is on a large lot and offers a great floor plan with a completely renovated main level and full unfnished basement. Renovations include: windows, doors, flooring, kitchen and bath areas. For pictures of the home prior to renovations please click here. Official Community Plan supports low density multi-family in the area.

Nearby schools are: Quigley Elementary, Rutland Middle and Rutland Senior Secondary.

Nearby amenities include: YMCA/YWCA, Boys and Girls Club, Rutland Arena BMX Track, Rutland Family TaeKwon Do, Okanagan Gymnastics, McCurdy Bowling, Grand 10 Theatre, Energy Plex, Rutland Parks, Kelowna Public Transit and so much more!

For 21 high resolution professional photos, Google Street View and detailed property info please visit: http://www.260DavieRoad.com/ or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $315,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

Kelowna and Central Okanagan Foreclosure Stats December 2010 - January 2011

Sun, 16 Jan 2011 23:30:33 -0800

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 (Ranging in value from $95,000 to $995,000)

6 Manufactured Home (Ranging in value from $69,800 to $162,900)

23 Strata Properties (Ranging in value from $139,000 to $2.99 Million)

52 Single Family Residential (Ranging in value from $189,900 to $3.30 Million)

There were a total of 13 foreclosure sales in December 2010. Here's the breakdown: There was one condo sold at $180,500, two townhomes $177,500 and $645,000, one manufactured home at $88,000, one building lot sold for $144,000 and eight residential sales from $285,000 to $390,000.

The overall foreclosure inventory pales in comparison to the total inventory in the Central Okanagan which is 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 how the local banks and lenders handle the foreclosure process the answer would have to be, no I don't. The reason being is banks and/or lenders reluctantly foreclose on homes until it is absolutely necessary (almost as if they hate to lose money or something). The process is very time consuming and very involved so it truly is a last resort for them to exercise!

I recently attended a court hearing for some buyers that were interested in placing an offer on a Rutland area home. This home had been on the market for an exceptionally long time (nearly a year) before an accepted offer materialized. Once the court date was set and I called the listing agent to verify the date and time of the court hearing I was informed there was likely going to be some competitive offers on the subject property. Sure enough, upon arriving there was three other Realtors ® with offers as well (this does not always happen). At the end of the hearing, my buyer's offer was not enough as there was a substantially higher offer that the judge ultimately accepted. It is worth noting that this scenario is not unusual and as always I like to remind my buyers that "there really is no guaranteed strategy to pick up foreclosure homes at greatly reduced prices."

Foreclosure homes now in the $400,000 or less range continue to be the most sought after and competed for homes in the courts. I cannot emphasize enough the importance of understanding the foreclosure process and how the BC Court System works prior to placing an offer on one of these properties.

If you would like more information on the how Court Ordered Sales work in Kelowna, West Kelowna and the Central Okanagan please call or text me at (250) 808-7700 or email: jason.neumann@century21.ca

Sincerely,

Jason Neumann

Kelowna and Central Okanagan December 2010 Stats

Sun, 16 Jan 2011 23:23:21 -0800

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 -- Sell/Inv. Ratio = 4.77%

Townhouse -- Days to Sell = 118

Average Price: $313,600

Average Median Price: $303,000

Lots -- Sales = 7

Lots -- New Listings = 47

Lots -- Current Inventory = 578

Lots -- Sell/Inv. Ratio = 1.21%

Lots -- Days to Sell = 126

Average Price: $296,071

Average Median Price: $215,000

Residential -- Sales = 104

Residential -- New Listings = 273

Residential -- Current Inventory = 1,340

Residential -- Sell/Inv. Ratio = 7.76%

Residential -- Days to Sell = 89

Average House Price = $440,123

Median House Price = $407,500

Description Total Listings Taken Inventory

This Month 709 4,413

Last Month 757 4,676

This Month Last Year 652 4,559

Description Total Units Sold Total Sales Volume

This Month 210 $130,028,594

Last Month 280 $93,584,049

This Month Last Year 326 $197,776,997

The Central Zone of the Okanagan Mainline Real Estate Board (OMREB) reported December 2010 sales activity of all MLS® property types slowed from last month and are down from sales reported at this time last year. Despite a decline in new listings and overall inventory levels buyers are still enjoying a large selection of residential properties.

