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The HOLM Stretch | October 13th, 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...

Oct 12 5 minutes read

Are you superstitious?


Friday the 13th is considered an unlucky day in Western superstition. It occurs when the 13th day of the month in the Gregorian calendar falls on a Friday, which happens at least once every year but can occur up to three times in the same year.  In 2023, there are two such days one was in January while the second is today.

The Last Supper seemed to put a curse on the number 13: The 13th and most infamous guest to arrive, Judas Iscariot, was the disciple who betrayed Jesus, leading to his crucifixion. Like many superstitions that have evolved over time and across cultures, it is difficult to pinpoint the precise origins of Friday 13th.

... And then, there was that movie....

We hope you have a good day, in any case!

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, October 13, there are  1056 properties showing as active listings here in North Okanagan. On October 6th ,  there were 1056 properties active.

Sales ranged from $250,000. to $1,500,000. and on average properties were active for 56 days before posting as sold. 

50 prices were reduced over the last week, 3 increased.

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

$250,000.

Low Sale

61

New Listings

$1,500,000.

High Sale

36

Listings Sold

JUST LISTED


 

JUST SOLD

 


ICYMI...

WHAT'S HAPPENING?


       

What's Happening Now to October 20th , 2023


WHAT ELSE WE ARE TALKING ABOUT



All About The Stats:


The real estate market is always changing, here in the North Okanagan, nationally and beyond. Check out our monthly blog for your September 2023 local market figures inclusive of year-over-year sales stats, current benchmark prices, inventory levels and more.

 

If these figures have you wondering what your own buying and selling journey may look like finishing out 2023 and into 2024, please reach out, our team is always here to help!

PROVINCIALY SPEAKING

Renewed Bank of Canada Tightening Slows Sales Activity


Vancouver, BC – October 12, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 5,531 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in September 2023, an increase of 10.4 per cent from September 2022. The average MLS® residential price in BC was $966,530 up 4.8 per cent compared to September 2022. The total sales dollar volume was $5.3 billion, representing a 15.7 per cent increase from the same time last year.
“Home sales in BC have clearly been impacted by the Bank of Canada's recent tightening of interest rates, along with the resulting surge in mortgage rates,” said BCREA Chief Economist Brendon Ogmundson. “Home sales are once again trending at below average levels as potential buyers struggle with a high cost of borrowing.”
 
Active listings in the province were up slightly month-over-month at just over 33,000 total listings and were 8.1 per cent higher year-over-year.
 
Year-to-date BC residential sales dollar volume was down 15 per cent to $57.9 billion, compared with the same period in 2022. Residential unit sales were down 11.5 per cent to 59,570 units, while the average MLS® residential price was down 4 per cent to $972,049.
 
 


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

14

New Listings

1

Listings Sold

0

Price Up

1

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

40

New Listings

28

Listings Sold

2

Price Up

35

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

3

New Listings

1

Listings Sold

0

Price Up

6

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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