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|Posted by PeachKeeper on March 20, 2014 at 9:25 PM||comments (0)|
|Posted by PeachKeeper on December 21, 2013 at 5:45 PM||comments (0)|
Christmas is only a few days away, and before we know it will be 2014. It’s the time of the year when real estate is winding down for the holidays and I have time reflect over the last year and think about all the good that was done finding many families new homes here in the Okanagan over the past year. Many of these families are going to enjoy their first Okanagan Christmas which is nice. I have to personally thank all of my clients for their trust in me this year making it another very successful year, and making our Coldwell Banker office number #1 (for real estate transactions) in Peachland again for another year in 2013.
Once Christmas is over, I get busy and start working on my annual Peachland real estate report which looks quite interesting which will be out the first week of January. The sales are up and the prices are slightly lower, but the report should have some really interesting real estate facts to review. I also have a report for the Central Okanagan which sales were up, quite substantially.
Once we done reflecting over the past year of 2013, and it’s time to look into the crystal ball of real estate for 2014, and see what we think may happen in 2014. The most exciting event to kick off in late January will be new owners will take possession of their new townhomes up at Ponderosa Golf and others to follow February right through to next September. A new community will be born here in Peachland very soon. The next year looks very good, we should continue to have brisk sales, prices slightly below 2013 standards but, and as long as interest rates hold, we be in excellent shape to have another great year.
|Posted by PeachKeeper on April 17, 2013 at 4:15 AM||comments (0)|
|Posted by PeachKeeper on January 12, 2013 at 5:20 PM||comments (0)|
It was interesting to look back on 2012 and to see how real estate prices fared over the course of the year. Many people believe they was a major downturn in the market. Peachland in general did ok. Prices were down 2.8% for homes between 0-550k, and 10.4% for homes in the 500k-1 million range. Good sales on mobiles, condo's and townhomes. Looking at prices, one has to take them with understanding that homes in Peachland are subject to many variables. This can include highway noise, lakeview angles, lakeshore nearby etc. However it the same for each and every year, so it is official, we did slightly drop in home prices for the 0-500k price range. The concern by home owners that the homes in the 500k-1 million range were really down in accepted sale figures. However many were priced too high to begin with? Homes in this price range are generally tougher to sell (less buyers in the purchasing pool) so buyers are more aggressive in offers resulting in the 10% drop. Not welcome news if your in the process of selling.
The 2013 Peachland Real Estate Outlook is filled with many interesting dates in the future, we return back to PST system on April 01, 2012, Ponderosa Golf Course slated to open summer 2013, and many other projects may get the green light to proceed. The PST could have a profound effect on the economy, as it may spurn lot sales and construction. Ponderosa golf is rounding the corner and proceeding to open in 2013. In Phase I (69 townhome development) 34 are sold already and construction will be starting soon. It could be a very busy spring/summer in Peachland. I believe we are going to have a steady year of real estate sales in Peachland in 2013.
Thanks have to go out to all our clients who helped put Coldwell Banker in the #1 position in Peachland this past year in total real estate transations, and well above in home sales. The top three agents were all from Coldwell Banker 1, 2, 3, and thanks to my clients who helped me become # 2 in the market. Looking forward to helping out many more families find homes in Peachland in 2013.
|Posted by PeachKeeper on December 14, 2012 at 4:50 PM||comments (0)|
The Holiday season is officially here, and I like to wish all my clients and guests of the website a very Merry Christmas and a Happy New Year. Looking back, PeachlandLivin.Com had a very successfully year selling homes and condo's to new Okanagan residents and I thank you for all your support throughout the year. I looking forward toi 2013, and hoping to make some new dreams come through for clients looking for the Okanagan lifestyle.
I will be coming out with the 2012 Real Estate Report in early January, should be interesting on how the year shaped up for sales, and home values in Peachland.
|Posted by PeachKeeper on October 9, 2012 at 4:40 PM||comments (0)|
Peachland had a interesting September, a near miss fire that almost destroyed the Desert Pines and Trepanier Bench area's. A bit of luck with calm winds, cooler temperatures,a little rain, and the hard work from all area's fire protection crew keep the damage to a 4 homes. After review, it could of been 1000's times worse. We are all grateful, this is such a nice little town, and it be a shame if we changed it.
In the real estate market in the Central Okanagan & Peachland, sales were down 15% in September from last September, but overall the year shaping up to be a really good year. Prices are holding steady on homes, but major discounts on condo's are still available. October is rebounding, and the rest of the fall looks stable.
Ponderosa Golf has started selling Phase I, and in a very short time, 40% of the Phase I has been sold. I personally toured the showhomes, and they are very nicely done. Anyone in the market for townhome, both on the golf view or lakeview should take a look, good value and style.
