Kelowna British Columbia Real Estate Video Blog with AJ Hazzi: February 2014

There are many Kelowna area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (250) 717-3133 for a FREE home buying or selling consultation to answer any of your real estate questions.

Inaugural Blog / Market Update for Kelowna Real Estate in 2014

Hello everyone and welcome to my first video blog. I'll be updating you every two weeks to present pertinent information about the real estate market in order for you to make more educated choices about buying, selling, or investing. I'm here to help you, and I appreciate you watching.

What to Expect in the Kelowna Real Estate Market for 2014....

2013 proved to be a year of recovery for our market, but it was part of a larger cycle of real estate.

boom time (which occurred from 2004-2008), slump (what we just experienced in 2008-2012), and then recovery, which began right around the fall of 2012. Each of these cycles take about 4 years.

What does our current recovery look like? To start, sales have increased 15% since last year, and sales were up 45% this December compared to last December.

Inventory has shrunk by about 15%. This combination of high demand and low(er) supply will start to make home prices rise, but not like anything that we saw in 2007.

Interest Rates: Surprisingly, interest rates have dropped from 3.59% to 3.09%. This will contribute to the buying temperature and also to a more stable, balanced market.

Inventory is at healthy 5 month supply, but don't expect multiple offers or high prices right now.

My Predictions for 2014: The Same as 2013, but More Pronounced

Inventory will continue to shrink.

Sales will keep going up.

Properties will appreciate anywhere from 2-5%, which would be the first time in 5 years that that has happened.

Overall I'm really confident about 2014. I think this will be a good year to own and invest in Kelowna real estate. Thanks again for watching my first video blog, but stay tuned because there will be much more to come!

Feel free to contact me with any questions at (250) 717-3133 or email me at info@vantagewestrealty.com

Why Hire Vantage West Realty?

A full service boutique firm comprised of dynamic real estate professionals committed to the highest level of professional client attention, service and support.

Our mission is to utilize our expertise to the benefit of our customers, to become their trusted advisors for life and to assist them in successfully completing their real estate goals with the highest standards of skill, support and service.

Vantage West Realty Inc
#100-1060 Manhattan Drive,
Kelowna, BC V1Y 9X9, Canada
(250) 717-3133
Info@VantageWestRealty.com

Vantage West Realty Testimonials

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Adam - "Vantage West gets you what you want."

Heather - "They were transparent from the beginning, they didn’t try and hide anything which we really liked."

Jenny - "We were able to text them and I think it’s easier to shoot someone a short text then to set up a meeting if you have questions about anything."

Mark - "The Vantage West Realty Group’s team effort definitely stood out to me. There were different people carrying out different tasks and it made the whole process very efficient. Work with them and get ready for a positive experience."

Mike - "Nick from Vantage West Realty Group fit the bill perfectly for what I was looking for in a Realtor. He was aggressive and always good for his word. He really knows the real estate industry and can spot a good deal. I would recommend him strongly."

Ron - "The Vantage West Realty Group really knows what they’re talking about. They’re sharp, on top of their game, and give good suggestions. You can benefit from my great experience and work with them!"

Greg - "Our home sold in 2 days and never even made it to the listings. Vantage West Realty typically has a good pool of clients that are looking for houses and he had 2 clients walk through and the second ended up buying it. It was so quick! They had a stager come through and give me tips to get it showable and market ready so I was very happy about that!"

Kim - "Our home sold within 4 days of it being formally listed and we had a backup offer 2 days afterwards. They really know what they’re talking about and did a wonderful market analysis. The pricing on the property was great and everything was just a piece of cake! We’ll be using him again next year to sell another property we have!"

Scott - "What I liked about working with Vantage West Realty is that they’re always upfront, truthful, and Aj, our agent, would always tell us if he thought it was a good deal or not. It was always consistent and you always know what you’re going to get. Aj communicated well and got back to us in a timely manner."

Alan - "Jeff Anderson was my sales representative and he was incredibly organized and methodical in the way he approached the deal. He got his paperwork in on time, as he suggested, and everything went very smoothly!"

Cody - "When we walked in we expected to go in and try to do a rent-to-own program but they were able to find us a mortgage broker that was able to help us get a mortgage. They look at our numbers and talked with us about our options and they were just helpful from step 1. I was in Mexico the final week before closing and he really made sure that I had everything done before I left and organized all my paperwork for me while I was out of county. He was always there for us!"

Andrew - "Everything was so fantastic! They really bent over backwards to provide for me and I couldn’t have asked for a better Realtor! He would come and pick me up and take me to whatever property I was interested in, if it wasn’t what I thought we would go around the surrounding areas and totally exhaust it before we gave up. He really just went above and beyond!"

Dawson - "We had a good experience. My house was sold quickly so I was pretty happy about it. They let me know every time there was a showing and it was all really good!"

Andre - "We were working with Jeff from Vantage West Realty and I thought that the whole experience was very good. We had heard about him because he was sold a house to my son and then he came to us with a deal. We decided to go for it and ended up taking the bid out of 7 so we got great results. He represented us through the situation and he really followed up with things that I needed to know about the purchase. Even after the deal, we’re going to grab lunch next week which I think is pretty cool!"

Wayne - "Vantage West helped us sell our home and buy a new one. They made sure that we got to see all the properties we wanted, even though that took up a lot more time. We really appreciated that we got to see all our options!"

Kelly - "He was a great Realtor. I got pretty much everything that I wanted. I had to find a place within a three month period of time, and almost every single day, I went looking for houses with him. I would say he went above and beyond every single day!"

Nick - "Everything was good. They were very helpful. Jerry did a good job. We had to finalize the deal within two weeks, and he worked hard on his end to make sure everything went through. He got it done!"

Mona -"They were great. They’re all awesome and super-friendly. There are no words to describe their kindness and service. AJ is always on the ball, and he’s the one I usually deal with. The people in the office were amazing. I just sold a property, and they would get back to me right away!"

Thomas -"We bought a house. I appreciated the time the Realtor took after-hours to talk with us. We’re a working couple, and I appreciated that Evan was willing to talk to us until 11:30 at night. We thought that was rather impressive!"

Bob -"I worked with them twice. One time was to buy a property, and the second time was to sell that property. The property ended up selling very quickly!"

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Inaugural Blog / Market Update for Kelowna Real Estate in 2014