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The HOLM Stretch | May 24th, 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 23 5 minutes read

Thanks for stopping by.


Waiting for home prices to drop? Read this ⬇️

This spring, we've seen a noticeable shift: more sellers are re-entering the market, particularly in Vancouver, Toronto, and Montreal.

But while the number of homes for sale is going up, the buying activity hasn't picked up at the same pace.

Despite the increase in listings, Robert Hogue from RBC highlights that buyers are still facing challenges—namely the high interest rates that continue to limit affordability.

This situation creates a unique market dynamic.

Prices are slightly increasing, but the overall sales volume remains lower than usual.

And according to Hogue, we might not see a significant market recovery until we experience substantial rate cuts, projected to start later this year.

We understand that buying or selling a home can be a complex and stressful process, especially in today's ever-changing market.

Whether you have concerns or questions about the current market conditions, or simply need advice on how to make the best decisions for your unique situation, We are here to help.

 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 17th, there are 955 homes showing as active listings here in North Okanagan. On May 17,  there were 958 homes active.

Sales ranged from $195,000. to $1,447,000. Days to sell ranged from 2 to 121. 1 listing expired, 15 were cancelled.

42 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.

$179,900.

Low Sale

38

New Listings

$1,485,000.

High Sale

34

Listings Sold

JUST LISTED

 

 

 

JUST SOLD

 

 

 

ICYMI...

PICKS OF THE WEEK

WHAT'S HAPPENING?


       

What's Happening In & Around Vernon

WHAT ELSE WE ARE TALKING ABOUT

List your home in early June for a $15,100 boost.

If you're eyeing a move, you might want to know about the early June edge.

Our latest blog post lifts the lid on why homes listed during this time frame typically command a higher price in the market.

How much higher?

According to a recent study, listing your property in early June = a 2.3% boost in price. That’s $15,100 for the average Canadian home—(but try doing the math on your actual home value.)

Ready for the details?


 P.S. Thinking about listing your home for sale? Reach out with your biggest question.



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

3

New Listings

7

Listings Sold

0

Price Up

3

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

22

Listings Sold

0

Price Up

28

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

4

New Listings

2

Listings Sold

0

Price Up

5

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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