Macdonald Realty listings get extra exposure on international website LeadingRE.com

PrintMacdonald Realty offers consumers an easy way to search home listings and identify top real estate firms in markets worldwide through its participation in the new LeadingRE.com.

The site also brings global exposure for our BC real estate listings and provides consumer resources, such as cost of living comparisons, school information, recent home sales and other local resources and statistics. LeadingRE.com can be accessed via macrealty.com by clicking the Global Home Search logo on the homepage.

“LeadingRE.com now provides home buyers and sellers an easy way to identify the top-performing real estate companies in a given market by searching over 400,000 member listings or by using our comprehensive member directory,” notes Leading Real Estate Companies of the World Director of Strategic Development Rhett Damon. “Our network linking strategy connects many of our high-traffic member sites to LeadingRE.com’s national or global search, providing valuable listing exposure to home sellers.”

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For more information about Macdonald Realty and our LeadingRE partnership please email macrealty@macrealty.com or call 1-877-278-3888.  Looking to buy or sell, locally or globally?  Allow us to make a quality introduction to be matched with an independent brokerage and REALTOR® working in your area.

Quality | Connections | Independence

PrintMacdonald Realty is a member of Leading Real Estate Companies of the World™, a global community of real estate companies awarded membership based on rigorous standards for service and performance.

This LeadingRE distinction ensures that you can count on a quality real estate experience when working with us and will benefit from our global connections to buyers and high quality real estate professionals around the world.

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Asian investment growing | Castanet

The influence of Asian investment in commercial properties in Kelowna has grown significantly over the past 18 months.

That’s according to a report published by HM Commercial Group, licensed with Macdonald Realty Kelowna.

The report states low rates on return on investment in the Lower Mainland, compounded by the new 15 per cent residential tax for foreign nationals, is driving Asian investment into the Okanagan Valley, specifically Kelowna.

Several transactions involving Asian investment have been concluded over the past several months, including two high-density residential sites in the downtown area.

These include:

  • The former Monaco multi-family site. An urban twin-tower project on 1.04 acres, with approval for 161 hotel units and 128 condos. Sold via court-order for $6.5 million.
  • The former Lucaya project. A 21-storey residential tower adjacent to Prospera Place and Waterfront Park. Was acquired via court-ordered sale and has been rebranded as 1151 Sunset Drive and is in active pre-sales mode.
  • Lake Okanagan Resort. A 125-room, lakefront resort with a nine-hole golf course, tennis courts, marina and restaurant on 300 acres. Sold for more than $10 million.
  • 1601 Bertram Street, a 13,000-square-foot single-storey commercial building downtown (home to K96.3/Country 100.7 radio stations) sold for $2.4 million.

Along with these investments, the report says Asian investors are gobbling up wineries and golf courses across the valley.

Six vineyards and wineries have been brokered by Macdonald Realty Kelowna.

Large parcels of land, 50 acres or more, are also being purchased and because in some cases they include functional businesses, they also meet the criteria of the federal government’s immigration and foreign investment policies.


The article was originally posted on Castanet, October 27, 2016. Written by Wayne Moore .

Kelowna Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in August 2016.

Central Okanagan: Kelowna and Lake Country

There were 303 sales, 762 active listings, and a $616,480 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 44.

The condo market featured 178 sales and 376 active listings at the end of the month. The average sale price was $299,241 with 53 average days on market.

Townhome sales were 103, active listings were 222, average sale price was $416,118, and the average days on market were 54.

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Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

 

Macdonald Realty Luxury Homes Magazine | Spring 2016

The latest edition of Macdonald Realty Luxury Homes is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this Spring 2016 issue include an exceptional “Super Prime Real Estate” in Vancouver, an article on Americans Investing Abroad and a new LuxeTrends: Make 2016 a Family Focused Year, content courtesy of our partner Luxury Portfolio International.

Simply click the cover image below to see the digital version!

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Selling a Home in Kelowna

Selling a home can be a difficult task for even the most seasoned of sellers. There is so much that goes into the process of placing a property on the housing market. First, the owner needs to get the home in condition to present it to potential buyers. From there, taking proper pictures that display your residence in its best light is a must. These are the images that are going to grab the attention of those that are searching online through all the homes available for sale. Unfortunately, even the best pictures don’t ensure that your property will be seen. After all, you are competing with your neighbours for the attention of a select few buyers.

As with any competition, it is important to find an edge. This is where an experienced REALTOR® can be your ace in the hole. With an extensive list of interested buyers, as well as the know how to market your listing to a greater audience, real estate agents make it their mission to get the most money for your property. When you have a team of skilled agents on your side, the competition gets left in the dust!

I would be happy to sit down with you and explain the home selling process and all that I can offer to maximize the exposure of your home to potential buyers.

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Buying a Home in Kelowna

Buying a home is both an exciting and scary venture. With the status of homeowner comes the costs of maintaining the property you are now tied to. If you are going to take on a lot of added responsibility it is your right to be selective when choosing a home. While your search may start out with enthusiasm, it can quickly grow tiresome as their are so many listings to browse.

Our question would be: why do all of the work when there is someone willing to help? The process goes a lot smoother with more that one set of eyes scouring the housing market for your perfect property. This is where our team truly shines, as we make it our duty to get our clients the keys to their ideal home! Simply tell us what you are looking for and we will go to work searching through our database of available homes. From there, we will give you a list  that most accurately match your requirements. With a list that is narrowed down to a handful of properties, your decision will be much more manageable.

Whether you are a first time buyer, or it has just been a few years since you’ve last bought a home, the process of buying a home can seem like a bit of a mystery.  I would be happy to sit down with you to walk you through the home buying process and the key milestones we will hit along the way.

buying a home

Real Estate in Kelowna

Whether you are buying or selling real estate, it is important to know the state of the local housing market. This way, each side knows where the advantages lie. For sellers, the market is at its best when there are fewer homes up for grabs. Less competition makes for an easier time getting your property viewed by the right individuals. On the flip-side, buyers will find top deals when there is a saturation of listings. When sellers are competing for your business, you end up the winner!

The housing market can give us a list of relevant information, such as: the number of homes for sale, the average selling price for real estate in the area, and the amount of homes sold during a specific period of time. With this data, both buyers and sellers can formulate a strategy on when to make a move. Perhaps more homes are sold during the summer. Maybe the average cost is lowest at the beginning of the year. Whatever the housing market shows, it is important to take the information into consideration.

The Housing Market

Whether you are buying or selling real estate, it is important to know the state of the housing market. This way, each side knows where the advantages lie. For sellers, the market is at its best when there are fewer homes up for grabs. Less competition makes for an easier time getting your property viewed by the right individuals. On the flip-side, buyers will find top deals when there is a saturation of listings. When sellers are competing for your business, you end up the winner!

The housing market can give us a list of relevant information, such as: the number of homes for sale, the average selling price for real estate in the area, and the amount of homes sold during a specific period of time. With this data, both buyers and sellers can formulate a strategy on when to make a move. Perhaps more homes are sold during the summer. Maybe the average cost is lowest at the beginning of the year. Whatever the housing market shows, it is important to take the information into consideration.