Did you recently discover your luxury real estate is worth more now than it was in 2017? Well, you wouldn’t be the only one. Homeowners all throughout the Okanagan discovered that exact same thing. With value properties in Kelowna going up 17% in 2017, according to BC Assessment, we hit a new record! Kelowna had it’s first $10M assessment on a single family luxury property. Where is this luxury real estate? What is the assessment value at?
4358 Hobson Road Kelowna, BC
This luxury property sits on 1.76 acres and is right on the Lake Okanagan. This waterfront home is the first $10M single family assessment in the Thompson-Okanagan region. The assessed value of this luxury waterfront home came in at $10,029,000, an increase of $800,000 from 2016. Tracy Wall, the assessor for the Thompson Okanagan region states,
“BC Assessment looks at a number of factors when valuing a property. Things that can add value are the location, the size of the property, how large the home is…”
For her full quote, and what other things add value to luxury real estate, visit KelownaNow’s website.
It’s important to know that these are just the assessed values given by BC Assessment. They do not reflect the selling price of a luxury property. To know exactly what your luxury real estate is worth, it’s important to contact a Kelowna luxury real estate agent. They will meet with you and review all aspects of your home that can contribute to the listing price.
If you are interested in selling your Kelowna luxury property, contact Quincy with Quincy Vrecko and Associates. Quincy Vrecko has over 28 years experience of luxury sales. Quincy knows the luxury real estate market, he establishes a strategic marketing plan in order to sell your luxury property for top dollar. If you are looking for a luxury real estate agent who works for you and understands the luxury market then look no further. Contact Quincy Vrecko today. Call 1-863-8810!