Okanagan Shuswap Real Estate : Buyer Resources

APRIL STATS: OKANAGAN-SHUSWAP HOUSING MARKET STRONGER IN APRIL

Brenda Ellis "Brell" — Mon, 06 May 2013 17:18:00 GMT

APRIL STATS: OKANAGAN-SHUSWAP HOUSING MARKET STRONGER IN APRIL Here is the latest overview from the Okanagan Mainline Real Estate Board with regard to residential sales activity from Revelstoke to Peachland. Kelowna, BC – The Okanagan Mainline Real...(read more)

Cherryville BC Real Estate 1/2 yr. Market Update '12

Brenda Ellis "Brell" — Tue, 24 Jul 2012 22:59:00 GMT

(Feel free to share this info with your network) If you are considering buying or selling real estate in the North Okanagan community of Cherryville, BC here are some stats to start your research. In this post we use information pulled from the Okanagan...(read more)

In Focus: North Okanagan Residential MLS Real Estate : Townhomes and Condos January and February 2012

Brenda Ellis "Brell" — Wed, 14 Mar 2012 22:03:00 GMT

A look at the Townhome and Condo sector of North Okanagan Residential MLS real estate. Scroll down and click to view this video. Click here for reports on what Condos and Townhouses sold in the Vernon BC real estate area.

If you or anyone you know is looking for real estate services, I'd love to help.

Brell - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®

Sutton Group - Lakefront Realty
2749 30 Street, Vernon, BC, V1T 5C6

A growing team, a different approach...we are better together!

Visit my site Share with me on Facebook Share with me on Google+ Share with me on Twitter

Top 10 Data Problems in Okanagan Shuswap Listings and what they mean to Buyers and Sellers

Brenda Ellis "Brell" — Mon, 20 Feb 2012 17:50:00 GMT

I wanted to share this list I got from OMREB, our local real estate board about the Top 10 Data integrety issues they hear about from local real estate listings posted on MLS:

1. “For sale” signs in the listing photos - showing advertising
2. Multi-level homes listed with the total square footage - all showing on the main floor
3. “No Showings Until” posted in Comments
4. Unfinished floor area being counted as finished square footage
5. Incorrect P.I.D #
6. Partial Seller Names
7. Wrong Sub Area
8. Wrong Type of Dwelling
9. Contact information included in the Public Remarks
10. NOT including bathrooms as a room - causing an inaccurate count of bathrooms *

Now - these things certainly can effect you as a potential buyer or seller. Some moreso than others.

If the for sale sign is in the picture - that does not really impact you - that is compliance issue. Things like incorrect reporting of the square footage on multi-level homes is a BIG deal - because not only to Buyers often search by square footage - Realtors do too! This means people who are looking for a home with multiple levels are NOT being exposed to yours.

The "No showings until" is another compliance issue - If a home can not be viewed, according to the Board, it is NOT for sale, and the listing should not be ACTIVE.Sometimes Realtors have been known to do this to try to set up a "frenzy" ...also they have been known to STACK appointments so that it looks like there is a lot of keen interest in the home. The goal herer is to create "Buyer Urgency." I have seen this before, but not lately.

Unfinished floor area being counted as square footage - Yes - this happens. Sometimes I think it comes down to a judgement call as to how important this is.. but there are guidelines (and we will cover that in a separate post)

Having the incorrect P.I.D.(Property Identification) number is HUGE! This can cause a massive problem on closing day. When we prepare an offer for a BUYER, much of the data will transfer from the listing if we enter in the MLS number.... Each parcel of land in BC has a unique number that identifies it and links it to it's legal description. You want to make sure that you are BUYING the right ONE! This can cause problems on closing day and stress that no one needs. Ensure your Realtor compares the information with a copy of the TITLE of the property you are buying.

Partial seller names... well.. as a buyer - that is not a real concern. As a Realtor, That is another biggie -and again this information should be caught by comparing the listing to the TITLE.

Wrong Dwelling type - Really. Yes it happens. And it skews search results. Meaning that Buyers and Realtors searching will miss being exposed to a Sellers property. This is a BIG DEAL.

Wrong SUB area - this happens A LOT. Sometimes on purpose - where properties are placed in areas that are "more popular" and sort of near... wink wink, nudge nudge, to enhance the property viability. It also happens because Realtors may not take the time to consult with the Board defined areas. In areas where new development has taken place.. (Think Turtle Mountain) there is a variety of sub areas that are applied - and none that adequately identify where it actually is... Alexis Park? Vernon City? (I am lobbying for a new neighbourhood)

Realtors entering their contact information is permitted in the "internet" remarks, but not in the "public remarks"... Does it affect you as a buyer or seller? That depends on your views on DUAL Agency. ( a can of worms we will talk about in a later post)

AND lastly not including bathrooms as a room.... Think about the questions that you might ask to narrow down the property search (currently ove 1800 residential listings...) almost always, in looking for a home - buyers and Realtors will include a number or a range.. (1-3) in that field... so if the bathroom is missing as a room.. it is not showing up in the list of potential properties.. pretty important I would say!