The listing inventory historically at this time of year sees a sharp decline as Sellers opt to wait for the following Spring to relist their properties. The prevailing mentatilty amongst these types of Sellers is that there are not many Buyers looking at homes during the Winter months. The truth is there are better quality showings in the late Fall and Winter months as Buyers looking at this time of year are quite serious and need to purchase. Those Sellers that choose to stay the course over the Winter are actually quite pleased they decided not to remove their homes from the marketplace!

Active year-to-date listings fell 4.64% compared to 2010 and new listings taken in December were down 14.42% from 2009 (445 compared to 520) - a 37% drop over last month (707). Overall sales declined 34.5% compared to December 2009 (to 169 from 258), and total residential units sold decreased 36.8% (to 146 from 231) - down 21.5% from last month (186).

Year-to-date total sales volume for all property types slightly dipped by only 7.36% at the end of 2010 compared to the same 12-month period in 2009 (to $1.493 billion from $1.562 billion).

Complete OMREB Statistics and Statistical Graph for December 2010

Disclaimer: Monthly sales statistics are based on the sales reported by real estate offices as of the last day of the month. As a result, there may be some lag time in reporting sales and other minor adjustments in the total results are made accordingly.

If you would like more in depth statistics or have any general questions please contact me at (250) 808-7700 or at jason.neumann@century21.ca

Learn more about my Automatic Email Notification System and start your home search today!

Sincerely,

Jason Neumann

Kelowna and Central Okanagan Foreclosure Stats for October/November 2010

Mon, 15 Nov 2010 03:16:42 -0800

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 Home (Ranging in value from $69,800 to $125,000)

36 Strata Properties (Ranging in value from $139,000 to $2.99 Million)

57 Single Family Residential (Ranging in value from $189,900 to $3.69 Million)

There were a total of 8 foreclosure sales in October 2010. Of the eight sales three were residential homes that sold between $215,000 and $422,500. There were three condos sold between $152,500 and $248,000, one townhome sold for $179,000 and a mobile home for $178,000 to round out the foreclosure sales for this past October. For more details on these sold properties please Click Here.

There has been a mini spike in the number of foreclosure properties on the market. There were 84 court ordered sales this past August and now there are 104 currently in November. The overall foreclosure inventory pales in comparison to the total inventory in the Central Okanagan which is 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 how the local banks and lenders handle the process the answer would have to be no I don't. The reason being is banks and/or lenders reluctantly foreclose on homes until it is absolutely necessary (almost as if they hate to lose money or something). The process is very time consuming and very involved so it truly is a last resort for them to exercise!

As always I like to remind my buyers that "there really is no guaranteed strategy to pick up foreclosure homes at greatly reduced prices." Foreclosure homes now in the $500,000 or less range continue to be the most sought after and competed for homes in the courts. I cannot emphasize enough the importance of understanding the foreclosure process and how the BC Court System works prior to placing an offer on one of these properties.

Click Here for a current list of Central Okanagan foreclosures!

Click Here for a current list of Big White Ski Resort foreclosures!

If you would like more information on the court process in Kelowna, West Kelowna and the Central Okanagan please call or text me at (250) 808-7700 or email: jason.neumann@century21.ca

Sincerely,

Jason Neumann

Kelowna and Central Okanagan October 2010 Stats

Sun, 14 Nov 2010 03:11:17 -0800

Ratio of Sales vs. Total Inventory = 6.31%

Condo -- Sales = 44

Condo -- New Listings = 134

Condo -- Current Inventory = 921

Condo -- Sell/Inv. Ratio = 4.78%

Condo -- Days to Sell = 128

Average Price: $244,118

Average Median Price: $216,250

Townhouse -- Sales = 32

Townhouse -- New Listings = 79

Townhouse -- Current Inventory = 456

Townhouse -- Sell/Inv. Ratio = 7.02%

Townhouse -- Days to Sell = 89

Average Price: $316,619

Average Median Price: $315,000

Lots -- Sales = 10

Lots -- New Listings = 102

Lots -- Current Inventory = 596

Lots -- Sell/Inv. Ratio = 1.68%

Lots -- Days to Sell = 147

Average Price: $345,390

Average Median Price: $212,500

Residential -- Sales = 132

Residential -- New Listings = 293

Residential -- Current Inventory = 1,483

Residential -- Sell/Inv. Ratio = 8.90%

Residential -- Days to Sell = 91

Average House Price = $466,382

Median House Price = $425,000

The Central Zone of the Okanagan Mainline Real Estate Board (OMREB) reported October 2010 sales activity of all MLS® property types increased from last month but continues to be well down from sales reported this time last year. A sharp decline in new listings continues to bring down overall inventory levels; however, there is still plenty of selection for Buyers.

