Connect

Find us on...

Dashboard

Login using...

New Search X

All Blog Entries by Annette Denk

Found 65 blog entries published by Annette Denk.

August has been a very busy month, and buyers are making offers, as most of my listings are either sold or are getting good action of showings and lots of inquires from out of town buyers.

  • August 2019 residential sales are up by 9.1% compared to August 2018, but for the first time in a while, prices are higher than last year with the median up by 2.4%.
  • The big jump in sales occurred in the $320K-$440K range with a still healthy rise in the $440K-$560K range. Above the $560K range sales were lower than last year. Luxury homes are selling slower, and we see many price reductions in the 1 Mill and up.

Where are we headed in the current market:
There are many potential influences on the real estate market and the economy as a whole could play a

114 Views, 0 Comments

We’d like to thank you, your team and Ange for doing such a great job with the sale of our manufactured home. We picked an inopportune time to put the place up for sale, just as the market took a downturn. But your diligence with marketing and your extensive contacts won the day and we received an acceptable outcome. The professionalism and good advice you provided is very much appreciated and we highly recommend your service to any prospective sellers.

Gratefully yours, Rodney and Ann Bell

28 Views, 0 Comments

The real estate market started slow this year but the numbers for July are showing some promise.

The last few months were soft but in the last couple of weeks we are seeing noticeably more buyers and increased activity across the board. Especially the last 2 weeks! All my listings are getting lots of activity and offers. I believe the Buyers were sitting on the fence wondering whether prices would go down and whether we are still getting smoke! Now they feel…. let’s buy!  It will be very interesting to see how the numbers roll out over the next 30-60 days .

Sales are up! In all categories, sales were 545 units this month compared to 475 last year for a 14.9% increase. YTD sales are still below last year but improving. Prices are still below last year and

26 Views, 0 Comments

Annette was great to deal with and helped us find the perfect house. She was able to steer us in the right direction even when we were slightly unsure of what that direction was. I would definitely recommend her without hesitation. 

Reviewed on Aug 12, 2019 by Jason Crighton 

37 Views, 0 Comments

 

If you found this interesting, FOLLOW / LIKE us on Facebook or please feel free to SHARE it. Always working in your best interest.

Annette Denk  - serving Kelowna – Lake Country - Vernon – Silver Star

Move Okanagan – Real Estate That Will Move You
www.moveokanagan.com

84 Views, 0 Comments

As most of you are aware, the real estate market has changed somewhat. While it is not a strong buyer’s market, at this point, it is certainly no longer a Seller’s market either. Why the change?
 
In one word, Policy? All levels of government seem fixed on the plan to lower demand as a solution to rising prices. The flaw in this thinking is, by lowering demand (mortgage stress test, speculation tax, foreign buyer’s tax) there can be a negative impact on the overall economy.
 
Fewer sales and less new construction leads to reduced trades employment, reduced sales and services of things like appliances, furniture, flooring, movers and more. Such policy driven reductions will always create a drag on the economy and while we are still doing quite well in BC, as

120 Views, 0 Comments

It’s a common question for those navigating the real estate market — when is the best time of year to list or shop for a home in Kelowna, Lake Country or Vernon? The truth is that there isn’t a simple answer.

Much like the stock exchange, the real estate market is always active. Buyers search for homes year-round and many sellers list their homes when they are ready to do so, regardless of the time of year. With that said, some common trends can be perceived in terms of inventory, sales activity, days on the market, and so on. Days on the market vary from Kelowna to Vernon.

Looking at historical data from the Okanagan Mainline Real Estate Board’s Market Stats regarding single family residences in the Okanagan region from 2017 and 2018, a higher

110 Views, 0 Comments

The Financial Post just released an article by Kevin Carmichael which states interest rates appear to be in a holding period until later in 2020. I hope this translates into a softening of the impact of the stress test implemented last year, and an encouragement for buyers hoping to secure a lower interest rate.

Most buyers (59.65%) as indicated in the OMREB quarterly March Buyer’s survey are still coming from within our area (Peachland to Revelstoke). This is followed by the Lower Mainland/Vancouver Island almost 15% and Alberta 9.65% respectfully.

Update on UBCO, "By 2040, our university will be a top-choice destination for students, not only from here and across Canada, but from around the world, "deputy vice chancellor Dr. Deborah Buszard told city

108 Views, 0 Comments

Spring is here in the Okanagan, and that means it’s the perfect opportunity to get your home ready for the months to come. Here are our top tips to get you started:

  •     Winter can take a real toll on a home’s exterior. Especially in higher elevation like Big White or Silver Star.  Wood, stucco and other types of siding should be checked for cracks, peeling or chipped paint, and general wear and tear. Have damaged areas repaired and repainted as needed for lasting protection.
  •     Clean gutters and downspouts of any debris that may have collected over the winter. Check for any loose connections and adjust if needed.
  •     Check patios and walkways for cracks and any loose bricks. These are a tripping hazard that needs to be
87 Views, 0 Comments