Our Must Read Articles for November

Canada's Top 5 Ski Resorts

Rick Steves on the Return of Travel and Why It Matters

Trip of a Lifetime: 9 destinations with Four Seasons

How Do You Design a House that Helps Sick Kids Feel at Home?

International flights resume at YLW

Sneak Peak at Next-Gen Range Rover

Life After Selling a Business

Okanagan Wine Invention

Iconic Upper Mission lakefront vineyard estate

245 Swick Road

List Price: $9,288,800

Luxury lakefront home in gated community

3677 Green Bay Landing Road

List Price: $4,399,000

Energy efficient home with sandy beach & private dock

3687 Green Bay Landing Road

List Price: $4,579,000

108 acre family farm with substantial aggregate deposit+income potential

4602 Schubert Road

List Price: $5,999,999

ENGEL & VÖLKERS HOME SELLER REPORT:

The Next Luxury Home Seller

The North American residential real estate market is red hot. The past year has seen record-low inventory and surging demand, which has continued through the first half of 2021. In nearly every market situation, there are homeowners that are willing to sell their homes. The key lies in having the ability to identify which segments of consumers fall within this group. The question is: Which North American luxury homeowners plan to be active home sellers in 2021 and 2022?

READ REPORT HERE >

Central Okanagan Market Update

ACTIVE LISTINGS

Across the entire interior region, there was a 39% decrease in the supply volume compared to this month last year.

SOLD HOMES

Residential sales across the interior region saw a slight increase from October, and a 18% decrease from the number of sales in October 2020.

SALE PRICES

The benchmark prices for homes continue to increase double-digit percentages in year-over-year comparisons for all home types.

Read the full report here >



If you have any questions regarding market statistics, please feel free to reach out anytime: [email protected]

Source: OMREB Central Okanagan Statistics October 2021

Since the launch of our Client Thank You program we have donated over $35,000 to a variety of charities chosen by our clients. Most recently, four of our clients chose to donate to these incredible organizations:

The Starbright Children’s Development Centre supports the growth and development of children with exceptional developmental needs through early intervention services, and empowers their families through education and resources for child care.

The Central Okanagan Food Bank operates Westside and Kelowna locations, serving 3300-4300 individuals per month, and $3,500,000 food per annum.

The BC SPCA is serves to protect and enhance the quality of life for animals in British Columbia by providing services such as emergency shelter and care, animal advocacy and running animal cruelty investigations. 

The Celebrity Hockey Classic Series supports the Easter Seals Ontario, which serves children who have lifelong physical disabilities. Many of their families face tremendous emotional and financial strain and need somewhere to turn for help.

We are so happy to have the opportunity to support these incredible organizations. See the full list of charities we have supported here.

Recent Client Purchases

Award Winning Service: Engel & Völkers Private Office

I recently had the absolute privilege to be inducted into the Engel & Völkers Private Office, an incredible group of 239 best in class real estate advisors from across the planet. The Engel & Völkers Private Office is reserved for an exclusive group of Engel & Völkers advisors who display exemplary service and results, market leadership, client satisfaction, and trusted character. With accessibility to the most premier marketing measures reaching high net worth buyers and sellers across the globe, Private Office advisors are renowned for serving the most discerning of clients with elegance, sophistication, and discretion.

Richard James Deacon | Engel & Völkers Okanagan | 1-250-801-8831 | [email protected] | www.richardjamesdeacon.com