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Real Estate Professional Gord Hoffman is one very focused individual. Whether he’s training in the ancient art of combat known as Wing Chun or putting together an action plan to meet his clients’ investment goals, it’s always with unshakable concentration.

Gord’s keen eye for detail and his background in construction help you determine both the value and potential of a property. He never loses focus on your goals and keeps you consistently informed throughout every step of the process. So if you’re interested in the sale or purchase of a home in the Kelowna area, contact the professional who is Always Sharply Focused on your needs. Call Gord Hoffman today.

Gord Hoffman is proudly serving the neighborhoods and communities of Kelowna.

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Pending

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$669,000

Beds
2
Baths
2

PENDING

Single Family

MLS® #10145341

RU7 zoned large lot in the downtown core! Nice 2 bedroom 2 bathroom character home with upgrades. Douglas fir floors, island kitchen with stainless steel appliances, partial basement, newer windows, gas furnace and hot water tank. Large deck, private fenced yard with detached double garage! It's a good one so act fast!
Pending

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$699,000

Beds
4
Baths
3

PENDING

Single Family

MLS® #10145344

Very attractive quality character home on a large lot in a quiet Kelowna South neighbourhood. Exceptionally private location yet close to all amenities and downtown. Unique as it borders Mill Creek on on the front and west side. Property is accessed over a City owned bridge that is only utilized for this property. Attractive floor plan with abundant natural light.…
Available

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$1,260,000

Beds
3
Baths
3

AVAILABLE

Single Family

MLS® #10142445

Enjoy the stunning Kalamalka Lake and mountain views from this 'like new' contemporary home in prestigious Coldstream neighbourhood. Loaded with quality finishings including elevator for easy access to all floors. Hardwood floors thruout. Open design to entertain. Great room and kitchen featuring dramatic 12 foot high ceiling, abundant natural light and plenty of WOW factor. Gourmet island kitchen with quartz…
Available

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$659,000

Beds
4
Baths
3

AVAILABLE

Single Family

MLS® #10138480

Beautifully updated 4 bedroom 2 1/2 bathroom family home featuring a professionally landscaped front yard and fully fenced back yard oasis with heated in-ground pool, hot-tub, relaxing waterfall, easy care underground irrigation and 2 storage sheds. The house features an island kitchen with granite counters, built-in appliances, gorgeous engineered hardwood floors, updated bathrooms, solid natural 'Alder' wood doors, vaulted ceilings,…
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$369,900

Beds
3
Baths
3

SOLD

Townhouse

MLS® #10138643

Quietly located 3 bedroom 3 bathroom townhouse in desirable Burtch Estates. Back yard faces south. Fireplace, central air, basement is partially finished featuring a large rec room but and could add a 4th bathroom and 4th bedroom. 2 decks, double carport, pets allowed with restrictions, rentals allowed and children welcome.
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$619,000

Beds
4
Baths
4

SOLD

Single Family

MLS® #10136287

Very attractive, well maintained 4 bedroom & den, 3.5 bathroom family home. Lovely layout with the main floor featuring a spacious oak kitchen complete with stainless steel appliances, Corian counter-tops, bright casual eating nook open to the large family room, spacious formal dining room & living room with high ceilings & gas fireplace. Main floor den, laundry/mud room and 2…
Sold

Courtesy Of
Marki Hoffman Of Sutton-Hymark Realty

$695,000

Beds
4
Baths
3

SOLD

Single Family

MLS® #10135838

Attractive 2 story, 7 year old home featuring 9 foot ceilings and 2 bedrooms on the main including the deluxe master bedroom! 2 large bedrooms up with shared Jack and Jill 5 piece bathroom. Full unfinished daylight walkout basement (ideal set up for a 1 or 2 bedroom legal suite or whatever your needs are). Easily add 2 or 3…
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$679,900

Beds
3
Baths
4

SOLD

Rancher with Basemen

MLS® #10135674`

Desirable Hall Road neighbourhood! Attractive rancher with walkout basement. 4 bedrooms, 3 bathrooms with open design! Updates include: newer 50 year roof, vinyl windows, furnace, heat pump, bamboo flooring, en suite bathroom off master suite and more. Enjoy the large screened in deck off the kitchen. 2 fireplaces - one gas and one wood burning. Rec and family room down.…
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$249,900

