Tuesday, 24 April 2018

New Listing in Black Mountain. $799,900.00



Fantastic 2812 sq.ft walk-out rancher with a Legal Suite in desirable Black Mountain!! Vaulted ceilings, open concept, Master bedroom on main with Jacuzzi tub. Hardwood floors throughout. Features a very bright 1 bedroom 1 bath Legal suite (with separate laundry). Security system, hide-a-hose central vac. roughed-in. Enjoy your massive covered deck with beautiful mountain and valley views. Call or text Steve Higgins RE/MAX Kelowna 250.864.7893

Friday, 20 April 2018

Just Listed in Glenmore. $439,900.00


Large 3 bedroom, 2 bath townhome with 2 decks and a single car garage. This 1668 sq.ft. townhome is located in a family oriented area with schools close by. 
Beautiful laminate floors through out. Kitchen is bright with a formal dining room. Large master with ensuite and walk in closet. Self managed strata. Roof recently done.
Showings after 1pm daily. To book a showing please call or text Steve Higgins RE/MAX Kelowna 250.864.7893

Tuesday, 17 April 2018

March's Market Report

 What would a monthly newsletter be if we didn’t have some more government intervention into the housing market to talk about. I’m sure you have heard by now about the new Speculation tax announced by the BC NDP government. Calling this a speculation tax is, in our view, misleading. We already have a true speculation tax in Canada. It’s called capital gains tax. This new tax is really a wealth tax and in many cases punishes those who have scraped and saved to buy a vacation property years ago. They are not speculators. They are investors and vacationers who may now have second thoughts about having ties to BC. The NDP is calling it a speculation tax to get people onside with it. Unfortunately some only read the headlines and do not get the whole story. It’s easy to get people upset by blaming rising prices of homes on speculators. But our rising property values are increasing due to an influx of people wanting to move to Kelowna to raise their families, enjoy their retirement and plan for their future. True speculators are playing a small part in driving prices up, and actually, they will not be affected by this tax. A speculator buys to make a profit, they don’t buy homes and leave them vacant. They don’t hold properties for a prolonged period. The real issue is supply keeping up with demand. Cities and municipalities could help offset this by speeding up the approval process for new developments and increasing density in downtown neighbourhoods. When a development takes 2 or 3 years, or longer in some cases, to be passed, it only adds to the cost of the development the consumer ends up paying. This was a poorly thought out tax that will have many unintended consequences on tourism, employment, construction, retail and more. Enough about politics and taxes.
Let’s talk about our local market and see if these government measures announced in the past 6 months are starting to take effect. It’s hard to believe we are through the 1st quarter of 2018. Here are some of the highlights:
• The number of residential sales has decreased by 30.3% to 441 units for the month of March 2018 compared to 633 units in March 2017.
• Days on market has increased 18% to 53 days in March 2018 compared to 45 days in March 2017.
• The number of total listings has marginally increased from 1070 in March of 2017 to 1096 in March 2018.
• Year over year we have seen an upward trend in the average house price from an average house price in March 2017 of $640,969 to $734,197 in March 2018.
As we can see some of the numbers are starting to signal a shift in our market. We are seeing signs that are indicating we may be hitting our peak market. As we move through the next few months we will see if this is a small hangover from the mortgage stress test and new speculation tax announcements or if this is our new market reality.  

Sunday, 11 March 2018

Love Skiing then this is the Place for You!



Beautiful Big White Trappers Crossing Luxury 1 Bed Condo. Granite , Hardwood, Carpet & Tile Flooring. Heated Bathroom & Foyer Floors. Hot Tub on Deck with Mountain views. Perfect location near & level with Village - Walk to Everything. Ski to & From. New Hot Water Tank. Fully furnished Turn Key. Underground Parking. Just pack your suitcase and move in. Measurements are approximate, please verify if important. Please call or text Steve Higgins 250.864.7893

Thursday, 25 January 2018

New Listing on Sunview Dr. $619,000.00 REDUCED 599,900.00


This is not my listing as it is one of my personally owned rental houses.
Fantastic family home is spacious and bright, featuring vaulted ceilings and beautiful views. 3 bedroom plus huge office (could be fourth bedroom) in the main house, PLUS a separate one bedroom in-law suite on the main floor, with own entrance. Large fully fenced yard has lots of usable space, as well as lots of extra parking for RV'S, boats and toys! New roof 2013 and H/W Tank 2013. Tenant up in process of moving out, tenant down is aware of needing to move but would be happy to stay please call Jolene RE/MAX at 250-718-3939

Friday, 24 November 2017

Find out Your Home Value!!



