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The HOLM Stretch | May 10th, 2024

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...

May 9 5 minutes read



Thanks for stopping by.

The legendary service of The Ritz-Carlton Residences is coming to Predator Ridge! 

This is big news because the project will mark the first world-class luxury brand to enter the Okanagan region and the first Ritz-Carlton standalone branded residential development in Canada. 

Read more on Castanet!

 Check out what's happening in real estate and our local communities as well as our regular features. 

Talk soon,

Chris, Patric, Julie, Jasmine, Kristie & Brell



 

In North Okanagan Real Estate

As of the morning of Friday May 10th, there are 915 homes showing as active listings here in North Okanagan. On May 3,  there were 896homes active.

Sales ranged from $360,000. to $3,200,000. Days to sell ranged from 7 to 223. 6 listings expired, 8 were cancelled.

30 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.

$360,000.

Low Sale

43

New Listings

$3,200,000.

High Sale

16

Listings Sold

COMING SOON

 

 

JUST LISTED

 

 

 


ICYMI...

PICKS OF THE WEEK

WHAT'S HAPPENING?


       

What's Happening In & Around Vernon


WHAT ELSE WE ARE TALKING ABOUT


According to a recent Bank of Montreal survey, a significant 72% of potential homebuyers are planning to delay their purchases until interest rates fall.

This shift in buyer sentiment suggests a more cautious market, possibly impacting demand and timing for sellers.

Despite the buyers' wait-and-see approach, there's a silver lining.

The same survey found that 85% of these potential home buyers feel they are making real strides towards their homebuying goals, even amidst some financial anxiety and concerns about costs and climate-related issues.

As we anticipate interest rate adjustments later this year, understanding these trends can help you strategically position your home sale for success.

Reach out and letโ€™s discuss how you can leverage this information to maximize your opportunities if you area considering making a move in the current market.

ALL ABOUT THE STATS

๐Ÿ’ฅ ๐—ช๐—ฒ'๐˜ƒ๐—ฒ ๐—ด๐—ผ๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐˜‚๐—ฝ-๐˜๐—ผ-๐—ฑ๐—ฎ๐˜๐—ฒ ๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—ข๐—ธ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฎ๐—ป ๐—ฅ๐—ฒ๐—ฎ๐—น ๐—˜๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐—ฆ๐˜๐—ฎ๐˜๐˜€

We're seeing a significant increase in the number of listings coming to the local market - which means more competition if you're a home seller. It's really important to showcase your home by working with a professional real estate team that goes above and beyond to prepare and market your home.

On the buyer's side, steady benchmark housing prices paired with a few recent interest rate holds have increased competition - and the support and strategic negotiations of a trusted real estate team can be the difference between winning and losing the house of your dreams.

 READ MORE...

 

๐™Œ๐™ช๐™š๐™จ๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™–๐™—๐™ค๐™ช๐™ฉ ๐™ฉ๐™๐™š ๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™ฉ ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ ๐™–๐™ฃ๐™™ ๐™ฌ๐™๐™š๐™ง๐™š ๐™ž๐™ฉ'๐™จ ๐™๐™š๐™–๐™™๐™š๐™™? ๐™’๐™š'๐™ง๐™š ๐™๐™š๐™ง๐™š ๐™ฉ๐™ค ๐™๐™š๐™ก๐™ฅ!





MAKING TRACKS


 


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

4

New Listings

1

Listings Sold

0

Price Up

7

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

25

New Listings

11

Listings Sold

0

Price Up

17

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

8

New Listings

2

Listings Sold

0

Price Up

2

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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