Beds
2
Baths
2

SOLD

Apartment

MLS® #10131538

Desirable top floor corner suite 'South West' facing with 2 bedrooms and 2 bathrooms. Master bedroom with 3 piece en suite. 2nd bedroom with door to 2nd bathroom. Good condition. Includes 5 appliances. Large deck. Rentals allowed and no age restrictions. No pets allowed. 2 side by side parking stalls. Walk to Safeway, Superstore, Canadian Tire, bus, Mission Creek Greenway…
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$699,000

Beds
3
Baths
3

SOLD

Rancher with Basemen

MLS® #10133031

Very attractive 'custom designed' view rancher with daylight walkout basement. Located in highly desirable South East Kelowna neighbourhood 'Eastwood Estates' next to Gallaghers Canyon Golf Course. Quiet and safe cul de sac. Large .39 acre lot with gardens and berry bushes. Nice view of valley, mountains and Okanagan Lake in the distance. You will love it! Main floor features a…
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$550,000

Beds
3
Baths
3

SOLD

Townhouse

MLS® #10131153

Deerhurst Estates at University Village! Taruca floor plan, interior unit! Large, brand new 3 bedroom and den, 2.5 bathroom townhome with spectacular valley, city and mountain views of Kelowna. Located at the crown of University Village perfectly situated with Kelowna on one side and the fast growing UBC on the other. Kilometers of Ponderosa hiking and biking trails outside your…
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$550,000

Beds
3
Baths
3

SOLD

Townhouse

MLS® #10131222

Deerhurst Estates at University Village! SIKA floor plan, interior unit! Large, brand new 3 bedroom and den, 2.5 bathroom townhome with spectacular valley, city and mountain views of Kelowna. Located at the crown of University Village perfectly situated with Kelowna on one side and the fast growing UBC on the other. Kilometers of Ponderosa hiking and biking trails outside your…
Sold

Courtesy Of
Gordon Hoffman Of Sutton-Hymark Realty

$565,000

Beds
3
Baths
3

SOLD

Townhouse

MLS® #10131225

Deerhurst Estates at University Village! New SAMBAR floor plan - desirable end unit. Large 3 bedroom and den, 2.5 bathroom townhome with spectacular valley, city and mountain views of Kelowna. Located at the crown of University Village perfectly situated with Kelowna on one side and the fast growing UBC on the other. Kilometers of Ponderosa hiking and biking trails outside…
Sold

Courtesy Of
Estatevue Platform Of Sutton-Hymark Realty

$137,900

Beds
2
Baths
2

SOLD

Mobile

MLS® #10131043

Nice 2 bedroom 2 bathroom manufactured home in the age 55+ adult section of the park. Open design, Large kitchen with newer appliances, laundry with new washer and dryer, newer laminate floors, comfy gas stove in great room, bedrooms split at each end, master with large en suite. covered deck with workshop/storage, shed, quiet area. Act fast. Possession can be…
Sold

Courtesy Of
Marki Hoffman Of Sutton-Hymark Realty

$225,000

Beds
1
Baths
1

SOLD

Apartment

MLS® #10128986

INVESTORS! Glenmore condo close to the university! This bright 1 bedroom unit has a modern, open concept layout. Other features include a spacious den, a cheater ensuite, laminate and tile flooring, kitchen island, stainless steel appliances and a west facing balcony with large sliding glass doors for plenty of sunlight. Secure underground parking. Close to transit. Original owners! Rentals allowed.…


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Canadian home sales edge lower but remain strong in July

Canadian home sales edge lower but remain strong in July

Fri, 08/14/2015 – 09:00

Ottawa, ON, August 14, 2015 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in July 2015.

Highlights:

•       National home sales edged back by 0.4% from June to July.

•       Actual (not seasonally adjusted) activity stood 3.4% above July 2014 levels.

•       The number of newly listed homes edged up 0.2 per cent from June to July.

•       The Canadian housing market remains balanced overall.

•       The MLS® Home Price Index (HPI) rose 5.9% year-over-year in July.

•       The national average sale price rose 8.9% on a year-over-year basis in July; excluding Greater Vancouver and Greater Toronto, it increased by 4.1%.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations declined by 0.4 per cent in July 2015 compared to June. While this marks the second consecutive monthly decline in activity, sales activity in May, June and July reached their highest monthly levels in more than five years. 

July sales were down from the previous month in about half of all local markets, led by declines in Hamilton-Burlington and in the Durham Region of the greater Toronto Area (GTA). The monthly decline in sales for these two markets represents a pullback from record levels in June and likely reflects an insufficient supply of listings. By contrast, sales in Newfoundland and Labrador were up most on a month-over-month basis, marking a rebound from a quiet month of June for the province.

