Your Kelowna home is up for sale and your Kelowna realtor starts asking you what date works best for an open house? You instantly pause and think, what is the benefit of an open house? Well, the team at Quincy Vrecko and Associates have some secrets to share… Get your Kelowna home sold faster in this red hot market.

Bulk of people through your home

Open houses tend to run for 2-4 hours and are generally on the weekend. For all of those people who have a full time job and have children who are in extracurricular activities, it makes it hard to view homes during the week. A family who is looking to find a home may find it easier to view a bulk of homes on a Saturday afternoon. This benefits you as the seller as you will have a group of people go through your home at once. This will alleviate the stress of having plenty of showings sporadically during the week.

It gets people interested in your home

Hosting an open house, you may get people through your home who were just driving through the neighbourhood and stop in. They may not even be looking to purchase a home yet but they see your home, it ticks off their boxes and they may be considering moving now. On the other side, it gets people in your home who may be unmotivated to book a showing as they don’t feel they are a serious buyer. People coming through your home interested or not, still benefits you as a seller.

You choose your own time and date!

If you work with a great Kelowna realtor, they tend to ask you what date and time works best for you schedule. They may have a great recommendation but you have the final say when you want people coming through your home. You can choose when it works best for you to have a large group of people through your home. Take your family out on great bike ride through Kelowna’s top biking trails and enjoy the scenery while your home’s selling.

In the end, an open house is sure to benefit you as a seller. These are just three benefits of an open house that we shared with you. To learn more contact the team at Quincy Vrecko and Associates today 1-778-760-2860!

 

New statistics released by the Okanagan Mainline Real Estate Board (OMREB) for May shows the Kelowna real estate market is still red hot going into summer.

Sales of single family homes in Kelowna soared with 1132 sales registering in the month of May. This is a 38% increase over April, however a 6% decrease over the same time last year.  The decrease is directly related to the lack of homes for sale in Kelowna.

“Our current market conditions are driven by simple, supply and demand.  We are going to need more active listings before we see a more balanced Kelowna real estate market, until then, it remains very much a seller’s market.” Vrecko comments 

To show the changes from year to year, the data below shows the inventory over the last 3 years for the month of May:

Residental

2017: 719

2016: 859

2015: 1213

Condos

2017: 347

2016: 399

2015: 627

Lots 

2017: 380

2016: 44

2015: 497

The current Kelowna real estate market conditions is resulting in an increase in average house prices and a decrease in days to sell.  The average price for a home in Kelowna has risen to $667,105 and taking only 42 days to sell.  This is a 17% increase over the average home prices last year of $563,020.

When will listings increase?  In the past years, as we approach the summer months where the grass is green, flowers are in bloom and pools are open, sellers are now ready to list their Kelowna home.  An increase in homes for sale in Kelowna will ease the demand and give the buyer’s more selection.

“It’s a great time to be a selling a home in Kelowna. Homes are selling for top dollar in a shorter period of time meaning less hassle for the sellers” – Vrecko 

Tracey Vrecko is a licenced real estate agent with Quincy Vrecko and Associates with over 15 years of experience.  As a Realtor in Calgary in 2006 she experienced a market very similar to the current Kelowna real estate market with multiple offers and homes selling is hours.  It can be very intimidating and mistakes are made if not careful.

Vrecko stresses the importance of using an experienced real estate agent when buying or selling real estate in Kelowna.  A real estate transaction is complex and you should have a professional working for you and protecting your largest investment.

If you are looking to sell your Kelowna real estate, contact Tracey Vrecko today 1-778-760-2860!

 

The sun is shining the grass is green and Summer is just around the corner. Take advantage of this beautiful weather by biking through our amazing city. The Okanagan is surrounded by beautiful beaches and parks so whether you are looking for an easy trail to bike with your kids and family or a moderate/difficult trail to get your heart rate up, we’ve got the top biking trails in the Okanagan for you to explore.

Smith Creek Trail

Located in West Kelowna is this moderate biking trail. There are great beginner trails at near the bottom where you can bring the family. The higher you go up the more difficult and intense the trail gets. Spend around 1-4 hours here and enjoy a afternoon bike ride while taking in the great views of the Okanagan.

