Tuesday, September 2nd9.3°C
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No Stone Left Unturned

Saavy Buyers Want The Waterfront!

 

We’ve all noticed more sold signs in Kelowna, but have you noticed how many of those are on the water?  Lakeshore sales are up year to date by 20% and August of 2012 saw an increase in the number of waterfront sales from August of 2011 by 450%!!

We are seeing an increase in the number of people buying homes from outside the Central Okanagan Board and those people often (but not always) spend more than the average house price.

19.4% of the buyers who bought real estate in July were from Alberta (this is up 13% from June) and 13.4% were from the Lower Mainland/Vancouver Island.

There are currently 143 single family lakeshore homes for sale in Kelowna ranging from $739,000 (Peachland, 90 feet of frontage older home) to $20,000,000 (Kelowna side, 120+ acres subdivision potential).  Prices for lakeshore have come down considerably from the peak in 2008 and there are some lovely properties now available for well under $1.5 Million.

Prices for lakeshore will depend on a number of factors such as the frontage, how far out the property is situated, how sloped the property is and what the water is like (shallow, deep, sandy beach etc...).



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About the Author

Tamara & Shannon grew up in a real estate family and learned problem solving and negotiating skills around the dinner table.  They are lifelong residents of Kelowna and are passionate about the lifestyle that Kelowna offer.

Whether buying or selling a home, the Stone Sisters understand how large a decision it is, and their goal is to help every client feel comfortable throughout the entire process. 

Tamara has been licensed since 1995 and has a broad range of experience in different markets.  After obtaining her marketing degree, Shannon joined her sister in 2005 and together this sister duo loves to market Kelowna to the world.

The Stone Sisters can be contacted at [email protected]

Visit their website http://www.stoneteam.com/




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The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet presents its columns "as is" and does not warrant the contents.


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