January North Okanagan Real Estate Report 2024
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The HOLM Stretch | November 17th, 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...

Nov 16 8 minutes read

And Just Like That, 


We find ourselves in the second half of November. As anyone who follows Okanagan Shuswap real estate trends knows, the height of the market is behind us for 2023. That said, one of our listings went into Multiple offers for a BACK Up position last week! So ... things are indeed happening - and our Silversage sellers are starting to pack!

Scroll down to 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

Pssst... Across Canada...




In North Okanagan Real Estate

As of the morning of Friday, November 17 there are  939 properties showing as active listings here in North Okanagan. On November 10th ,  there were 970 properties active.

Sales ranged from $135,000. to $1,920,000. and on average properties were active for 60 days before posting as sold. 

42 prices were reduced over the last week, 2 increased.

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

$135,000.

Low Sale

45

New Listings

$1,920,000.

High Sale

35

Listings Sold

JUST LISTED

 

JUST SOLD

 

ICYMI...

✨Embrace the cozy vibes and winterize your home! ❄️  


Prepare your sanctuary for the chilly season with these essential tips to keep it warm, safe, and stylish:

1️⃣ Check your heating system: Schedule a professional inspection to ensure your furnace or heat pump is functioning optimally. Replace filters regularly to maintain clean and efficient heat flow.

2️⃣ Inspect doors and windows: Seal any gaps or cracks with weatherstripping to prevent drafts and heat loss. Don't forget to use draft stoppers at the bottom of doors to keep the cold air out!

3️⃣ Reverse ceiling fans: Switch your fan's direction to clockwise to redistribute warm air trapped near the ceiling, enhancing overall heating efficiency.

4️⃣ Protect pipes from freezing: Insulate exposed pipes and disconnect outdoor hoses to prevent frozen pipes and costly repairs. Let faucets drip in extremely cold weather to release pressure.

5️⃣ Clean gutters and downspouts: Remove leaves and debris to prevent ice dams and water backup. Ensure proper drainage to avoid potential water damage to your home.

6️⃣ Store outdoor furniture and garden tools: Safely stow away patio furniture, grills, and gardening equipment in a dry and secure place to preserve their longevity.

7️⃣ Stock up on winter essentials: Keep your home cozy by stocking up on blankets, extra bedding, and cold-weather accessories, like thick curtains or thermal drapes, to keep the heat in.

Winterize your home, stay warm, and make your winter season a delightful one! 

WHAT'S HAPPENING?


       

What's Happening Now to November 24th , 2023


WHAT ELSE WE ARE TALKING ABOUT


Unlock your home’s signature style for the holiday season.

Don't know what your home's signature style is?


Let’s figure it out.


From Art Deco to Bohemian, Coastal to Country, our latest post explores 12 unique interior design styles. We help you identify your home’s signature look and give you expert holiday decoration tips to match.


Don’t miss this one.

 P.S. Well-designed homes sell for more. If you’re thinking about selling your home in the coming months, reach out, we're here to help.

MORE STATS

BC Markets Finding Balance at Low Levels of Activity

Vancouver, BC – November 14, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 5,373 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in October 2023, an increase of 1.8 per cent from October 2022. The average MLS® residential price in BC was $968,786 up 4.1 per cent compared to October 2022. The total sales dollar volume was $5.2 billion, representing a 6 per cent increase from the same time last year.
“Home sales have slowed as expected given high borrowing costs and a punishing stress test,” said BCREA Chief Economist Brendon Ogmundson. “However, the inventory of homes for sale remains quite low, despite a modest uptick in new listings. Consequently, markets have found balance, though at a very low level of activity.”
 
On a seasonally adjusted basis, active listings in the province have increased for the fifth consecutive month, but still remain low by historical standards and fall short of what is typically required for a sustainable market balance in the long term.
 
Year-to-date BC residential sales dollar volume was down 13.6 per cent to $63.1 billion, compared with the same period in 2022. Residential unit sales were down 105 per cent to 64,936 units, while the average MLS® residential price was down 3.4 per cent to $971,802.
 
 



Multi-million dollar infrastructure investment at Big White Ski Resort

 JP Squire is back from vacation and we are happy to feature his" Making Tracks" highlights.

This is the Second in a multi-part series on what is new and different at the 12 downhill ski resorts and cross-country ski areas in 

BIG WHITE

Big White Ski Resort was a hive of activity during the off-season, both for infrastructure and for private developments. A construction crew used a drill rig to place ground anchors in preparation for the foundation and parkade of a new 60-unit building called The View, above.

"This year, we've taken significant strides to address new resort upgrades and areas that need further development,” said senior vice-president Michael J. Ballingall as he prepared for a Nov. 23 season launch. “According to the Kootenay Boundary Regional District, $100 million is being invested around the mountain in vital infrastructure, road upgrades, staff accommodation and private homes and condominium development.”

He added 2023 has seen some of the biggest construction starts in the history of the resort, from “future proofing” infrastructure builds to environmental and safety upgrades.

“We are excited and proud to facilitate private investments in accommodation across the resort. Plans are also in place to add more lifts and more terrain down the road."

Read more: Catch JP aka THE SHERIFF on Castanet.


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

5

New Listings

3

Listings Sold

0

Price Up

5

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

28

New Listings

25

Listings Sold

2

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

2

New Listings

2

Listings Sold

0

Price Up

1

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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