Terraced Ranchers at Skaha Hills sell $12 million in one day

dHz Media Client Releases, Skaha Hills

Innovative new home design proves successful with buyers

Penticton, BC – Skaha Hills has knocked it out of the park again with it’s success in the launch of it’s Phase III. The Vistas, which offer a unique design and lifestyle concept in the Okanagan, are a hit, selling $12 million in one day and selling all 24 villas offered in this launch.

“An opportunity to have unobstructed views of Skaha Lake, on the hill for less than $500,000 is rare, and we thought people would like this design. The terraced ranchers are unique and highlight what buyers are looking for,” says Curt Jansen, Skaha Hills’ vice-president of sales and marketing. “The demand was there and the success of this innovative home design has exceeded our expectations.”

The Vistas feature “terraced rancher villas” built in the hillside vineyards with panoramic views of the Okanagan. The first 24 homes in phase three were sold on the first day of the Phase Three launch in July. It is unique in that it combines the best traits of a condo, a townhome and a rancher style home into one concept.

These large, luxury villas offer the low maintenance of a condo, the functionality of a townhome and enjoyable, private outdoor space more typical of a single-family home. (See photo below).

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Photo caption: A rendering of the deck space at Skaha Hills
Photo credit: Skaha Hills Development Corporation

In a limited release, two terraced rancher buildings with 12 homes each have been launched, with both selling out completely. More of the terraced rancher style buildings will be released within the year. At full build out, Phase III totals $48 million.

Other unique aspects of the terraced rancher style villas are that in addition to the views of the lakes and vineyards, the design features more than 500 square feet of private outdoor living space to complement the views and embrace the Okanagan’s sunny weather that features an average of 2000 hours of sunshine per year.

The terraced ranchers offer the convenience of a private garage. Having a personal garage enables storage of bikes, boats, and other toys. Whether it is a recreational property or a year round residence there is plenty of parking and storage.

PLAY Winery & Bistro, a $5.2 million hillside winery that opened earlier this month, is quickly becoming the go to place to wine and dine, while also functioning as a beautiful architectural entrance feature to the Skaha Hills community.

The success of Skaha Hills and PLAY winery is a credit to the Penticton Indian Band’s long-term vision to stimulate economic growth for the region through strategic partnerships with local businesses and the City of Penticton.  “We’re dedicated to growing the economy and providing jobs in the South Okanagan. We’re thrilled to be part of this vibrant economy, Penticton is a sought after destination and creating jobs attracts people and that’s a huge spinoff for many local businesses,” says Chief Jonathan Kruger of the Penticton Indian Band.

According to the Okanagan Real Estate Board (OREB), Residential sales in the Okanagan continue to be boom, with sales of 1263 units posted to the Multiple Listing Service (MLS®) in June, up 38 per cent from June of last year’s reports.

“We are thrilled about the success of Skaha Hills, as this is a great example of how a partnership between local developers, businesses and the Penticton Indian Band can work together to help strengthen our community’s economic development,” says Andrew Jakubeit, Mayor of Penticton.

Interested parties should register at www.skahahills.com to receive more information, including renderings, floor plans and video fly over.

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For Media Kit (backgrounders, fact sheet, and photos) click –here-
For more information on Skaha Hills see website – here
To download high resolution versions of photos in release click – here
To see a flyover video of Phase III homes, visit http://skahahills.com/vineyard-estates-at-skaha-hills/

Media Contact:

Scott Henderson

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403-921-2001 | Email

Skaha Hills www.skahahills.com

Skaha Hills is a $250 million master planned community located on the slopes of south Penticton area in British Columbia, 80 kilometers from Kelowna International Airport, 2 kilometers from the Penticton regional Airport and 393 kilometers from Vancouver. The community consists of up to 600 home sites to be developed over seven phases with amenities such as walking trails, golf, pools, fitness facilities, an estate winery and restaurant and beach access. The elevated site surrounded by protected lands ensures unobstructed views of the Penticton area, spanning from Okanagan Lake over Skaha Lake to Okanagan Falls.