Active listings fell 3.81% compared to last year at this time, and new listings taken in October were down 14.98% over October 2009 (755 compared to 888) and they also declined 14% from last month (875). While overall sales declined 37.56% compared to last October (to 271 from 434), year to date units sold have only declined 3.45%.

Total residential units sold decreased 39.66% from October 2009 (to 245 from 406) but improved marginally over last month. Year to date total sales volume for all property types is only 0.57% off 2009 year to date sales volume.

Complete OMREB Statistics and Statistical Graph for October 2010

If you would like more in depth statistics or have any general questions please contact me at (250) 808-7700 or at jason.neumann@century21.ca

Learn more about my Automatic Email Notification System and start your home search today!

Sincerely,

Jason Neumann

424/425 6808 Westside Road - Kelowna Real Estate - La Casa Lakeside Resort

Fri, 01 Oct 2010 14:35:26 -0700

Foreclosure Building Lot in Beautiful La Casa Resort

Court Ordered Sale! Terrific building lots at La Casa Lakeside Resort! Located at the highest point of the resort with back country access nearby. Bring your build ideas for your very own Okanagan retreat!

Resort amenities include: pool, tennis, private beach and much more!

Listing price is for either building Lot #424 or Lot#425 not together! Pictures are of the two individual lots which are located side by side.

For 21 high resolution professional photos, Google Street View and detailed property info please visit: www.LaCasaLots.com or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $99,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

#225/225A 255 Feathertop Way - Big White Real Estate - Big White Ski Resort

Fri, 01 Oct 2010 14:16:43 -0700

Sundance Resort is Big White's Family Playground!

This 3 bed 3 bath unit features a self-contained studio with lock-off which offers the versatility that a family or investor is looking for in todays real estate market. Quality finishings throughout including: stainless appliances, granite counter tops, central village location. Sundance Resort is famous for its ski in/out location and family friendly amenities!

Amenities include: great room with fireplace perfect for reading a book or just relaxing, pool table, exercise room, theatre room, steam rooms, play area for small childern, incredible outdoor saltwater pool with waterslide and two out door hot tubs. Pool has phenomenal views of the Monashee Mountians. This amazing ski home is priced well below assessment! Perfect winter getaway for the family or put in rental pool to help with carrying costs.

Big White Elementary is nearby for those wishing to live on the mountain full time with children. Not familiar with all what Big White has to offer? No problem, be sure to visit: BigWhiteMtnInfo.com for a completerundown on all things Big White! A great recreational investment and home away from home right here at Big White Ski Resort!

For 21 high resolution professional photos, Google Street View and detailed property info please visit: www.bigwhitesundanceresort.com or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $369,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

#305 770 Rutland Road - Kelowna Real Estate - The Legacy

Fri, 01 Oct 2010 13:56:07 -0700

Get living the "Legacy" lifestyle!

Tremendous value in this clean,bright and spacious 2 bedroom and 2 bath condo. Open floorplan boasts 9'-0" ceilings, independent ensuites and separate laundry room. Ideally situated and close to every amenity that a family could ever want. Schools and playground nearby. Enjoy fabulous mountain views from your southern faced deck!

This perfect family condo is located across from all levels of school: Rutland Elementary, Rutland Middle and Rutland Senior Secondary. Nearby amenities include the following: YMCA/YWCA, Boys and Girls Club, Ice Rink, BMX Track, Okanagan Gymnastics, McCurdy Bowling Centre, Grand 10 Cinemas, new Energy Plex, Rutland Parks and so much more.

For 21 high resolution professional photos, Google Street View and detailed property info please visit: www.RutlandCondo.com to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $234,900 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

#206 - 3739 Casorso Road - Kelowna Real Estate - Mission Meadows

Fri, 01 Oct 2010 13:18:33 -0700

Sleek and fun condo living in Mission Meadows!

Click here for HD 1080p YouTube video of the amenity building!

Nearby schools are: Casorso Elementary, KLO Middle School and Okanagan Mission Secondary.

Nearby amenities include: H2O Adventure + Fitness Centre, Capital News Centre, Parks and Beaches plus Shopping.

