OKANAGAN REAL ESTATE COMPANY

November 12, 2008 - New Kelowna Listings: 703 - 1160    Bernard Ave        $399,900   325 - 650    Lexington Dr        $545,000   372    Killarney Way        $400,000

Olympic Gold Medalist Ross Rebagliati to Take on New Role as a Father  

 

FOR IMMEDIATE RELEASE                                                                  November 18, 2008  

 

Kelowna, B.C. – First ever Olympic gold medalist in snowboarding, Ross Rebagliati, is expecting

New Kelowna Listings for Nov. 12, 2008: 110 - 688    Lequime Rd        $347,000   13296    Lake Hill Dr        $499,900   13276    Lake Hill Dr        $519,900   455     Glenwood Ave        $529,000

New Listings: 1979    Twin Ridge Court        $269,900   2031    Hidden Ridge Place          $297,000   2020    Stirling Place           $448,500

Reduced to $749,000!   In light of current market conditions, Sheerwater has reduced the price on Homesite 18 from $989,000 to $749,000. This property is "priced to sell" and is a reflection of our desire to provide more than fair market value.   For those of you who are interested, this water view homesite is 2.22 acres, features 180º views of Okanagan Lake, and includes access to a boat slip.

 

For more information contact:

Alexandra Rebagliati

Cell: 250.870.2792

Alexandra@theOREC.com

www.theOREC.com

 

New listings for Kelowna from Nov. 7, 2008: 2027    Derrickson Pl.        $399,000   3666    Benvoulin Rd       $525,000   4210    Ponderosa Dr.        $518,000   13127    Cliffstone Crt.        $1,245,000   13117    Cliffstone Crt.        $1,295,000   13093    Cliffstone Crt.        $1,395,000   201 - 547    Yates

New listings in the Okanagan for Nov. 3, 2008: 110 - 2085    Gordon Dr.       $169,000   621    Bechard Rd        $525,000   120 - 1156    Sunset Dr.        $995,000   4618     Ponderosa Dr.      Bachmann's   42 - 2365    Stillingfleet Rd        David J.   6026/5976     Hwy 97 S/Princess St        $5,500,000   1 - 860   

     Times are changing in our Mortgage Markets, but instead of dwelling on "then", home owners need to focus on and deal with "now".      In the past we saw discount off prime rate on new variable rate mortgages, but it will most likely take some time before we ever see a discount on a variable rate again. Also, given today's bond yields we would expect to see 5 year fixed rates around 4.00% instead of the approximate 5.50% we are currently looking at. Our rates may currently be taking some unusual turns, but moving forward rates are expected to stay somewhat stable through the last quarter. Analysts

I justed list 6 acres in Peachland right across from the water at 6026 Hwy 97 S. The property is zoned for an 100+ luxury condo unit development. It is listed for $5,500,000. All the permits are in place. Great location!

 

For more information contact:

Alexandra Rebagliati

Cell: 250.870.2792

Alexandra@theOREC.com

Ross Rebagliati wearing Roots for ET Canada photoshoot Check out the pics of Olympic Gold Medalist Ross Rebagliati wearing Roots!

Ross Rebagliati was the first ever to win an Olympic gold medal for the Men's Giant Slalom in Snowboarding at the 1998 Nagano Olympic Winter Games.

Ross is wearing the Shields Softshell Jacket - Herringbone and the Howe Sherpa Lined Hoody Jacket (click image for more details)