Local Real Estate news

Well known local real estate agent, Charlene Volk, joins Quincy Vrecko and Associates with RE/MAX Kelowna

The award winning team at Quincy Vrecko and Associates is pleased to announce their newest member Charlene Volk.  

Charlene was born and raised in Kelowna and has been in the local real estate industry for over 22 years.  Her experience started from the roots, in real estate administration and conveyancing where she progressed into a licenced real estate agent.  Charlene is an experienced local real estate agent dedicated to ensuring a smooth real estate transaction and a superior level of customer service.  

Charlene lives in Kelowna with her husband and 3 daughters.  When she is not in the office selling real estate, she is out enjoying the beautiful valley she grew up in.  She loves to go quadding and boating and to relax she curls up with a good book with her cat Milo.

Charlene’s clients love her for her honesty and appreciate her hard work ethic.  Well respected in the community, she is known for her integrity selling local real estate.  A natural fit to the Quincy Vrecko and Associates team, we welcome her aboard!

Quincy Vrecko and Associates is one of the top local real estate teams with RE/MAX Kelowna selling an average of 90 million dollars in Kelowna real estate a year .  The team offers a diverse skill set and specialises in all areas of real estate including Luxury home and waterfront properties, family homes, investment and recreational properties, condo and townhouses and developments.  

Read Charlene full Bio.

Sensitive Santa 2018

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Announcement:

The Sensitive Santa program will be running again this year at Orchard Park Mall.

Quincy and I are honored to bring back the Sensitive Santa visits.   With the help of Orchard Park Mall and Autism Okanagan, these precious Santa visits are treasured memories.  Sensitive Santa is a private one on one visit for children who have sensory sensitivities.  The hustle and bustle of the mall at Christmas time would normally overwhelm children on the specturm.  These visits make it possible for childen with Autism to enjoy this time honored event. 

Our 8 year old son Paxton has Autism.  It is difficult for him to enjoy a visit with Santa when there are crowds of people, bright lights and loud music.  Five years ago after a stressful attempt to visit Santa at the mall, we came up with idea of Sensitive Santa.Sensitive Santa-Quincy Vrecko real estate

The elements that would make a Santa visit a disaster for us, we now control with the help of Orchard Park Mall.  

Sensitive Santa visits are a success because we:

  • After hours-in order to ensure no large crowds
  • Each visit by appointment only- so every family doesn’t have to wait in line and has 5 minutes of privacy
  • Turn off the music and dim the lights- to ensure sensory sensitive environment

We controll the environment, therefore it has created priceless moments with families.   Before the Sensitive Santa program, these families have not been able to step foot in the mall.  Let alone to visit Santa at Christmas time.  

Autism Spectrum Disorder (known as ASD) is range of conditions. They are characterized by challenges with social skills, repetitive behaviors, speech and nonverbal communication.  In Canada, 1 in 68 children are currently diagnosed with autism spectrum disorder.  This makes Autism the fastest growing and most commonly diagnosed neurological disorder in Canada.

Quincy and I hope to be able to bring more programs like Sensitive Santa to the Okanagan.  When I am not selling real estate, I am working with Autism Okanagan.  I am proud to be the acting president for the board of directors.  I am growing awareness in the community and increase activities for families living with a loved one on the Autism spectrum.

sensitive santa quincy and tracey vrecko

Dates for this year are December 2nd, December 9th and December 16th.

To register for Sensitive Santa visit http://sensitivesantaokanagan.ca/register/

Tracey Vrecko

 

 

Best exposure for your Kelowna Listing

When listing a home for sale, you want to make sure you are set up for success. 

Your Kelowna listing must be seen by as many buyers as possible.  Even those outside of Kelowna.  

Sure the MLS, or Realtor.ca, is a great tool when looking for homes for sale in Kelowna.  But how is your Kelowna listing getting to those outside of Canada, or even North America?

Every Kelowna listing with Quincy Vrecko and Associates is advertised internationally.  Even more, their listings are in over 100 different countries and territories worldwide.  All listings are then translated into 29 different languages to ensure, clear, effective marketing all over the world.

Quincy Vrecko and Associates with RE/MAX International is in more countries than any other real estate brand.  Therefore, your Kelowna listing with the Quincy and Vrecko associates team gives your listing the advantage over others.  This exposure reaches potential buyers looking outside of Kelowna, Canada and even North America.

