Recent Blog Posts by Jason Neumann

Century 21 Assurance Realty In Kelowna Offers A Free Client Moving Van

Free???  Who doesn't like something that is free especially when it saves you out of pocket cash for moving expenses?!  Well that's exactly what happens when you buy or sell with myself and Century 21 Assurance Realty Ltd. in Kelowna,BC  All that is required is a valid driver's licence, signed van usage agreement and replace whatever fuel is used during the move.  The cube van is ...

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 ...

February 2012 Kelowna and Okanagan Real Estate Stats

Kelowna/West Kelowna and Okanagan Real Estate Stats - February 2012   Ratio of Sales vs. Total Inventory = 7.43% Condo -- Sales = 54 Condo -- New Listings  = 169 Condo -- Current Inventory = 886 Condo -- Sell/Inv. Ratio = 6.09% Condo -- Days to Sell = 124 Average Price: $204,262 Average Median Price: $186,450   Townhouse -- Sales = 49 Townhouse ...

January 2012 Buyers Survey Results For Kelowna And Central Okanagan Real Estate

Below is a recently released Buyers Agents survey by OMREB (Okanagan Mainline Real Estate Board).  A total of 119 real estate agents participated in this survey – representing 58% of the 207 OMREB sales representatives who acted as Buyers Agents and 40% of the 297 deals closed on behalf of Buyers in January. JANUARY SURVEY SUMMARY Property Type: 23.6% by First Time Buyers ...

Big News from BC Ministry of Finance regarding HST Rebates

The B.C. government is giving home buyers and builders a more solid foundation for the transition out of the harmonized sales tax, and says it will officially return to the provincial sales tax by April 1, 2013. In the meantime, the government will raise the HST rebate threshold for new home buyers to $850,000, up from the current $525,000. That means more than 90 per cent of newly built homes ...

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 -- ...

Kelowna and Okanagan Foreclosure Property Sales For January 2012

The Central Okanagan foreclosure inventory levels continue to show steady increases from month to month especially now in 2012.  As a matter of fact, since January 1,2012, there has already been 76 new foreclosure listings to hit the market.  Buyers ask me all the time if I foresee a large influx of future foreclosure homes coming to the Kelowna real estate market?  ...

November 2011 Residential Sales for Kelowna and Central Okanagan

Kelowna/West Kelowna and Central Okanagan Real Estate Stats - November 2011   Ratio of Sales vs. Total Inventory = 6.59% Condo -- Sales = 52 Condo -- New Listings  = 119 Condo -- Current Inventory = 851 Condo -- Sell/Inv. Ratio = 6.11% Condo -- Days to Sell = 113 Average Price: $250,545 Average Median Price: $219,500   Townhouse -- Sales = 31 Townhouse ...

October 2011 Sales for Kelowna and the Central Okanagan

Kelowna/West Kelowna and Central Okanagan Real Estate Stats - October 2011   Ratio of Sales vs. Total Inventory = 6.38% Condo -- Sales = 50 Condo -- New Listings  = 200 Condo -- Current Inventory = 889 Condo -- Sell/Inv. Ratio = 5.62% Condo -- Days to Sell = 118 Average Price: $250,707 Average Median Price: $210,625   Townhouse -- Sales = 37 Townhouse ...

What I Will Do To Sell Your Home!

You have heard enough of the promises, you simply want results!  Selling your home in today's ever changing market calls for a Realtor with new and innovative ideas.  It has been proven time and time again that to get maximum exposure for a listing, marketing through the Internet is critical.  I truly believe in the power of Internet advertising and how it brings Buyers "out of the woodwork."   ...

Century 21 Canada Conference Edmonton Wine Winners

(Pictured L to R - Elizabeth Martin, Mike Sandstra, Jacquie Chilliak and Jason Neumann) Well another Century 21 Canada Conference has come and gone and let me tell you our Edmonton hosts did an amazing job with events like a Brewery Bash to kick things off and then an incredible wrap up event at The Art Gallery of Alberta with Vibe Tribe providing the evening's entertainment.  ...

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 ...

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 ...

The Century 21 Brand...Smarter...Bolder...Faster...

Smarter... Bolder... Faster...

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 ...

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 ...

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 ...

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 ...

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: ...

Okanagan and Shuswap Buyer Survey Results for May 2011

  May 2011 Buyer Survey Results The May 2011 results of the Okanagan Mainline Real Estate Board (OMREB) for Buyers Survey are in!  There was a total of 151 respondents that participated in the survey – 40% of the 376 OMREB sales representatives who closed the 538 deals on behalf of Buyers last month.  Here is what the survey showed:   Property Type: 27.4% ...

Okanagan and Shuswap Buyer Survey Results - April 2011

A recent survey of buyer's agents in the Central Okanagan, North Okanagan and Shuswap regions revealed the following: APRIL SURVEY SUMMARY* Property Type: 27.7% of purchases were by Move Up Buyers 14.9% Moving from Single Family to Home Strata unit 10.6% by First Time Buyers 6.4% buying Revenue/Investment Property 6.4% Recreation Property Buyers 6.4% moving into Retirement Home/Seniors ...

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 ...

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 ...

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 ...

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 ...