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New property listed in Penticton

I have listed a new property at 39 Granby Place in Penticton. See details here

This cozy 2 bdrm, 1 bath bungalow sits on a large .17 acre fully fenced corner lot with lane access. Large living room and dining area, some newer windows, flooring, and hot water tank. Good sized bedrooms, large laundry area plus several outside storage areas. Bring your decorating ideas to create entertaining outdoor space in the spacious private back yard. Lots of parking, one covered and bonus RV parking. Ideal location for those who prefer to walk or bike as you are perfectly situated in the middle of town and walking distance to shops, restaurants, parks and schools. Tenant occupied, 24 hour notice required. (id:2493)

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New property listed in Penticton

I have listed a new property at 39 Granby Place in Penticton. See details here

This cozy 2 bdrm, 1 bath bungalow sits on a large .17 acre fully fenced corner lot with lane access. Large living room and dining area, some newer windows, flooring, and hot water tank. Good sized bedrooms, large laundry area plus several outside storage areas. Bring your decorating ideas to create entertaining outdoor space in the spacious private back yard. Lots of parking, one covered and bonus RV parking. Ideal location for those who prefer to walk or bike as you are perfectly situated in the middle of town and walking distance to shops, restaurants, parks and schools. Tenant occupied, 24 hour notice required. (id:2493)

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Open House. Open House on Saturday, June 1, 2024 10:30 AM - 12:00 PM

Please visit our Open House at 524 UPPER BENCH Road in Penticton. See details here

Open House on Saturday, June 1, 2024 10:30 AM - 12:00 PM

Enjoy this one of a kind property on a private .23 acre lot located in the Gateway to our own Napa North - the Naramata Bench, tucked in right behind Munson Mountain, near top wineries such as Poplar Grove and Township 7. This 3300 sqft family home has 4 bedrooms,plus flex, 4 bathrooms, beautiful hardwood flooring, a brand new kitchen with high end appliances and a large 2 floor suite with full kitchen - updated appliances. The yard and views are incredibly inviting with a pergola, hot tub, beautiful gardens, and great water features. A wonderful place to call home, raise your family, relax with friends and soak up the Okanagan lifestyle. Call today for a full info package and to book your viewing. (id:2493)

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Open House. Open House on Saturday, May 25, 2024 11:00 AM - 12:30 PM

Please visit our Open House at 102 626 Van Horne Street in Penticton. See details here

Open House on Saturday, May 25, 2024 11:00 AM - 12:30 PM

Welcome to this 3 bdrm, 3 bath 1/2 duplex close to Pen Hi, recreation and downtown core. Location and floor plan makes this home ideal for families or for first time home buyers. Cozy gas fireplace in living room, dining room, newer flooring and paint, large master bedroom with full en-suite, open kitchen with eating nook, and back yard patio for summer barbecues are just a few of the features. Double parking in the back, crawl space for storage and low maintenance landscaping and water features in the front yard all add to the curb appeal. 2 walls ac units and free standing unit included. Very well maintained and No Strata Fees. Call for your viewing today. (id:2493)

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CREA Monthly Housing Report

Despite rising inventory levels, many of Canada’s homebuyers have remained on the sidelines this spring, resulting in more balanced, less feverish market conditions this past month.

According to the latest market report from the Canadian Real Estate Association (CREA), home sales across Canadian MLS Systems dropped 1.7% month-over-month in April, 2024. Actual monthly activity came in 10.1% above the same month last year.

At the same time, the number of newly listed homes increased 2.8% month-over-month in April, 2024. With slower sales and more new listings, the total number of homes on the market jumped by 6.5%, hitting its highest level since just before the onset of the COVID-19 pandemic. This was one of the biggest monthly increases ever recorded, second only to the mass slowdown the market experienced in early 2022.

“After a long hibernation, the spring market is now officially underway. The increase in listings is resulting in the most balanced market conditions we’ve seen at the national level since before the pandemic,” said James Mabey, Chair of CREA’s 2024-2025 Board of Directors, in the monthly report. “Mortgage rates are still high, and it remains difficult for a lot of people to break into the market but, for those who can, it’s the first spring market in some time where they can shop around, take their time and exercise some bargaining power. Given how much demand is out there, it’s hard to say how long it will last.”

With sales down and new listings up in April, the national sales-to-new listings ratio fell to 53.4%, just below the long-term average of 55%. By the end of April, there were 4.2 months of inventory nationwide, up from 3.9 months at the end of March, the highest level since the pandemic began and above the long-term average of five months.

“April 2023 was characterized by a surge of buyers re-entering a market with new listings at 20-year lows, whereas this spring thus far has been the opposite, with a healthier number of properties to choose from but less enthusiasm on the demand side,” said Shaun Cathcart, CREA’s Senior Economist.

The actual national average home price was $703,446 in April of 2024, down 1.8% from the same month last year. The National Composite MLS Home Price Index (HPI) was unchanged from March to April, marking the third month of stable prices. Regionally, prices are mostly flat across the country, except in Calgary, Edmonton, and Saskatoon, where they’ve been steadily rising since the beginning of last year.

