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Kelowna Real Estate Blog

597 still pond lane - home for sale in wilden

Looking for a picturesque home with private lake views? Then you won’t want to miss this stunning, modern home for sale in Wilden. Located at the end of Still Pond Lane in a quiet, residential neighborhood, this beautiful family home is perfect for larger families in search of a home close to town, yet in a more quiet, country setting. With reaching views of the forested hillsides and walk-out access to Still Pond, this home is must-see for outdoor enthusiasts and nature lovers! See the full listing for 597 Still Pond Lane now!

About The Home

The house itself was built in 2008 and features 4 bedrooms, 4 bathrooms, and 4,305 Sq. Ft. of comfortable, open-concept living space. Everything about this home is modern, from its glistening kitchen to

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With the first half of the year on the books, I wanted to summarize where we are at during these interesting times. As you might expect, with two years in a row of double-digit property value growth in the Okanagan, and the headlines that go with it, we have seen the number of properties purchased for investment increase by 40%. This is a combination of baby boomers looking to augment their retirement income and out-of- towner’s catching wind that Kelowna’s market is in the full swing of a real estate boom and looking to get a piece of the action.

News For Investors

Now not all real estate investments in Kelowna have performed equally. Some have really exploded. Those holding properties in the new RU7 designations are seeing huge gains as values on

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We hear headlines like the central Okanagan home values are up 8.5% year over year and that’s great, but which neighborhoods in Kelowna are driving that appreciation? Which neighborhoods are performing well above the regional average? Whether you’re an investor looking to buy in the hottest little pocket or just a homeowner curious to know how your neighborhood stacks up, this little comparison should be of interest to you.

Before we jump into the top 5 growth neighborhoods, here is a bit of context to give you a frame of reference. The bottom 5 neighborhoods only appreciated by between 4% and 10%.

OK and now for the list. You will note that the top 3 are essentially in a 3-way tie and at 23% price growth. A couple tenths of a percent can be swayed

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With the first half of the year on the books, I wanted to summarize where we are at during these interesting times.

The Desire for Investment Properties Is Staggering

As you might expect with two years in a row of double digit property value growth in the Okanagan, and the headlines that go with it, we have seen the number of properties purchased for investment increase by 40 percent. This is a combination of baby boomers looking to augment their retirement income and out-of-towners catching wind that Kelowna’s market is in the full swing of a real estate boom and looking to get a piece of the action.

Now not all real estate investments in Kelowna have performed equally. Some have really exploded. Those holding properties in the new RU7

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We believe there’s a step when buying a home that is absolutely critical.  In a tight market with low inventory it’s even more important. Unfortunately most people totally miss this step at Vantage West we call this, Market education.  Market education is about systematically getting out and viewing homes, not for the purpose of buying but rather to educate yourself on the market, establishing a baseline for what your price range affords you, and refining your criteria. This is a step that the vast majority of agents will skip thinking it’s a waste of their time, however experience has taught us, this simple investment of time up front comes with a number of benefits.

  1. Number one is confidence – By getting out and viewing homes in a no pressure
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kelowna-investment-real-estate

I like to tell war stories. You know, the really gritty, tough moments of being a Kelowna real estate investor—the nightmare tenants who are 3 months behind on rent, the money sucking roof repairs, flooded basements, and backed-up sewer lines. Maybe it's a badge of honour, or maybe I just like to vent, but inevitably every time I share one of these trials with someone I get a similar response. People say “Yeah, I just don't think it's worth it” or “Seems like it's not worth the hassle”.

Now, to be fair, typically the people I'm chatting with aren't high-powered executives or independently wealthy types. They're regular, working-class people like you and me, who work a 40 or 50+ hour week in exchange for a wage or salary. Most of them are daily

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Benefits of buying a home in Kelowna, BC

Becoming a homeowner has so many rewarding advantages. Sure, it can seem like an arduous undertaking if you’re a first-time buyer, but a little bit of hard work and financial commitment are worth it in the long run.

Here are just some of the many advantages of owning a home vs renting:

Homeownership Builds Long-term Wealth & Equity

Unlike buying a car or motorcycle, a home is an investment that isn’t going to depreciate much over the years, especially if you maintain it! Kelowna’s real estate market is thriving, and as one of the most desirable places to live and retire in, it’s a low-risk place to invest. With each passing mortgage payment, you’re slowly but surely paying down your loan and building your equity.

Over time, owning is by

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Is it better to buy or rent in Kelowna, BC

Here's some food for thought…the average rent for a 2-bedroom unit in Kelowna is currently $1,600 per month.

What does this mean for those who are renting in the Kelowna residential market?

  • 1 year of rent is equivalent to $19,200
  • 3 years of rent is equivalent to $57,600
  • 5 years of rent is equivalent to $96,000
  • 10 years of rent is equivalent to $192,000

Conventional wisdom tells us that money spent on rent over time is being flushed down the toilet because you're paying off someone else's investment. If we look at the flip side of this, for most people who can muster the down payment, buying is the better choice. When you own your Kelowna property, that $1,600 per month will be going towards your own investment and not someone

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Multiple offers don’t just happen by chance, there is actually a science behind vastly improving your odds of getting a bidding war on your property. If you watched my last video on what to do in advance of listing you know that an appraisal, a pre-inspection and a staging consultant should be brought in before the marketing starts.  Now there’s the MLS launch date and that’s where things start for most agencies marketing plan, at Vantage we believe that the 7 days leading up to the listing launch are the most important. There are a number of ways that we can start creating awareness and excitement for the listing using coming soon sign toppers, social media blasts, networking within the team and exposure to a large database of buyers and select agents.

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