Monday, 25 April 2016

The Market is Wild!

The British Columbia Real Estate Association has reported that a record 12,560 residential unit sales were recorded by the MLS in March,that is up 38 per cent from March of last year. Home sales last month have eclipsed the previous record of 11,683 unit sales in May of 2007. Total sales dollar volume was $9.69 billion in March, up 66.9 per cent compared to the previous year.

The average MLS residential price in the province was up 20.2 per cent year-over-year, to $771,620. Housing demand has never been stronger in the province. Most large population centres of the province are now experiencing record levels of housing demand. This being true in Kelowna. With a strong employment growth, rising wages and a marked increase in net inter-provincial migration is fueling the consumer confidence. Supply imbalances are becoming increasingly common as new residential listings are not keeping pace with consumer demand. As a result, the inventory of homes for sale is at decade long lows in many regions.

The year-to-date, BC residential sales dollar volume has increased 70.1 per cent to $21.59 billion, when compared with the same period in 2015. Residential unit sales climbed by 39.2 per cent to 28,028 units, while the average MLS residential price was up 22.2 per cent to $770,408.

Saturday, 16 April 2016

Great Townhouse in Dilworth Estates with a View!!

Enjoy Beautiful Lake Views in this Dilworth Homes Built Townhouse. Upgraded Hardwood floors, 4 large Bedrooms. Open Concept Living Room and Large Family Room down. Great deck with Awning and lower level patio. End unit with visitor parking right beside. Built in Speaker & Central Vacuum. Security System, Glass Railing on Deck, Any size dog is allowed. Call or text Steve Higgins RE/MAX Kelowna to view 250-864-7893.

Friday, 25 March 2016

Can't beat the Views!

Amazing Custom Home that checks all the boxes. 5 large Bedrooms & Den. 5 Bathrooms, Luxury throughout. Granite, Hardwood, High End SS Appliances. 2 Fireplaces, 2 Master Bedrooms. High end 1 bed suite with 2 decks. Media Room, Wine Cellar, Crown Moldings throughout. 3 Car Garage with Tandem for Shop or Toys. Patio with 2 sided Gas Fireplace and built in BBQ & Fridge. This House Has it all. Room for a pool too. Views of the Lake and UBCO on one side and the Airport on the other. 2 Championship Golf Courses Nearby. Walk to UBCO. New Shopping Coming to Area. Call Steve Higgins RE/MAX Kelowna to view 250-864-7893

Sunday, 20 March 2016

It's all about the Location!

Walk to Downtown from this Fantastic Location. 2 beds, 1 bath or 1 bed & Very Large Den. You decide! Updated kitchen, & flooring. Dining and living rooms with fireplace. Large Laundry and storage in suite. Underground parking, with guest parking and storage locker. 2nd bedroom/Den doesn't have a window. Call or text Steve Higgins RE/MAX Kelowna for private viewing. 250-864-7893

Country Living almost in the City!

Solitude and Serenity is waiting for you along with a shop for your Hobbies. 4 Bedroom 3 bath, 2 Storey home with an unfinished basement ready to be customized. Great Location beside acreages and surrounded by mature trees. Room to park your RV and Boat. Beautiful yard. A Must see. Call or text Steve Higgins RE/MAX Kelowna 250-864-7893

Friday, 18 March 2016

Just a Quick walk to Downtown!

With this great Location you can walk to Downtown. Half duplex with upper level beautifully updated. This Bi-Level has 2 bedrooms up, 2 bedrooms down and 2 bathrooms. It is 1 block away from Bankhead School & Lombardy Park. This home has a separate entrance that would allow for in-law suite potential. To see this home call or text Steve Higgins RE/MAX Kelowna 250-864-7893

Thursday, 10 March 2016

Location, Location! Won't last long!

High End Luxury in a Awesome Location in walking distance to downtown Kelowna. 2 Bed/ 2 Bath Top Floor, Hardwood, Gas Fireplace. Quiet building.  1 Dog & 1 Cat are allowed. Very rare offering in this building. There are Rental restrictions. Waiting list. Convenient Parking Space, a 4x8 Storage Locker. Call Steve Higgins RE/MAX Kelowna 250-864-7893 for viewing.

Friday, 4 March 2016

Hot on the Market Today!

This Townhome is in Show Home Condition! Within walking distance to 3 schools and a park. Granite Counter tops, Hardwood, Tile, Vaulted Ceilings, Central Vacuum. Private Backyard. Beautiful Kitchen Open Concept. 4th bedroom or could be a Family Room. Feels like a home that would sell for hundreds of thousands of dollar's more! Family neighborhood. Pets are allowed 1 Dog 17" or smaller or 1 Cat. Stainless Steel Appliances have extended warranty. Must see! 1st time Buyers don't pay Transfer Tax. Call Steve Higgins RE/MAX Kelowna to view. 250-864-7893.

Friday, 19 February 2016

Another Great Investment or to Live In!

Great Investment Opportunity. 2 Beds, 2 Baths, 2 Parking stalls. Steps to 2 Great Golf Courses & UBCO. Granite countertops. Large balcony. BBQ, Rentals and pets allowed. Outdoor Pool, Hot tub, and exercise facility. Tenants willing to stay, lease up end of June they are renting for $1275/month. Or move in yourself this summer. Call Steve Higgins RE/MAX Kelowna to view. 250-864-7893

Screams Great Investment!!

Fully Furnished & Equipped 2 Bed + Den with 2 Parking Spots. Right beside 2 excellent golf courses and close to UBCO & Kelowna Airport. Great investment opportunity with tenant or you can move in and enjoy. Pets allowed. This is a Turnkey investment with tenant willing to stay, it is leased to the end of August. With Mountain, City and Valley Views.  Call Steve Higgins RE/MAX Kelowna 250-864-7893

Tuesday, 16 February 2016

2016 Off to a Good Start

The British Columbia Real Estate Association has reported that a total of 5,831 residential unit sales were recorded by MLS last month, that is up 33.2 per cent from January of last year. Total sales dollar volume was $4.39 billion in January, up 69.1 per cent compared to the previous year.

The average MLS residential price in the province of BC was up 26.9 per cent year-over-year, to $752,906. The BC housing market is continuing to build on momentum from a very strong 2015 with the majority of it coming from Vancouver. Heightened demand is being met with the lowest level of supply in a decade, resulting in increased pressure on prices in much of the province. 

The housing market has seen a roaring start to 2016, with housing demand supported by low mortgage rates and rising employment and wage growth in the province. However, MLS residential sales are forecast to edge lower this year. Total MLS sales last year were the third highest on record at 102,517. A record 106,310 residential unit sales were recorded in 2005, while the only other year passing 2016 was  2007 when 102,805 unit sales were recorded.

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