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The HOLM Stretch | MAY 12, 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...

May 11 8 minutes read

Thanks for joining us!

Did you know

May is officially recognized as Asian Heritage Month in Canada. Asian Heritage Month offers us an opportunity to learn more about the history of Canadians of Asian heritage and to recognize the struggles and challenges faced by Canadians of Asian descent, including racism, discrimination, and xenophobia. It is also an opportunity to celebrate their diverse contributions to our soceity.

Over the last two centuries, immigrants have journeyed to Canada from East Asia, Southern Asia, Western, Central and Southeast Asia, bringing our society a rich cultural heritage representing many languages, ethnicities and religious traditions. Asian Canadian Cultures in Canada Include:

  • East Asia: China, Japan, Korea, Mongolia, Taiwan

  • South East Asia: Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, East Timor, Vietnam

  • South Asia: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka

  • Western Asia: Armenia, Azerbaijan, Bahrain, Cyprus, Georgia, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, State of Palestine, Syria, Turkey, United Arab Emirates, Yemen

  • Central Asia: Afghanistan, Kazakhstan, Turkmenistan, Uzbekistan, Tajikistan

We invite you to explore the following resources from the University of British Columbia to learn more about the history and contributions of Canadians of Asian Heritage at https://redi.med.ubc.ca/asian-heritage-month-2023/ 


Of course, our regular features are also below along with the mid month Stats Update.

Talk soon,

Chris, Patric, Julie, Jasmine, Kristie & Brell

WE LOVE OUR MOM'S

In North Okanagan Real Estate

As of the morning of Friday, May 12  , there are 895 properties  showing as active listings here in North Okanagan. On May 5,  there were 885 properties active.

Sales ranged from $100,000. to $2,300,000 and on average properties were active for 72 days before posting as sold. 

39 prices were reduced & 2 increased over the last week. 

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

$100,000.

Low Sale

85

New Listings

$2,300,000.

High Sale

50

Listings Sold

JUST LISTED

 

Vernon BC Real Estate | 6457 Rimer Road

Vernon BC Real Estate | 6457 Rimer Road

We are working hard to bring this Vernon BC home to the MLS® by Friday....

READ MORE

 

Armstrong BC Real Estate | 4140 Highland Park Drive

Armstrong BC Real Estate | 4140 Highland Park Drive

Come inside 4140 Highland Park Drive. 3 Bedrooms 2 baths on .18 acre lot, minutes from dow...

READ MORE

 

Armstrong BC Real Estate | 3340 Upper McLeod Road

Armstrong BC Real Estate | 3340 Upper McLeod Road

Welcome to 3340 Upper McLeod Road! Check out this 4 bedroom 2 bath home on .24 acres just ...

READ MORE

 

Falkland BC Real Estate | 5842 Jen-Shari Place

Falkland BC Real Estate | 5842 Jen-Shari Place

Falkland Home with 3 bedrooms, 2 Baths on .3 Acre lot...

READ MORE

 

JUST SOLD

Salmon Arm Real Estate | 3200 20th Street NE

Salmon Arm Real Estate | 3200 20th Street NE

SOLD!! Fabulous home inn NE Salmon Arm with 6 bedrooms and 6 baths for sale....

READ MORE

 

Armstrong BC Real Estate | 2525 Jarvis Street # 3

Armstrong BC Real Estate | 2525 Jarvis Street # 3

SOLD!! Like new 3 bedroom 3 bath home Home in Armstrong BC...

READ MORE

 

ICYMI...

WHAT'S HAPPENING?


       

What's Happening Now to MAY 12, 2022


WHAT ELSE WE ARE TALKING ABOUT


ALL ABOUT THE STATS


APRIL North Okanagan Real Estate Report 2023

APRIL North Okanagan Real Estate Report 2023

Your April 2023 real estate update inclusive of year-over-year sales stats, current benchm...

READ MORE

 

PROVINCIALLY SPEAKING

Lack of Inventory Creating Tighter Market Conditions Across BC

Vancouver, BC – May 11, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 7,427 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2023, a decrease of 17.7 per cent from April 2022. The average MLS® residential price in BC was 995,506 down 5.6 per cent compared to the average price of close to $1.1 million in April 2022. The total sales dollar volume was $7.4 billion, representing a 22.5 per cent decrease from the same time last year.
“BC home sales have now risen for three consecutive months, but that recovery in sales has not been matched by listings which continue to fall well below normal levels,” said BCREA Chief Economist Brendon Ogmundson. “As a result, average prices across the province are once again rising, recovering much of the decline since prices peaked early last year.”

Average home prices, while still down year-over-year, are rising on a monthly basis in most markets. The average price in BC has now risen for three consecutive months and is up over 9 per cent since the start of 2023.
 
Year-to-date, BC residential sales dollar volume was down 44.1 per cent to $21.4 billion, compared with the same period in 2022. Residential unit sales were down 37.1 per cent to 22,417 units, while the average MLS® residential price was down 11.2 per cent to $954,984.
 


HEADS UP!


FOXTROT YOUR WAY TO THE PARTY OF THE YEAR


Tickets for the Caetani Great Gatsby Splash are now on sale. 

Dress up in your best flapper or dapper outfit and get ready for an evening of fun as we head back to the Roaring 20s when the Caetani family first arrived in Vernon from Italy.
Gates open for our outdoor garden party extravaganza
Saturday, June 24 at 4 p.m. at the Caetani Centre.
Enjoy cocktail hour with Okanagan Spirits, live entertainment by the Voix du Coeur emsemble, a scrumptious catered dinner buffet, our live auction led by art auctioneer extraordinaire Paul Bielby, and much more!

 

You don't want to miss it... Get your tickets at the Ticket Seller today!

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

8

New Listings

6

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

52

New Listings

29

Listings Sold

1

Price Up

24

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

6

New Listings

5

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.

Let's Chat!

Great People Don't Work Alone

Chris Holm
Personal Real Estate Corporation
Patric Tremblay
REALTOR®
Julie Lutz
REALTOR®
Jasmine Hall
REALTOR®
Kristi Boe
Office Manager
Brenda Ellis
unREALtor
Chris Holm & Associates
Decidedly Different

What Happened Previously

The HOLM Stretch | December 6, 2024
The HOLM Stretch | November 29, 2024
The HOLM Stretch | November 22, 2024
The HOLM Stretch | November 15, 2024
View All

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