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The HOLM Stretch | August 16, 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...
Thanks for stopping by!
What has been your favourite moment in the day so far? Unsure? Maybe you will find it here!
FINALLY, SOME ENCOURAGING NEWS...
Recent data from a Maru Public Opinion survey reveals that 44% of Canadians now believe the economy will improve over the next two months. This shift in sentiment follows the Bank of Canada’s recent interest rate cuts, signaling better days ahead for homeowners.
Lower interest rates typically mean more favourable mortgage terms and increased buying power.
John Wright, executive vice-president at Maru Public Opinion, noted that these rate cuts are "a tangible signal to consumers that things are on the right track for better days ahead."
This market is not perfect.
There are real concerns around affordability and the general lack of inventory, but the market is showing signs of renewed strength, and there’s a growing sense of optimism among consumers.
As always, we're here to help you navigate the market.
Scroll down for our regular real estate and community features.
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 August 16, there are 1057 homes showing as active listings here in North Okanagan. On August 9, there were 1038 homes active.
Sales ranged from $261,000. to $2,000,000. Days to sell ranged from 8 to 205. 1 listings expired, 16 were cancelled.
25 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.
$340,000.
Low Sale
36
New Listings
$1,609,000.
High Sale
19
Listings Sold
JUST SOLD
Vernon BC Real Estate | 1400 14th Avenue #48
SOLD!! Explore this 2 bedroom 2 bath rancher in East Hill Vernon, BC...
ICYMI...
PICKS OF THE WEEK
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
RENOVATE OR RELOCATE?
Should you renovate your current home or buy a new one?
That’s always the question when you’re considering a major overhaul.
Instead of getting bogged down in the details, check out our latest blog post.
We cover how to decide if you should renovate or relocate—and how to make sure you’re making your decision for the right reasons.
Renovate or Relocate? What to Consider Before You Decide
This comprehensive guide explores key factors to consider when deciding whether to renovat...
MAKING TRACKS
Mission Creek, a witness to history in the Central Okanagan - Making Tracks
If a creek could talk, Mission Creek in Kelowna would have many fascinating tales to tell....
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
8
New Listings
3
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
20
New Listings
11
Listings Sold
0
Price Up
18
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
7
New Listings
3
Listings Sold
0
Price Up
3
Price Down