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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...
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
Spallumcheen BC Real Estate | 3396 Lockhart Drive
Get all the details on this 4 bed 4 bath large lot Spallumcheen home in sought after McL...
Spallumcheen BC Real Estate | 4132 Crozier Road
Check out this Spallumcheen home on almost .7 acre lot....
Vernon BC Real Estate | 6111 Bella Vista Road
Explore this 2 bedroom 2 bath home on .4 acre lot for sale in Bella Vista Vernon, BC...
JUST SOLD
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Armstrong BC Real Estate | 2890 Okanagan Street
SOLD!! Charm meets convenience in this updated 3 bedroom 2 bath Armstrong BC home. Check ...
SOLD!! Vernon BC Real Estate | 4111 27th Avenue
SOLD!! Check out this 3 bed 2 bath home with flexible RM2 Zoning....
ICYMI...
PICKS OF THE WEEK
WHAT'S HAPPENING?
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?
What Is the First Step to Buy a Home?
Discover the essential first step to buying a home by assessing your financial situation, ...
MAKING TRACKS
KVR, tufa springs, Bellevue Canyon trails and much more in Myra-Bellevue Provincial Park - Making Tracks
Myra-Bellevue Provincial Park has it all for outdoor enthusiasts....
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
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
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
8
New Listings
3
Listings Sold
0
Price Up
10
Price Down