Monday, 21 July 2014

New Listing in Prestigious Dilworth Mountain Estates!

  Executive 2 Story with a Walk Out Basement. Panoramic view of mountains. 10'-14' ceilings, pillars, beams, 4 bed/3bath, cul de sac, inground POOL, quality finishing, prestigious Dilworth Mountain Estates location, In-law suite. OUTSTANDING home for this price! Call Steve Higgins RE/MAX Kelowna for private viewing. 250-864-7893

New Listing on the Beach in Kelowna!!




On the Lake with Sandy Beach & Amazing Lake Views. Complex is having approx. $2.5 Million in renovations. 2 Large Decks off of Loft & Living Room. 2 Beds & 2 Baths with Loft which could be a 3rd Bedroom, Office or Family Room. Huge windows with gorgeous views. 

On Okanagan Lake, San Ocello is undergoing a major facelift with over $2.5 million being spent on the complex! There is great opportunity to get into this 2 bed, 2 bath lofted LAKEVIEW townhouse unit only steps to 200 feet of sandy beach.

All offers much include Schedule A & C. No offers until July 21st. Unit is winterized and requires 48 hours notice to allow water to be turned on. Only after an accepted offer is received. Please call Steve Higgins RE/MAX Kelowna for showing requests. 250.864.7893
 




Thursday, 17 July 2014

Evacuations due to Wildfires information for you Pets

ANYONE AFFECTED BY THE FIRE AND THE EVACUATION IN THE SMITH CREEK AREA..HERE IS SOME INFO..PLEASE HELP YOUR NEIGHBORS IF THEY NEED HELP WITH TRANSPORTING PETS ETC...

Smith Creek Wild fire - UPDATE( news release 4) posted 4:45 pm
An evacuation order has been expanded to include the Smith Creek Neighbourhood, Tallus Ridge Estates, Alexandria Way and Shannon Woods.

Evacuees should report to the Emergency Reception Centre set up at Lakeview Heights Baptist Church at 2630 Alhambra Drive, near the intersection of Highway 97 and Hudson Road.
Residents needing transportation assistance are required to contact 250-469-8490. Residents should close windows and doors, shut off all gas and electrical appliances except fridges and freezers. Gather family and pets, on leash, and take only key items like wallet, purse, keys and medicine.
July 17, 2014: 3:30pm

Members from The Canadian Disaster Animal response team ( CDART) are mobilizing to head out to the reception centre at Lakeview Heights Baptist Church at 2630 Alhambra Drive, to set up for assisting evacuees. Please let them know if you have left any pets behind at your residence if you are unable to go back to your house after you get off of work.

http://cdart.org/whatwedo.htm
Thank you @Kelowna/Okanagan lost and found pets for the info and Paws it Forward

Home Sales Surge Higher in June


The British Columbia Real Estate Association (BCREA) reports that a total of 8,989 residential sales were recorded by the Multiple Listing Service® (MLS®) in June, up 24.9 per cent from June 2013. Total sales dollar volume was $5 billion, an increase of 30.5 per cent compared to a year ago. The average MLS® residential price in the province rose to $556,977, up 4.5 per cent from the same month last year. “Home sales finished the second quarter on an upward trend,” said Cameron Muir, BCREA Chief Economist.

 “The increase in provincial housing demand was broad-based, with the largest year-over-year increases occurring in the Okanagan, the Kootenays and Chilliwack.” Home sales climbed 46 per cent in the South Okanagan and nearly 30 per cent in the Okanagan Mainline Real Estate Board area. In addition, home sales rose 36 per cent in the Kootenays and 33 per cent in Chilliwack compared to the same month last year.

 Market conditions also continued to improve, with the Okanagan and the Lower Mainland even flirting with sellers’ market conditions. During the half of the year, BC’s residential sales dollar volume was up nearly 26.8 per cent to $23.8 billion, compared to the same period last year. Residential unit sales were up 18.5 per cent to 41,883 units, while the average MLS® residential price was up 7 per cent at $568,499.

Courtesy BCREA

Thursday, 26 June 2014

Traders Cove REDUCED to $460,000.00



Incredible Views. Awesome entertaining Deck Overlooking Lake Okanagan and City of Kelowna. Very nice 3 Bedroom plus a walk out basement currently rented as a suite. New Ikea Kitchen with Island, maple hardwood and Stone Fireplace. Many updates. This is an awesome opportunity to live by the lake within minutes of Kelowna.  
Must include Addendum A with all offers. AS IS WHERE IS. Bachelor suite is currently rented month to month. Lock Box is on railing beside the front door on left side of house. All measurements are approximate. Verify if important. Heat pump requires repairs approximately $500. Call Steve Higgins RE/MAX Kelowna 250.864.7893 to view.

Recreational property values enjoy major rebound in some areas of B.C.

Three Vancouver Island locations, as well as Kelowna, are enjoying a recreational-property resurgence, a new RE/MAX report has shown.

The median price in Tofino on Vancouver Island leaped ahead 24 per cent from May 2013 to May 2014, with nearby Ucluelet recording an 11-per-cent jump in the same period. Mount Washington the Vancouver Island ski resort and the year-round getaway of Kelowna had housing prices climb seven per cent in the last year.
Part of this is Canadians are once again finding value north of the border, after a serious housing slump in the U.S. and a powerful loonie saw many choose Phoenix over the Okanagan when it came to getaways.
Now with the U.S. market rebounding, prices are up 25-30 per cent in Phoenix and a diving dollar trading in the 90-cent-US range has turned eyes northward. We are seeing Canadians investing in Canada again. People are looking at lifestyle and legacy. With technology the way it is, you can do business from your second home here in Kelowna.