For Sellers - Check your listing! Make sure your representative has captured everything correctly. For Buyers -if you are not finding what you want.. maybe try a new search to expand your search parameters. If you find errors Report them. Realtors... do it right the first time. If you make a mistake - fix it, quick!

If you or anyone you know is looking for real estate services, I'd love to help.

Brell - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®
Sutton Group - Lakefront Realty
2749 30 Street, Vernon, BC, V1T 5C6
A growing team, a different approach...we are better together!
Visit my site Share with me on Facebook Share with me on Google+ Share with me on Twitter

North Okanagan Real Estate update: What Sold Sept. 14 to 20th 2009

The Okanagan Real Estate Hub — Sun, 20 Sep 2009 19:25:00 GMT

It was another steady week in North Okanagan real estate sales, with our search showing 28 properties achieving the Sold status. Here is an overview of what things looked like in Vernon BC and surrounding area real estate.

For more details about specific properties check out What SOLD this week.

Lots & Acreages:

2 properties sold after an average of 142 days as active listings. The median list price of these properties was $249,000 and the median sale price was $240,000. On average the seller accepted 96.7% of asking price. One of these properties was a small acreage in Spallumcheen overlooking Okanagan Lake.

Manufactured Homes:

The manufactured homes that sold were listed for a range of 34 to 316 days. The 4 manufactured homes sold averaged a list period of 141 days. The median list price of manufactured homes sold was $146,900. Manufactured homes sold last week for a median sale price of $128,500. Sellers accepted an average of 89.2% of asking price with individual results ranging from a minimum 81% to a high of 103.3% indicating a multiple offer situation.

Single Family Residential Homes:

Single family is the largest category of property type. It includes duplex and triplex as well as residences on acreages. Fourteen homes listed for sale in the North Okanagan sold in the last week. These homes reflected list periods of from 13 to 374 days with the average number of days for a home on the market in the North Okanagan equalling 118. The median or middle of the range of list prices for the homes for sale that sold last week was $354.250 and the corresponding median sale price was $340,000. Sale prices on single family homes ranged from $172,500 to $665,000 on list prices ranging from $182,999 to $669,900. On average sellers accepted 97.3% of the list price. Single family homes sellers obtained a range of from 92.8% of asking to a maximum of 101.8%. Two properties sold for 100% or more of asking price.

Strata Properties:

The results for strata properties include apartments, townhomes,(attached, semi detached and detached) and condos. The past week saw 8 properties of this kind move to sold status in the North Okanagan. On average these properties showed an active list period of 109 days with durations ranging from 13 - 356 days. The median list price was $225,950 and median sold price equalled $217,000. Sold prices ranged from $118,000 to $410,000 with sellers realizing an average of 95.4% of list price in a range of from 87.5% to 100%.

	North Okanagan Properties Sold
	Sept 14 - 20, 2009
	Status = Sold
	DOM	Type	Price	Sold Price	Address	City
	Residential Type = Lots and Acreages
	124	Lots and Acreages	$199,000.00	$195,000.00	7104 Jasper	Vernon
	159	Lots and Acreages	$299,000.00	$285,000.00	427 Lot 7 Golfview	Spallumcheen
Average	141.5	Median Price	$249,000.00	$240,000.00
	Residential Type = Manufactured Home
	316	Manufactured Home	$32,500.00	$28,000.00	15401 171 Kalamalka Lake	Coldstream
	34	Manufactured Home	$109,900.00	$95,000.00	4137 38 Spallumcheen	Armstrong
	151	Manufactured Home	$199,900.00	$162,000.00	6688 74 Tronson	Vernon
	63	Manufactured Home	$183,900.00	$189,900.00	549 Mountview	Vernon
Average	141	Median Price	$146,900.00	$128,500.00
	Residential Type = Single Family Residential
	63	Single Family Residential	$182,999.00	$172,500.00	733 Franklyn	Lumby
	34	Single Family Residential	$249,900.00	$232,000.00	4410 20th	Vernon
	59	Single Family Residential	$249,000.00	$247,500.00	1702 31	Vernon
	140	Single Family Residential	$299,000.00	$295,000.00	4503 Pleasant Valley	Vernon
	115	Single Family Residential	$299,500.00	$305,000.00	5666 Lynes	Falkland
	66	Single Family Residential	$324,800.00	$318,000.00	2202 32	Vernon
	97	Single Family Residential	$339,000.00	$325,000.00	8049 Baker Hogg	Vernon
	203	Single Family Residential	$369,500.00	$355,000.00	4107 12	Vernon
	70	Single Family Residential	$385,000.00	$380,000.00	665 Black Rock	Vernon
	89	Single Family Residential	$429,900.00	$406,500.00	2000 29	Vernon
	374	Single Family Residential	$455,900.00	$431,000.00	2909 Richfield	Vernon
	13	Single Family Residential	$437,000.00	$432,000.00	2501 25th	Vernon
	48	Single Family Residential	$499,000.00	$499,000.00	9308 Pine	Coldstream
	281	Single Family Residential	$669,900.00	$665,000.00	8747 Cortland	Coldstream
Average	118	Median Price	$354,250.00	$340,000.00
	Residential Type = Strata
	356	Strata	$134,900.00	$118,000.00	155 252 Silver Lode	Silver Star
	171	Strata	$189,000.00	$180,000.00	5300 28 25th	Vernon
	22	Strata	$189,900.00	$183,000.00	4000 101 27	Vernon
	98	Strata	$209,900.00	$199,000.00	110 306 Kalamalka Lake	Vernon
	13	Strata	$242,000.00	$235,000.00	3900 8 27	Vernon
	62	Strata	$299,900.00	$299,900.00	4900 904 Heritage	Vernon
	73	Strata	$359,900.00	$346,500.00	1001 26 30	Vernon
	80	Strata	$429,000.00	$410,000.00	3506 110 38	Vernon
Average	109.4	Median Price	$225,950.00	$217,000.00

