Saturday, 4 February 2017

New Listing in Rose Valley $699,000.00

Beautiful Mint Condition Walkout Rancher on a quiet Cul-de-sac, perfect for a young family. 3 Bedrooms Up and 2 down. Open concept floor plan with large Recreation down as well as a media or a fitness room. Gas fireplace, beautiful ensuite off of large master. Hardwood floors, stainless steel appliances. Fenced yard. Walking distance to West Kelowna's newest elementary school. Call or text Steve Higgins RE/MAX Kelowna 250-864-7893 to view.

Friday, 30 December 2016

New Listing in Shannon Lake!

Excellent Family Home in Shannon Lake. Huge 4 bedroom home with 2 full floors of finished space and a full unfinished basement wired for in-law suite ready to be completed. Maple kitchen with island, hardwood floors. Over 4,000 square feet when completed. Ready for home business. Great potential. Call or text Steve Higgins RE/MAX Kelowna 250-864-7893  for showings.

Wednesday, 14 December 2016

New Listing in Glenmore......don't wait on this one!

PERFECT FAMILY HOME is waiting for you ! Centrally located within walking distance to top-notch elementary and middle schools, this 4 bedroom plus den, 4 bath home has everything you were looking for. Completely updated throughout, there is nothing to do but move in and enjoy the space. This home won't last in the much desired North Glenmore neighborhood, so act quickly before its gone. Please call or text Steve Higgins 250.864.7893

Thursday, 24 November 2016

New Listing in Black Mountain $775,000.00

This Gorgeous Custom Built Walkout Rancher has amazing lake views. High end finishes throughout including beautiful hardwood floors and 11' ceilings. Stunning master bedroom and 2nd bedroom or office/den on main floor. Heated floors in ensuite, kitchen, pantry and the entire lower level. Walk out basement with 9' ceilings and separate entrance to be easily suited. Beautiful Rec Room with Bar and Wine Cellar. 2 very large bedrooms down. Granite Countertops, Hardwood, Nuvo Sound System throughout the home and 2 decks. Bubble Tub, RO Water Filters, topless glass deck, closet organizers, French doors with Phantom Screen and much much more. You must see this house to appreciate all the extras. Call or text Steve Higgins RE/MAX Kelowna 250-864-7893 to arrange a private showing.

Wednesday, 9 November 2016

October Market Report

The month of October felt like a wet blanket was laid over the entire valley! However, the damp weather didn’t seem to dampen the real estate market. Our market continues to show its typical downward trend as we head into winter, but sales showed a year over year increase of 29.51%.

Here are some of the highlights:

Listing inventories increased slightly. Listings were 699 for the month of October this year compared to 644 for October 2015, an 8.54% year over year increase. 

Sales are still increasing year over year, but the percentages are tightening up as we move into the fall/winter market. Sales were only up 10.67% in October - to 529 in 2016 from 478 sales in 2015.

House prices are up - The price of a single-family home in October 2016 was $613,148 compared to $524,974 in October 2015, an increase of 16.8%.

Houses are selling faster - The average number of days on the market for residential properties has decreased to 50 days in October 2016 from 67 days in October 2015. There continues to be talk in the media about the house prices in Canada and the need to cool down overheated markets although most of the country isn’t experiencing what Toronto is and what Vancouver once was experiencing. On a bright note for Kelowna, the new CHMC Housing Market Outlook just released, shines a very steady light on Kelowna.
The report is reinforcing what we are seeing, that the Kelowna market will continue to see moderate but steady growth for 2017 and 2018.

Here are a couple of highlights from the report: 

A significant increase in multiple-family housing starts along with steady construction of single-detached homes will result in a higher number of total housing starts in 2016 with some moderation in 2017 and 2018.
MLS sales will end the year at a new record level followed by some moderation over the forecast horizon. MLS average prices are expected to increase significantly in 2017, partially as a result of a shift towards more high-end sales, followed by more modest gains through 2018.

Population growth is expected to remain steady while employment is expected to pick up, supporting housing demand. As I feel we live in one of the best cities in Canada, we can expect a continued interest in Kelowna and our real estate market.

Monday, 12 September 2016

New Listing in West Kelowna.

Just hit the market in West Kelowna!! This home has a gorgeous view of the lake, mission hill winery and mountains. Nicely maintained with 4 bedroom, 3 bathroom plus den home. With an updated bright in-law suite in the basement. Over-sized deck, tile and laminate flooring, with 2 separate laundry's. Great yard with fruit trees, workshop and more!