For 21 high resolution professional photos, Google Street View and detailed property info please visit: www.206missionmeadows.com to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $309,900 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

362 Trumpeter Court - Kelowna Real Estate - Upper Mission

Mon, 20 Sep 2010 14:52:30 -0700

One of the finest homes in the Upper Mission

A home beyond compare in Kelowna's coveted Upper Mission! Gorgeous finishings throughout this 4 bedroom 3 bath over 4,000 sq/ft. open concept rancher. Incredible attention to detail including: extensive granite counters in kitchen and marble bathroom countertops, wide plank hickory hardwood on main level, cork flooring on lower level, plush carpeting in bedrooms, heated travertine tile from foyer to laundry room, luxurious master retreat with access to massive wrap around deck, tri-fold doors bring the outdoors into the living room and don't miss the massive theatre room. Need a quick escape from the daily rigours of life? Visit your personal putting green (no booking time required) and get rid of some stress! Spacious two bedroom suite with full daylight office space is perfect for visiting guests or perhaps a B&B?

For an exhaustive detailed list of all this phenomenal home has to offer please visit: 362 Trumpeter Court Details

Nearby amenities are: H2O Adventure Centre, Capital News Centre, Boutique Shopping, Strip Malls, Public Parks and Beaches, Okanagan Lake Provincial Park, Mission Creek Greenway, Harvest Golf and Country Club

Nearby wineries are: Summerhill Pyramid Winery, St. Hubertus Estate Winery and CedarCreek Estate Winery.

Local schools are: Chute Lake Elementary, KLO Middle School and Okanagan Mission Secondary.

For 21 high resolution professional photos, Google Street View and detailed property info please visit: 362TrumpeterCourt.com or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $892,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

Kelowna and Central Okanagan Real Estate Sales Review for May 2010

Wed, 23 Jun 2010 18:37:43 -0700

Inventory levels continue to rise in the Central Okanagan real estate market. The inventory level increases for each month from 2009 to 2010 are as follows:

January 2010 = 15.50% February 2010 = 23.65% March 2010 = 27.29%

April 2010 = 16.68% May 2010 = 9.61%

If new listings coming onto the market continue to increase with slower overall sales, we could see another market correction and some downward pressure on pricing. The simple law of supply and demand could mean that buyers will see their investment dollars stretch a little bit further than they did one year ago. The month of June has seen several properties reduce their list prices to try and attract buyers sitting on the fence. There has also been a recent trend in the last month of higher than normal demand on brand new vacant product. This sudden surge of new product sales can be directly tied to the new 12% HST (Harmonized Sales Tax) that comes into effect on July 1,2010. I recently posted a Youtube video blog with information on how the HST Tax will relate to real estate purchases here in Kelowna BC and the Okanagan region.

Overview of Central Okanagan Stats for May 2010:

Ratio of Sales vs. Total Inventory = 6.80% (7.58% in April)

Condo -- Sales = 67 (56 last month)

Condo -- New Listings = 280 (260 last month)

Condo -- Current Inventory = 1195 (1091 last month)

Condo -- Sell/Inv. Ratio = 5.61% (5.13% last month)

Condo -- Days to Sell = 109 (128 last month)

Townhouse -- Sales = 62 (63 last month)

Townhouse -- New Listings = 150 (129 last month)

Townhouse -- Current Inventory = 504 (449 last month)

Townhouse -- Sell/Inv. Ratio = 12.30% (14.03% last month)

Townhouse -- Days to Sell = 80 (87 last month)

Lots -- Sales = 18 (24 last month)

Lots -- New Listings = 148 (144 last month)

Lots -- Current Inventory = 804 (748 last month)

Lots -- Sell/Inv. Ratio = 2.24% (3.21% last month)

Lots -- Days to Sell = 228 (294 last month)

Residential -- Sales = 187 (172 last month)

Residential -- New Listings = 528 (594 last month)

Residential -- Current Inventory = 1831 (1567 last month)

Residential -- Sell/Inv. Ratio = 10.21% (10.98% last month)

Residential -- Days to Sell = 75 (64 last month)

Average House Price = $509,472.96 ($460,417.18 month)

Median House Price = $460,000 ($425,000 last month)

If you would like more in depth statistics or have any general questions please contact me at (250) 808-7700 or at jason.neumann@century21.ca

Complete OMREB Statistics for May 2010

Sincerely,

Jason Neumann

June 2010 Real Estate Market Review of Central Okanagan MLS Listing Inventory

Wed, 23 Jun 2010 18:25:34 -0700

Current Active Central Okanagan MLS Listing Inventory as of June 22,2010:

