June 2011 One of Kelowna’s Slowest in 20 Years!


Great Deals To Be Made and Bargains To Be Had Kelowna Market Update After the first half of the year, it appears the listing inventory of single family dwellings is stable at about 1,500 and the average prices are stable at $450,000. The number of monthly sales are about 25% below the average of the last 20 years. Buyers in this market expect value and many are taking advantage of some exceptional deals in today's market. We do have some very affordable buys in both the single family and condo markets. 930 single family homes sold so far this year…

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First-time buyers driving force in Canada’s residential real estate markets, says RE/MAX


Entry-level purchasers are now the engine driving home-buying activity in almost every major centre in Canada, according to a recent report released by RE/MAX. The 2009 RE/MAX First-Time Buyers Report, highlighting first-time buying activity in 32 residential housing markets across Canada, found that improved affordability is prompting many first-time buyers to get off the fence, out of the rental, and into the market. While a sense of caution still prevails, more and more first-timers are finding it hard to pass up the chance to become homeowners in today’s buyer-centric real estate climate. Increased inventory and longer days on market, coupled…

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