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The HOLM Stretch | January 24, 2025
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!
Millennial home buying trends: What homeowners should know
If you’re considering selling your home in the next few years, it’s important to know who’s driving the market: millennials.
This generation now makes up the largest demographic of homebuyers in Canada.
In fact, 43% of Canadians plan to purchase a home within the next five years, with millennials leading the way (NerdWallet and Canadian Real Estate Magazine).
What are millennials looking for? Here are some key trends:
✔ Tech-friendly features: Millennials value energy-efficient appliances and smart home technology. Homes with these eco-friendly upgrades stand out to this environmentally conscious group.
✔ Flexible workspaces: With remote work on the rise, buyers want homes with dedicated office spaces. A well-organized home office is a big selling point for this generation.
✔ Outdoor living: Comfortable outdoor spaces, such as patios or lounge areas, have become more popular. Millennials appreciate a place to relax or entertain that’s low maintenance and functional.
✔ Low maintenance homes: Millennials don’t want to spend too much time on upkeep. Modern, easy-to-maintain materials like hardwood floors and updated kitchens are at the top of their lists.
Making small updates to meet these demands can help your home appeal to the largest buyer pool in the market. As millennials continue to shape real estate trends, ensuring your home aligns with their preferences can make a big difference when you’re ready to sell.
Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL
Scroll down for our regular real estate and community features.
In North Okanagan Real Estate
As of the morning of Friday January 24, there are 637 homes showing as active listings here in North Okanagan. On January 17, there were 608 homes active.
Sales ranged from $145,000. to $860,000. Days to sell ranged from 16 to 346. 9 listings expired, 6 were cancelled.
18 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.
$145,000.
Low Sale
49
New Listings
$860,000.
High Sale
10
Listings Sold
JUST LISTED
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WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
2
New Listings
0
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
37
New Listings
10
Listings Sold
0
Price Up
8
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
1
New Listings
0
Listings Sold
0
Price Up
1
Price Down