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...
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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
Armstrong BC Real Estate | 3101 Highland Park Avenue
Check out this 5 bed 3 bath home in Armstrong, B...
Vernon BC Real Estate | 4111 27th Avenue
Check out this 3 bed 2 bath home with flexible RM2 Zoning....
Vernon BC Real Estate | 6111 Bella Vista Road
Explore this 2 bedroom 2 bath home on .4 acre lot for sale in Bella Vista Vernon, BC...
JUST SOLD
Armstrong Real Estate 2072 Okanagan Street
SOLD!! Armstrong Real Estate Must see Rancher for sale in Armstrong! 3 Bedrooms, 2 baths, ...
Armstrong BC Real Estate | 4261 Poplar Drive
SOLD!! Check out this 4 bedroom 3 bath home in Armstrong BC...
Armstrong BC Real Estate | 3010 Becker Street
SOLD!! Check out this 4 Bedroom 2 bath home in Armstrong on .25acre lot! Must See....
ICYMI...
PICKS OF THE WEEK
WHAT'S HAPPENING?
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?
It's True: Home's Listed in June Sell for More
Homes listed for sale in early June sell for higher prices. Here's why. ...
P.S. Thinking about listing your home for sale? Reach out with your biggest question.
MAKING TRACKS
Skaha Lake Loop a popular ride for cyclists in South Okanagan - Making Tracks
The series on introductory trails continues this week with the Skaha Lake Loop, between Pe...
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
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
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
4
New Listings
2
Listings Sold
0
Price Up
5
Price Down