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OMREB Reports - Okanagan‐Shuswap Housing Market Remains Steady with Modest Gains
CENTRAL ZONE (Peachland to Lake Country): Overall sales in the Central Zone for the month rose 5.3% to 341units compared to 324 in April 2011, while sales volumes improved 17.0% at $140.9 million compared to $120.6 million. Total residential sales for April were up 8.1% to 321 units compared to 297 sold last year, and improved 1.9% over 315 in March. Single family home sales (179 units) jumped 11.9% compared to last April (160) – a 7.2% improvement over last month (167 in March). Apartment sales for the month showed a 23.5% gain over last year (to 63 from 51 units). While the number of townhouses sold in April were similar to 2011 (49), this segment improved 28.9% compared to March (38). Lot sales year‐to‐date were up by 26.3% to 48 ($10.4 million) compared to 38 in 2011 ($7.7 million). Inventory for the month rose 2.3% over 2011 (to 4,943 units from 4,834), and the 1,044 new listings added were up 1.4% from the 1,030 last year at this time.
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April Buyers Survey - Who are Kelowna Home Buyers and Where are they Coming From?
Everyone is always asking "Who's Buying Homes in the Okanagan" and "Where are they coming from?"
Well, the results of OMREB's APRIL 2012 Buyers Survey are in!
APRIL SURVEY SUMMARY
Property Type:
31.0% of purchases were by Move-Up Buyers
17.6% by First Time Buyers
16.6% moving from Single Family Home to Strata Unit
10.7% buying Revenue/Investment Property
4.8% purchasing Recreation Property
4.3% moving into Retirement Home/Seniors Community
3.2% moving from Strata property to Single Family Home
Buyer Type (Family Dynamic):
30.4% Two parent family/children
27.7% Couple without children
16.8% Empty Nesters/Retired
11.5% Single Female
9.4% Single Male
3.7% Single Parent with children
Moving From:
58.6% from Within OMREB Board Area
19.4% from Alberta
7.9% from Lower Mainland/Vancouver Island
6.8% from Other Areas in BC
4.2% from Eastern Canada/Maritimes
2.1% from Outside Canada
1.0% from Saskatchewan/Manitoba
0% from NWT/Yukon (8th month reported)
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Sun Village Adult Resort Community • 1,490 sq. ft., 2 bath, 2 bdrm single story "Rancher w/ 4ft. Crawl Space" - MLS® $354,000 - Backing onto Waterscape! Westbank Centre, West Kelowna - We invite everyone to visit our open house at #19
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The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 12.5 per cent to $3.8 billion in April compared to the same month last year. A total of 7,058 MLS® residential unit sales were recorded over the same period, down 1.8 per cent from April 2011. The average MLS® residential price was $532,855, 10.9 per cent lower than a year ago.
"A ten per cent dip in Lower Mainland home sales offset a 14 per cent increase across the rest of the province,” said Cameron Muir, BCREA Chief Economist. “Kamloops, the Okanagan and the North all posted double-digit increases in home sales in April compared to levels one year ago."
"The share of provincial sales garnered by Vancouver and the Fraser Valley declined from 65 per cent in April 2011 to 60 per cent last month,” added Muir. “A larger proportion of homes sold in less expensive regions contributed to the average BC sales price dipping nearly 11 per cent."
Year-to-date, BC residential sales dollar volume declined 15.8 per cent to $15 billion, compared to the same period last year. Residential unit sales dipped 9.7 per cent to 23,782 units, while the average MLS® residential price was 6.8 per cent lower at $546,870.
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Shannon Lake/Smith Creek, West Kelowna - Announcing a HUGE price reductionon 2500 Shannon View Drive, a 1,856 sq. ft., 3 bath, 4 bdrm 2 story "Grade Level Entry". NowMLS®$399,999 - Hot New Price!.
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Just Listed - Prime location backing onto Waterscape at Sun Village Adult Resort Community! $354,000, #19-2330 Butt Road
Sun Village Adult Resort Community
• 1,490 sq. ft., 2 bath, 2 bdrm single story "Rancher w/ 4ft. Crawl Space" - MLS® $354,000 - Backing onto Waterscape! #19-2330 Butt Road
Westbank Centre, West Kelowna - - Sun Village Adult Resort Community -
This home is located in one of the best, quiet inside locations backing directly onto the Waterscape!
Brazilian hardwood floors, 2 Bedrooms, 2 Baths, formal living/dining, plus great room with gas Heatilater fireplace. 4 ft. crawl space, double car garage with storage.
Back patio faces East and is a beautiful spot on the waterscape to enjoy the morning sun, flowers and birds.
Strata $186/month, plus $108.30/month land lease.
Ideally situated in West Kelowna close to all the major shops and facilities.
Sun Village is a 45+ private Adult Resort Community with gated entry and clubhouse with heated indoor saltwater swimming pool and hot tub.
For more information on Kelowna Real Estate, please call Jaime Briggs, Coldwell Banker Horizon Realty at 250-860-7500 or go to www.BriggsOnHomes.com
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Just Listed! $695,900 Custom Built Craftsman Style Home overlooking Vineyards & Lake ~ 3095 Thacker Drive
• 2,885 sq. ft., 4 bath, 4 bdrm 2 story "with basement"-MLS®$695,900 - $36K below assessed value
Lakeview Heights, West Kelowna - $36K Below Assessed Value!
