3210 Broadview Road, West Kelowna

This 2360 sq ft updated home has 3 bedrooms and 3 bathrooms on almost 1 acre of privacy. Lake views and tons of parking for all your toys. Bright, open floor plan with easy suite potential. Backs on to ALR. Zoned RU4. There is development potential or perfect for your home based business. Half the garage is ideal for a home workshop. New Forced Air Furnace, ducts and air conditioning. New HWT, Windows, Kitchen & Bathroom Cabinets, Granite , Flooring, Light Fixtures & Paint. 

Please have buyers sign Covid 19 form for your file. Please wear gloves and masks and leave the lights on.

Just Hit the Market! $225,000.00

This corner unit is a 2 bedroom and 1 bath in a great location within walking distance to downtown. If you would like to live downtown here is your opportunity. It is also a great investment as a rental. This building allows rentals with no age restrictions. Any size dog allowed. Offers presented Thursday June 30th. Call or text Steve Higgins RE/MAX Kelowna to view 250-864-7893

Kelowna's Market.

So, how’s the market? This is the question I get asked more than any other! The quick answer is, it’s very BUSY or at least it has been for me. But this question actually has two answers and it depends whether you’re a buyer or a seller.

Sellers, of course, are ecstatic because when they make the decision to sell their home, it is not a 4 or 5-month process of home showings and waiting for that all elusive showing appointment or offer. Sellers are seeing an almost immediate response when they list their homes, especially if the price is below $650,000. Some are selling the first day on the market with multiple offers.

Buyers, on the other hand, are finding it a little more challenging to get the perfect home. With lower than normal inventory levels and higher demand for listings, buyers who aren’t working with a professional agent, that is full time and on top of the current market, don’t even get the opportunity to act on a property before it’s gone.

Here are some of the market highlights:

• Residential listing inventories are down - listing inventories decreased by just .5 % from May 2015 to May 2016 and by 2.44% year to-date compared to 2015.

• Residential sales are up - way up! - Sales increased by a whopping 42.73% from May 2015 compared to May 2016 and a 30.98%

increase year to-date over 2015.

• Average house prices are up! – the price of a single family home in May 2016 was up by 19.23% compared to $504,262 in May 2015.

• Residential properties are selling faster – the average number of days on the market has decreased to 53 days in May 2016 from 71 days in May 2015.

Buyer gridlock, a term that refers to a situation where sellers are hesitant to list their properties for sale because of a lack of inventory or affordable options to move to when their home sells. As a result, they are staying where they are and making it work and that’s limiting the number of entry level options for buyers who are trying to get into the market. We are starting to hear sellers voicing this concern in the Okanagan.

As this starts to become a reality, it will lower inventories further making it more difficult to find the perfect home. This has been an issue in Toronto and Vancouver markets for some time, but as sales continue to increase and inventories remain low in the Okanagan, we expect to see more of this creeping into our market.

Now is the Time to Buy as Prices are going UP!

The British Columbia Real Estate Association reports that a record number of  residential unit sales were recorded by the Multiple Listing Service in April, there were 12,969 that is up 30.3 per cent from the same month last year. Home sales last month beat March’s record of 12,560 units. Total sales dollar volume was $9.64 billion in April, up 52.7 per cent compared to the previous year. The average MLS  residential price in the province was up 17.2 per cent year-over-year, to $743,640. The housing demand has been exceptionally strong across the southern regions of the province. Who doesn't want to live in the sunny Okanagan!! The consumers appear to be particularly active in the Thompson/Okanagan, the Vancouver Island, and the Fraser Valley regions.

Strong employment growth is helping boost the consumer confidence. The BC economy has employed more than 78,000 additional workers during the first four months of the year, that is an increase of 3.5 per cent compared to the same period last year. The year-to-date, BC residential sales dollar volume increased 64.3 per cent to $31.2 billion, when compared with the same period in 2015. Residential unit sales climbed by 36.2 per cent to 28,028 units, while the average MLS residential price was up 20.6 per cent to $761,860.

If You want Lake Views then this is the Home for You!

Enjoy Beautiful Lake Views in this Walk out Rancher 4 Bed 3 Bath with Suite potential. This Open Concept Family Home has hardwood floors in great room & 2 beds on main. 2 Washers and 2 Dryers - up and down! Walkout lower level has two beds, 1 bathroom, kitchen, family room and potential for media room. Close to wineries. Sit on your deck and enjoy the stunning lake views while sipping a glass of wine! Call or text Steve Higgins RE/MAX Kelowna for viewing 250-864-7893

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.

Corner Unit with a Pool View!

HUGE Upgraded 1203 Sq. Ft. to this 2 Bed 2 bath with 2 Parking Spaces! This is a Corner Unit and it over looks the Pool! Granite Countertops, Tile Foyer and Baths. Open Floor Plan, largest unit for sale at this time. Stainless Steel Appliances. Great location within the Verve. Visitor Parking underground. Great investment opportunity. Close to shopping and bus to UBCO. Call or text Steve Higgins RE/MAX Kelowna 250-864-7893

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

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

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.

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.

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

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.

2016 First Quarter Housing Forecast Update

The British Columbia Real Estate Association has released 2016 First Quarter Housing Forecast Update the other day. The Multiple Listing Service residential sales in the province look like they may have a slight turn back 6.2 per cent to 96,100 units this year, after reaching 102,517 units in 2015. Strong consumer demand is expected to push MLS residential sales up by 2 per cent to 98,000 units in 2017.

Housing demand in the province is being supported by a relatively robust economy, leading to strong employment growth and rising wages. In addition, with net inter-provincial migration on an upswing as many Albertans look to BC for job opportunities. BC home sales are forecast to remain well above the ten-year average of 83,200 units over the next two years.

The inventory of homes for sale is now at its lowest level in almost a decade. Fewer homes for sale and strong consumer demand are expected to push home prices higher in most BC regions this year and in 2017. The average MLS residential price in the province is projected to increase 6.4 per cent to $677,200 this year and a further 4.1 per cent to $705,300 in 2017. All good news for those selling their homes!

New home construction activity is expected to remain at elevated levels corresponding to strong consumer demand and relatively low inventories, particularly on the South Coast.  Total housing starts in the province are forecast to remain close to an annual pace of 30,000 units through 2017, which will be the strongest two year performance since the 2007-2008 period.

BC's Strong Housing Demand Pulls Our Inventory to an Eight Year Low.

The British Columbia Real Estate Association reports that a total of 8,553 residential unit sales were recorded by the MLS in September, up 12 per cent from the same month last year. The total sales dollar volume was $5.2 billion, up 18 per cent compared to the previous year. The average MLS residential price in the province of BC rose to $605,258 up 5.3 per cent from September 2014.

The strong consumer demand has pulled down the inventory of homes for sale to its lowest level in eight years! BC's market conditions are favouring home sellers in some of our board areas, while contributing to relative balance between buyers and sellers in others. There was a five month supply of residential inventory province wide in September. A balanced market typically exhibits a 5-8 month supply of homes for sale.

The year-to-date BC residential sales dollar volume increased by 33.8 per cent to $49.5 billion, when compared with the same period in 2014. Residential unit sales have climbed by 21.1 per cent to 79,170 units, while the average MLS residential price was up 10.4 per cent to $624,659