As we enter the fall season, (excellent weather so far) and sprint towards the winter months, I can't help to wonder it's the calm before the storm. Next Year promises to be very interesting in Peachland, and I beleive we are at our lowest prices on condo's and townhomes and it's a good time to buy in Peachland. The spring will be a anticipation of excitement with the new gold course opening in summer, possibly the expanded marina will start, and I see prices just a bit higher than normal in the spring. Regardless we have alot to look forward to in Peachland.
|Posted by PeachKeeper on July 30, 2012 at 7:55 PM||comments (0)|
The weather shining warm and sunny, and the real estate in Peachland is heating up after a slow start in the spring. Properties are starting to sell, not quite the same volume as last year to date, but last year was an exceptional year. Sales are up in the Central Okanagan close to 15% with Peachland down just a bit. As this time last year , the combined sales were 86, this year we rounding out at 75. Some property types are up, homes and condo's are down just a bit. I won't look too much into it, as last year homes sold at a torrid pace. Prices are remaining steady, but there are still a few deals that surprise.
6 Lots have sold so far this year as compared to 2 last year till August 01
7 mobiles have sold as compared to 3 last year
2 recreational properties as compared to 0 last year
43 homes sol as compared to 60 last year till August 01
17 Strata/townhomes as compared to 21 last year
I expect homes & condo sales will catch up, and beleive August to December will be busy to round out the year. Also home prices should remain steady. Enjoy the summer here in Peachland.
|Posted by PeachKeeper on January 3, 2012 at 3:00 AM||comments (0)|
Happy New Year! It's here a brand new year and the first week of January is a good time to reflect on the past that effected Peachland and people personally in 2011. My blog is to report Real Estate trends in and around the Okanagan with special mention of Peachland. A total surprize, sales were up over 32% over 2010. A total of 134 real estate transactions took place in Peachland as compared to 102 a year ago in 2010. Single Family Homes came in at 87 sales as compared to 67 in 2010.
The stats for the central Okanagan are single family homes +1%, Apartments +4% Townhomes +3% and Lots a -6%.
The question is , why is Peachland thriving as compared to the rest of the Okanagan? Single Family Homes were strong, Condo's and Townhomes exceeded expectations, and the only two types, mobile homes and development lots were less than stellar. Actually deveopment lots were dreadful. (HST is not helping)
My opinion is that everyone is starting to realize what a gem Peachland is, a great pleace to live, away from major traffic and noise and small town charm. The new golf course is likely having a effect on sales as well, as people are starting to get excited. A record number of sales at Eagleview (14) is quite remarkable as well as Lakeside Gardens has also done well. In the early spring we had close to 111 single family homes for sales, as of today we have around 65 listing. Many new couple's and families have moved to Peachland in recently to make it it their home.
With the upswing of sales and low inventory, there is no better time to sell your home, if your planning to do that in the future. I see prices slightly climbing as we enter the spring/summer months.
I enjoyed an banner year in 2011, and I like to thank all my clients, and my new friends I made over the year and I look forward to meeting some new clients/friends this year in 2012 and making it a great year! All the best in 2012, and thanks for supporting peachlandliving.com and letting me assist your family in finding a home in Peachland.
|Posted by PeachKeeper on July 9, 2011 at 7:40 PM||comments (0)|
Peachland has come alive, and we're in the first week of July, and many past events have kicked off the summer like the World of Wheels, and Canada Day Celebration. . Many visitors are coming into Peachland and are taking in our lifestyle of sun, water and mountains. The restaurants are doing brisk business, more homes are selling, even the fishing is good in front of Peachland on Okanagan Lake. The new zip-zone is open, and quite a few brave swimmers are starting to use Swim Bay. As the temperature rises, it's starting to feel once again like a usual Peachland summer. Life is Good!
|Posted by PeachKeeper on April 23, 2011 at 6:35 PM||comments (0)|
This article in the Financial Post is what has inspired me to write this email today.
Let me share a quick story to illustrate a point . . .
One of my clients referred a friend to me last week who needed to refinance her current mortgage. After a lengthy discussion she said
"I think I will wait, I am too busy right now."
Rates rose .25% at most lenders last Monday, just as I suggested to her that they would. On her $400,000 mortgage her inaction has already cost her an additional $56.76 per month or $3,405 over the next five years.
Most economists are saying that the Bank of Canada rate will rise by 1% by this time next year, and fixed rates will likely go up another .50% to .75%. With this particular client scenario her $400,000 mortgage will cost an additional $172.65 per month or $10,359 in additional monthly payments if she waits until later.
I wanted to share with you that I have invested in a tool that very quickly analyzes the effects of waiting to refinance your mortgage, or simply waiting to consider locking in your mortgage. It is quick, it is laser accurate, and highly effective.
I know that many of you may not have a NEED to refinance. I also know that many of you may not WANT to refinance but I think this information is still important. Maybe you know someone who does NEED or WANT to refinance, and what a gift you could give them. If you have not had your mortgage situation checked lately I am concerned and I want to help.
Please allow me the opportunity to run a no obligation assessment of your situation through my analysis tool by contacting me today.
Bond spreads continue to rise and I am certain the window on low interest rates is closing. I am ready to help.
Mortgage Alliance Homeline Mortgage
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