Lake & vineyard views from this deluxe custom built Craftsman style 4-Bdrm home in desirable Thacker Ridge Estates.
9 ft ceilings, dark maple plank hardwood floors, spacious formal living room with veranda and large windows to enjoy your views.
Formal dining room wired for optional gas fireplace. Stylish white linen kitchen, granite counters, eating bar, separate nook, ample cupboard space.
Cozy family room off the kitchen fully wired for surround sound.
Upstairs Master Bdrm w/private balcony, plus 2 large bedrooms, full bath and computer niche.
Partially finished basement w/separate entrance, 4th bedroom, full bathroom, plus ample extra unfinished space.
Even an oversized Triple Tandem Garage - Perfect for all your toys, plus poolsized backyard.
Seller may consider trades to newer single family home
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4983 Windsong Crescent, Upper Mission, $549,000 - Just Listed & First Time on Open House!
We invite everyone to visit our open house today, Sunday May 6 from 1:00 - 3:00 PM.
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Just Listed $549,000 - 180 Degree Views on Family Friendly Upper Mission Street! 4983 Windsong Crescent
Enjoy Okanagan living with 180 degree lake & sparkling city lights from your two balconies and master bedroom of this beautiful home!
Featuring 4 bedrooms (3 up, 1 down), 3 baths, a workable kitchen with large island & stainless steel appliances, plus easy walkout access to your back patio with fenced backyard.
The living room has high vaulted ceilings, hardwood floors, and cozy corner gas fireplace. The fully finished basement is roughed in for a wet bar.
All this located on a family friendly street close to playgrounds, parks and walking trails. A great place to raise your family!
For more information on Kelowna Real Estate call Jaime Briggs, Coldwell Banker Horizon Realty at 250-860-7500 or go to www.BriggsOnHomes.com
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Shannon Lake/Smith Creek, West Kelowna - We invite everyone to visit our 6 Open Houses this weekend!
2500 Shannon View Road, Shannon Lake - $414,000
Saturday April 28 & Sunday April 29 ~ 11:30am - 1:30pm
3103 Sageview Road, Smith Creek - $579,000+HST
Saturday April 28 & Sunday April 29 ~ 2pm-4pm
3107 Sageview Road, Smith Creek - $599,000+HST
Saturday April 28 & Sunday April 29 ~ 2pm-4pm
For more details go to www.BriggsOnHomes.com or call Jaime Briggs, Coldwell Banker Horizon Realty at 250-860-7500.
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Just Listed - 3103 Sageview Road, West Kelowna - This home has Pizazz! Another stunning home in beautiful West Kelowna by quality builder H&H Homes.
4 Bedrooms (3+1), 3 Baths, 2,015 sq.ft. finished, plus 1,015 sq.ft. unfinished in large walkout basement.
4-S/S appliances, soaring 20ft. vaulted ceilings in living room, large covered deck with lakeviews, oversized Triple Car Garage and loaded with extras such as heated ensuite floors, granite in kitchen, walkthrough pantry & hardiplank exterior.
All located on a quiet no-through road just minutes to town.
PRICED at $622,230 Including NET HST
Includes: central air, fully landscaped with u/g irrigation, 4-S/S appliances including side by side fridge/freezer.
For more details on Kelowna Real Estate call Jaime Briggs, Coldwell Banker Horizon Realty at 250-860-7500 or go to www.BriggsOnHomes.com
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Shannon Lake/Smith Creek, West Kelowna - Announcing a price reduction on #306 - 2770 Auburn Road, a 1,222 sq. ft., 2 bath, 2 bdrm single story. Now MLS® Price Reduced Now Only $319,000 for Top Floor immaculate condo at Terravita by Shannon Lake Golf
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JUST LISTED - 2500 Shannon View Road ~ Great Home at a WOW Price of $414,000 !!
• 1,856 sq. ft., 3 bath, 4 bdrm 2 story "Grade Level Entry"-MLS®$414,000 - Great Home at WOW Price!
Shannon Lake/Smith Creek, West Kelowna - Don't miss this great family home at a WOW price!
Featuring 4 Bedrooms (3 up, 1 down), 2 1/2 Bathrooms and over 1,800 sq.ft. of space on two floors.
Front living room (with stone accent gas fireplace), partially vaulted ceilings and front deck for scenic golf course and mountain views.
Inside you'll love the 'pet friendly' laminate floors, updated paint/carpets and a bonus family room downstairs.
A private backyard features hot tub, terraced rock gardens, accent lighting and covered deck perfect for enjoying Okanagan summer 'al fresco dining' or entertaining!
All located on a quiet no-through road near Shannon Lake Golf Course and Shannon Lake Elementary School.
For more details on Kelowna Real Estate, call Jaime Briggs, Coldwell Banker Horizon Realty at 250-860-7500, or go to www.BriggsOnHomes.com
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March Buyers Survey - Where are Kelowna Home Buyers Coming From? The Buyers Survey of "Who Bought Homes in the Okanagan and Where did they come from?" is now available online at www.BriggsOnHomes.com
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Shannon Lake/Smith Creek, West Kelowna - The walkout rancher at 3104 Shannon Place has just been sold. Property information Don't miss this awesome family home w/4 Bdrms (3 up, 1 down), large private fenced backyard & close to Shannon Lake Elementary
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