195 upper canyon drive-quincy vrecko and assoicates kelown real estate

Here is an example with our beautiful listing at 195 Upper Canyon Drive in Wilden:

https://www.quincyvrecko.com/listing/195-upper-canyon-drive-luxury-home/

In English:

This executive home is located on one of the largest lots in the growing community of Wilden. Sitting on more than ½ an acre surrounded by parkland.  The home boasts stunning panoramic views, 4 bedrooms, 3 full baths, large landscaped yard, 28 ft pool, hot tub, and covered patio.

In Spanish:

Esta casa ejecutiva se encuentra en uno de los lotes más grandes de la creciente comunidad de Wilden. Sentado en más de un acre y medio rodeado de zonas verdes, la casa cuenta con impresionantes vistas panorámicas, 4 habitaciones, 3 baños completos, un gran patio ajardinado, piscina de 28 pies, jacuzzi y patio cubierto.

In German:

Das Executive-Haus befindet sich auf einem der größten Grundstücke in der wachsenden Gemeinde Wilden. Auf mehr als einem halben Hektar, umgeben von Parkland, bietet das Haus einen atemberaubenden Panoramablick, 4 Schlafzimmer, 3 Badezimmer, großen Garten, 28ft Pool, Whirlpool und überdachte Terrasse.

In Simplified Chinese:

这座行政住宅位于Wilden不断发展的社区中最大的地段之一。 酒店坐落在占地超过半英亩的公园内,享有壮丽的全景,设有4间卧室,3间全套浴室,大型园景庭院,28英尺的游泳池,热水浴池和带顶棚的庭院。

 

So when you are considering selling your home in Kelowna, your only choice is Quincy Vrecko and Associates.  The team will make sure your Kelowna Listing has the right exposure.   As a result, you can secure a sale quickly and for top dollar.  The team has experience with Luxury homes, Waterfront properties, family homes, townhouses and condominiums and recreational properties.

Contact us for more information of our listing services.

Contact us

Kelowna Real Estate market is Shifting to a Balanced Market

What is a balanced market and what does that mean for home buyers and sellers.  Tracey Vrecko, a Kelowna Realtor from RE/MAX Kelowna sheds some light on the shift in the Kelowna Real Estate market.  

The Kelowna real estate market is not the doom and gloom the media is making it out be, in fact, the decrease in sales activity and the increase in inventory has balanced out a heated marketed that was putting stress on both buyers and sellers.

 

There are several factors responsible for this shift in the Kelowna Real Estate Market.

row of for sale signs-Quincy Vrecko and Associates-Kelowna Real Estate

row of for sale signs

Increase in Inventory of homes for Sale in Kelowna  

According the the Okanagan Mainline Real Estate Board, the number of single family homes for sale in Kelowna has risen to just over 1550 units.  This is nearly double over this time last year where single family listings were sitting just under 800 units, creating a strong sellers market. This increase in inventory has cooled the heated market giving buyers more choice and sellers more competition.

 

 

 

Changing mortgage rules

New federal guidelines came into effect at the beginning of 2018 that has put a stress test on those who are looking for a mortgage.  This is not only making it more difficult for homebuyers to qualify for a mortgage, it is also decreasing buying power by approximately 20%.  This has had a significant impact on the Kelowna real estate market as homebuyers are now having to re-evaluate their needs when it comes to buying a home.  For more detailed infomation on the changes visit https://globalnews.ca/news/4097215/canada-new-mortgage-rules-stress-test-2018/

taxes-Quincy Vrecko and Associates-Kelowna Real Estate

taxes

 

Speculation Tax

When the NDP government took control of the province of BC, the prime Minister John Horgan put forward the controversial Speculation Tax to aid in BC’s housing crisis.  Since it’s conception, this tax has since been revised due to the backlash of homeowners and investors, and has yet to be passed. Even the idea of this speculation tax has made the public nervous and has decreased buyers confidence in the housing market.  For more information on the Speculation Tax https://www2.gov.bc.ca/assets/gov/taxes/property-taxes/publications/is-2018-001-speculation-tax.pdf

 

 

Kelowna Realtor, Tracey Vrecko comments:

“This shift in our market has created a balance that will be better for home Buyers and Sellers.  For someone buying a home in Kelowna, this shift will allow them to take more time making this big decision and not feel as rushed as they did 6 months ago.  And for Sellers listing their home, with the increase in inventory of homes for sale in Kelowna, this has opened up options for when their home sells.”

