Insane actual property values ​​fear the Kelowna agent

In 20 years working as a real estate agent in Kelowna, Rick Hamer-Jackson has never seen anything like it.

“We have never seen the rapid price growth in the past two to three months,” he said.

We spoke to Hamer-Jackson outside a house he listed in the Glenmore area that has probably appreciated a hundred thousand dollars since late February.

“You could say that every house has grown by at least 100 grand in the past 60 to 90 days,” he said. “And who knows, it seems like we’re still moving in that direction, so we’ll see what happens for the rest of the year.”

<who> Photo credit: KelownaNow “src =” https://www.kelownanow.com/files/files/images/jacksons.jpg “style =” margin: 5px; “/> Hamer-Jackson is not a fan of the overheated market.</p>
<p>“It’s not just partying and high fives,” he said.  “It can be a tough market for people.” </p>
<p>A sale may feel like a godsend to sellers, but they get into bidding wars trying to secure their next home. </p>
<p>“There’s a lot to celebrate with what you get, but if you don’t move to a community where prices are cheaper, you have to buy into that market too,” said Hamer-Jackson.</p>
<p>He said it was a stressful situation, especially for families with children.  And it’s worrying when you consider the homeownership prospects children have when they grow up.</p>
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