central okanagan market statistics: BCREA Forecasts First Quarter for 2009 - 02/05/09 10:36 AM

The average residential home is expected to decline 13% to $396,600 in the province of British Columbia. 
Residential sales are also being fore-casted to decrease by 9% from 68,923 unit sales in 2008 to 62,650 unit sales.
Cameron Muir, Chief Economist for BCREA says "Downward pressure on mortgage rates and lower home prices are providing much needed improvement in home affordability.  Increasing affordability and significantly lower housing starts are setting the stage for a healthier market in the years to come."
I agree with Cameron Muir's assessment of the current real estate market in British Columbia.  With average home values adjusting … (0 comments)

central okanagan market statistics: The reasons to buy a home in the Central Okanagan keep getting better! - 01/29/09 06:11 AM
As a Realtor® I am often asked questions such as:
"How's the Real Estate Market?", "Do you think the Real Estate Market will crash?" and my personal favorite "What do you think is going to happen in the Real Estate Market this year?" The track record of those who try to forecast the ups and downs of any market is exceptionally poor, so let's consider what is factual about the current real estate market in Central Okanagan currently.  Certainly, it is much more of a Buyer's market than we have seen in recent years.  Sellers also are starting to recognize the change in … (4 comments)

central okanagan market statistics: Foreclosures are a rarity in the Kelowna Real Estate Market!!! - 01/16/09 03:27 AM

Foreclosures are few and far between in the Central Okanagan today.  The Kelowna Real Estate Market has returned to more of a balanced one with homes taking longer to sell and buyers have more selection.  There are also a number of "Subject to Sale" deals where one home owner is waiting for another home owner to sell their property before completing on their agreement.  This certainly has a bit of a domino effect and requires the patience of all parties involved.  I have put together the current listing inventory for the Central Okanagan Region.
Current listing inventory is as follows:
Single Family Dwellings - … (4 comments)

central okanagan market statistics: December 2008 Stats for the Central Okanagan - 01/11/09 04:06 PM

Although many real estate markets across Canada have been very sluggish in terms of sales, the month of December for sales in the Central Okanagan were quite encouraging.  Kelowna and its many neighbourhoods are still considered to be among the most desirable to live in anywhere in this great country of ours.  For complete December 2008 Stats for the Central Okanagan please visit: OMREB Stats
Here's the break down on the December 2008 sales stats:
Lots and Acreages - 1 sale
Manufactured Homes - 8 sales
Single Family Residential - 74 sales
Strata (Condos & Townhomes) - 37 sales
Total December Sales: 120
Looking at just the … (0 comments)

 
Jason Neumann, Realtor - www.KelownaRealEstateNews.com (Century 21 Assurance Realty Ltd.)

Jason Neumann

Realtor - www.KelownaRealEstateNews.com

Kelowna, BC

More about me…

Century 21 Assurance Realty Ltd.

Address: #100 1634 Harvey Ave., Kelowna, BC, V1Y 6G2

Office: 250(869) 010-1226

Mobile: (250) 808-7700

To share ideas with other Active Rain bloggers and learn about new innovative ideas. To provide my Buyers and Sellers with the best in online marketing services in the real estate industry! Get the Jason Neumann Kelowna Real Estate Blog widget and many other great free widgets at Widgetbox! Jason Neumann



Listings

Links

Archives

RSS 2.0 Feed for this blog