Monday, 23 June 2014

New Listing in Spring Valley $369,000.00





Spring Valley Bi-Level on .22 acre fenced lot. 3 bedrooms, 2 baths with family room and large office on lower level. Separate entrance so you could suite it if you wanted too. Ready for you to make it your own. Lots of potential for a 4th bedroom or in-law suite. Call Steve Higgins RE/MAX Kelowna for more information and to view. 250-864-7893

Friday, 13 June 2014

Wine Season in the Okanagan.

It is that time of the year again when the tourist's will be coming in droves to the Okanagan. Taking in all the beautiful scenery and sights along with the wineries. Here are a few tips to enjoy your wine country experiences.

Call ahead and book your tours and tastings, especially if you are traveling in a group. Some wineries require reservations.

Be careful, all that wine tasting can add up so please ensure you have a designated driver.

Eat many wineries have restaurants so take advantage of them to enjoy a meal and the view. Some wineries do have picnic areas if you would like to bring your own lunch.

Last but not least enjoy your time here! Remember wine spoils in a hot vehicle. Bring a long a cooler with you so you don't have spoiled wine when you get home!

Strongest May since 2007!!

The British Columbia Real Estate Association (BCREA) has reports that a total of 8,729 residential sales were recorded by the MLS in May, up 13.9 per cent from May 2013. A total sales dollar volume was $4.9 billion, up 20.6 per cent compared to a year ago. The average MLS residential price in the province rose to $565,233, up 5.8 per cent from the same month last year.

Consumer demand was noticeably stronger last month, with unit sales posting their highest level for the month of May since 2007. .With rock bottom mortgage rates are inducing many would-be home buyers to enter the market this spring.

With most BC markets now in balanced conditions, home prices are up in nine of 11 board areas. During the first five months of the year, BC residential sales dollar volume was up nearly 26 per cent to $18.8 billion, compared to the same time last year. Residential unit sales were up almost 17 per cent to 32,894 units, while the average MLS residential price was up 7.7 per cent at $571,648.

Friday, 16 May 2014

HOUSING DEMAND TO RISE THROUGH 2015



Multiple Listing Service (MLS) residential sales in British Columbia are forecast to increase 5.2 per cent to 76,700 units this year. Stronger economic conditions in 2015 are expected to push MLS residential sales up a further 6.7 per cent to 81,800 units. Consumer demand largely recovered last year after a marked pull-back in 2012. While growth in consumer demand is likely to be more muted during the first half of 2014, a more elevated level of demand is expected for the balance of the year and through 2015. 
 
Relatively weak economic growth at home and abroad over the past few years has limited housing demand in the province to below average levels. However, that dynamic is changing as stronger economic performance in the US, China and Japan will push up commodity prices and propel BC exports higher. In addition, BC consumers appear to be spending again after sitting out the better part of the last two years. The combination of stronger performance in the export sector combined with an elevated level of consumer spending is expected to generate increased job growth in the province in both 2014 and 2015. Real GDP growth in BC is forecast to rise 2.4 per cent this year and a further 2.7 per cent in 2015. 

Housing market conditions have shifted to balance in most regions of the province, with home prices edging higher. Consumer demand was up nearly 20 per cent during the first
quarter compared to the same period last year, while total active listings were down nearly 10 per cent. With stronger economic conditions on the horizon and mortgage interest
rates at rock bottom, BC’s housing markets are poised for an extended period of relatively robust demand and moderately rising prices.
The average MLS residential price in the province is forecast to increase 4.3 per cent to $560,600 this year and a further 2 per cent to $571,600 in 2015. After a modest decline in new construction activity in 2013, BC housing starts are forecast to rise approximately 2 per cent in both 2014 and 2015. Most BC markets appear well supplied and further expansion of the housing stock will likely be limited to modest increases in population and household growth. 

However, beyond 2015 strong growth in the population of those aged 20 to 44 will put pressure on new home inventories and drive up new construction activity, particularly multiple units that cater to price sensitive first-time buyers.

Courtesy of BCREA 

If it is views you want....here is your new HOME!





Incredible Views. Awesome entertaining Deck Overlooking Lake Okanagan and City of Kelowna. Very nice 3 Bedroom plus a walk out Basement currently rented as a suite. New Ikea Kitchen with Island, maple hardwood and Stone Fireplace. Many updates. This is an awesome opportunity to live by the lake within minutes of Kelowna. Must include Addendum A with all offers. As is where is. For viewing please call Steve Higgins RE/MAX Kelowna 250.864.7893

Tuesday, 13 May 2014

Record Low Mortgage Rates Push Home Sales Higher


Vancouver, BC – May 13, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 7,730 residential sales were recorded by the Multiple Listing Service® (MLS®) in April, up 12 per cent from April 2013. Total sales dollar volume was $4.3 billion, an increase of 19 per cent compared to a year ago. The average MLS® residential price in the province rose to $561,613, up 6.3 per cent from the same month last year. "BC home sales trended higher in April as the typically robust spring market unfolds,” said Cameron Muir, BCREA Chief Economist. “Rising consumer demand coupled with fewer homes for sale has most BC housing markets now exhibiting balanced conditions, where neither buyers nor sellers have any particular advantage. Housing affordability improved last month as intensifying completion for new business by financial institutions pushed the posted five-year fixed mortgage rate to a record low of 4.79 per cent. During the first four months of the year, BC residential sales dollar volume was nearly 28 per cent to $13.9 billion, compared to the same period last year. Residential unit sales were up 18 per cent to 24,165 units, while the average MLS® residential price was up 8.3 per cent at $573,965.

Courtesy of  BCREA

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