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Jason Neumann Realtor® www.KelownaRealEstateNews.com

Okanagan Foreclosure Properties and MLS Listing Inventories for August 2009

Current listing inventory as of August 28,2009:

Single Family Dwellings - 2091 properties including 12 pending offers

Strata - Condos - 1073 properties including 3 pending offers

Strata - Townhomes - 505 properties including 8 pending offers

Manufactured Home - 229 including 1 pending offers

Lots/Acreages - 937 properties including 4 pending offers

Total properties for sale - 4,835 (total inventory increase of 0.62% from last month)

There are a total of 45 foreclosures amongst the entire listing inventory. That is an overall change of one listing to the total number of foreclosures from July/09 to August/09.

Current foreclosures in the Central Okanagan listings represents 0.9% of the total listing inventory!

The breakdown is as follows:

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

32 Single Family Residential ($250,000 to $2.295 Million)

10 Strata Properties ($189,900 to $999,000).

There is currently one pending sale on a foreclosure property in the Joe Rich area.

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

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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

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50th Anniversary of Rutland May Days start May 15th

Rutland May Days

This year's 50th anniversary of Rutland May Days will run from May 15 to May 18 in Centennial Park. 

Event's include: All-Star Wrestling, Bull Riding Championships, Karaoke, Youth Dances and an Amusement Park.

Daily admission to various events is $2.  Breakfast will be served every morning from 8am. 

Parade will begin Saturday, May 16 at 10:00am. 

Sincerely,

Jason Neumann

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Central Okanagan Listing Inventory and Current Foreclosures

Current listing inventory as of May 2009:

Single Family Dwellings - 2076 properties including 15 pending offers

Strata - Condos - 1028 properties including 5 pending offers

Strata - Townhomes - 557 properties including 6 pending offers

Manufactured Home - 208 including 0 pending offers

Lots/Acreages - 740 properties including 5 pending offers

Total properties for sale - 4,640

And amongst the entire listing inventory...only 27 Foreclosures!!! 

This means that only .0058% of all Central Okanagan listings are currently in foreclosure!  The breakdown is as follows: 2 Lots and Acreages, 19 Single Family Residential ($226,800 to $2.49 Million) and 6 Strata Properties ($134,900 to $329,000).

Bottom line is the pricing and selection of properties in the Okanagan is the best it has been in years.  Taking advantage of this balanced market is what investors are doing, shouldn't you? 

Sincerely,

Jason Neumann

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Come celebrate the 20th Annual Taste of Kelowna

Wild Apple Grill

The 20th Annual is set to fill the hungry appetites of Kelowna residents this coming Sunday March 29,2009 from 11am to 4pm and held at the Kelowna Curling Club.

Organizers are expecting more than 4,000 visitors at this years event will have 32 booths and over 100 dishes to sample from.  Some of the restaurants and eateries planning to attend are:  Annegret's Chocolates, Bonfire Restaurant, Cannery Brewing, Chances, Christopher's, Coast Capri, Mill Creek Brewery, Freddy's Brew Pub, Gehringer Winery, Grand Bay Cafe, Hanna's, Hotel Eldorado, Industry Restaurant, Infusions, Mekong, Memphis Blues, Montana's, Moxies, Nature's Fare, Oughtred Coffee and Tea, Spoonstruck Eatery, Summerhill Sunset Bistro and Summerhill Winery, Tree Brewery, Van Houtte Coffee and Wild Apple Grill.

So be sure and bring the whole family for a fun afternoon of eating and children's entertainment with live music, magicians, clowns and dancing on the agenda.  Cost of admission is $4 for adults, $2 for children 7 to 12 years of age and free for kids under six years . Food samplings are $1 to $2 each.  The net proceeds of this event benefit the following local community organizations: Boys and Girls Club, YMCA Strong Kids Campaign and Kids Care.

 Sincerely,

Jason Neumann

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