November Real Estate Sales Statistics

November was the first month we have seen a slight reduction in Residential sales since February with a reduction of -8% over least years sales. However we have consistently seen low inventory and a -14% reduction in new listings on the market. Prices also rose by $30,000 which is a positive sign that we are heading towards a sellers market. 

Apartment sales have seen consistent and healthy growth with an 18% increase over last year and inventory consistently down by -28% for November. Prices rose slight with a $11,000 increase.  

Townhomes saw a decrease for November with a -14% decrease and also a reduction in inventory of -15%. Prices are rising by $17,000.  

Lot sales went through the roof with an 186% increase in sales for November and a -20% decrease in listings. Lots of activity with new home construction to be seen in the coming year and spring market. Prices have risen a by $9,000.

Kind regards,

Tiffany Munsey 

A licensed REALTOR® with Coldwell Banker Horizon Realty

Cell: 778-214-4843

www.tiffanymunsey.com

tmunsey@coldwellbanker.ca

Coldwell Banker Horizon Realty

Office: 250-860-7500

Fax: 250-868-2488

14-1470 Harvey Ave.

Kelowna, BC V1Y 9K8

www.kelownarealestate.com

March Sales Stats - Kelowna Real Estate with Tiffany Munsey

Welcome to spring Real Estate Sales in Kelowna, lots of exciting things happened in March. 

Residential Sales Increased 25%

Apartment Sales Increased 15%

Townhouse Sales Increased 11%

Overall Kelowna Real Estate Sales were up 22% and Active Listings were Decreased 10%

Total Average days to sell 104, down 25 days. 

If you are thinking of Buyer or Selling your home in Kelowna, give Tiffany Munsey a call!

Tiffany Munsey

A Licensed REALTOR®
778.214.4843tmunsey@coldwellbanker.ca

www.tiffanymunsey.com

You can also find me on Facebook, Twitter, YouTube and Instagram. 

Coldwell Banker Horizon Realty

#14 - 1470 Harvey Avenue
Kelowna, BC, V1Y 9K8
Office: 250.860.7500
Fax: 250.868.2488

www.kelownarealestate.com

KELOWNA REAL ESTATE - FEBRUARY

FEBRUARY REAL ESTATE UPDATE

The weather and the real estate market were both warm for January 2014.

We saw an almost 6% rise in Single family home sales and a decrease of over 11% in new listings. This theme was consistent for 2013 and is expected to continue for 2014 and beyond. 

What does this mean for Kelowna Real Estate? It means we are now seeing a balanced market, and that buyer's confidence has returned. Sellers can now feel confident that their home will sell within their desired timeframe (when priced at the market).

Both Alberta and Vancouver are seeing healthy growth and sales, with many people looking to move to Kelowna and/or to purchase vacation homes.

Sellers:
The buyers who are in the market in February are serious buyers ready to make a quick purchase. Take advantage of these buyers before your yard maintenance starts.

Buyers:
Sellers may be willing to negotiate a better deal now if they have been sitting on the market over winter. Sellers are also looking to make a sale before the major spring yard maintenance jobs start.

If you are thinking of buying or selling in the Okanagan, I would love to work with you to make your move.

Tiffany Munsey
tmunsey@coldwellbanker.ca
www.tiffanymunsey.com
778-214-4843

Skating at Stuart Park - Living in Kelowna

Living in Kelowna has its perks  and if you are thinking of buying a home in Kelowna Stuart Park Ice Rink is one of the many great features you will find. 

With Kelowna Real Estate sales on the rise, this is just one of the reasons why many people choose to make Kelowna their home. 

 The skating rink is open daily from 6 a.m. to 11 p.m., weather permitting. The camera image will update frequently allowing residents to view rink conditions before heading downtown.The ice rink is expected to remain in place until late February, weather permitting.

Skate Rentals

This year, skate rentals will be available at Stuart Park daily from 11 a.m. to 8 p.m., except Christmas Day and Boxing Day. This on-site service makes it more convenient for people who want to skate at the outdoor rink but need to rent skates. For skate rental information, contact 250-215-4458.

Skaters can also enjoy Public Skating at Rutland Arena, Capital News Centre and Memorial Area.


If you are thinking of buying or selling in Kelowna, give me a call today!

TIFFANY MUNSEY
778.214.4843
tmunsey@coldwellbanker.ca
www.tiffanymunsey.com



COLDWELL BANKER HORIZON REALTY
14-1470 Harvey Ave
Kelowna BC V1Y 9K8
250-860-7500

Kelowna Real Estate - December Recap and Looking ahead to January 2014

You may assume that the holiday season would be slow in Kelowna for real estate sales, however it was not the case for December 2013. 

Kelowna real estate sales saw an increase of +45% for single family homes in Kelowna for the month of December and a decrease in listings of -21%. We saw the second highest increase in Kelowna home sales behind September of this year, which was +61% increase.

Listing inventory was also down in December by -17%, which follows the consistent trend for all of 2013. 