Mission Creek Greenway

Mission Creek Greenway is a easy biking trail that is perfect for the whole family. Over 16 km long and running parallel to the Mission Creek, this trail is sure to excite the whole family. Each day more than 1,000 people use this trail and it is open all year long. Bring the dog, pack a lunch and enjoy a picnic while enjoying some of Kelowna’s great views.

Myra Canyon

Great trail for hiking but also for biking! What is also great about Myra Canyon is you do not have to have your own bike as they do rentals on the trail. Not only do they rent adult and youth bikes but they also rent child-trailers for your little ones to join along! Enjoy the 18 trestles, 2 tunnels and spectacular views at Myra Canyon and you’ll know exactly why this made the list of top biking trails in the Okanagan.

If you are in search for your forever home that are in close proximity to top biking trails in the Okanagan, contact the team at Quincy Vrecko and Associates. Aside from giving you advice on the Kelowna real estate market, we want to ensure that your next Kelowna home ticks off all of your boxes. To begin your Kelowna home search, call Tracey Vrecko 1-778-760-2860!

 

With real estate prices soaring, property in Kelowna that were once selling under that 1 million dollar price tag, are now well over that.  So what really classifies a Luxury home in Kelowna?

According to RE/MAX Collections, the Luxury division for the RE/MAX brand, a luxury home is classified as any home that is double the average price for that market.  In Kelowna the average home price year to date is $644,051. A luxury home in Kelowna would be a property with a list price of over $1,288,000.

Some other definitions of a luxury property would be a little more subjective.

A luxury home in Kelowna would typically have the following features to justify the luxury price tag:

• Waterfront

• Acreages

• Lake Views

• Large family homes

• Luxury home finishings

• Infinity pool

• Luxury home gyms and media rooms

A luxury home in Kelowna located at 1070 Westpoint Drive was recently sold for 1.9 million. This Lower Mission home features unique architecture with flat roof and hard lines. Also featuring the use of brick, steel, concrete and wood made this in a league of it’s own.  Built as a large family home it backed onto a large vineyard and featured an infinity edge pool with sunken hot tub and had great lakeviews.

An obvious example of a luxury property in Kelowna is a home located at 320 Poplar Point.  Tommie award winner for home of the year this waterfront home is one of kind. This home features stunning architecture, top of the line finishings and fixtures and has price tag of $6.7 million. This stunning home has state of the art home automation, imported linear fireplaces, custom furniture and fixtures and a one of a kind hand built wine cellar.

Whether you are buying or selling a luxury home, it is important to have the right Kelowna real estate agent working for you.  Most luxury homes or waterfront properties have unique features and the marketing must be tailored to attract the right buyer.

Quincy Vrecko of RE/MAX Kelowna exclusively deals with buying and selling luxury real estate in Kelowna. Quincy highly skilled in negotiating multi-million dollar transactions. He is very knowledgeable with the intricacies of luxury properties in Kelowna.  Quincy has 26 years in the luxury industry. As a luxury real estate agent, he understands the difference when working with luxury home buyers and sellers. Contact Quincy today 1-250-863-8810!

 

An important part of selling a home is finding a Kelowna realtor to help with your sale. With the amount of realtors in Kelowna, you may be finding yourself reading countless testimonials, looking at thousands of websites and trying to make a decision on who to choose. That is why the team at Quincy Vrecko and Associates put together a list of 15 questions to ask your Kelowna realtor.

The questions you should ask your Kelowna realtor are,

1. How long have you been a realtor?

2. Do you work solo or do you work with a team?

3. What is your marketing techniques?

4. How will you keep in touch with me regarding my sale?

5. What services do you include when listing my home?

6. What are your realtor fees?

7. Which neighbourhoods are you known in?

8. On average, how close is the sale price to your list price on your listings?

9. Why should I list with you?

10. Do you take HD video and photos of my home?

11. What other technology do you use to market my home?

12. Will you go through all documents with me before I need to sign?

13. What do you think the negatives on my home are?

14. Do you have an answering service or do I get your direct cell phone number?

15. What separates you from your competition?

We could go on and on with questions to ask your Kelowna realtor, better yet – just give us a call! Our team can answer any questions you may have and guide you through the process of selling your Kelowna home. We want to ensure this process is as smooth and successful as possible. So, if you are struggling to find a Kelowna realtor, the team at Quincy Vrecko and Associates are here to help! If you are in the market to sell your Kelowna home, check out our 8 differences to find out what separates us from our competition or contact our team today 1-778-760-2860!