Jason Neumann - Blog - Jason Neumann

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		More
Kelowna Foreclosure Property Sales August 2011 The 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		More
July 2011 Sales for Kelowna and the Central Okanagan Kelowna/West Kelowna and Central Okanagan Real Estate Stats - July 2011 Ratio of Sales vs. Total Inventory = 7.40% Condo -- Sales = 76 Condo -- New Listings = 177 Condo -- Current Inventory = 993 Condo -- Sell/Inv. Ratio = 7.65% Condo -- Days to Sell = 101 Average Price: $229,469 Average Median Price: $216,950 Townhouse -- Sales = 54 Townhouse ... Posted by Jason Neumann on August 28, 2011		More
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		More
The Rundown On June 2011 Sales For Kelowna And The Central Okanagan Kelowna,BC and Central Okanagan Real Estate Stats - June 2011 Ratio of Sales vs. Total Inventory = 7.36% Condo -- Sales = 49 Condo -- New Listings = 190 Condo -- Current Inventory = 980 Condo -- Sell/Inv. Ratio = 5.00% Condo -- Days to Sell = 104 Average Price: $289,912 Average Median Price: $284,000 Townhouse -- Sales = 41 Townhouse -- New Listings = 144 Townhouse ... Posted by Jason Neumann on July 7, 2011		More
Kelowna,BC and Central Okanagan Foreclosure Stats June 2011 There 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		More
Kelowna,BC and Central Okanagan Real Estate Stats - March 2011 Ratio of Sales vs. Total Inventory = 8.40% Condo -- Sales = 54 Condo -- New Listings = 197 Condo -- Current Inventory = 945 Condo -- Sell/Inv. Ratio = 5.71% Condo -- Days to Sell = 100 Average Price: $232,630 Average Median Price: $210,000 Townhouse -- Sales = 51 Townhouse -- New Listings = 114 Townhouse -- Current Inventory = 493 Townhouse ... Posted by Jason Neumann on April 7, 2011		More
Kelowna,BC and Central Okanagan Foreclosure Stats March 2011 There are currently 84 active foreclosures (as of April 7,2011) amongst the entire listing inventory for the Central Okanagan. There are 4,423 active listings this month (including the 84 foreclosure properties) versus 4,108 listings last month, a 7.67% increase in overall inventory levels. Active Foreclosure Inventory Breakdown: 6 Lots and Acreages ... Posted by Jason Neumann on April 7, 2011		More
Finance Minister Jim Flaherty unveils new mortgage regulations Finance Minister Jim Flaherty announced today new rules for the Canadian mortgage industry that he says will "protect the stability of the economy." The announcement comes on the heels of a recent warning from the Bank of Canada that Canadians' domestic debt burden is the highest on record, even higher than our neighbours to the south. The ratio of household debt ... Posted by Jason Neumann on January 17, 2011		More
BC Assessment for Central Okanagan 2011 Recently, 80,000 property owners in the Central Okanagan received their property assessments in the mail. The majority of these assessments showed little change from 2009 as overall real estate sales in Kelowna and area were quite sluggish in 2010. It is important to note that BC Assessments do not reflect current real estate market conditions and are more of a general guide ... Posted by Jason Neumann on January 10, 2011		More
Kelowna and Central Okanagan September 2010 Stats Sales figures were down across the board in all categories in September 2010 for the Central Okanagan. That being said the most surprising stat is the YTD sales for 2010. Although there was only a slight 1.51% increase in total YTD sales; when one considers the more difficult mortgage qualifications today and recent implementation of BC's HST that figure becomes very encouraging. ... Posted by Jason Neumann on October 12, 2010		More
Kelowna's gaining prominence on the net Kelowna,BC is on the radar for tourists looking to vacation in the sunny Okanagan according to Cheapflights.ca The travel site ranked the popularity of destinations by keeping track of the number of searches on its website. Kelowna based searches were up 70 percent over the first six months of 2009 according to the site. Ultimately, Kelowna ranked third ... Posted by Jason Neumann on October 10, 2010		More
Current Okanagan Foreclosure List and Sales for July 2010 There are currently 82 active foreclosures (as of August 11,2010) amongst the entire listing inventory for the Central Okanagan. There are 5125 current active listings reporting at this time including the 82 foreclosure properties. The foreclosure inventory breakdown is as follows: 8 Lots and Acreages (Ranging in value from $95,000 to $1.75 Million) 1 Manufactured ... Posted by Jason Neumann on August 11, 2010		More
