| 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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February 2012 Kelowna and Okanagan Real Estate StatsKelowna/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 ...
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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November 2011 Residential Sales for Kelowna and Central OkanaganKelowna/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 ...
Posted by Jason Neumann
on December 6, 2011
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October 2011 Sales for Kelowna and the Central OkanaganKelowna/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 ...
Posted by Jason Neumann
on November 29, 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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July 2011 Sales for Kelowna and the Central OkanaganKelowna/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
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Things About Kelowna And Area You May Not Know...K.L.O. - means "Kelowna Land and Orchard Company", the company owned most of the land in that area for many years.
Kelowna's Fall Wine Festival is ranked amongst the "Top 100 Events in North America" year after year.
Mount Boucherie is one of five extinct volcanoes found in the Okanagan.
Kelowna's five major performance companies produce over 15 plays and musicals each year.
The "Sunny ...
Posted by Jason Neumann
on August 26, 2011
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The Rundown On June 2011 Sales For Kelowna And The Central OkanaganKelowna,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
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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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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% ...
Posted by Jason Neumann
on June 17, 2011
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Okanagan and Shuswap Buyer Survey Results - April 2011A 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 ...
Posted by Jason Neumann
on May 21, 2011
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Central Okanagan Buyer Survey Results - March 2011A recent survey of buyer's agents in the Central Okanagan, North Okanagan and Shuswap regions revealed that:
25.6% of purchases were by Move Up Buyers, 18.9% by First Time Buyers, 13.3% Moving from Single Family to Home Strata unit, 11.1% Buying Revenue/Investment Property, 5.6% Moving from Strata to Single Family Home, another 5.6% Recreation Property Buyers, and 2.2% Moving into Retirement Home/Seniors ...
Posted by Jason Neumann
on April 21, 2011
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Kelowna,BC and Central Okanagan Real Estate Stats - March 2011Ratio 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
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Okanagan Buyer Survey Results - February 2011OMREB February 2011 Survey Highlights:
A recent survey of buyers agents in the Central Okanagan, North Okanagan and Shuswap regions revealed that:
31.9% of purchases were by First Time Buyers, and 24.2% by Move Up Buyers; 26.4% of Buyers were Two Parent Families with Children, 25.3% Couples Without Children, 16.5% were Single Females, 16.5% Empty Nesters/Retirees, 7.7% Single Parents with ...
Posted by Jason Neumann
on March 20, 2011
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Kelowna and Central Okanagan December 2010 StatsRatio 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
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Kelowna and Central Okanagan October 2010 StatsRatio of Sales vs. Total Inventory = 6.31%
Condo -- Sales = 44
Condo -- New Listings = 134
Condo -- Current Inventory = 921
Condo -- Sell/Inv. Ratio = 4.78%
Condo -- Days to Sell = 128
Average Price: $244,118
Average Median Price: $216,250
Townhouse -- Sales = 32
Townhouse -- New Listings = 79
Townhouse -- Current Inventory = 456
Townhouse -- ...
Posted by Jason Neumann
on November 14, 2010
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Kelowna and Central Okanagan September 2010 StatsSales 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
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Central Okanagan August 2010 Stats
Well summer came to an abrupt halt in the last week of August here in Kelowna! I noticed a bit more interest from buyers looking into Okanagan real estate, but nothing out of the ordinary for this time of the year. August 2010 sales activity started to pick up as the buyer’s market continues in the Okanagan. While inventory levels are starting to decline and sales volumes are increasing ...
Posted by Jason Neumann
on September 10, 2010
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Okanagan Foreclosure List and Sales August 2010There are currently 84 active foreclosures (as of September 17,2010) amongst the entire listing inventory for the Central Okanagan. There are 4,910 current active listings reporting at this time including the 84 foreclosure properties.
Foreclosure Inventory breakdown:
8 Lots and Acreages (Ranging in value from $99,000 to $1.75 Million)
2 Manufactured Home ...
Posted by Jason Neumann
on September 10, 2010
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Central Okanagan July 2010 StatsWith summer now well into full swing in the Okanagan visitors from all over the world are enjoying the many activities and amenities that this region is famous for! That however, has not translated into more demand for housing in Kelowna as the current real estate market has cooled by nearly 50% in sales over this time last year. Inventory levels continue to increase giving buyers more ...
Posted by Jason Neumann
on August 11, 2010
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Central Okanagan June 2010 StatsNew listings rose 5.7% over last year at this time (1,186 compared to 1,122) but dropped 10.4% from last month (1,324), while inventory increased 5.8% over last June (to 5,793 from 5,475) and 4.1% since May (from 5,561).
Overall sales this month dropped 21.7% compared to June 2009 (to 346 from 442) and were down 8.2% compared to May (378). Total residential units sold decreased 23.8% ...
Posted by Jason Neumann
on July 25, 2010
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Kelowna and Central Okanagan Real Estate Sales Review for May 2010Inventory levels continue to rise in the Central Okanagan real estate market. The inventory level increases for each month from 2009 to 2010 are as follows:
January 2010 = 15.50% February 2010 = 23.65% March 2010 = 27.29%
April 2010 = 16.68% May 2010 = 9.61%
If new listings coming onto the market continue to increase ...
Posted by Jason Neumann
on June 22, 2010
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Kelowna,BC Active MLS Listing Inventory and March SalesCurrent 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
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Central Okanagan MLS Listing Inventory and Sales for February 2010Current 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
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