Kelowna Foreclosure Properties and Listing Inventory for July 2009

Current listing inventory as of July 27,2009:

Single Family Dwellings - 2113 properties including 8 pending offers

Strata - Condos - 1035 properties including 3 pending offers

Strata - Townhomes - 533 properties including 6 pending offers

Manufactured Home - 236 including 0 pending offers

Lots/Acreages - 915 properties including 5 pending offers

Total properties for sale - 4,832 (total inventory down 1.45% from last month)

There are a total of 46 foreclosures amongst the entire listing inventory. There was no change to the total number of foreclosures from June/09 to July/09. However, there was a 40% increase in Single Family foreclosures (up from 23 in June to 32 in July) and approximately a 30% drop in Strata Properties (down from 16 in June to 11 in July)

Current foreclosures in the Central Okanagan listings represent of the total listing inventory!

The breakdown is as follows:

2 Lots and Acreages ($445,000 and $590,000)

32 Single Family Residential ($225,000 to $1.874 Million)

11 Strata Properties ($179,900 to $990,000).

There is currently one pending sale on a foreclosure property at this time.

If you would like a detailed list of current foreclosures in Kelowna and its surrounding areas please contact me at (250) 808-7700 or jason.neumann@century21.ca

Sincerely,

Jason Neumann