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.

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