October Stats for Kelowna Real Estate are In

October stats are out and they paint a very good picture for the future of real estate in Kelowna. The market adjustment was minor compared to other parts of the country. Prices are down about 10-15% across the board, interest rates are still historically low, and continued world-wide attention has propped up housing values in Kelowna. After seeing sales drop off considerably they've been steadily marching back with monthly gains in sales and dollar volume.
In October there were 215 residential sales, up from 210 sales last month. Certainly a healthy number compared to the 91 residential sales in October 2008! It's interesting to see that sales for condos and townhouses are up too as the current inventory is absorbed. Apartment sales for October 09 were 73 over last years 34 and townhomes showed 56 sales this October versus a paltry 18 last year at the same time. I talked about increased lakefront real estate activity in early October and it's up an incredible 400% over last year!! OK, seriously, there were 4 sales in October and none last year!
Listing inventory is starting to drop off as it tends to do this time of year. With serious buyers still out there and fewer homes to choose from, this can be a very good time of year to sell! Give me a call at 250-862-6464 if you're thinking about it.
Talk to you soon...
Paige

What about the neighborhood?

There is a neighborhood in Kelowna called Wilden in North Glenmore. The main idea is to integrate beautiful housing into nature with as small a footprint as possible. Great in theory but what about reality?
I live in Wilden and love the trails, natural ponds and untouched wilderness behind my house. As someone very interested in being good to the environment I appreciate that the roads are very narrow, thereby reducing the amount of clearing required, concrete and blacktop used, etc. As we've lived here, this has however proven problematic.
Today is Friday, and in a few more hours my road will be almost impassable as everyone loads up their boats, trailers, and campers that will be parked on the road. We recently had a large flood in our house and the restoration company needs to get a container to move out all our stuff for the repair. It was funny watching the guy delivering the container try to negotiate the narrow road and short driveways in his attempt to get the job done. It didn't happen! All the boxes will have to be hoofed down the road into the container.
Is it possible to get used to things like this or are we too spoiled to be inconvenienced by some things that are good for the planet? I'm going to try harder to get used to it!