The HOLM Stretch | May 31th, 2024
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THE MARKET IS A ROLLER COASTER
If you’re feeling overwhelmed by all the twists and turns in the market, you’re not alone.
With so many narratives about the market, it helps to look at the actual data.
In April, the number of properties available in Canada for sale surged by 6.5%, marking one of the largest monthly gains on record.
This increase has brought the total inventory to its highest level since before the pandemic.
But on the flip side, home sales fell by 1.7%, and prices remained flat at $719,400.
High interest rates are keeping buyers on the sidelines, despite the increase in inventory.
So, what’s next for the market? We’re about to find out.
As always, we're here if you have any questions.
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 31, there are 983 homes showing as active listings here in North Okanagan. On May 24, there were 955 homes active.
Sales ranged from $205,000. to $2,569,000. Days to sell ranged from 7to 338. 5 listings expired, 10 were cancelled.
32 prices were reduced over the last week. 1 price increased.
Scroll down for our market recap for Vernon, Armstrong, and Coldstream real estate activity in the last 7 days.
$205,000.
Low Sale
45
New Listings
$2,569,000.
High Sale
20
Listings Sold
JUST LISTED
Enderby BC Real Estate | 1291 Mallory road
Explore this Enderby real estate opportunity. 20+ Acres and home....
Armstrong BC Real Estate | 2451 Okanagan Street
Discover this extraordinary Armstrong real estate opportunity. Home, shop, flat land!...
Vernon BC Real Estate | 1400 14th Avenue #48
Explore this 2 bedroom 2 bath rancher in East Hill Vernon, BC...
Armstrong BC Real Estate | 3424 Springview Place
Explore this 6 bed 3 bath home on large flat lot with a detached shop!...
JUST SOLD
Armstrong BC Real Estate | 3965 Schubert Road
SOLD!! Get all the details on this Armstrong home here....
ICYMI...
PICKS OF THE WEEK
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
Unlock the secrets to snagging the best mortgage rate in our local real estate market.
Thinking about buying or refinancing?
Our latest blog post demystifies the process of getting a mortgage—and a good deal.
This is essential reading for both first-time buyers and seasoned homeowners.
Ready to take a decisive step towards savvy homeownership?
How to Get a Mortgage (and the Lowest Possible Rate)
Learn how to navigate the mortgage process efficiently and secure the lowest possible inte...
P.S. Still have questions? Reach out to get contact info for our trusted lending partners.
MAKING TRACKS
Kalamalka Lake rail trail delights - Making Tracks
The north portion of the Okanagan Rail Trail is the ultimate valley trail for many reasons...
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
4
New Listings
1
Listings Sold
1
Price Up
2
Price Down
Vernon BC Real Estate Recap
A look at the Vernon market activity in the last 7 days
29
New Listings
13
Listings Sold
0
Price Up
23
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
3
New Listings
4
Listings Sold
0
Price Up
3
Price Down