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New property listed in Penticton

I have listed a new property at 102 626 Van Horne Street in Penticton. See details here

Welcome to this 3 bdrm, 3 bath 1/2 duplex close to Pen Hi, recreation and downtown core. Location and floor plan makes this home ideal for families or for first time home buyers. Cozy gas fireplace in living room, dining room, newer flooring and paint, large master bedroom with full en-suite, open kitchen with eating nook, and back yard patio for summer barbecues are just a few of the features. Double parking in the back, crawl space for storage and low maintenance landscaping and water features in the front yard all add to the curb appeal. 2 walls ac units and free standing unit included. Very well maintained and No Strata Fees. Call for your viewing today. (id:2493)

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Open House. Open House on Saturday, May 25, 2024 10:30 AM - 12:00 PM

Please visit our Open House at 8764 Palmer Place in Summerland. See details here

Open House on Saturday, May 25, 2024 10:30 AM - 12:00 PM

This bright modern rancher with walkout basement was built in 2017 measures over 2400 sqft and has 3 bdrms, 3 baths, with suite and double garage! The main level has great open layout that includes, beautiful contemporary kitchen with extra storage that opens onto cozy living room with inviting stack stone gas fireplace and covered deck, a large master bdrm, with walk in closet and fabulous 5PCE ensuite, and there’s a 2nd bdrm, 4PCE main bath, and laundry room with access to the attached 19’7 x 23’6 double garage. Below you’ll find a 1 bedroom suite, second tasteful kitchen, large rec room, additional 2nd laundry room and covered patio off the fenced back yard. Situated in a great neighborhood on a no thru road, with RV parking and stunning views of Giants Head mountain, close proximity to esteemed Unisus International School and fantastic hiking/biking trail. Call to view today! (id:2493)

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Open House. Open House on Saturday, May 18, 2024 10:00 AM - 12:00 PM

Please visit our Open House at 524 UPPER BENCH Road in Penticton. See details here

Open House on Saturday, May 18, 2024 10:00 AM - 12:00 PM

Enjoy this one of a kind property on a private .23 acre lot located in the Gateway to our own Napa North - the Naramata Bench, tucked in right behind Munson Mountain, near top wineries such as Poplar Grove and Township 7. This 3300 sqft family home has 4 bedrooms,plus flex, 4 bathrooms, beautiful hardwood flooring, a brand new kitchen with high end appliances and a large 2 floor suite with full kitchen - updated appliances. The yard and views are incredibly inviting with a pergola, hot tub, beautiful gardens, and great water features. A wonderful place to call home, raise your family, relax with friends and soak up the Okanagan lifestyle. Call today for a full info package and to book your viewing. (id:2493)

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New property listed in Kaleden

I have listed a new property at 129 Birch Avenue in Kaleden. See details here

2 private acres in a fabulous location, just 10 minutes South of Penticton in historic, tranquil Kaleden. The large 3400 sqft home has a great layout for a large family with 5 bedrooms, 3 bathrooms, and all your living needs on the main floor, including a huge master bedroom with 5PC ensuite, soaker tub and large walk-in, a large open concept kitchen, 2 large living areas and a massive deck with vineyard views, perfect for entertaining guests. There is a huge flex area in the walk out basement that could be utilized in various ways or even suited with access to a lower deck/fire pit area and the large yard. Multiple out buildings for hay and storage, a chicken coop, fully landscaped and irrigated, a perfect fit for those who need space with storage for toys or horse lovers. Call today! (id:2493)

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New property listed in Summerland

I have listed a new property at 8764 Palmer Place in Summerland. See details here

This bright modern rancher with walkout basement was built in 2017 measures over 2400 sqft and has 3 bdrms, 3 baths, with suite and double garage! The main level has great open layout that includes, beautiful contemporary kitchen with extra storage that opens onto cozy living room with inviting stack stone gas fireplace and covered deck, a large master bdrm, with walk in closet and fabulous 5PCE ensuite, and there’s a 2nd bdrm, 4PCE main bath, and laundry room with access to the attached 19’7 x 23’6 double garage. Below you’ll find a 1 bedroom suite, second tasteful kitchen, large rec room, additional 2nd laundry room and covered patio off the fenced back yard. Situated in a great neighborhood on a no thru road, with RV parking and stunning views of Giants Head mountain, close proximity to esteemed Unisus International School and fantastic hiking/biking trail. Call to view today! (id:2493)

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Open House. Open House on Saturday, May 4, 2024 10:30 AM - 12:00 PM

Please visit our Open House at 4441 MALLORY Crescent in Okanagan Falls. See details here

Open House on Saturday, May 4, 2024 10:30 AM - 12:00 PM

This 2200 sqft 5 bed, 3 bath family home has seen many upgrades over the years and is located on a quiet cul-de-sac with fabulous mountain views in OK Falls. The huge lot measures .217 acre and has underground irrigation, gardens, fruit trees, fire pit and loads of room to play or entertain. The house has recently seen new paint both inside and out and some new flooring, and the kitchen has beautiful maple kitchen cabinets, with large island/breakfast bar and black appliances. Great layout with 3 beds up including the master bedroom with a walk-in and 2 pc bathroom and 2 bedrooms below. This house is ideal for those growing families and is easily suitable. Call today for an information package or to book a viewing. (id:2493)

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