National real estate data provider Point2homes.ca compiled a list of the most expensive properties in the valley. The expansive retreat that topped the list is listed with Jane Hoffman Group.

The home located at 8888 Lakeshore Road is a spectacular estate that is garnering media attention.

Lora Proskiw, realtor and vice-president of marketing with Hoffman, says multimillion-dollar homes are not so unusual in the Kelowna area anymore. In fact, of the top 12 homes ranked by Point2, 10 of them are listed by their group.

“It takes time to sell these properties because, of course, the pool of buyers is quite narrow,” said Proskiw.

“Often times, they will come and visit Kelowna and have a tour with us. They are not just coming for a home, they are looking for higher education for their children, world-class, low-cost health care. It’s not just about real estate.”

Proskiw said the high calibre of construction, tradespeople and setting all contribute to help put the Central Okanagan on the international map for luxury home seekers.

“We compete on the international market and have the calibre of properties that are attracting these buyers to the Okanagan.

Proskiw said her office’s success in the high-end market has propelled Hoffman to Coldwell Banker’s No. 1 performing realtor position in Canada and No. 6 in all of North America.

Read the story on Castanet.net

Read the story in The National Post

What makes a home in the Okanagan worth just under $20 million? View the listing and gallery.