So as we wind down 2009... the real estate market in Kelowna has settled down for what we hope to be a healthy balanced market with some slight increases in price for 2010. I had mentioned in a previous entry that I had experienced a flurry of interest from people interested in lakeshore property.
Real estate on any lake is a dream for a lot of people. This year the least expensive lakeshore property sold was a 3500 square foot, gradelevel home that was built in 1987 and needed complete updating. Located on Green Bay Road in the West Kelowna neighborhood of Lakeview Heights, it sold in June for $815,000. At the other end of the spectrum, the most expensive lakeshore property sold in 2009 was a newer 7200 square foot custom built 2 story home with an in-ground pool, deep water moorage, and an oversized boat lift. This sold in July for $4,810,000.
I'm dreaming of winning the lottery tonight!
Talk to you soon...
Paige
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