New Listing Mobile Home in West Kelowna $24,000.00

Great Price to Own Your Own Home! Lots of extra room and 2 Sheds. 2 Beds plus a Family Room/Den. Ready for your touch. Walk to the Lake. Bus nearby. No Pets or Rentals. 55+ Park. Pad rental $459.28. Electrical was completed in July. With a view of Mission Hill Winery. Home is vacant.

Park Owner wants this home sold pronto!  Room Measurements approximate. Measure if important.

Call Steve Higgins RE/MAX Kelowna 250-864-7893

Market Report for January

Buyers felt slightly more optimistic to the start of 2013 than in the last few years.
Overall sales were up 3.8% in the Central Zone in comparison to the same month last year as reported by the Okanagan Mainline Real Estate Board.

In January, 219 properties traded hands in comparison to 211 in 2012. These sales represented a sales volume improvement of over 17% and equated to a dollar volume of $87.7 million in comparison to 2012’s dollar volume of $74.8 million. The continued low cost of borrowing buoyed demand as reflected in the total residential sales for last month rose 4.2% with 197 units sold versus 189 units sold in January of last year.

The sales volume for total residential sales also increased a significant 17.51% representing over $49 million in comparison to $42 million last year. The single family homes and townhouse sector showed an improvement of 4.9% and 16% respectively. The average for all types of Residences was also up 8.93% and came in at $394,815 in comparison to 2012’s $362,440 average.

This total takes into account all styles of residential living including mobile homes, duplex’s, recreational real estate, timeshares, apartments and townhomes. Values and marketing times vary depending on location, property type and price range.

November's Housing Market

November proved steady though slightly off pace in comparison to last November. With 566 properties being listed in the Central Okanagan which represents a 1.22% decline. The trend of fewer listings has been a continuous theme during this year as inventory levels declined with 9,926 properties being listed which is down 4.82% from last year’s 10,429. Our existing inventory was reduced by the 271 properties that traded hands in November which is down 4.91% from the 285 units sold in November of 2011. Bucking the trend however is year-to-date unit sales which are up 7.65% with 3,717 units sold this year in comparison to the 3,453 that occurred last year. Sales volume trended similarly to unit sales in that it too is up 7.97% year to date at $1,459,386,762. Sales volume continues to be bolstered by record setting affordable interest rates.

The average sale price of single family residential homes in November was $470,578 which is up slightly from our year-to-date average of $468,157. If we include all types of residential properties, such as condominiums, townhomes, mobile homes and duplex’s, average sales for the month of November were $418,654 which is quite strong in comparison to our year-to-date average of $401,821.
Another notable trend is the extended marketing times that our local market is experiencing. Last November, it took 116 days to sell a property while this November it took 131 days to sell, which is up a significant 17.59%. Year to date it has taken 116 days to sell on average in comparison to 2011’s 105 days which is up 10.87%.

Increased year-to-date sales in Duplex’s – 38.46%, Triplex & Fourplex – 25%, Farms – 25%, Multi-family – 33% and Residential and Commercial Land – 26% & 25% are positive market indicators of increased consumer confidence locally. Now if we could just get our recreational/secondary buyers back!

SOLD!! After 91 days on the market!

You can find this home at 180-720 Commonwealth Road.
This home is in immaculate condition. ALL NEW appliances including ceramic top convection stove with built in microwave oven & fridge. Laundry rm with new front load washer & dryer. Huge kitchen with tons of cupboards and counter space. Dining area with built in buffet. Large Master bdrm & en-suite with new glass tile shower & good sized closet. 2nd bath is totally updated and has a nice soaker tub. 2nd bedroom has a separate entrance. Spacious Living room and bonus family room with French doors leading to large covered deck. Family room and Office can be used as extra bedrooms. New roof on addition as well as storage shed. Covered carport along with tons of additional parking. Maintenance free yard. Quiet 55+ adult street across from Holiday park with all the amenities. Great for seniors looking for nice sized home in great shape. Boating and golfing nearby. Just move in and enjoy your new home! Call Steve Higgins with RE/MAX at 250-864-7893 for your private showing. Click on link for virtual tour. http://marketing.remaxdesigncenter.com/95/128095/1716950/index.ipv