With all the changes to the Kelowna Real Estate market it is more important than ever to have an experienced Kelowna Realtor working on your behalf.  Your real estate professional should keep you up to date on the factors affecting the market and how this will impact your home buying or selling experience.  

 

Quincy Vrecko and Associates are a group to top real estate agents in Kelowna and service the surrounding areas.  Kelowna Realtor Tracey Vrecko has been in real estate for 16 years and has vast knowledge and experience with changing markets.

Kelowna Real Estate Marketing – Print vs. Digital

Like many other industries Kelowna real estate marketing campaigns have evolved from window signs and newspaper advertising to dynamic digital marketing strategies across multiple platforms. This transformation is necessary now that most consumer activity takes place online. There are many advantages to online marketing.

Target Markets

kelowna real estate marketingA recent poll found that 100% of active home buyers used digital media when searching for a home. In contrast only 28% used traditional print media in the Kelowna home search.

While print media is constrained to a specific readership, Kelowna real estate agents have numerous tools at their disposal to ensure digital campaigns reach the target audience. Digital advertising is targeted by location, age, income, interests and many other demographics. These criteria ensure that Kelowna real estate advertising is more likely to be viewed active buyers.

Monitored and Modified

Digital campaigns allow you to experiment and constantly adjust audiences and other features of the campaign based on how people are responding to it. Online Kelowna real estate ads are monitored for reach, impression, and actions. This real time information allows advertising to be modified and improved with immediate effect. Print advertising does not allow for this flexibility.

virtual reality in kelowna real estate Multi-Media

Digital campaigns use videos and virtual tours as well as photography, allowing you greater creativity and versatility. A print campaign is limited to just photography and graphic design. Kelowna real estate marketing that uses a variety of media engages potential buyers and provides a well-rounded representation of what your home offers.

 

Home owners looking to sell their property in the Kelowna real estate market should look for agents that are savvy about digital marketing. The team at Quincy Vrecko and Associates advertise homes for sale across multiple digital platforms. A personalized and dynamic marketing plan is created for each home and all forms of media used including virtual reality.

If you’re considering selling your Kelowna home your first call should be to Quincy Vrecko and Associates to arrange for your free market evaluation. Reach us at 778-760-2860 today.

March Agenda: What to do in Kelowna

Another month has come and is almost gone, we’re almost ready to welcome Spring! With a new month approaching comes a new agenda of things to do in Kelowna. If you are looking for something to do in Kelowna this March, check out our handy agenda for the month of March. Each month we feature 3 events happening locally in Kelowna, keep your eye out for the months to come!

Fondue Friday

cheese fondue with wine

Fondue Fridays

If you are looking for a fun weekly activity for March, and you love wine… then we have the perfect activity for you! Back by popular demand, every Friday in March from 5:00-7:00PM head over to the View Winery located in Kelowna, BC for a Fondue Friday evening! Enjoy rich cheese and chocolate fondues paired with estate grown wines. This weekly event is just $15 and is the perfect way to spend your cold weekends!

YLW Spring Travel Event

From 11:00AM to 3:00PM on March 3rd the annual Spring Travel Event is taking place. If a vacation is in the near future for you and your family, this is the event for you. Learn how easy it is to plan your vacation! This Spring Travel Events gives you information on flights out of Kelowna, hotels and travel packages. You can even enter for your chance to win a travel prize at the event by purchasing ballots. All funds are being donated to the Canucks Autism Network! You don’t want to miss out on this annual event in Kelowna.

homemade pasta in pasta roller

Homemade Pasta Workshop

Handmade Pasta Workshop 3.0 (Hands-On)

If you enjoy cooking or you are looking to learn a few new recipes, on March 29th we have the event for you. From 6:00PM to 9:00PM for only $75.00, you can learn how to make different homemade pastas at Start Fresh Kitchen. Grab your apron and you’ll learn how to make spinach gnocchi, basil tagliatelle and duck-stuffed agnolotti. Best part? After you are done cooking the pasta, you get to enjoy your masterpiece! Yum!

Well there you have it Kelowna, a few great events happening this month. If you are looking for full list of things to do this month, visit Tourism Kelowna’s website. They feature all weekly, monthly or annual events and you can search for whatever month you desire! If you are not a resident of the beautiful city of Kelowna and want to make this city your home, contact one of our real estate agents at Quincy Vrecko and Associates RE/MAX Kelowna. One of our knowledgeable real estate agents can assist you with your home purchase. All you have to do is pick up the phone to start your home search. Call 1-778-760-2860 today!