The common trend for all of 2013 was an increase in sales and a decrease in listings, leading us into what is now a looking a lot like a balanced market. On an even more positive note, this trend is not restricted to Single Family Homes, we have see the same trend for apartments, townhomes and lots in Kelowna. As supply and demand dictates will gradually switch from a balanced market to a Sellers market, however don’t expect drastic changes in the Kelowna market for 2014, but you will see more and more positive changes ahead. 

If you are a Buyer looking to purchase a home in Kelowna, now is the time to do it! Waiting until spring means that you will have more competition with other buyers and may not be able to negotiate as good of a deal. 

If you are looking to Sell this year, listing now may be a good option for you as the buyers who are currently in the market have been faced with low inventory and are ready to buy with cash in hand. If you wait until spring you may waste more time and money getting your yard looking good and be bombarded with showings from buyers who are just shopping around instead cash in hand and to pull the trigger. 

If you are thinking of buying or selling in Kelowna give me a call today. 

Tiffany Munsey

778-214-4843

tmunsey@coldwellbanker.ca

Halloween "Life Hacks"

Thinking about decorating for Halloween? Here are some easy and fabulous "life hacks" to help take the "trick" out of decorating your house and turn it into a treat.

Forget pupkins, turn milk jugs into laterns with the help of Christmas lights, glow sticks or a head lamp. (Also gives you a jump start on detangling your xmas lights)

Punch blow for the party? Carve out a pumpkin and drop a bowl inside. 

Vampire pumpkins, why not, candy teeth or fangs from the dollar store with pin eyes do the trick.

How do you keep pumpkins looking great....floor cleaner does the trick to preserve them. 

Cute and easy way to decorate pumpkings, knee high stalkings!

Glow in the dark pumpkins and a little masking tape, make for a scary combination.

Make holes with a power drill for a decorative effect.

Coloured glow sticks are a great option for kids and a safe alternative to candles.

Use a pin or nail to trace marks into pumpkins.

Use a mallet and a cookie cutter for fast, sharp and effective shapes or eyes.

Dry erase markets are easier then permeant markers, as mistakes are easy to fix. 

Cut the top and side out of the pumpkin for easy candle installation.

Turn a pumpkin into a Keg. 

Buying and selling your home should not be "spooky  or scary",  if you are thinking of buying or selling, give Tiffany Munsey, for all your Kelowna, BC Real Estate need 778-214-4843. 

Talk to you soon…

Tiffany

Knox Mountain Park: Why We Live here

One of my favourite things to do in Kelowna and very popular with locals and tourists is hiking Knox Mountain. We decided to kick it into high gear and hike the Apex trail which is one of the more challenging trails to take on Knox. If you want to add a swim to the middle of your hike in the hot summer days, be sure to check out Paul's Tomb which leads you down to the lakefront. Enjoy your time in Kelowna and remember this is why we live here and why many people choose to call Kelowna home. 
Here is a YouTube of our snap shot of our adventure. 

Knox Mountain Park is one of the most prominent municipal parks in Kelowna. Centrally located within the city, it forms the largest contiguous park space in Kelowna and features approximately 1365 linear meters of waterfront on Okanagan Lake. 

Knox Mountain Facts:

-282 Hectares
-1365 Linear Miles of waterfront
-The Knox Mountain summit rises 646 m above sea level and approximately 300 m above the level of Okanagan Lake.
- Kathleen Lake is approximately 2 ha (5 acres)
- 16 Trails
- Dogs Allowed on Leash

Park History

1874 Scottish immigrant Arthur Booth Knox acquires cattle range via crown grant. Knox, in turn, sells the land to the Okanagan Fruit and Land Company.
1906 Land subsequently subdivided and resold into smaller parcels.
1910 A family vault is constructed by Rembler Paul on the portion of parkland now known as Paul’s Tomb.
1912 Dr. Benjamin deFurlong Boyce, first doctor of Kelowna, purchases 190.82 acres that encompasses the mountain.
1939 Dr. Boyce donates the land to the City for park for $1.00.
(Kelowna #4179 Museum & Archives)
1958 First Knox Mountain Hill Climb event hosted.
1967 Stanley M. Simpson establishes a trust fund for capital improvements in the park. Improvements include construction of a paved road and the first Pioneer Pavilion.
1989 The City acquires Paul’s Tomb properties.
1990-92 Park expands to include the summit of Knox Mountain with development of the Magic Estates Subdivision.
1999 The park advocacy group known as the Friends of Knox Mountain Park is formed.
2002 The Simpson Trust Fund, in partnership with the City, provides funding to replace the original pavilion, and to construct a washroom building and caretaker’s residence.
2006 Park expands with the City purchase of the lands around the Kathleen Lake area.
2010 Two City-owned parcels east of Grainger Road are dedicated as park by City Council to form Knox Mountain East.

Tiffany Munsey

Kelowna Real Estate Sales

Licensed REALTOR®

778-214-4843

tmunsey@coldwellbanker.ca

www.tiffanymunsey.com

Coldwell Banker Horizon Realty

14-1470 Harvey Ave

Kelowna BC

250-860-7500