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Real Estate Blog

*image C/O The Rise Golf

After what felt like a painfully long winter, we’re finally welcoming back spring with open arms which is a perfect time to visit one (or all) of our many local golf courses in the Okanagan area. As a seasoned golfer who never misses tee-time, you know how breathtaking our courses are in Kelowna, Vernon and the rest of the valley. But, if you’re new to the sport, just moved here or you’re planning a golf vacation, there are a few that shouldn’t be missed.  

The Rise – Vernon, BC
Designed by game legend, Fred Couples, The Rise is what golf dreams are made of. The natural beauty at every angle complete with scenic mountain views and outstanding sights of Okanagan Lake could be exactly what you need to make a birdie or maybe

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January 17, 2017
 
 
So, just how did the year end in 2016 with Real Estate ?  The 2016 single family home prices rose 16.95% on average and the median price rose 14.94%.  Days-on-market dropped from 65 to an average of 51 days.
 
Dollar sales rose a whopping 41.46% over 2015 with unit sales rising 26.5%. An interesting item for the month of December is that for homes priced under $480,000, unit sales actually dropped.  However, for those over $480,000 they rose significantly with the overall result that December unit sales were 19% over December 2015.
 
The year ahead, according to our crystal ball, will be another dynamic year.  With an “Apprentice” president, South of the border, politics will undoubtedly provide for lots of water cooler talk.  I

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The Okanagan Real Estate Board released a buyers survey November 2016:

Here are the Results:

21.7 %  First Time Buyers

18.4 % are Downsizing

17.1 % are Move up Buyers

16.1 % are Purchasing a Similar Property

11.5 % buy a Revenue Producing Property

7.4 %  move from a House to a Strata unit

5.1 %  buy a Recreational Property

1.8 % move from Strata to a House

1.4 % move into a Retirement Home

 

Which Category will you belong to in 2017 ??

 

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