Single Family Dwellings - 2354 properties including 8 pending offers ranging in value from $267,900 to $774,900

Strata - Condos - 1201 properties with 2 pending offers of $229,900 and $399,900 respectively

Strata - Townhomes - 563 properties with no pending offers at this time

Manufactured Homes - 233 properties with no pending offers at this time

Timeshare/Recreation - 37 properties with no pending offers at this time

Lots/Acreages - 835 properties with no pending offers at this time

Total properties for sale - 5223 Current Listing Inventory

There has also been a recent trend in the last month of higher than normal demand on brand new vacant product. This sudden surge of new product sales can be directly tied to the new 12% HST (Harmonized Sales Tax) that comes into effect on July 1,2010. I recently posted a Youtube video blog with information on how the HST Tax will relate to real estate purchases here in Kelowna BC and the Okanagan region.

If you would like more in depth statistics or have any general questions please contact me at (250) 808-7700 or at jason.neumann@century21.ca

Learn more about my Automatic Email Notification System and start your home search today!

Sincerely,

Jason Neumann

6324 Farmers Drive - Kelowna Real Estate - Ellison Estates

Mon, 31 May 2010 03:34:11 -0700

Rare offering of a log home in Kelowna! This incredible 5 bed, 4 bath nearly 4800 square foot log home is situated on a 10 acre estate like property. Have toys? Then this property has enough room for them all with a triple car garage at the base of the home, covered RV parking beside a massive 3 bay shop! The shop built in 2006 is 40' X 50' with 16ft.ceilings. There are (two) 10' X 10' doors, (one) 11' X 14' door. Power is supplied by a 200 amp service and have 2x6 constructed walls. A 2/12 pitch aluminum green roof. (matching the house) ,also attached is a 40' X 12' covered addition for motor home or trailer.

For a complete detailed point form list of all this amazing property offers as well numerous additional photos please visit: 6324FarmersDriveBlog

Local schools are: Ellison Elementary, Rutland Middle School and Rutland Senior Secondary. Nearby amenities include: Sunset Ranch Golf and Country Club, Kelowna International Airport and Ellison Market.

Located 15 minutes north of Kelowna and east of the Kelowna airport for easy accessibility. Two renowned ski hills, Big White and Silver Star, are only a 45 minute drive away. Internationally acclaimed golf courses are within a 20 minute drive. Water sports and fishing are available in Okanagan Lake and several smaller lakes in the area. Ten beautiful acres of pine forest overlooking the Kelowna Valley in British Columbia Canada. This magnificent log house offers an outstanding opportunity for either a holiday or full time home. This is a two story Douglas Fir log home completed in 1999 with an average ceiling height of ten feet per floor, a poured concrete foundation and a hunter green metal roof. The home is on a sloping site, offering a spectacular view of the Kelowna Valley, Okanagan Lake and the surrounding hills.

For 21 high resolution professional photos, Google Street View and detailed property info please visit: www.6324FarmersDrive.com or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $1.725M CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

310 Benchview Road - Kelowna Real Estate - Rutland South

Sat, 29 May 2010 17:30:35 -0700

Meticulously maintained 4 bed, 2 bath home with studio style mortgage helper! This perfect starter home has terrific curb appeal with a large covered deck. Home has been tastefully renovated over the past four years including: laminate flooring, kitchen counters, light fixtures, blinds and more. The peaceful backyard has mature landscape with cherry and plum trees. Home is situated on a quiet tree lined street in a family friendly neighbourhood. RV parking and large fenced yard are ideal for family pets and a must for all the toys!

Local schools are: Belgo Elementary, Rutland Middle and Rutland Senior Secondary. Nearby amenities include the following: YMCA/YWCA, Boys and Girls Club, Ice Rink, BMX Track, Okanagan Gymnastics, McCurdy Bowling Centre, Grand 10 Cinemas, new Energy Plex, Ben Lee Waterpark, and Plaza 33 shopping is just a couple of blocks away!

For 21 high resolution professional photos and detailed property info please visit: www.310BenchviewRoad.com or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $379,900 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

Kelowna and Central Okanagan Foreclosure Stats for May 2010

Tue, 25 May 2010 04:04:36 -0700

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 on the market

29 Strata Properties (Ranging in value from $159,990 to $3.90 Million)

43 Single Family Residential (Ranging in value from $249,900 to $3.05 Million)

April 2010 foreclosure sales tallied eight total or a decrease of four properties sold versus March 2010. There were no sales of building lots or manufactured homes in March 2010. Surprisingly, stratified properties accounted for six of the eight sales ranging in value from $220,000 to $490,000. The remaining two solds were residential homes of $268,000 and $561,000 respectively.

