Excellent Advice for the Long Term Real Estate Investor in 2012

Hi All,


I was reading Don R Campbell's latest blog post this morning and felt that I had to share it with you.


It offers really excellent advice to the Canadian real estate investor who is looking for a reasoned approach to making long term real estate investment decisions.


2012: The Year Of Confusion, Concern and Consternation – The Perfect Environment For A Sophisticated Investor
2012 is going to be a year of confusing economic signals, mixed real estate messages and fearful investors. In other words: the perfect environment for the sophisticated long-term real estate investor.
Over the last 20 years, my research team and I have been analyzing the Canadian real estate markets from a unique point of view – we don’t look at the real estate numbers. This approach has allowed us and the sophisticated investors who understand this approach to move forward when real estate signals all seem to be showing “stop” – and stop when signals all seem to be green.
To read more please go to the attached link.
http://www.donrcampbell.com/2012-the-year-of-confusion-concern-and-consternation-the-perfect-environment-for-a-sophisticated-investor

I hope you find this helpful!

Kind Regards

Trish Cenci

Tel 250 864 1707

EMail trishcenci@shaw.ca
Labels: , ,

Kelowna Real Estate - Don’t read too much into your Property Assessment value.

Hi All,

It's that time again when we receive our BC Property Assessments through the post.

For many people, particularly those who own property in Kelowna, as a second home, you will be anxiously looking at this report as an indication of the value of your property.

Before you get too concerned, it is important to know that there are many factors that affect your property value which will not be taken into account in making the Assessment.

This is particularly true if you have done extensive renovations, for example.

While Assessments in some areas of the City are fairly accurate, there are a number of areas where properties are either well undervalued or overvalued.

My suggestion is, that if you are really wanting to get some idea of the value of your property, give either myself or your own Real Estate Agent a call, as we are much closer to the latest market information.

For more details of the recent Assessments you may like to read the report in the CHBC News Article - see the link below.

Labels: , , ,

Kelowna Real Estate Update January 2012

Hi All,

First and foremost may I take this opportunity to wish everyone a Happy New Year!

If you were reading the news and following my blog throughout last year you will know that Kelowna Real Estate went through another tough year.

Sales numbers in 2011 were up on 2010, but it remained a Buyers Market, as can be seen in the chart below showing the Months of Inventory available.



The good news for Sellers is that these numbers are falling, and providing we doesn't see a big increase in new inventory during the spring, we should see things moving closer to a more balanced market.

Other points to note are that the number of days to sell a property in 2011 compared to 2010 did vary according to category -:
                                            2011          2010
Single Family                      90                80
Condos                                115              118
Townhomes                       108              100
Lots                                     189              236

There was a modest increase in the number of days to sell Single Family and Town Homes while the was a fall in time to sell Condos and a big improvement for Lots.

Central Okanagan Sales Numbers December 2011


Date

Total

S/Fm

Strata

Lots

Manuf

Dec-11*

171

110

52

6

3

Nov -11

255

145

89

9

12

Oct -11

265

147

87

12

19

Sep -11

289

158

105

11

15

Dec 10

157

93

46

10

8

*Figures are as at close of business 31st December 2011, and may be subject to slight change.

As you can see from the table above, sales were well down in December compared to November, but up on the previous year. This is quite normal for the Central Okanagan.

My Kelowna Real Estate Forecast for 2012

For those of you who may have missed my Real Estate Forecast for 2012, I have attached a link to my article  http://www.trishcenci.blogspot.com/2011/12/kelowna-real-estate-forecast-for-2012.html

Please Help me with you Feedback!

I know that everyone has busy schedules , but I do want to ensure that I keep my blog posts relevant and informative.

Please would you just take a couple of minutes to e.mail me with you comments on my blog, whether it is just to say that you find it helpful, or whether there is something else you would like to see included? My e.mail address is trishcenci@shaw.ca

Thank you in advance, as this will be really helpful!

Kind Regards

Trish Cenci

Tel 250 864 1707
Labels: , , , ,
Subscribe to: Posts (Atom)