West Kelowna Real Estate News!
Welcome to the Shield Real Estate Blog. This is the place to visit when you want the latest West Kelowna real estate news. I share monthly tips on a variety of local real estate topics. Everything from what the market statistics mean to how to amp up your curb appeal! Anything I can share to help you prepare your home and yourself for a potential sale is here. Along with what buyers can expect when they want to purchase a West Kelowna home for sale.
Additionally, I love to keep my customers up to date with information about recent listings and solds on my Facebook page. Staying social is a great way to keep my finger on the pulse of the market. It’s also a great way to keep my customers informed! You never know when it will be time to buy or sell a home, but at least you know who your real estate agent in West Kelowna should be!
Follow along, read and share with me!
Homes in West Kelowna – Market Update
Real Estate Articles, West Kelowna Real Estate NewsFor those that remember, 2022’s real estate market saw some of the most unprecedented sale prices. The cost of housing in the early part of last year left many buyers in the lurch. However, things are looking up in terms of listing prices in 2023. In the Okanagan, housing prices have been steadily on the decline since January 1, 2023. Despite this, other factors like interest rates are continuing to rise. In this article, I will be going over a brief market update and providing some insight into buying and selling homes in West Kelowna in the next few months.
Follow along below to learn more.
Should I Buy or Sell Homes in West Kelowna?
In January, homes in the Okanagan saw a reduction in price compared to the same time last year. According to the Association of Interior REALTORS®, the price of a single-family home dropped 7.9 percent across Central Okanagan. Moreover, the interior has also seen a significant price drop. The cost of a home has plummeted 48.6 percent since January 2022 in this region.
Despite home prices on the decline, interest rates are still on the rise. With the Bank of Canada’s prime rate sitting at 4.50%, citizens all over Canada are being squeezed out of the market. This is especially true for those with variable-rate mortgages. Moreover, high-interest rates are making it nearly impossible for first-time home buyers to meet the requirements to qualify for a mortgage.
Buyers and sellers should also be wary of the new three-day recession period that took effect on January 3, 2023. This period allows buyers three days to back out of a deal if they cannot find funding, someone to inspect the home, or if they get cold feet.
For more information about buying homes in West Kelowna, contact me today! I’d be happy to help you find the right home in this desirable city. Be sure to check out my blog next month for more real estate tips and information. I look forward to working with you all in the near future!
West Kelowna Property – 2022 Blog Rewind!
Real Estate Articles, West Kelowna Real Estate NewsAs December draws to a close, it is time for the annual year-end blog rewind. This way, everyone can catch up on any missed articles from the year. In order to do so, I will be writing a short summary of every month’s posts in 2022. I encourage you to check out the full post if you have not yet read the article by clicking the link in the title.
Follow along to see what was on my blog in 2022!
Winter and Spring Recap.
Jan – Market Update on West Kelowna Houses.
When 2022 finally arrived, the real estate market was a hot topic of discussion for many citizens in Canada. West Kelowna houses were selling for a pretty penny at the start of 2022. Check out this article for a look back on the market outlook in January.
Feb – West Kelowna Condos – Eagle Terrace
In February, we featured another condo development in West Kelowna. The building that we highlighted during this month was called Eagle Terrace. Learn more about this building here.
Mar – The Highlands Gated Community in West Kelowna!
Living in a gated community provides tons of perks to busy homeowners. By choosing to occupy a home in a place like The Highlands, you can avoid doing many household chores. Learn more about what a home in The Highlands can offer you now!
Apr – Leisure Village West Kelowna Gated Community
Living in an age-restricted gated community provides a calm and relaxing environment. Leisure Village is a West Kelowna gated community that offers a quiet place for people to live. Discover the amazing benefits of living in Leisure Village, here.
May – Thacker Ridge Estates Gated Community in West Kelowna
Owning a home inside of a secure gated community in West Kelowna is comfortable and safe. Enjoy the luxurious views of the Okanagan from your unique property in Thacker Ridge Estates. Learn more about the various perks of this gated community in West Kelowna, here!
Summer and Fall West Kelowna Property Recap.
June – The Trails Development in West Kelowna
Many buyers are getting ready to purchase homes in one of West Kelowna’s newest developments—The Trails. Learn more about this development, here.
July – West Kelowna Development: Shelter Bay
Shelter Bay is a new West Kelowna development that you will enjoy! Learn more about this West Kelowna development in the article we wrote in July!
Aug – Why Live in Gated Communities in West Kelowna?
There are several reasons why people choose to live in a gated community. For those looking to find a quiet place to live that still offers a host of amenities, gated communities might be right for you. Check this article out for more information!
Sept – Moving to New Developments in West Kelowna!
More and more people are buying presale homes across Canada. However, buying homes in new developments in West Kelowna can come with some risks. Learn more about these risks and how to avoid them when moving to new developments in West Kelowna.
Oct – New Home in West Kelowna: Choosing a Location
When you buy a new home, it is important to consider the location. The value of your real estate is highly dependent on where it is located. Read this article for more information about choosing a location for your new home.
Nov – Winter Maintenance Checklist for your Property in West Kelowna.
Winter is here. And in the Okanagan, that means snow and cooler temperatures. In order to avoid the mess of winter, I’ve put together a winter maintenance checklist. In this article, I went over my top tips for keeping your home in good shape over the winter.
Contact Me Today!
For more information about buying a West Kelowna property contact me today! I’d be happy to help you find the right home in this desirable city. Thanks to everyone for another awesome year! Be sure to check out my blog next month for more real estate tips and information. I look forward to working with you all in the new year. Happy holidays everybody!
Winter Maintenance Checklist for your Property in West Kelowna
Real Estate Articles, West Kelowna Real Estate NewsWinter is here. And in the Okanagan, that means snow and cooler temperatures. While snow can be pretty to look at, it can cause mayhem in your home. In order to avoid the mess of winter, I’ve put together a winter maintenance checklist. This way, you can enjoy the winter wonderland without worrying about damage to your home. In this article, I will be going over my top tips for keeping your home in good shape over the winter. Follow along below to learn more!
Keep Your Property in West Kelowna Safe Over the Winter.
The first thing you should do during the winter is put some mats or rugs down in the entryway of your home. This will help protect your flooring during the winter months. Water, salt, and ice melt can be very damaging to your flooring. In order to avoid having to replace it, put down a mat during the winter season. You can also get a waterproof shoe tray to store wet and dirty shoes.
Furthermore, checking your emergency supplies during the winter is a good idea. Winter can come with all sorts of storms and power outages. So, it is important to be prepared for any situation. A small stock of medical supplies, water, flashlights, and non-perishable goods is sufficient. You may also consider adding things like batteries and portable smartphone chargers.
Another thing to consider is your smoke alarms and carbon monoxide detectors. During the winter, people tend to keep their homes closed. This means that there is a higher chance of chemicals and smoke being trapped in your home. Check detectors monthly and make sure that you replace the batteries as needed.
If you have any questions about keeping your property in West Kelowna safe during winter, contact me today! I’d be happy to help you find the perfect home here in West Kelowna. Feel free to reach out with any questions or concerns that you may have about a property in the area. I look forward to working with you soon!