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VALLEY REAL ESTATE REPORT By Michael Coburn


As 2009 winds down, sales of houses and condos remain strong. November 2009 outperformed November 2008 at a rate of 2 to 1. The Real Estate market in the last quarter continues to outperform the same time frame last year. Average house prices are still 10% below last year numbers. For November 2009, the average house price was $459,000 compared to $506,000 in 2008. The $450,000 and under segment remain strong with roughly half of total single family resident sales included in this group. As inventory in this price range diminishes, we should see more sales in the $500,000 plus market. Low interest rates – 5 year


Horizon Air/Alaska Airlines provides seamless connecting services from YLW to four major islands in Hawaii.


You can depart YLW at 06:00 and arrive in Honolulu at 1:03pm, in Maui at 12:29 pm, and in Kona at 12:50pm


You can depart YLW at 12:35pm and arrive in Kauai (Lihue) at 8:39pm or Honolulu at 8:58pm


In return, you can depart:


at Kilauea volcano in Hawaii Volcanoes National Park; play in the snow atop Mauna Kea; hike through Waipio Valley; explore Puukohola Heiau, the largest restored ancient Hawaiian religious temple; enjoy the entertainment, culture and cuisine in Hilo and the Kona Coast – the options are endless!


Craving a fi ve-star resort? Looking to do some island-hopping? Want to rent a car and explore on your own? Fun Sun Vacations can offer all that and more – fl exibility is our specialty! We’ll work with your travel agent to customize a Hawaiian escape that’s just right for you!


For more information please visit www.funsunvacations.com and talk to your travel agent today!


Honolulu at 2:10pm arriving in YLW at 11:50pm; Maui at 1:35pm arriving in YLW at 11:50pm; Kona at 1:50pm arriving in YLW at 11:50pm; and Kauai (Lihue) at 11:30pm arriving in YLW at 11:55am


Enroute to/from Seattle enjoy complimentary Starbucks Coffee, Jones Premium soda, and North- west wines and microbrews. On fl ights to Hawaii, customers have the option to enjoy Hawaiian themed Northern Bites, meals for purchase as well as complimentary POG and Pineapple juices. Customers also enjoy a complimentary Mai Tai and Mona Loa Macadamia nut prior to arrival.


fixed rates can be had for around the 4% mark – should create movement in this price range.


Interestingly, there have been 30 lakeshore properties sold this year at an average sale price of just under $2.1m., with the most expensive being $4.8m. Total to date, the


Central Okanagan saw 55 homes sold for over $1.0m.


Complimentary Wine Tour


Receive a Complimentary Chauffeured Wine Tour as a Thank You for using my services for your next Real Estate transaction.


Call me for details. Use YLW code for redemption. Phone: 250-878-0678


Michael Coburn, Licensed Realtor mike@propertyinkelowna.com www.propertinkelowna.com


WINTER 2010 23


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