Kelowna real estate market statistics for October 2017

Graph showing statistics of Kelowna real estate market October 2017

What was the Kelowna real estate market up to this October?

Kelowna real estate sales remain strong going into the fourth and final quarter of 2017

Despite the small decrease posted in October, sales of Kelowna single family home decreased slightly from this time last year and are at par from the previous month.  

“It is typical for this time of year to see a slight slowdown in new listings and sales. I really enjoy the fall market as it allows us to spend a little more time with homebuyers.” says Tracey Vrecko, a top Kelowna real estate professional with RE/MAX Kelowna.

The inventory of Kelowna homes for sale remain a challenge for buyers. The fall market allows for some breathing room compared to the hot summer market.  There were 878 new listings in October compared to 1118 in September. The average days on market have rising from 72 to 82 day to sell.  While these number are all very common for this time of year, there is one irregularity.

The average price for a single family Kelowna home is up to $526,418. This is a 16% increase from this time last year.  This irregularity is due to the increase in sales of Luxury homes in Kelowna. This includes the sale of the most expensive waterfront property this year posted at 6.4 million.

“The fall luxury real estate market has been very strong this year. When it comes to these types of properties, they don’t follow the typical sales cycles.” notes Quincy Vrecko, the top luxury real estate specialist with RE/MAX Kelowna.

In the month of October there were 6 sales of waterfront homes in Kelowna compared to only 2 in the hot July summer market.  Overall, there were 11 luxury homes that sold in Kelowna and surrounding area for over 2 million in the month of October. These higher priced properties have raised the average single family home sales for the month.  

As home buyer demand remains strong even in the fall/winter months, the Kelowna real estate market continues to grow.  To ensure you are keeping on top of the changing market conditions, hire a professional Kelowna real estate agent. Quincy Vrecko and Associates is one of the top real estate teams with Re/Max Kelowna. Our team of professional real estate agents can help through the home buying process, giving you expert advice.  If you are looking for a Kelowna family home, condominium, penthouse or a luxury waterfront home call 1-778-760-2860! 

What is my Kelowna real estate worth?

The first question you think of before placing your Kelowna home on the market is, what is my Kelowna real estate worth? Knowing what your Kelowna real estate is worth is great to have when you are getting ready to place your home up for sale. As the market is always changing, it is good to know if this is the right time to sell. How can you find out what your Kelowna home is worth? Here’s how!

Do some research to find a Kelowna realtor

couple sitting with Kelowna realtor to find out how much their Kelowna real estate is worth

Find a Kelowna realtor

First things first, the best person to call is the real estate experts. You may do your own research but the person who can give you the most accurate number is a Kelowna realtor. A Kelowna realtor will be able to do a competitive market analysis on your Kelowna real estate to provide you with a value on your Kelowna home at this point in time.

Market Analysis on your Kelowna Real Estate

The best way to provide you with a value on your Kelowna real estate is having your Kelowna realtor conduct a competitive market analysis. They will assess the current market, find out what homes in the area has sold for and give you a value for your home. Keep in mind, what your home is worth today could be different than what it is worth in 1 year from now. The market changes and so does the value of your home!

small toy home and calculator on a graph

Have a market evaluation done on your home

If you haven’t had a market analysis done in the last 6 months ago, contact Quincy Vrecko and Associates! Our team of real estate professionals can provide you with a FREE market evaluation on your home. We do not want your Kelowna home placed on the market and sitting waiting for an offer. Let’s get your Kelowna real estate on the market and SOLD! Start by contacting the team at Quincy Vrecko and Associates. One of our Kelowna realtors would be happy to assist you with your next real estate transaction. Call 1-778-760-2860 today!

Make West Kelowna your Home

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West Kelowna, our friendly neighbour, just a hop, skip and a drive over a bridge away!  It is the second most populated municipality in the Central Okanagan. This rapidly growing community has a wide range of activities for you and the family to enjoy. From hiking and biking to wine tours and much more, you’re sure to find it in West Kelowna.

Housing in West Kelowna

Home located in West Kelowna with large backyard and pool

1421 Pinot Noir Drive – Previously listed with Quincy Vrecko

More and more people are heading over the bridge to purchase real estate and in turn the housing market is rapidly growing.  Mission Hill, Shannon Lake and Lakeview Heights are just a few popular neighbourhoods in West Kelowna. Lakeview Heights is one neighbourhood that has been rapidly growing over the last few years. From luxury homes with stunning views of the Lake Okanagan to family homes perfect for your growing family. 

