Is now the time to buy Kelowna real estate?


    August Real Estate News August 2016 The Kelowna real estate market (from Peachland to Oyama) continues to be HOTTTT! For four months in a row we saw the average home price reach over $600,000. That means we can assume that this is our new benchmark now, as it is up from $500K last year or 20% in the last 5 months. As everybody knows, our market is especially hot around the $500,000 mark, 40% - 50% of all inventory is selling in 1 month, this is remarkable for Kelowna! Supply and demand regulates the price, inventory is on a…

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Kelowna’s Hot Real Estate Market


Kelowna Real Estate News June 2016 We hinted it already last year and now it's in full swing! Breaking records after records, and maybe more to come. Everyday we see headlines and we hear predictions like, bubble, soaring, unaffordable, unsustainable, inflated, exorbitant and must cool market. In Toronto, people are begging,dropping off letters, posting online ads, and even personal visits to homes so they can buy in Toronto now. This is what we're starting to see in Kelowna too now. We think it has to do with the low dollar attracting foreigners into Vancouver. The Vancouver buyers who sell their…

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7 FACTS about Kelowna Real Estate


  Real Estate News April 2016 Guess what? We predicted it in our January video that the market is changing, the next boom is coming and now you can read about it in the newspapers, on the internet or see it on TV. The Kelowna market is on fire! There you have it, and now, the next big questions:  How long will it last and how high will it go? Well, there isn't anyone who can answer these questions accurately, but we can look at history and see that a boom usually lasts 3-5 years and prices go up 50-80%…

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The Market is WHAT??


  Kelowna Real Estate News March 2016 Already two and a half months into the new year and our market has been very strong, some might even say ON FIRE. Inventory is very low and sales are way up. Once again, we had the best February in 10 years (since 2006) with 24% of the listings selling. (See graph below) Multiple offers are nothing special anymore, and sometimes even expected under $600,000. It’s a sellers market in that price range. People like nice and clean or newer/updated properties. This is evident in the townhomes sales, as we saw 30% of…

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