Unless you're a real estate expert, you probably look at the market and think things are pretty confusing. Even a bit crazy! You hear news about “bubbles bursting”, “higher or lower home sales in a particular month”, “new home starts” that are up or down, and on and on it goes.


It’s a lot of news and a lot of jargon.


If you're thinking of selling your home within the next year or two, you will want to understand what's happening in the market so you can make the right decisions and get a clear sense of what to expect. So, how do you make sense of it all?


That's where a good REALTOR® can help.


Even if you don't have any definite plans to move in the near future, a REALTOR® who is an expert in the local marketplace can help you understand what homes in a particular neighbourhood are selling for, and what you can expect to get should you decide to list your property.


Getting to know a REALTOR® also means you’ll have a trusted expert to talk to from time to time, when you have real estate-related questions.


You’ll have someone you can think of as "Your REALTOR®".


Plus, when the time comes to sell your property, you won't have to deal with a stranger. Instead, you'll be able to work with a REALTOR® that you know well -- and who knows YOU. Overall, that will make the buying and selling process go more smoothly and more successfully.


Looking for a good REALTOR® who wants to get to know you? Call The Dion-Ivans Real Estate Group today!


Great news for first time home buyers!

Effective February 19, 2014, the Property Transfer Tax exemption threshold under the First Time Home Buyers’ Program is increased to $475,000 from $425,000, with the partial exemption/phase out applying between $475,000 and $500,000. Call more information The Dion-Ivans Real Estate Group today!!


Every month the Okanagan Mainline Real Estate Board (OMREB) does a survey to get a better understanding of buyers. Below is a summary of the survey that shows what types of properties are being bought, the family dynamic of buyers and where the buyers are coming from. If you have any questions about this survey or any other Kelowna real estate stats, call The Dion-Ivans Real Estate Group!

Property Type:

26.4% of purchases were by Move-Up Buyers  (up from 25.4% in December) *
20.8% by First Time Buyers  (up from 20.1%) *
14.4% moving from Single Family Home to Strata Unit  (up from 11.9%) *
8.0% buying Recreation Property  (up from 7.5%)
6.4% buying Revenue/Investment Property  (down from 8.2%) 
6.4% moving from Strata property to Single Family Home  (up from 5.2%) *
4.0% moving into Retirement Home/Seniors Community  (down from 4.5%)

* During the month of January, there was an increase in purchases by Move-up and First-time buyers, and those moving to single family homes from strata, and from single family to retirement communities.  

Buyer Type (Family Dynamic):

23.7% Empty Nester/Retired (up from 16.4% in December) ** 
20.7% Two Parent Family/Children (down from 31.3%) 
19.3% Couple without Children (down from 28.4%)
17.0% Single Female (up from 11.9%) **
14.1% Single Male (up from 9.7%) **
6.7% Single Parent with Children (up from 3.0%) **

** There were more purchases by empty nesters/retirees, singles, and single parents with children in January compared to the previous month.

Moving From: 

60.3% from Within OMREB Board Area  (down from 66.2% in December) 
13.2% from Alberta (down from 14.0%)
11.0% from Other Areas in BC  (up from 5.1%) ***
6.8% from Lower Mainland/Vancouver Island  (up from 6.6%) ***
4.4% from Saskatchewan/Manitoba (up from 2.2%) ***
2.2% from Eastern Canada/Maritimes (down from 2.9%)
1.5% from Outside Canada  (down from 2.9%)
0.7% from NWT/Yukon (up from 0%) ***

*** Compared to December, fewer buyers moved from within the Board area, Alberta, Eastern Canada and overseas last month, while purchasers from other areas increased.


We just SOLD a property located at 159 9845 Eastside RD in Vernon.
SIMPLY THE BEST THE OUTBACK LAKEFRONT COMMUNITY HAS TO OFFER! Private. Luxurious. Masterfully designed. A retreat unlike any other featuring 270 degs of exceptional lake views, 4 beds, 4 baths, an attached garage, media room + tons of outdoor living space. Luxury cottage feel featuring dramatic wood beams, granite counters, distressed oak hardwood, vaulted ceilings & walls of windows to maximize views & invite natural light while also connecting the living space to natural forested surroundings. Live year-round in Okanagan Lake's most exclusive resort community - this exceptional resort offers private, secure and maintenance free living and features 2 pools, 4 hot tubs, 2 beaches, tennis courts, children's activities, 2 acre man-made lake, neighbouring 240 acre provincial park, tunnel-accessed lakefront picnic area and so much more. Call today for your own private viewing!!

We just listed a new property located at 1660 Large Avenue in Kelowna.
THIS HOME HAS IT ALL!! BRAND NEW SHOP, HOT TUB, PERGOLA, HUGE CONCRETE PATIO AREA, MORTGAGE HELPER, 3 BEDS ON THE MAIN & VAULTED CEILINGS! Located in Black Mountain this home is an amazing offering. There is over 70ft of RV parking and direct access to the shop at the back of the home perfect for storing all your toys and any other possessions. The back yard of the home is an absolute oasis - huge patio area, tons of lawn space, brand new hot tub and a beautifully crafted pergola for all the backyard barbecues (there is even a gas hook up). The home has 3 good sized bedrooms on the main floor with vaulted ceilings, beautiful spacious kitchen with a brand new stainless appliance package. The lower level of the home has 1 bedroom and a den (could be a second bedroom) and a nicely laid out kitchen. This home has been extremely well cared and has a lot to offer! Call the Dion-Ivans Group for your own personal tour (250)575-5455 or visit WWW.KELOWNAHOMEFINDERS.CA for more information!
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