Saturday, 13 August 2016

New Listing in Glenrosa! Not Going to Last Long!!

Wonderful Home 3 bedroom home with a 1 bedroom suite located in a nice family oriented area close to schools and hiking trails. The 1 bedroom suite has a separate entrance through garage that was partially converted for suite entrance. Suite could be converted back to living space as 1 large home. Workshop with access has great potential for small business or hobbies. Room for the boat, RV and all the toys. Fully fenced for the dog. Priced to sell. Please measure if important. All measurements are approximate. Stairs to suite closed off but could be easily opened up for additional space. Home is vacant. Please call or text Steve Higgins RE/MAX Kelowna 250.864.7893

Thursday, 21 July 2016

June's Market Report

The British Columbia Real Estate Association reports that a record 12,906 residential unit sales were recorded by MLS in June, up 14.3 per cent from the same month last year. The total sales dollar volume was $8.97 billion in June, up 25.7 per cent compared to last year. The average MLS residential price in the province was up 10 per cent year-over-year, to $694,925

With the robust housing demand in the Lower Mainland, Vancouver Island and the Okanagan drove the sales growth up in June and at the same time, the inventory of homes for sale continues to slide lower creating  very tight market conditions around the province. The supply of resale homes is remarkably low across BC particularly so in Victoria, the Fraser Valley and here in Kelowna in certain price ranges it is very hard to find homes. What little that there is on the market in the $300,000-$550,000.00 price range is gone right away if it is priced right.  

Year-to-date, BC residential sales dollar volume increased 53.2 per cent to $49.9 billion, as  compared with the same period in 2015. Residential unit sales climbed by 30.6 per cent to 67,361 units, while the average MLS residential price was up 17.3 per cent to $741,150.

Sunday, 17 July 2016

A Gardener's Dream in Lake Country

Incredible Panoramic Lake Views from this 1.24 acres of land. This home is a Walkout Rancher with 4 very large Bedrooms and 4 Baths, with a huge Family Room. It also has a 1 Bedroom Suite in the walkout basement.
There is a 1400 SF Shop/Barn which would be perfect for your business or hobbies. The Barn/Shop has a second level loft with a ton of potential
This Beautiful property offers total privacy and is only steps away from 4 Wineries and Davidson Elementary School. There is lots of room for parking the RV, boat and more. Bring your hobby and imagination.
This property could be a gardeners dream.
Call or text Steve Higgins RE/MAX Kelowna to arrange viewing. 250.864.7893

Thursday, 30 June 2016

New Listing in Magnolia Gardens $212,000.00

This 780 sq.ft. condo is a bright 1 bedroom and 1 bathroom with South East Exposure,
with a large  modern kitchen and eating bar. Open Dining and Living room floor plan.
Large deck. Has a clubhouse with an exercise area. Your own 5x7 storage locker.
There is also a hobby-workshop area, guest suite if needed, small pets <16" are allowed.
This building is a 19 years+ building. Great location close to shopping and transit.
Parking spot.
Call or text Steve Higgins RE/MAX Kelowna 250.864.7893

Tuesday, 28 June 2016

Just Hit the Market! $225,000.00

This corner unit is a 2 bedroom and 1 bath in a great location within walking distance to downtown. If you would like to live downtown here is your opportunity. It is also a great investment as a rental. This building allows rentals with no age restrictions. Any size dog allowed. Offers presented Thursday June 30th. Call or text Steve Higgins RE/MAX Kelowna to view 250-864-7893

Saturday, 25 June 2016

BC's Market is Hot!

The British Columbia Real Estate Association is reporting that a record 13,458 residential unit sales were recorded by the MLS in May, up 32.3 per cent from the same month last year. Home sales last month have exceeded April's record of 12,969 units. Total sales dollar volume was $9.72 billion in May, up 51.1 per cent compared to the previous year.

The average MLS residential price in the province was up 14.2 per cent year-over-year, to $722,146. We have to take in account that Vancouver is driving this. Record housing demand and dwindling inventories are continuing to push home prices higher in most BC regions. With total active residential listings across the province are nearly 30 per cent lower than twelve months ago. New home construction activity is at a near record pace in the province. In the Metro Vancouver market, a record number of homes are now under construction. Once the current crop of homes are ready for occupancy there will likely be more selection for home buyers and less upward pressure on home prices.

Year-to-date, BC residential sales dollar volume has increased 62 per cent to $41 billion, when compared with the same period in 2015. Residential unit sales climbed by 35.2 per cent to 54,455 units, while the average MLS residential price was up 19 per cent to $752,105.00

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