January North Okanagan Real Estate Report 2024
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The HOLM Stretch | July 14, 2023

Chris Holm & Associates

We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan.  We are a true real estate co...

We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan.  We are a true real estate co...

Jul 13 5 minutes read

Thanks for stopping by!

How are things in your world? Real Estate continues to keep us hopping. The weather, it seems is changeable, but just in case the heat returns we'd like to share this link  from "The Sheriff" writing now for Castanet about Ways to Stay Cool


It's time for our Mid Month Stat review - so you'll find those updates below, along with our regular features. 

Heads up - it is time for Armstrong to rock out, with its annual (again after COVID) Metal Fest.


Talk soon,

Chris, Patric, Julie, Jasmine, Kristie & Brell

Pssst... Across Canada....

35% of recent first-time home buyers say they received financial assistance in a lump sum payment from their parents or relatives toward the purchase of a home. (Source: Royal LePage)




In North Okanagan Real Estate

As of the morning of Friday, July 14, there are 977 properties showing as active listings here in North Okanagan. On July 7,  there were 975 properties active.

Sales ranged from $130,000. to $1,604,000 and on average properties were active for 54 days before posting as sold. 

40 prices were reduced over the last week.

Scroll down for our market recap for Vernon, Armstrong, and Coldstream real estate activity in the last 7 days.

$82,000.

Low Sale

60

New Listings

$2,100,000.

High Sale

31

Listings Sold

COMING SOON

 

JUST LISTED

 

ICYMI...

WHAT'S HAPPENING?


       

What's Happening Now to July 21 , 2023


WHAT ELSE WE ARE TALKING ABOUT


 

Provincially Speaking- Strong Start to the Summer, But Higher Interest
Rates Loom

Vancouver, BC – July 13, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 8,740 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in June 2023, an increase of 21.9 per cent from June 2022. The average MLS® residential price in BC was $991,648, up 4.7 per cent compared to June 2022. The total sales dollar volume was $8.7 billion, representing a 27.6 per cent increase from the same time last year.
“June home sales continued to outperform expectations, following a very strong rebound in May,” said BCREA Chief Economist Brendon Ogmundson. “However, rising interest rates will likely dampen home sales activity in coming months.”

Active listings in the province were above 30,000 units for the first time since September 2022, but were still down 1.2 per cent compared to this time last year, and essentially flat month-over-month on a seasonally adjusted basis.
 
Year-to-date BC residential sales dollar volume was down 26.1 per cent to $39.4 billion, compared with the same period in 2022. Residential unit sales were down 21.1 per cent to 40,381 units, while the average MLS® residential price was down 6.4 per cent to $976,885.
 

WEEKLY REAL ESTATE REPORT


Armstrong BC Real Estate Recap

A look at Armstrong Spallumcheen Market Activity for the last 7 days.

New Listings  Just Sold  Active Listings

2

New Listings

1

Listings Sold

0

Price Up

4

Price Down

Vernon BC Real Estate Recap

A look at the Vernon market activity in the  last 7 days

New Listings  Just Sold  Active Listings

41

New Listings

22

Listings Sold

0

Price Up

26

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

5

New Listings

8

Listings Sold

0

Price Up

4

Price Down


Whether a purchase or sale is in the future (near or far) or you just want to know what's going in real estate anywhere in the Okanagan Shuswap, we'd love to hear from you.

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