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The HOLM Stretch | August 23, 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!
Hard to believe August is almost a wrap! How has your summer been? Are you ready for Autumn?
📉 Rates are Trending Down (More Cuts on the Way?)
Earlier this summer, the Bank of Canada made its first rate cut in 4 years, leading to a decrease in mortgage rates.
With a few more rate cuts anticipated throughout 2024, this is promising news for prospective buyers as the Bank of Canada is scheduled to meet early next month.
✅ Who does this help?
1. Buyers waiting for the right time: This rate drop is a great opportunity for those who have been holding off on purchasing, waiting for a more favourable market.
2. Buyers facing affordability challenges: Lower rates can make homeownership more accessible for those who struggle with higher rates.
3. Sellers looking to buy: The drop in rates could also increase supply, benefiting those who need to sell their current home before purchasing a new one.
Questions? Reach out, we are here to help.
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 23, there are 1043 homes showing as active listings here in North Okanagan. On August 16, there were 1057 homes active.
Sales ranged from $265,000. to $1,798,000. Days to sell ranged from 18 to 193. 3 listings expired, 10 were cancelled.
29 prices were reduced over the last week.
Scroll down for our market recap for Vernon, Armstrong, and Coldstream real estate activity in the last 7 days.
$265,000.
Low Sale
17
New Listings
$1,798,000.
High Sale
17
Listings Sold
JUST SOLD
Falkland BC Real Estate | 3333 Smith Road
SOLD!! Explore this real estate opportunity offerting ver 70 acres of land with a 4 bedroom 3 bat...
Enderby BC Real Estate | 201 Kildonan Avenue #21
SOLD!! Check out this 2 bedroom 2 bath Enderby BC home....
ICYMI...
PICKS OF THE WEEK
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
ARE YOU PREPARED?
No matter where you live, your home should be prepared in case of a natural disaster.What does preparation look like?That’s what we’re covering today on the blog.Get info about homeowner’s insurance, securing your home’s structure, preparing for power outages, and more.
How to Prepare Your Home for a Natural Disaster: A Homeowner's Guide
Learn essential steps to prepare your home for natural disasters, ensuring safety and mini...
MAKING TRACKS
Stunning geology in Kelowna's Mission Creek Greenway third phase - Making Tracks
Rock Ovens, Pinnacle Rock, Layer Cake Mountain, Big Rock. All four are unique and stunning...
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
1
New Listings
3
Listings Sold
0
Price Up
2
Price Down
Vernon BC Real Estate Recap
A look at the Vernon market activity in the last 7 days
12
New Listings
9
Listings Sold
0
Price Up
15
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
0
New Listings
2
Listings Sold
0
Price Up
7
Price Down