Okanagan Market Update: South and Central Okanagan Home Sales - Sept 2024
Hi, I’m Jeffrey Sefton, here with your Okanagan market update. Today is October 7th, 2024, and we’re reflecting on the sales trends in the Okanagan for September 2024 compared to the same time last year. We’ll focus on the Central and South Okanagan, providing a general overview. In terms of units sold, we saw a modest increase of 0.4% compared to last year, which is quite minimal and indicates a flat market. In the South Okanagan, there was no change at all. Looking at dollar volume, the Central Okanagan experienced a decline of 3.4% from the same time last year, while the South Okanagan saw a more significant drop of 12%. Regarding active listings, we’re seeing an increase of 33.8% in the Central Okanagan and 32.3% in the South Okanagan. There are plenty of properties on the market right now, and buyers are being cautious, taking their time before making decisions. I’d like to highlight the potential of micro-markets, which can exist within larger geographical areas. For instance, the South and Central Okanagan are broad regions, but they contain various micro-markets that can differ significantly in the real estate landscape. These micro-markets can be based on geographical locations, housing types, or price points. For example, activity may move more quickly in lower price points, and there can be differences between city areas and rural locations, with one experiencing higher sales volumes than the other. Additionally, certain housing types—like condos versus houses—may perform differently, and various neighborhoods within a city may also show diverse performance levels. The demographics of a neighborhood can play a crucial role; a specific area might do better because it attracts a certain type of buyer looking for a particular housing style. I mention this because I frequently get questions from buyers and sellers about why their neighbor’s house is selling while theirs isn’t, even when they’re just a mile apart. The answer often lies in these different micro-markets. Other factors can also come into play, such as pricing—it may not be set correctly—or the property might not be show-ready. Thank you for watching, and I’ll see you next month! Cheers! Jeffrey Sefton Okanagan Home Team Real Broker 250-244-1762 okanaganrealestatesearch.com
Charming Renovated Home in Penticton: Ideal for Downsizing or Investment
If you're searching for a cozy, renovated home in a convenient location, look no further than 2330 McKenzie Street, Penticton, BC V2A6H7. Priced at $569,000, this delightful property offers a perfect blend of comfort, style, and practicality. Whether you're a senior looking to downsize or someone seeking to transition from condo living to a house with a yard, this home has something special to offer. ### Prime Location One of the standout features of this property is its prime location. Situated just a two-minute walk from Cherry Lane Mall, you'll have easy access to a variety of amenities including shopping centers, restaurants, and healthcare facilities. The convenience doesn't stop there; public transportation options are also readily available, making it easier than ever to get around town. ### Cozy and Renovated Interior Step inside this charming home and you'll immediately notice the thoughtful renovations that make it move-in ready. All living spaces are conveniently located on one floor—ideal for those who prefer single-level living. The home includes a comfortable living room, an upgraded kitchen, two bedrooms, and one full bathroom. The living room is particularly inviting with its gorgeous brick fireplace—a perfect spot to gather around during those chilly winter evenings. Large windows allow natural light to flood the room while offering scenic mountain views that add a touch of tranquility to your daily life. ### Upgraded Kitchen The kitchen is both functional and stylish. Featuring butcher block counters and a white tile backsplash, it exudes modern charm while maintaining its cozy appeal. Stainless steel appliances complete the look and ensure you have all the tools you need for meal preparation. French doors open up from the kitchen to the expansive backyard, seamlessly blending indoor and outdoor living spaces. ### Spacious Outdoor Area Set on a large .19-acre lot, this property offers ample outdoor space for gardening, relaxation, or entertaining guests. The backyard is currently fenced off at the back but also offers lane access—adding an extra layer of convenience and potential for future development. Imagine summer barbecues or quiet afternoons spent tending to your garden; the possibilities are endless. ### Practical Features In addition to its aesthetic appeal and convenient layout, this home comes with practical features that enhance its value. A single garage provides secure parking or additional storage space if needed. Driveway parking is also available for multiple vehicles. ### Investment Potential For those looking at long-term investment opportunities, this property holds significant promise. The current zoning allows for various options that could be attractive depending on your future plans. Whether you're considering rental income or potential development projects down the line, 2330 McKenzie Street offers flexibility and potential for growth. ### Final Thoughts 2330 McKenzie Street in Penticton is more than just a house; it's a home waiting for you to create lasting memories. With its convenient location near Cherry Lane Mall, renovated interior featuring modern upgrades like butcher block counters and stainless steel appliances, spacious .19-acre lot with lane access potential, and practical amenities like garage parking—this property checks all the boxes. Priced at $569,000, it offers excellent value whether you're looking to downsize or invest in your future. Don't miss out on this opportunity to own a piece of Penticton's charm! Contact us today to schedule a viewing and see for yourself why this cozy renovated home could be your next dream residence.
