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Royal LePage Kelowna
1 - 1890 COOPER
Kelowna, BC V1Y8B7

In this issue...
· Featured Listing
· Real Estate stats for Central Okanagan
· How Well Do Know the Real Estate Business
· Living in the Okanagan
Project Integrates Hospitality & Healthcare

Collett Manor is a new development in Kelowna that will integrate hospitality and healthcare in a world-leading facility. Located across from the Kelowna General Hospital, Collett Manor is the first project in Canada to pursue WELL Certification.

To read more go to: http://goo.gl/iR5EVu
Featured Listing
Featured Listing $125,000 Big White Townhouse

Great Opportunity in this neat as a pin 2 bedroom, 1 bathroom ground floor unit in Serenity Peaks. New furniture, recent paint, big windows let in lots of natural light, very cozy. Fantastic access to The Ridge and Snow Ghost lifts easy ski in. Easy walk to the village. These units don't come on the market very often and especially in this condition!

For more info go to: http://goo.gl/yn2cKs
MLS® 10098797

Real Estate stats for Central Okanagan

Sales YTD are up 7.76%. Median price last month was $496,250. Listings YTD are up 1.20%. List/Sales Ratio last month 83.08%. Months of inventory is 4.23.

Sales YTD are up 11.12%. Median price last month was $255,000. Listings YTD are up 10.49%. List/Sales Ratio last month 83.18%. Months of inventory is 5.40.

Sales YTD are up 8.29%. Median price last month was $357,000. Listings YTD are down -2.49%. List/Sales Ratio last month 88.76%. Months of inventory is 3.63.

Sales YTD are down -16.90%. Median price last month was $209,900. Listings YTD are down -1.02%. List/Sales Ratio last month 90.48% Months of inventory is 18.05.

Sales YTD are up 4.29%. Median price last month was $97,900. Listings YTD are up 1.57%. List/Sales Ratio last month 54.29%. Months of inventory is 6.26.

For more detailed statistics go to: https://goo.gl/XSYJrw

The List/Sales Ratios give an indication of whether we are moving into a balanced or seller's market. Once we get below 6 months of inventory, combined with a 60% or more List /Sales Ratio, we know this is a good indication that we are moving into a seller's market.

How Well Do Know the Real Estate Business

In this section, I like to pass along something that you may not have known about the real estate industry.

I think the #1 misconception out there about Realtors®, is how wealthy most agents are (Financial Post article: http://business.financialpost.com/personal-finance/mortgages-real-estate/do-real-estate-agents-really-make-1000-an-hour).

Followed by the amount of work it takes to find someone a home or to help them sell their property.

I recently saw Paul Harvey's video about Realtors®, and on days when this business just gets a bit too tough, I watch this video and it reminds me that to be good at anything, it takes a lot of effort.

To see the clip please go to < https://youtu.be/nXQusdbG4vw >

Living in the Okanagan

Stuart Park Wins Title of Canada's Greatest Public Space. It’s an exciting honour for Stuart Park in downtown Kelowna which was named Canada’s greatest public space.

Located across the street from City Hall, Stuart Park was named number one in the Great Public Space category of the Great Places in Canada contest, put on by the Canadian Institute of Planners.

Stuart Park was praised for its multiple strengths and diversity, serving as everyday use for the public and its ability for multi-generated activities.

“Stuart Park bridges the re-emergence of Kelowna’s downtown within the incredible natural setting of the Okanagan Valley,” said Kevin King, MCIP, RPP, in his jury statement for Stuart Park. “Energized by a civic plaza, the park comes alive at all seasons.”

During the summer months Stuart Park hosts numerous activities and events. The plaza is then transformed into a skating rink in the winter.

To read more go to: https://goo.gl/Nt4biU

visit: http://goo.gl/S2kyI7
All offices are independently owned and operated, except those offices marked as "Royal LePage Real Estate Services Ltd." Not intended to solicit currently listed properties. The above information is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information.

©2015 Brookfield Real Estate Services Manager Limited.