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The HOLM Stretch | September 20, 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...

Sep 20 4 minutes read

Thanks for stopping by! 

What's happening with the housing market? Latest data from CREA

Canada’s housing market remains in a bit of a "wait-and-see" phase as we head into fall.

According to the latest report from the Canadian Real Estate Association (CREA), national home sales edged up by 1.3% in August. This marks the highest level of activity since January, but the market is still mostly in a holding pattern.

Many Canadians are holding off on big moves, waiting for further interest rate cuts expected later this year and into 2025. However, people are still buying and selling—activity hasn’t stopped, just slowed.

The number of new listings ticked up by 1.1% in August, and prices are holding relatively steady. The national average home price of $649,100 remains almost unchanged from a year ago.

While inventory levels are up 18.8% from last year, they’re still below what we typically see this time of year, hovering around 177,450 properties.

Even though these insights reflect national trends, they offer valuable context for understanding the current market dynamics. While some are waiting, others are taking action—there’s still opportunity for those ready to move forward.

We're here if you need anything.

Talk soon,

Chris, Patric, Julie, Jasmine, Kristi & Brell
THE TEAM AT CHRIS HOLM & ASSOCIATES

In North Okanagan Real Estate

As of the morning of Friday Sept 20, there are 1015 homes showing as active listings here in North Okanagan. On Sept 13  30,  there were  1028 homes active.

Sales ranged from $69,000. to $2,150,000. Days to sell ranged from 17 to 162. 8 listings expired, 23 were cancelled.

47 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.

$225,000.

Low Sale

58

New Listings

$2,500,000.

High Sale

33

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


WHERE TO START


What’s the very first step to buying a home? Knowing the answer—and how to nail it—will get your home purchase started off right.In our latest blog post, you’ll get all the details you need on straightening out your finances, setting a budget, and getting that preapproval. Ready?

 



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

8

New Listings

4

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

38

New Listings

22

Listings Sold

1

Price Up

26

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

8

New Listings

3

Listings Sold

0

Price Up

10

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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