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May Flowers-We Hope!

Posted on April 30, 2010 at 2:35 AM

It's a cold wet rainy end to April, cool and wet in the Okanagan, snowstorm in Calgary as we head into the month of May. I don't think anyone minds the rain or even the snow (Calgary residents might debate this) which is great for the Okanagan and Southern Alberta. Okanagan Lake is at a low water level, a few people are waiting for the water to rise to get their sailboards unstuck, and launch their boats. It looked so promising a week ago, but things will change in May once again, and we'll be enjoying the nice weather once again.

Speaking of weather, what's going on in the real estate market in Kelowna? Well it's business as usual, a steady pace of new listing and a moderate success of sales so far. Its going to heat up in May. The stats for April will be released in early May, and I will post them on the Real Estate News Link for your review. I'm noticed on the the news lately, there is a red hot real estate market in parts of Canada, particularly in Vancouver and Toronto. The not hot but rising markets are in Kelowna, Calgary, and Edmonton. It will be interesting to see the new rules on qualifying for a mortgage have any effect at all. As we roll into summer, is Kelowna going to be a red hot real estate market? The verdict remains to be seen, my opinion is that the market will experience a good year, not a great year, and listing and sales will be at average at best. I put forth this opinion by hearing feedback from other agents in the field. It 's only the end of the first quarter, so there is lots of time for the economy to improve, therefore making a stronger real estate market.

In other news of interest, I saw the new layout of the new golf course slated for Peachland. Quite excited about playing there. The final permits, etc are in progress by the developer,and work should start soon. Two big events for Peachland, the new curling club, and a world class golf course, looks like 2011 going to be a great year for Peachland. Other Peachland properties that have recently sold are the former Motel at Angler Beach, and Todd's RV Park. Developers will be looking to built resort condo's on both sites. The Todd RV Park site has no immediate plans, so if you booked a site this summer, your just fine, good times are still availbale at Todd's.

This weekend, the Kelowna Yacht Club is hosting the Kelowna Boat Show, April 30- May 2, worth a look to see what's new in the boating world, and a chance to mingle with other boat owners. Always a great event.

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