| Recent Blog Posts by Jason Neumann | ||
Kelowna and Okanagan Foreclosure Property Sales For February 2012
The Central Okanagan foreclosure inventory levels are showing sharp increases from month to month in 2012. As a matter of fact, since January 1,2012, there has already been 135 new foreclosure listings to hit the market this year! Buyers ask me all the time if I foresee a large influx of future foreclosure homes coming to the Kelowna real estate market? Having ...
Posted by Jason Neumann
on March 14, 2012
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January 2012 Kelowna and Okanagan Real Estate StatsKelowna West Kelowna and Okanagan Real Estate Stats - January 2012
Ratio of Sales vs. Total Inventory = 5.73%
Condo -- Sales = 40
Condo -- New Listings = 174
Condo -- Current Inventory = 850
Condo -- Sell/Inv. Ratio = 4.71%
Condo -- Days to Sell = 105
Average Price: $267,945
Average Median Price: $233,000
Townhouse -- Sales = 25
Townhouse -- ...
Posted by Jason Neumann
on February 12, 2012
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Buyers Guide To Understanding Foreclosure and Court Ordered Sales In Kelowna and Okanagan
Foreclosure: A foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).
Court Ordered Sale: A Court Ordered Sale is the legal process where the BC Provincial Court is petitioned to approve ...
Posted by Jason Neumann
on September 14, 2011
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Kelowna Foreclosure Property Sales August 2011The Central Okanagan foreclosure inventory levels continue to show signs of steady increases from month to month in 2011. Buyers ask me all the time if I foresee a huge influx of court ordered sales to the Kelowna real estate market? In my opinion, having watched how the local banks and lenders handle the foreclosure process the answer would have to be...no I don't. Reason being is banks ...
Posted by Jason Neumann
on August 29, 2011
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Is now a good time to buy Kelowna and Okanagan foreclosure homes?The Central Okanagan foreclosure inventory is now starting to show signs of steady increases from month to month in 2011. The overall active foreclosure listings pale in comparison to the total inventory in the Central Okanagan which continues to be a good sign. Buyers ask me all the time if I foresee a huge influx of court ordered sales to the Kelowna real estate market? In my opinion, having watched ...
Posted by Jason Neumann
on July 18, 2011
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Kelowna,BC and Central Okanagan Foreclosure Stats June 2011There are currently 113 active foreclosures (as of June 24,2011) amongst the entire listing inventory for the Central Okanagan. There are currently 69 active foreclosures (as of June 24,2011) amongst the entire listing inventory for the North Okanagan. There are 4,980 active listings this month (including the 113 foreclosure properties) in the Central Okanagan.
Active Foreclosure Inventory Breakdown: ...
Posted by Jason Neumann
on June 24, 2011
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Kelowna and Central Okanagan Foreclosure Stats December 2010 - January 2011There are currently 98 active foreclosures (as of January 15,2011) amongst the entire listing inventory for the Central Okanagan. There are 3,623 active listings this month (including the 98 foreclosure properties) versus 3,863 listings last month, a 6.62% drop in inventory level.
Active Foreclosure Inventory breakdown:
7 Lots and Acreages ...
Posted by Jason Neumann
on January 15, 2011
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Kelowna and Central Okanagan Foreclosure Stats for October/November 2010There are currently 104 active foreclosures (as of November 14,2010) amongst the entire listing inventory for the Central Okanagan. There are 4,307 current active listings reporting at this time including the 104 foreclosure properties.
Foreclosure Inventory breakdown:
8 Lots and Acreages (Ranging in value from $95,000 to $1.75 Million)
3 Manufactured ...
Posted by Jason Neumann
on November 15, 2010
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Kelowna,BC and Central Okanagan Foreclosure Stats for May 2010There are currently 83 active foreclosures (as of May 24,2010) amongst the entire listing inventory for the Central Okanagan. That is a 36% increase in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
11 Lots and Acreages (Ranging in value from $39,500 to $1.75 Million)
0 Manufactured Homes currently ...
Posted by Jason Neumann
on May 8, 2010
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Kelowna,BC and Central Okanagan Foreclosure Stats for April 2010There are currently 61 active foreclosures (as of April 21,2010) amongst the entire listing inventory for the Central Okanagan. That is a decrease of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
6 Lots and Acreages ($114,900 to $1.22 Million) with no pending sales
0 Manufactured ...
Posted by Jason Neumann
on April 21, 2010
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Kelowna,BC Foreclosure Listing Information for March 2010There are currently 64 foreclosures (as of March 22,2010) amongst the entire listing inventory for the Central Okanagan. That is a increase of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
1 Manufactured Homes ($125,000) with ...
Posted by Jason Neumann
on March 22, 2010
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Kelowna,BC and Central Okanagan Foreclosure Listing Information for February 2010There are currently 61 foreclosures (as of February 7,2010) amongst the entire listing inventory for the Central Okanagan. That is a decrease of 14 properties (-22.95%) in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
2 Manufactured Homes ($79,000 ...
Posted by Jason Neumann
on February 8, 2010
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Kelowna,BC and Central Okanagan Foreclosure Listing Information for January 2010There are currently 75 foreclosures (as of January 10,2010) amongst the entire listing inventory for the Central Okanagan. There was a slight decrease of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
4 Lots and Acreages ($115,000 to $590,000) with no pending sales.
32 Single Family Residential ($199,000 ...
Posted by Jason Neumann
on January 24, 2010
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Should You Buy a New or Existing Home?Buyers have so many choices these days. But after narrowing down the location and selecting the type of home you want to purchase (single-family or condo) , there’s one more decision to make: Should you buy a new home or an existing one?
The answer depends upon both your budget and lifestyle.
Open up your local newspaper on any given day, and you’re likely to see ads from builders touting ...
Posted by Jason Neumann
on January 9, 2010
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BC Assessment - Property Owner's ChecklistHere's a checklist for BC homeowners:
Have you received your new 2010 property assessment notice yet?
If not, call toll free 1-800-668-0086 or contact them online.
If so, be sure to review it carefully.
If you have any questions go online or call your local assessment office.
Go online to compare other property assessments using the free e-valueBC (TM) service website.
If you disagree ...
Posted by Jason Neumann
on January 9, 2010
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Kelowna,BC and Central Okanagan Foreclosure Listing Information for December 2009There are currently 78 foreclosures amongst the entire listing inventory for the Central Okanagan. There continues to be a trend of month to month increases in inventory levels of homes that are now in the foreclosure process.
The breakdown is as follows:
3 Lots and Acreages ($115,000 and $590,000) no pending sales.
39 Single Family Residential ($199,900 to ...
Posted by Jason Neumann
on December 14, 2009
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Kelowna,BC and Central Okanagan Foreclosure Listing Information for October 2009There are a total of 63 foreclosures amongst the entire listing inventory. That is an overall change of 4 listings to the overall inventory from October,2009 to November,2009.
Current foreclosures of all Central Okanagan listings represent 1.53% of the total listing inventory!
The breakdown is as follows:
3 Lots and Acreages ...
Posted by Jason Neumann
on November 8, 2009
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Kelowna,BC and Central Okanagan Foreclosure Statistics for September 2009There are a total of 57 foreclosures amongst the entire listing inventory. That is an overall change of 1 listing to the total number of foreclosures from September,2009 to October,2009.
Current foreclosures of all Central Okanagan listings represent 1.28% of the total listing inventory!
The breakdown is as follows:
4 Lots ...
Posted by Jason Neumann
on October 13, 2009
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