Discover Casitas Del Sol: A Gated 55+ Community in Osoyoos, BC
Discover Casitas Del Sol: A Gated 55+ Community in Osoyoos, BC Set on the hillside just outside of Osoyoos, BC, Casitas Del Sol offers a unique blend of comfort, and community living. Located at 9400 115th Street, this well-established 55+ gated community is perfect for those looking to enjoy their golden years in a peaceful, friendly environment. Let’s explore what makes Casitas Del Sol one of Osoyoos' most desirable locations. Overview of Casitas Del Sol Casitas Del Sol is an ideal retirement destination offering a grouping of rancher style homes each with their own outdoor space. The development is well-known for its sense of community and a welcoming environment. The location is also ideal, situated close to the vibrant town center of Osoyoos and surrounded by the stunning natural beauty of the South Okanagan. Why Choose Casitas Del Sol? 1. Location, Location, LocationOsoyoos is a gem of the Okanagan, famous for having Canada’s warmest climate and boasting the country’s only desert. Casitas Del Sol is just a short drive from Osoyoos Lake, providing opportunities for boating, fishing, and other recreational activities. For nature lovers, the surrounding mountains and area offers scenic hiking trails, wineries, and beautiful park space. 2. Reasonably Priced in Comparison to Larger City Centres and Comfortable LivingCasitas Del Sol offers an affordable housing option without compromising comfort. Residents enjoy well-maintained, ranch style homes, each with their own private lot. Many homes feature beautiful gardens, outdoor seating areas, and parking space. It’s an attractive option for retirees who are looking for a low-maintenance lifestyle in a scenic setting. 3. Gated and SecureCasitas Del Sol is a gated community that prioritizes security, ensuring that residents can enjoy peace of mind. The sense of security combined with the supportive neighborhood atmosphere makes it an appealing choice for retirees. 4. Community-Oriented LifestyleOne of the standout features of Casitas Del Sol is its community spirit. The clubhouse is a hub of activity, offering everything from potlucks, crafts and card games.Amenities and Features Casitas Del Sol doesn’t just offer homes; it provides a lifestyle. Some of the community features include: A clubhouse with a kitchen and meeting spaceWell-maintained common areas and landscapingA walking path nearby for peaceful strolls and fresh air.Additionally, the town of Osoyoos is rich in amenities, including shops, restaurants, and recreational facilities. Casitas Del Sol offers a peaceful retreat while still being close to everything you need.Some homes back onto the Osoyoos Golf and some homes have stunning views. The Ideal Retirement DestinationIf you’re looking for a retirement destination that offers the best of the Okanagan, Casitas Del Sol at 9400 115th Street is an excellent option. Between the scenic beauty of Osoyoos, the affordability of living, and the warm, welcoming community, it’s no wonder that this gated community is in high demand. Whether you're looking to downsize or just want to simplify your life while still enjoying modern conveniences, Casitas Del Sol provides a perfect balance of serene living and active engagement. ------------------ As of November 2024: There are currently a couple of homes available at Casitas Del Sol, located at 9400 115th Street in Osoyoos, BC. Two notable listings are: Unit #32: Priced at $470,000, this 2-bedroom, 2-bathroom ranch-style home features a modern layout with new flooring, an updated ensuite, and fresh paint. The home has a cozy open-concept living space, a carport, and a small yard ready for your landscaping ideas. Casitas Del Sol offers amenities such as a clubhouse and allows for small pet Unit #48: Listed at $568,000, this bungalow also offers 2 bedrooms and 2 bathrooms. This unit has a lovely patio space to relax. The community is designed for adults 55+, with features that include mountain views. a gated entrance for added security and it's a short drive to shopping. Both homes are in a beautiful location, near Osoyoos Lake, golf courses, wineries, and shopping, making them ideal for a relaxed retirement lifestyle.
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