Happy Thanksgiving…

Thanksgiving this year means a time to let negative thoughts go and focus on only positive. The past 12 months in real estate have seen a lot of falling prices and we wonder where will it end. We must then stop and focus on what is positive—if you’re buying what a great time with low ,low interest rates, prices down approximately 35% from 2008 We give thanks for our beautiful climate, expanding university, hospital,and airporte. We have more wineries and golf courses per capita in this valley than anywhere in Canada; So I give thanks to be living & working here.
 
We know markets rise and fall and someday again we will see those same prices and higher.
 
So I give thanks for my darling daughter and 2 sweet grandchildren, for my dear friends and clients and for my good health. Please don’t hesitate to call me with any of your real estate needs and be sure to have a HAPPY THANKSGIVING.
 
Diane

Click here to view Diane’s entire Thanksgiving 2012 newsletter including featured properties.

Click here for a snapshot of Central Okanagan current market conditions June – August 2012

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Seasons Greetings to all my past, present, future clients and friends…

This time of year always makes me reflect on the past 12 months. In real estate, we saw markets stagnate and fall. The MLS stats tell us the following: in the Central Okanagan over the past year units listed are down 8.63% from last year; sales are down only 1.35% from last year and prices have fallen 2.63% overall.

We know markets change rapidly. A three-month period is all our financial institutions consider appraisals valid for. We know that if your property was valued at one price at a certain period of time and it has declined in value presently it will reach and exceed that value by some time in the future. We just don’t know when. Be patient – don’t over leverage.

We know markets change rapidly. A three-month period is all our financial institutions consider appraisals valid for. We know that if your property was valued at one price at a certain period of time and it has declined in value presently it will reach and exceed that value by some time in the future. We just don’t know when. Be patient – don’t over leverage.

Our great benefit in the marketplace today is that interest rates are at an all-time low, with no indication of increasing anytime soon. Lending Institutions rules are consistently tightening and becoming more stringent. The past few years have made us all very cognizant regarding our debt limits. My economic formula is very simple; One must keep more coming in than goes out to stay on top.

Click here to view Diane’s entire Seasons Greetings 2011 newsletter including featured properties.

Click here for a snapshot of Central Okanagan current market conditions Sept – Nov 2011

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Easter Greetings

I love this time of year; “Easter” means to me HOPE, NEW BEGINNINGS and OPTIMISM.

Looking at the Real Estate market this past quarter, we’ve experienced 20 – 30% less sales from one year ago.  Why am I optimistic?  Why do I have hope?

March started to move towards a more balanced market.  Although sales were still down 17% from a year ago listings were also down by 8%.

With interest rates still at all-time lows and 30% of all buyers being “first time buyers” who are now purchasing, and why Not? They can have mortgage payments less than their rental payments, are very important as they move the market from the bottom up so all levels move.

The BULK of OUT-of-TOWN BUYERS are coming from the hot Real Estate market in Vancouver.  If you are retiring to the city of Kelowna from Vancouver, you can buy the equivalent home in Kelowna and put a couple of hundred thousand dollars in your savings account.  The oil industry is once again moving and we see more Alberta money flowing into our area looking to buy either investment properties or retirement homes.

ARE WE OUT OF THIS REAL ESTATE RECESSION? Not entirely – but a lot of my clients think certain area’s of real estate have BOTTOMED OUT price wise.

Markets are markets & supply and demand are the main driving force. Remember – THE OKANAGAN VALLEY is in DEMAND! I invite you to drop into my Sunset Drive office in the Heart of Kelowna’s Cultural District and talk to myself or Laurie Perkins about any of my listings. On the water, on a golf course or some other UNIQUE property I have for sale.

Click here to view Diane’s entire Spring 2011 newsletter

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Thanksgiving, a time for giving thanks for all we have…

Thanksgiving is a time for giving thanks for all we have; to count our blessings and focus on what we have rather than what we have not.

Real estate in the Okanagan Valley is a wonderful thing to have. We are blessed with one of the best climate in Canada. The playground of many, whether you enjoy our beautiful lakes, golf courses, ski resorts or wineries and orchards or capitalize on our growing and ever expanding amenities in the cities and surrounding areas.

Click here to view Diane’s entire Fall 2010 newsletter including Central Okanagan market update.

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Okanagan Real Estate – Google it!

Market up? Market down? Everyone has an opinion!

One day its doom and gloom:
The listing inventory is high;      The number of sales is down;      The interest rates are rising;      There are too many people unemployed.

The following day, “The recession is over”
The average home price is up;      The interest rates are near all-time lows;      The selection of properties is excellent;      The number of building permits (jobs) is up.

Who is right?
When in doubt, Google it!

Click here to view Diane’s entire Summer 2010 newsletter including Central Okanagan market update.