“National sales activity remains solid, fuelled by strength in British Columbia and the Greater Toronto Area, where listings are in short supply or trending that way,” said CREA President Pauline Aunger. “That said, markets elsewhere across Canada are largely well balanced and in some cases have an ample supply of listings. As always, all real estate is local and REALTORS® remain your best source for information about sales and listings where you live or might like to in the future.”

“It’s fair to say that the strength of national sales is still a story about two cities, but it’s equally about how trends there are spreading out in their respective provinces,” said Gregory Klump, CREA’s Chief Economist. “Trends in British Columbia and Ontario have a big influence on the national figures, since they account for about 60 per cent of national housing activity. As a result, the national picture reflects how demand is running high for the short supply of single family homes in and around the GTA while the balance between supply and demand is tightening in B.C.’s Lower Mainland. These remain the only places in Canada where home prices are growing strongly.”

Actual (not seasonally adjusted) activity in July 2015 came in 3.4 per cent ahead of the same month last year, and marked the second highest July sales figure on record after 2009. Activity stood 12.6 per cent above the 10-year average for July.

Actual (not seasonally adjusted) sales were up from year-ago levels in just over half of all local markets, led by the Lower Mainland region of British Columbia and the GTA. While Calgary continued to post the largest year-over-year declines in sales compared to last year’s record levels, activity there is nonetheless running roughly in line with five and 10-year averages for sales during the month of July.

The number of newly listed homes was little changed (+0.2 per cent) in July compared to June, marking the fourth consecutive month in which new listings have held steady. New supply was up in a little more than half of all local markets, led by rebounds in Calgary and Edmonton which offset a small step down in the GTA.

The national sales-to-new listings ratio was 56.8 per cent in July, down slightly from 57.1 per cent in June. The measure has closely tracked the trend for sales this year as new supply has remained stable.

A sales-to-new listings ratio between 40 and 60 per cent is generally consistent with balanced housing market conditions, with readings above and below this range indicating sellers’ and buyers’ markets, respectively.

The ratio was within this range in about half of local housing markets in July. About one-third of all local markets breached the 60 per cent threshold in July, comprised mostly of markets in British Columbia together with those in and around the Greater Toronto Area.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity.

There were 5.6 months of inventory on a national basis at the end of July 2015, unchanged from the previous two months and a three-year low for the measure. The national balance between supply and demand has tightened since the beginning of the year as rising sales have drawn down on overall supply.

The Aggregate Composite MLS® HPI rose by 5.90 per cent on a year-over-year basis in July, accelerating from the 5.43 per cent year-over-year gain in June. Gains over the past year and a half had been holding steady within a range of about five and five and a half per cent. 

Year-over-year price growth picked up in July for all Benchmark home types tracked by the index. Two-storey single family homes continued to post the biggest year-over-year price gains (+8.16 per cent), with comparatively more modest increases for one-storey single family homes

(+4.88 per cent), townhouse/row units (+4.49 per cent) and apartment units (+2.96 per cent).

Year-over-year price growth varied among housing markets tracked by the index. Greater Vancouver (+11.23 per cent) and Greater Toronto (+9.39 per cent) continue to post by far the biggest year-over-year price increases. By comparison, year-over-year price growth in the Fraser Valley accelerated to about six per cent, while Victoria and Vancouver Island prices continued to log year-over-year gains of about four per cent in July.

Price gains in Calgary continued to slow, with a year-over-year increase of just 0.14 per cent in July. This was the smallest gain in nearly four years, with July’s reading down about 0.7% from the peak reached in November 2014 and up by about an equal percentage compared to the recent low point reached in April 2015. Prices continued running roughly even with year-ago levels in Saskatoon.

Elsewhere, home prices were up from July 2014 levels by just under two per cent in Greater Montreal and by just under one per cent in Ottawa. By comparison, prices fell by about three and a half per cent in Regina and by about one and a half per cent in Greater Moncton.

The MLS® Home Price Index (MLS® HPI) provides a better gauge of price trends than is possible using averages because it is not affected by changes in the mix of sales activity the way that average price is.

The actual (not seasonally adjusted) national average price for homes sold in July 2015 was $437,699, up 8.9 per cent on a year-over-year basis.

The national average home price continues to be upwardly distorted by sales activity in Greater Vancouver and Greater Toronto, which are among Canada’s most active and expensive housing markets. If these two markets are excluded from calculations, the average is a more modest $341,438 and the year-over-year gain is reduced to 4.1 per cent.

– 30 –

PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS® Systems from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 109,000 REALTORS® working through some 90 real estate Boards and Associations.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:

Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: pleduc@crea.ca