I have included a detailed breakdown for each of the April foreclosure sales below:

A 2 bed/2 bath 982 sq/ft. 2008 built condo in Lake Country listed for $229,900 and sold 84 days later for $220,000 - 4.5% discount off list price

A 2 bed/2 bath 1125 sq/ft. 2006 built condo in Rutland South listed for $234,000 and sold 72 days later for $230,100 - 1.7% discount off list price

A 2 bed/2 bath 1158 sq/ft. 2008 built condo in Carr's Landing listed for $234,900 and sold 336 days later for $241,100 + 2.64% over list price

A 2 bed/2 bath 1181 sq/ft. 2008 built condo in Carr's Landing listed for $243,000 and sold 183 days later for $243,000 a full price offer!

A 2 bed/2 bath 1316 sq/ft. 2008 built condo in Carr's Landing listed for $299,900 sold 221 days later for $299,900 another full price offer!

A 3 bed/3 bath 2884 sq/ft. 2005 built townhome in the Lower Mission listed for $529,000 sold 126 days later for $490,000 - 7.96% discount off list price

A 5 bed/1 bath 2525 sq/ft. 1970's built home in Rutland South listed for $282,900 sold 41 days later for $268,000 - 5.56% discount off list price

A 4 bed/3 bath 3300 sq/ft. 2000's built home in the Upper Mission listed for $572,000 sold 105 days later for $561,000 - 1.96% discount off list price

The total volume sales of foreclosure properties for April 2010 was $2,553,100 versus $4,312,525 last month. As always I like to remind my buyers that "there really is no guaranteed strategy to pick up foreclosure homes at greatly reduced prices." Foreclosure homes in the $400,000 or less range continue to be the most sought after and competed for homes in the courts. There continues to be buyers out there looking to purchase these Central Okanagan "Court Ordered Sales" that are willing to battle it out in the courts and pay in some cases well over list price. I cannot emphasize enough the importance of understanding the foreclosure process and how the BC Court System works prior to placing an offer on one of these properties.

If you would like more information on the court process or a detailed list of current foreclosures in Kelowna, West Kelowna and the Central Okanagan please contact me at (250) 808-7700 or jason.neumann@century21.ca

Sincerely,

Jason Neumann

1957 Knox Crescent - Kelowna South V1Y 1K9 "Court Ordered Sale"

Tue, 04 May 2010 01:22:36 -0700

Court Ordered Sale! Charming 2 bed, 2 bath character home located in family friendly quiet neighbourhood. Close to downtown core, beaches, hospital and shopping. Home has great curb appeal is fully fenced with rear laneway access to covered carport. Suite potential?

Nearby amenities include: boutique shops, strip malls, fine dining, parks, beaches and more! Local schools are: A.S. Matheson Elementary, KLO Middle School and Kelowna Senior Secondary.

For 21 high resolution professional photos, Google Street View and detailed property info please visit: http://www.1957KnoxCrescent.com/ or to book a showing time call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $320,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com

3410 Logan Court - West Kelowna V4T 1N4 "Westbank"

Thu, 15 Apr 2010 17:21:23 -0700

What an amazing deal! This 3, possibly 4 bedroom half duplex is move in ready. A super clean house with brand new roof, new lamaninte flooring, new carpet, new blinds, new fixtures, new baseboards and fresh paint. Located on a quiet cul-de-sac this great family home has a huge fenced backyard and boasts stellar panoramic views of the lake and surrounding mountains. Walking distance to Westbank shopping and close to parks, schools and beaches this perfect home is a jewel just waiting for the right family to come along.

Nearby schools are: Mount Boucherie Secondary School, Glenrosa Middle School and George Pringle Elementary.

For 21 professional high resolution photos please visit: 3410LoganCourt.com or for more details call Jason Neumann of Century 21 Assurance Realty Ltd. at (250) 808-7700.

Proudly offered at $279,000 CDN.

Sincerely,

Jason Neumann, REALTOR®
Century 21 Assurance Realty Ltd.
Cell: (250) 808-7700
Office: 1-888-301-2121
KelownaRealEstateNews.com