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Kelowna Real Estate Weekly Market Watch - Feb 24/12

Posted in June's Kelowna Real Estate Blog on February 25, 2012

Kelowna real estate

Here is a seven day picture of the Kelowna and West Kelowna residential real estate market:

KELOWNA Feb 18-24
NEW LISTINGS 112
# SALES 40
RATIO 36%
# PRICE CHANGES 54
# EXPIRED 7
NET LOSS / GAIN IN LISTINGS THIS WEEK 65
ACTIVE Lots & Acreages 356
ACTIVE Manufactured Homes 38
ACTIVE Recreation 6
ACTIVE Single Family Residential -houses 967
ACTIVE Strata -apartments & townhomes

879

WEST KELOWNA Feb 18-24
NEW LISTINGS 45
# SALES 8
RATIO 18%
# PRICE CHANGES 18
# EXPIRED 9
NET LOSS / GAIN IN LISTINGS THIS WEEK 28
ACTIVE Lots & Acreages 158
ACTIVE Manufactured Homes 116
ACTIVE Recreation 4
ACTIVE Single Family Residential -houses 464
ACTIVE Strata -apartments & townhomes 220

 

And a potpourri of Canadian real estate news chatter  that caught my 'eye' over the past week:

BC tax moves cut cost of new-built homes - Globe and Mail

Housing bubble or prudent investment? - Ottawa Citizen

IF housing tanks - National Post

What first-time new-home buyers bonus means to you - Vancouver Sun

Top 25 grants and rebates for property buyers and owners - Vancouver Sun

Central bank tagets home-equity credit lines - Globe and Mail

First-time buyer bonus will make 'bigger difference' in BC suburbs - Vancouver Sun

Bank of Canada Says Home-Price Drop May Cause Spending Shock - Bloomberg

Toronto home buyers may be baffled, but builders are bullish - Globe and Mail

Research and risk are key to buy a foreclosed home - Vancouver Sun

Canada may cool housing market; prices won't crash - Reuters

Canada housing prices won't crash: poll - Financial Post

Transitional tax provisions a better deal for home builders and buyers - Vancouver Sun

'Tougher' for homebuyers - The Province

Tax breaks for new homebuyers, HST rebate may rekindle industry, insider says - The Province

Can feng shui and trees cut down your property tax bill? - Richmond Review

Housing tax credits aid first-time buyers and seniors - Globe and Mail

Canadian mortgage fraud rising - Times Colonist

HAPPY READING AND HAVE A SAFE AND AWESOME WEEKEND!



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