Wineries

West Kelowna is also known for their amazing wineries. From Mission Hill to Quails Gate, you are sure to find some amazing wines out that way. The wineries are within close proximity so choose a weekend and grab a few friends and enjoy a tour of the spectacular wineries. If you are looking for a weekend getaway that isn’t too far from home but relaxing enough to be able to unwind and enjoy yourself, the wine trails in West Kelowna are calling your name.

couple hiking up a hill

Hiking Trails in West Kelowna

Hiking Trails

There is no shortage of hiking trails in our province that’s for sure! Check out the great hiking trails that West Kelowna has to offer. If you enjoy a more difficult hike, check out Crawford Falls! The waterfalls are just spectacular and so rewarding after the intensity of the hike! Another great place for a walk/hike is Rose Valley Regional Park. Great place to bring your dog for a walk or birdwatch. Whatever it may be, Rose Valley Regional Park is the place to be!

If you are looking to make a change and you want to make West Kelowna your new home, contact the team at Quincy Vrecko and Associates. Our dedicated team of real estate professionals are ready to assist you with your next Kelowna home purchase. Call 1-778-760-2860 today!

Kelowna Real Estate Market statistics for August 2017

graph showing statistics for Kelowna real estate market for the month of August

Monthly Statistics for August 2017

As the summer heats up in Okanagan, the hot Kelowna real estate market cooled off slightly. Posting an 8% decrease in sales from the month of July and a 14% fewer sale from the same month last year.  This decrease in sales is largely due to continued low inventory levels of homes for sale in Kelowna.  

New listings were at par with August of last year. As inventory remains low, the Kelowna real estate market continues to favor the seller. Days on market rose slightly, which is typical for this time of year. Average price for a single family home in Kelowna remains steady at $678,608.  

When comparing different categories of the Kelowna real estate market to the same time last year, there were some interesting numbers produced.

Single family homes

August of last year, there were 349 sales of single family homes in Kelowna where this year sales totaled 261.  The lack of single family homes for sale in Kelowna continue to factor into the decrease in sales.  Yet another major factor is the rise Kelowna real estate market prices.  It is becoming harder and harder for first time home buyers to buy a single family home. They are turning to condo and townhouse living.  

Condominium and townhouses

As condos and townhouses become the more affordable option in a red hot Kelowna real estate market, sales are at par to last year despite the lower inventory levels.  Last year in August there were 281 units sold and this year is nearly the same at 257.  This trend will likely continue as new developments of condos and townhouse complete and prices for single family homes remain out of reach for some buyers.

Lots

According to CMHC, by this time last year new home construction was up 65% over the previous year and lot sales were very brisk to say the least.  For the month of August alone there there were 57 lot sold compared to only 30 this year.  Rising building costs and lack lots for sale in Kelowna contributes to this decrease.  

Waterfront homes

The sale of waterfront homes in Kelowna has seen a significant decrease this year with only 14 sales registering for the month of August. Yet last year there was of 25.  Sales of waterfront homes are down due to the flooding of Lake Okanagan where over 200 docks lakeshore were damaged from the floodwaters.  Once docks are repaired and replaced,  the Kelowna real estate market could see an increase in listings and sales of waterfront homes.  

Luxury property

Luxury real estate in Kelowna in August is down 16 sales to 35 on a last year of 51.  Homes sold over 1 million make up this category. While inventory is the common theme for this year’s Kelowna real estate market statistics, there were environmental factor such as floods and fires.  Luxury homes with big lakeviews where difficult to apprecite because of the fires in BC.  It was surprising to see a decrease in this category because of the rise in the real estate values pushing more homes over that 1 million dollar mark.  

As summer winds down the we move into the 4th quarter, it is typical to see a slowdown from the busy Spring and Summer market.  Demand is still strong and with lower inventory, we remain in a seller’s market going into the fall.  This could change with new home starts in 2016. It is likely to see an increase in re-sale listings as homeowners get ready to take posession of their new build.  

To stay on top of the changing Kelowna real esate market, use the expertise of a professional real estate agent.  Quincy Vrecko and Assoicates is a top Kelowna real estate team with RE/MAX Kelwona focused on real estate trends. We can keep you up to date on listings even before they hit the market.