Kelowna Real Estate Mag was invited along to a special evening as Stacey Fenwick gave us a personal tour of the Sopa Square Discovery Centre in South Pandosy. Aj Hazzi and Joel Sherlock from Vantage West Realty were in attendance and both were equally impressed with the Sopa development.

The Sopa Square Discovery Centre is located at 3013 South Pandosy.

The real estate market in Kelowna is expected to strengthen in 2010.

According to a recent report by REMAX, house prices in Kelowna will increase about 5 per cent in 2010.

Property values in and around Kelowna fell slightly this year, but there is good news on the horizon.

Top performers in terms of unit sales appreciation in 2010 are all in Western Canada, leading the way is Kelowna with an anticipated upswing of 10 per cent in housing sales.

“Some of the greatest percentage gains were reported in Western Canadian markets in 2009, demonstrating the higher the peak the lower the valley,” says Regional Executive Vice-President, Elton Ash.

“That said, the recession barely registered on year-over-year activity in most major centres.”

According to the report the national average price of a home is expected to rise to $325,000 by the end of 2010, a high, never before seen in Canada.

Shane Styles, Director of Sales for Sonoma Pines knows the sights of success. I can see all of the construction from my sales office, he explains with a smile. We have enjoyed a phenomenal year in spite of all the real estate reports. With over 80 construction workers and 43 homes currently under construction, Styles is pleased to be part of the real estate solution for home buyers in Kelowna either searching to downsize from their larger properties or first-time buyers wanting to take advantage of historically low mortgage rates.

We’re now selling Phase 7, explains Styles. This is an exceptional value of only 22 one-level townhomes wrapped around the fairways of Two Eagles Golf Course from $269,900. Introduced in 2003 by The Rykon Group, Sonoma Pines is an established development situated in the centre of West Kelowna in a relaxed golf course setting.

This is an established neighbourhood with over 250 happy home owners who enjoy low maintenance living in our distinctive Santa Fe style community.

Backed by the quality of Rykon Construction, Sonoma Pines has been proactive in today’s real estate market by creating win/win scenarios in every aspect of the development. I was onsite the other day showing buyers their home under construction when a tradesman approached me and asked to shake my hand, Styles recalls. He told me that he was grateful to have consistent work. We’ve worked hard with our trades people, our suppliers, our crews to deliver a quality product that is irresistible to buyers.

Sonoma Pines West Kelowna

A combination of single-family, multi-level and one-level townhomes offer buyers a variety of options when considering purchasing at Sonoma Pines. We encourage visitors to our Sales Centre to look around the Okanagan before making the commitment to become a resident here, explains Styles. There isn’t another development in the Okanagan that has the success we’re enjoying. Since January, 36 weeks ago, we’ve sold 47 homes that translates to 11% of all the townhome sales in the Okanagan more than 1 in 10 sales are attributed to us. That’s at least one new home sale every week. And we have less than 22 homes left to complete Phase 7.

The one-level townhomes have four distinct floorplans to choose from. With 9-10 vaulted ceilings, efficiently designed living spaces, 2 bedrooms/2 baths, a private patio, attached garage, and a selection of golf, mountain, or lake views the value from $269,900 is remarkable. I don’t know when prices in the Okanagan will ever be this affordable again, states Styles. This is the absolute best time to invest in a home.

Sonoma Pines interior

According to the Okanagan Mainline Real Estate Board (OMREB), the average townhome sales price in the Central Okanagan at the end of August was $346,197 compared to Sonoma Pines Phase 7 introductory offering from $269,900. I believe that prices will start creeping up in the spring as the economy is already starting to recover. People will be kicking themselves for waiting.

PLEASE CONTACT US FOR MORE INFORMATION

Striking a most impressive sight rising up from Brandts creek is the Skye highrise part of the Waterscapes development in downtown Kelowna.
The contemporary styled 26 storey residential tower we’ve been informed will be due for completion in early 2010.
The Waterscapes team recently held a “roof topping off” party to mark the latest construction phase.
With sleek glass and concrete design, expansive terraces and floor to ceiling windows, residents will have
some of the most incredible views in all of the Okanagan.

skye Waterscapes - real estate kelowna

A little bit of trivia: The Skye tower will be the tallest building between the lower mainland and Calgary.

The welcome mat will soon been placed at the door of West Kelowna’s newest luxury lakefront development. The Trasolini Chetner Construction and Development Group, will complete it’s Kelowna project, The Waterfront in June 2009.

Entering the development is by way of a vineyard which has been planted on 8 of the 12 acres by Quails Gate Winery. Once through the vineyard you’ll discover a private lakefront community consisting of 20, 4 bedroom townhomes located on the shores of Lake Okanagan.

While homeowners prepare to enjoy their first summer at Waterfront, as of May 31st, prospective homeowners will be able to view a fully outfitted Showhome.

The contemporary townhomes have stunning 30ft glass tower entrances, affording beautiful views of the lake, and for the boat owners a among you a premium boat deck with 1 slip per household……bring on the Okanagan summer.

Kelowna real estate

]]> http://www.kelownarealestatemag.com/the-waterfront-creates-a-big-splash-on-the-okanagan-lakefront/feed/ 7 http://www.kelownarealestatemag.com/green-light-for-south-pandosy-development/ http://www.kelownarealestatemag.com/green-light-for-south-pandosy-development/#comments Mon, 06 Apr 2009 23:22:06 +0000 Kelowna Real Estate http://www.kelownarealestatemag.com/2009/04/06/green-light-for-south-pandosy-development/

The Kelowna Real Estate market received a welcome boost this week as a new condo development was given the thumbs up by the City of Kelowna. The new building for the South Pandosy district would be a mix of retail, office and residential components.

The proposed six-storey development in the 500 block of Osprey Avenue was endorsed by the members of the city‘s advisory planning commission,“It‘s good to see projects like this still coming along for consideration,” APC chairman Barry Braden. “With everything that‘s going on in the economy, we were wondering what kind of year it was going to be for development. “Hopefully, something like this shows people have confidence in the future.” The proposed building, which city council must still approve, would have ground-floor commercial premises. Plans also show a five-storey office building on the site, as well as a four-storey condominium complex. “It‘s an urban-village concept, combining commercial, retail and residential aspects,” said Tim McLennan of CEI Architecture Planning, which is working on behalf of Dorion Developments. The project has been in the works for several years and will go forward despite the uncertain economy, though its construction, expected to start next year, may occur in phases.

South Pandosy in Kelowna has some wonderful real estate and is one my favorite parts of the city, it has a “village” feel to it with an enviable array of amenities and is situated conveniently alongside the the Okanagan Lake. There are also some other exciting condo developments in Pandosy community such as the new Caban development and a little further to the south the Playa Del Sol. A short distance is the now almost completed H2O Aquatic Centre which will add to the already excellent sporting facilities.

Waterscapes is the latest master planned residential development to be unveiled in Kelowna. Situated at Brandt’s Creek the former railway land will eventually accommodate luxury high rise condos and family homes. This resort like community is being developed by Ledingham McAllister. With a great location just on the fringes of the downtown core and minutes from Okanagan Lake Waterscapes is sure to be a wonderful place to work, rest and play. This part of the downtown will really benefit from the development with a new injection of life.

Waterscapes Kelowna

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The Madison is a upscale condominium development in the heart of downtown Kelowna. The architecture will be an eyecatching contemporary mix of glass, concrete and steel at the entrance to the cultural heart of Kelowna.

The suites will be a mix of classic and contemporary and will feature accesss to large outdoor living space

Madison new condo development Kelowna