Brell
The Okanagan Real Estate Hub - Century 21 Vernon, BC

Balance is evident in BC's Housing Market

The Okanagan Real Estate Hub — Fri, 14 Aug 2009 15:06:00 GMT

This chart shows the BC real estate market conditions from 2000 forward. and identifies where the "Balanced" range is according to BREA (British Columbia Rea Estate Association) Economists.

This chart is part of a 3 page media release that came to my attention on Twitter - as I follow CREA ( Candian Real Estate Association).

It is important to remember that real estate is a LOCAL commodity. Each sector of BC real estate is normalizing at it's own pace driven by localized factors.

The entire release is available for hassle free download on our website by clicking here

Warmest regards.

See you online, Brell ~ Brenda Ellis REALTORwith Okanagan Heat @ Century 21 Executives Realty Ltd

Announcing Neighbourhood and Price Point searches on Century21.ca

The Okanagan Real Estate Hub — Wed, 20 May 2009 01:16:00 GMT

We are very pleased to announce that we have added Neighbourhood Searches and also Price Point Vernon Searches to our website - All Century 21 properties within these catagories are just a click away. Bookmark the pages of your favorite neighbourhoods and refresh them to see new properties for sale each time you visit. We are actively working to add this functionality to each of our Neighbourhood Pages on OkanaganHeat.com as well

If you have a specific search - we can help you set up a personal search result page that you can check whenever you like! Contact us to find out how!

Here are links to these new search results - All should open in new windows for easy navigation.

Adventure Bay

Alexis Park

Armstrong Spallumcheen

Salmon Valley and Falkland

Click on the links below to search all Century 21 properties by price in Vernon BC

$700,000 - $1,000,000

$1,000,000 - $2,000,000

$2,000,000 and up

Warmest regards

Brell ~ Brenda Ellis REALTOR with Okanagan Heat @ Century 21 Executives Realty Ltd

April 19th Vernon Sunday Drive - Open House Map

The Okanagan Real Estate Hub — Sun, 19 Apr 2009 01:11:00 GMT

Wow! Open Houses are popping up like spring flowers in the North Okanagan! I think this may be the busiest Sunday to date - and we've collected details on all the open houses happening tomorrow and put them on one handy map for you to easily compare what is where - because ... you'll want to be in the know before you go!

Click here to check out the Map and our other buyer resources

Warmest regards,

Brell

Brenda Ellis~REALTOR with OkanaganHeat at Century 21 Executives Realty Ltd.

Easter Sunday Drive - Open House Map for Vernon BC

The Okanagan Real Estate Hub — Sun, 12 Apr 2009 00:09:00 GMT

We just posted our map for tomorrow's Vernon Sunday Drive - with information on multiple listings holding open houses tomorrow - April 12, 2009 Each week we endeavour to bring you the most comprehensive overview of local real estate open houses - from all brokerages in one handy map so you can be in the know before you go.

Check out http://www.vernonsundaydrive.ca for details. And.. Have a Happy Easter.

Warmest regards,

Brell

Brenda Ellis~REALTOR with OkanaganHeat at Century 21 Executives Realty Ltd.

Get the Deets on March 8 Open Houses Now

The Okanagan Real Estate Hub — Sun, 08 Mar 2009 00:30:00 GMT

Just wanted you to know that we just posted information about 60 Open Houses scheduled in the Vernon Real Estate trading area for tomorrow. Here is a look at the breakdown according to price sector.

Visit our Map to check out these properties and be in the Know before you go

Oh.. and remember to Spring Ahead an hour!

Warmest regards,

Brell ~ Brenda Ellis, REALTOR with OkanaganHeat @ Century 21 Executives Realty Ltd.

Interviewing A Buyers Agent

The Okanagan Real Estate Hub — Wed, 21 Jan 2009 17:58:00 GMT

Ever wonder How to Interview a REALTOR®..

be in the KNOW ... Don't Pay too Much For Pillows is a cool little tool provided by RBC Mortgage Specialist Pamela Owen and it helps you to determine what you want in a GREAT Buyers Agent.

If you are looking to Buy an Home in the Okanagan - or anywhere - you will find Pam's information helpful in selecting a professional to work for YOU in the process.

We hope you like this as much as we do.. and look forward to answering any questions you may have about Real Estate Services, or your specific real estate needs in Vernon or the North Okanagan in particular.