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 -- ...

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 ...

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 -- ...

Kelowna and Central Okanagan October 2010 Stats

Ratio 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 -- ...

Central Okanagan July 2010 Stats

With 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 ...

Kelowna,BC and Central Okanagan Foreclosure Stats for April 2010

There 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 ...

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 ...

Okanagan Seller's Corner

There are a number of different areas that are important to consider when choosing your real estate representative: Personality & Service Once you decide to sell your home, it is important to choose a realtor that both you and your family can trust and feel comfortable working with. As a sales associate for Century 21 Assurance Realty Ltd., I am that real estate professional you are looking for.  ...

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 ...