Jason Neumann - Blog - Jason Neumann

Recent Blog Posts by Jason Neumann
January 2012 Kelowna and Okanagan Real Estate Stats Kelowna 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		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
CIBC's Deputy Chief Economist Disagrees That Canada's Housing Market Is Set To Crash! Average House Prices a Misleading Gauge of the Health of the Canadian Real Estate Market: CIBC Recently an article appeared in CBC News about Canada's housing market bursting according to research consultant company Capital Economics. The report caused quite a swirl of opinions amongst home owners and those active in the real estate industry. Below is Benjamin Tal's (Deputy ... Posted by Jason Neumann on July 7, 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
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
Kelowna and Central Okanagan Foreclosure Stats December 2010 - January 2011 There 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		More
Kelowna and Central Okanagan December 2010 Stats Ratio of Sales vs. Total Inventory = 5.43% Condo -- Sales = 44 Condo -- New Listings = 166 Condo -- Current Inventory = 884 Condo -- Sell/Inv. Ratio = 4.98% Condo -- Days to Sell = 119 Average Price: $237,066 Average Median Price: $217,450 Townhouse -- Sales = 21 Townhouse -- New Listings = 85 Townhouse -- Current Inventory = 440 Townhouse -- ... Posted by Jason Neumann on January 9, 2011		More
Kelowna and Central Okanagan Foreclosure Stats for October/November 2010 There 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		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
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
Understanding the Changes to the Rules for Canadian Government Insured Mortgages There are now new rules for home buyers looking to qualify for high-ratio mortgages and/or investment properties. There seems to be a some misconceptions out there as to how these new rules affect buyers today. I recently spoke with Julie Weimer an RBC Mortage Specialist and she kindly provided me the following information: Changes to the Rules for Government Insured Mortgages: ... Posted by Jason Neumann on April 3, 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 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
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
Kelowna,BC and Central Okanagan Foreclosure Listing Information for October 2009 There 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		More
Interesting Re-Blog Post on "Bidding Wars" in today's Canadian Real Estate Market... The following article was written by Don Lawby President of Century 21 Canada: Bidding Wars I recently told The Financial Post for its article, "Housing Market Rebound Outstrips Expectations," that I believe any radical upward movement in home prices will be met with a pullback in demand because the economy is still not strong enough to support major increases. That said, there are a few hot ... Posted by Jason Neumann on November 4, 2009		More
There Are Just Two Things That Will Sell Your Home Today! Are you thinking of selling your home soon? Are you currently interviewing real estate agents? If so, then this video blog is just for you! Today's real estate market is extremely competitive and challenging for Sellers. You need to have the right tools and resources to effectively market your home. This video blog will shed some light as to why online marketing and ... Posted by Jason Neumann on October 18, 2009		More
Kelowna,BC and Central Okanagan Foreclosure Statistics for September 2009 There 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		More
Central Okanagan Real Estate MLS Listing Inventory and Foreclosures for August 2009 Current listing inventory as of August 28,2009: Single Family Dwellings - 2091 properties including 12 pending offers Strata - Condos - 1073 properties including 3 pending offers Strata - Townhomes - 505 properties including 8 pending offers Manufactured Home - 229 including 1 pending offers Lots/Acreages - 937 ... Posted by Jason Neumann on August 28, 2009		More
Bank of Canada lowers its key lending rate by another 0.5%, good news indeed! Well, the speculation and anticipation of yet another rate decrease by the Bank of Canada became a reality today! The Bank of Canada reduced its key lending rate to a historical low of 0.5%. The move is intended to help jump start a rather fragile Canadian economy and get consumers out there spending again. Bottom line here is if you have a variable rate mortgage loan, you are ... Posted by Jason Neumann on March 3, 2009		More

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