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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Krieg Family Kelowna Real Estate News – April


Sales Across Canada Are Looking Up! Kelowna: We think that the mortgage market is influencing the buyers. With the recently earlier than expected increase in some mortgage rates and the expected increase in the Bank of Canada rate later this summer, it is likely that some buyers have decided that now is the time either to get into the market or make a move up or down according to their changing needs. Further increases in borrowing costs are likely to be gradual, so while there may be some slowing in market activity later in the year, we anticipate this will…

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Very Strong Kelowna Real Estate Sales in July!


Very Strong Sales in July! KELOWNA: Wow, what a turn around in Real Estate sales. Who would have thought that we would have record numbers sales in July all over Canada! We also had a strong month here in Kelowna. Not as much of a record as we noticed in other cities, but remember we benefit from their markets. Well priced listings and lower to mid-range priced properties remain in the highest demand across Kelowna and area. Recent activity from first-time buyers is beginning to boost demand in the “move-up” segment of the market. The opportunities for fantastic deals are…

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May Kelowna Real Estate News – April’s Statistics


Renewed Confidence in the Market Enjoy the blooming orchards! KELOWNA: As you may notice further down the page, the major cities in Canada all have improved markets which is good news for Kelowna as we benefit from migration. Undoubtedly, this market has been challenging for both buyers and sellers. Nevertheless, the improvement in recent months is an encouraging sign. This is evident due to a stronger sales-to-active-listings ratio of over 9% in single family dwellings. There’s more confidence in the housing market today than at the end of 2008 and prices have remained stable with some modest fluctuations up and…

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