Chris Chung - Real Estate Professional

03/27/2023

Looking for a great property manager in Kelowna and Big White? Check them out for a seamless process. Hardworking, tech savvy, and knowledgeable about the STR in the area. My first choice and recommendation.

03/17/2023

Happy St. Patrick's Day! Hope you get some luck today~

03/17/2023

March Okanagan Market Update (Feb 2022 vs 2023 Board Data) and Neighbourhood Price Maps. Benchmark Prices are down from last year and under $1M in most areas. Where do you think prices are headed this year?

02/24/2023

this spacious 2-bed condo in the conveniently-located Mosaic building. Only 10 min from by bus and then a short walk to IGA and Save-on-Foods. This was the perfect option for my client's investment and housing for their student child.

Don't know which neighbourhoods to look in? Make sure to hire a ® who knows the area, buildings, and market values of
#켈로나리얼터

02/15/2023

It's that "BC Spec Tax Declaration" time of year again. If you own a home (or two), you'll be getting that nice purple brochure and speculation tax declaration letter in the mail. Not sure how to fill it out? You'll need your Declaration Code and Letter ID and then go here: gov.bc.ca/spectax

Or you can watch this old Korean instructional video. Need an English translation? Send me a message and I'll help you out.

https://youtu.be/1QjNCAhdxek?t=118

안녕하세요!리앤한 부동산 입니다 :)오늘은 비씨주에 거주하시면서 부동산 소유 주이신 분들에게 도착하셨을 투기세/빈집세 메일에 대해서 이야기 해보았어요!리얼터 크리스 청과 채드 리가 투기세/빈집세 뜻과 세금 면제 받을...

01/28/2023

Our Board just released the statistics for 2022 year-end and I've compiled and sorted them for you in an easier format with my signature price map for you to see what Benchmark Prices are in their respective neighbourhoods. Have any questions or wondering about inventory in a specific area? I have answers. Let's chat!

NOTE: this representation is based in whole or in part on data generated by the Association of Interior REALTORS®, which assume no responsibility for its accuracy.

01/26/2023

Thinking of investing in Kelowna's rental market soon or in the future? Here's a brief blog post with some info on STR in the area.

Kelowna is a growing city located in the Okanagan Valley that is quickly becoming a popular short-term vacation rental investment option.

01/17/2023

Where did Buyers moving to the come from last year? Our board just released these stats if you were wondering.

Looks like it's still mostly from in and around the area, but we had a big group from the Lower Mainland and the fact that 37% were all cash buyers is quite interesting.

12/08/2022

It's the last month of 2022 and we've got November stats for you. Not too exciting this time of year, but you'll notice that despite interest rate hikes, prices have moved back up to just over $1M and strata units compared to last year November are still slightly up (4.2% townhouses; 2.1% condos).

Days on market for all types are a cool 51 days or longer, depending on which neighbourhood you're selling in.

For November, the highest priced home sold was a bare-land strata Paradise Estates lakefront unit in for over $4.5M.

For your typical single-family home (benchmark price), (+2.3%) saw the biggest increase and had the largest drop at -4.3%.

What does all this mean? If you're a buyer/investor, should you wait for a chance at lower prices? If you're a seller, is it still possible to get a good price? If you're moving laterally/locally to a similar priced neighbourhood, does it matter? Questions...

Chris Chung - Real Estate Professional
Sage Executive Group - Letnick Estates

10/20/2022

this "feels like new" Townhome in backing onto protected park land with lots of upgrades throughout and located steps away from my hometown golf course and lake. Congrats_ to my amazing and welcome to the warmer Okanagan!

A delight working with listing agent Jennifer Rose from Coldwell Banker Horizon Realty and Okanagan Home Inspections
#켈로나 #켈로나부동산 #켈로나리얼터

06/06/2022

Central Okanagan MAY 2022 numbers are in and they definitely suggest that market activity is somewhat slowing. Prices aren't, however, "dropping" as much or as quick as many buyers had wished, meaning Market price/values for all property types remain high with buyers still competing on quality properties.

There's definitely more to choose from with a 5.4% increase in inventory, coupled with last month's 5.9% increase; giving a few more choices for those still looking.

Looking for a detached single-family home in Kelowna and West Kelowna? You'll probably need to focus on and .

As for condos, sales were strongest in core areas with 20+ units sold in areas like and that have condos able to do vacation rentals and/or house students. Not included in this data are quite a few new presale condo projects that were released in late May with more releasing later this month.