Curious what your Kelowna or West Kelowna home is worth check out this new pilot project that RE/MAX Kelowna is trying out. Click on the link below and type in your address or any address you are curious to find out the approximate value. #REvaluation
https://www.remax.ca/…/steve-higgins-106786-…/home-estimates

Friday, 19 May 2017

Great Home, Great Price!!


Freshly painted 1407 sq ft home in the desirable Sunrise Village, age 45+ community, Kelowna South close to amenities, new hot water tank, Clubhouse includes; (pool, hot tub, exercise room, billiards/shuffle board, social kitchen & hall). Small Pet welcome, RV parking, Monthly pad rent $452 includes; (lot, water, sewer, garbage, property land tax, snow removal, Clubhouse, Pool), No Property Transfer Tax on purchase. Measurements are approximate, verify if important. Please call or text Steve Higgins RE/MAX Kelowna 250.864.7893

Wednesday, 26 April 2017

Live the Dream at Gallaghers!!




Live the Dream! Golf Resort Lifestyle - Wonderful townhome backing onto 12th hole. Quality built, 3 bedroom with many upgrades. Stainless steel appliances, R/O Water, Unique Huge stand-up Crawl Space. Large Front Courtyard. Patio & Deck. There is a Pool, Gym, Art Studio, Woodworking workshop, library, auditorium, restaurant not to mention World Class Championship Golf Course or play the 9 hole Pinnacle! So much to offer. Please call or text Steve Higgins RE/MAX Kelowna 250.864.7893




Spectacular Park Views from this beautiful Townhouse that is in a Gated Community beside the Shannon Lake Golf Course. This townhouse has heated updated flooring, 2 bedroom and 2 bathrooms comes with a single car garage. Your heat and water are included. Incredible value. Nothing to do but just move in and enjoy. Please call or text Steve Higgins RE/MAX Kelowna 250.864.7893

New Listing in Peachland $529,000.00

Bring your Toys to this Wonderful Family home with lots of Privacy. Huge .59 acre lot with room for RV, Boat and more. This home has 4 bedrooms, 3 baths and a great workshop. Osmosis water system. Valor Gas Fireplace. Very beautiful cottage like setting and Great Value. Please call or text Steve Higgins RE/MAX Kelowna 250.864.7893

Tuesday, 11 April 2017

How's the Market you Ask!

For most people in Kelowna, West Kelowna, and Lake Country, the first true sign of Spring is not the first robin we see but the street sweepers and they are at least 3 weeks behind! Now hopefully the rain has stopped we can wash our cars and they will stay clean for a few days. Seeing a bit more sunshine doesn’t hurt as well. It feels like we are finally exiting a longer than normal, winter hibernation. We’re all glad to be looking forward to our usual sunny warm days ahead.

Speaking of things to look forward to, the market continues to be active however, it is shifting in interesting ways. Check out the numbers below and note that sales are a virtual dead heat from last year; prices are up, and days to sell are down. Also, for prices under $560,000 sales are down noticeably but sales over this $560,000 mark are up 43% and over the $1M price, up 22% from March of 2016 to make up for the drop elsewhere.

If you are presently selling or trying to buy, these numbers come as no surprise. This is a Seller’s market and has been for some time. The nice thing about this time of year is that more listings come onto the market every day.

Here are some numbers for March 2017:

                                                         2016                2017
March Solds                                       635                 637
YTD Sold                                        1,317              1,313
Res. Prices-Mar. Avg                $566,762        $640,513   Up 13%
Res. Prices-Mar. Median           $518,000        $598,500   Up 15.5%
New Listings-Mar.                           1,130             1,069
Days to Sell                                          57                  45


Average Prices for Mar. 2017

Homes                         $640,513
Townhomes                $453,619
Condos                        $349,506
Lots                             $275,470

Saturday, 1 April 2017

Lake View, Vineyard and a Private Beach now that's a Location!!



This immaculate 5 bedroom/4bath 4108 sq. ft. home has just been listed for $898,900 and shouldn't last long. Open concept home with luxurious hardwood floors, a designer kitchen/large panty, with soaring vaulted ceilings. The wine room is incredible! There is also 2 bed suite with separate entrance. R/V parking and hookups. Access to Sunnyside Private beach & boat launch! Borders 18 acres of vineyard. Walking distance to Quails Gate Winery and the private beach. Call or text Steve Higgins RE/MAX Kelowna to view 250-864-7893

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