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Mark Coons Kelowna Real Estate
Coldwell Banker Horizon Realty
Serving Kelowna, West Kelowna, Peachland and Lake Country
250-801-0361
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Selling in a Seller's Market with no Homes to Buy
In the last 10 years, we have never had this low inventory. Low-interest rates and high relocation rate which has made up of around 40% of the buyers in the Central Okanagan through 2020 is creating a one of the strongest seller's market. Currently, there are 540 single-family active listings in the Central Okanagan and in 2021 so far there have been 182 single-family sales. The apartment supply is currently at 380 listings with 95 sales so far in 2021. Townhomes right now ar
Moving during a Pandemic
I am not sure anyone could have anticipated such a hot sellers market in the middle of a pandemic. This week we breakdown at where the demand is coming from. Throughout the year 2020 out of the 9,875 sales of the 59% of the buyers in the from within the board area. In the newly amalgamated Association of Interior Realtors. the top buyers from outside the region were from Vancouver/ Vancouver Island accounting for 17% (1,678 sales) of the buyers. As the Alberta economy conti
Top Renovations for the Best Return on Investment
What is worse, moving or living in a home during a renovation? The decision to sell and find a new home or to make your home the way you want it? This mental battle is not new that homeowners are facing. My family and I are asking the same questions, and in a tight real estate market with low inventory, the decision to renovate our home and make it our own is becoming more and more appealing. Here are some renovations we did in the last couple of months. Sorry, we are not a P
Market Value v.s. Assessed Value | BC Assessments
With a new year comes new assessments, BC assessments has now mailed out over 283,500 to homes in the Thompson Okanagan. But what is the difference between market value and assessed value? Can you rely on the assessments for an accurate estimation of the value of your home? In this video, I give you a baseline of what you can use to value your home compared to assessment as of right now. The main issue with using assessment values compared to market value is that they are la
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