Kelowna,BC Active MLS Listing Inventory and March Sales Current Active Central Okanagan MLS Listing Inventory as of April 21,2010: Single Family Dwellings - 2107 properties (191 more properties or a 9.97% increase from March) including 7 pending offers ranging in value from $339,800 to $589,000 Strata - Condos - 1092 properties (4 more properties or a 0.367% increase from March) with 3 pending ... Posted by Jason Neumann on April 21, 2010		More
Central Okanagan MLS Listing Inventory and Sales for February 2010 Current Active Central Okanagan MLS Listing Inventory as of March 28,2010: Single Family Dwellings - 1916 properties (393 more properties or a 25.80% increase from February) including 11 pending offers ranging in value from $348,800 to $649,000 Strata - Condos - 1088 properties (157 more properties or a 16.86% increase from February) with 2 pending ... Posted by Jason Neumann on March 22, 2010		More
The Dangers and Pitfalls of Overpricing Your Home There are potential dangers and pitfalls when it comes to pricing your home in any kind of real estate market. Sellers can be reluctant to price their home in line with the marketplace as they feel they may be giving away too much of their home equity. The reality is pricing your home right from the start will get the net result you are looking for as a seller. Here ... Posted by Jason Neumann on March 20, 2010		More
New Canadian mortgage rules take effect April 19,2010 I was recently sent this article by Karen Shale a local mortgage broker with LendingMax here in Kelowna. Karen offers a straight to the point and excellent explanation of each of the new federal lending rules that were recently announced by Jim Flaherty, Minister of Finance. These new lending regulations take effect April 19,2010. Here's the article: Here is the official announcement ... Posted by Jason Neumann on February 21, 2010		More
Kelowna,BC Central Okanagan Current MLS Listing Inventory and Sales for January 2010 Current Active Central Okanagan MLS Listing Inventory as of February 8,2010: Single Family Dwellings - 1523 properties (a 15.12% increase from January) including 17 pending offers ranging in value from $284,900 to $999,000 Strata - Condos - 931 properties (a 1.48% decrease from January) with 1 pending offer at $174,800 Strata - Townhomes - 369 ... Posted by Jason Neumann on February 11, 2010		More
Mortgage Document Checklist for Home Buyers Whether you are considering buying a new home or refinancing your existing mortgage, important personal information and documents will be required by lenders. This checklist gives an overview of the necessary documentation that most Canadian lenders require prior to approving and funding a mortgage. By providing these documents in a timely fashion, you will ... Posted by Jason Neumann on February 8, 2010		More
Kelowna,BC and Central Okanagan Foreclosure Listing Information for January 2010 There 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		More
Home Renovation Tax Credit (HRTC) ends February 1,2010 The Home Renovation Tax Credit is a non-refundable tax credit based on eligible expenses for improvements to your house, condo or cottage. It can be claimed on your 2009 income tax return. It applies to work performed or goods acquired after January 27, 2009, and before February 1, 2010 under an agreement entered into after January 27, 2009. Important notice. Eligible expenses for goods acquired ... Posted by Jason Neumann on January 18, 2010		More
Kelowna,BC Central Okanagan Current MLS Listing Inventory and Sales for December 2009 Current Active Central Okanagan MLS Listing Inventory as of January 10,2010: Single Family Dwellings - 1323 properties (a 12.17% decrease from December) including 12 pending offers ranging in value from $49,900 to $15.9M Strata - Condos - 945 properties (a 11.96% decrease from December) with no pending offers ranging in value from $62,400 ... Posted by Jason Neumann on January 15, 2010		More
Some great Stock Market insights for Canadian Investors Central banks around the world have pushed their lending rates to historic lows in an effort to stave off a total global financial and economic collapse. As a result interest rates have remained for the most part at these low levels with many investors trying to take advantage of other's mistimed purchases. 2010 will likely be the year when everything changes... Here’s ... Posted by Jason Neumann on January 11, 2010		More
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		More
BC Assessment - Property Owner's Checklist Here'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		More

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