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January 2013 - Okanagan Real Estate Statistics

February 26th, 2013
JANUARY SURVEY SUMMARY
Property Type:
24.8% by First Time Buyers (up from 17.5% in December)*
19.8% of purchases were by Move-Up Buyers (down from 29.9% in December)
13.2% buying Revenue/Investment Property (up from 9.3% in December)*
11.6% purchasing Recreation Property (similar to December's 11.3%)
10.7% moving from Single Family Home to Strata Unit (up from 5.2% in December) *
3.3% moving fr ...

323 Woodpark Crescent, Kelowna - Reduced to $559,000!

February 25th, 2013
Click here for complete information:

323 Woodpark Crescent - Reduced to $559,000 

Kelowna 3 Bedroom Townhouse for $176,000!

February 20th, 2013
FYI - 1028 Glenmore is heading to court Feb. 27, 2013 - 2 bedrooms, 2.5 bathrooms, 1,328 sq. ft. townhouse. Accepted offer is $176,000. 

--
Alexandra Axsen
Owner/Managing Broker
Lake Okanagan Realty
Tel: 250.870.2792
Alex@LakeOkanaganRealty.com 

Solid Advice on Buying Real Estate

February 11th, 2013

Solid Advice on Buying Real Estate

 

You don't wait to buy real estate, you buy real estate and wait! Why do I say this? It really is quite simple: inflation!

 

If you purchased an average single family home in Vancouver in 1960, that house would have cost you $13,105. Your 5% down payment would have been $655.25. That's right folks - for the same price as you would buy a bicycle t ...

2011 PNE Prize Home in Kelowna For Sale!

February 8th, 2013
The 2011 PNE Grand Prize show home in Kelowna is now for sale! The house was valued at $1,200,000 when this prize was awarded. The home is being sold fully furnished for only $799,000. For more information email: Alex@LakeOkanaganRealty.com.

--
Alexandra Axsen
Owner/Managing Broker
Lake Okanagan Realty
Tel: 250.870.2792
Alex@LakeOkanaganRealty.com 

Big White Condo half price!

February 8th, 2013
Email me if you want a wicked 2 bedroom condo at Big White for half price. Owner paid $250,000...take over mortgage payments of $118,000 and it's yours. Owner doesn't use it anymore and just wants to unload it.  Alex@LakeOkanaganRealty.com

New Downtown Kelowna Developments

February 7th, 2013

New Downtown Developments

 

$78 Million! That’s how much development money is begin poured into Downtown Kelowna with current projects that have either started or have been approved.

Some of these development projects have started like the Bernard Avenue Revitalization and the Public Pier while others will start later this year. For example the Kelowna Yacht Club expan ...

832 Walrod Street, Kelowna North, Kelowna, B.C.

February 6th, 2013

I just finished uploading this Single Family Home for sale, 832 Walrod Street, Kelowna North, Kelowna, B.C.

Investors alert! 5 bedroom house including a fully renovated 2 bedroom suite in the basement complete with separate entrance, full kitchen and bathroom. Located walking distance to Knox Mountain with hiking trails and tennis courts and Sutherland Park on Lake Okanagan with sandy beach ...

323 Woodpark Crescent, Kelowna - Reduced!

February 6th, 2013
Gorgeous 5 bedroom family home in Magic Estates REDUCED down to $569,000. Click on the two links below to view complete information:


323 Woodpark Crescent - Brochure-1.pdf

323 Woodpark Crescent - Brochure-2.pdf 


--
Alexandra Axsen
Owner/Managing Broker
Lake Okanagan Realty
Tel: 250.870.2792
Alex@LakeOkanaganRealty.com
www.LakeOkanaganRealty.com 

The Truth on Mortgages

February 6th, 2013

The Truth On Mortgages

 

Most of my clients focus on mortgage rates but this is not the only variable that needs to be considered when obtaining a mortgage. It is important to sit back and figure out what your long term goals are with respect to your real estate purchase: are you planning to flip it in a year, hold onto it as a rental property, live in it, etc. The type of mortgage yo ...

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