Vernon First Time Home Buyers

10/31/2022

Happy Halloween everyone.

Get out and enjoy one of the many fireworksshows around the North Okanagan tonight. Lord knows we deserve it after the last 2 years.

Trick or treat safe.

11/03/2020

That should say Oct 2020
Just another record breaking month. Year-over-Year
Sales up 52%,
Median Sales Price up 18%
Active Listings down 22%

SEPTEMBER 2020 Market Snapshot | Piktochart Visual Editor

08/04/2020

The market is HOT!
The North Okanagan real estate market is sizzling hot!
• Unit sales for July were up 23.5% year-over-year (268 from 217). This is actually the highest number of sales for the month of July since at least 2006.
• The number of New Listings hitting the market in July was up 16% year-over-year (330 from 285).

So it appears that both buyers AND sellers are now fully engaged in real estate activity in the North Okanagan.
Looking to buy or sell this year? Need advice? Don't hesitate to msg, call, txt or email.

08/04/2020

https://create.piktochart.com/output/38608319-april-2019-north-okanagan-market-snapshot

02/05/2020

This time of year I hear the same two questions.
From buyers it is when are all the new listings going to hit the market?
From sellers it is when should I be hitting the market to get a jump on my competition?
The answer to both is now. See the chart here:
https://create.piktochart.com/output/36103004-listing-10-year-avg
Thinking of making a move this year? We should talk.

11/06/2019

Sales and prices remain flat. However for the second month in a row listings are down.

OCT 2019 North Okanagan Market Snapshot | Piktochart Visual Editor

10/11/2019

Once again, the Caravan Farm Theatre's annual Walk of Terror promises to live up to its name.

10/10/2019

Unit sales are up modestly year over year. Prices are up slightly. And days to sell are also up.
Maybe most interesting is the we finally have seen the number of Active Listings decline year over year. This is the first time since May 2018. So people may finally be getting used to the new B20 Mortgage Lending rules that came in January 2018.
Want to know whats going on in your neighbourhood? Don't hesitate to contact me.

Sept 2019 North Okanagan Market Snapshot | Piktochart Visual Editor

09/20/2019

Whats going on with pricing? Here is the median selling price over the past two years for single family detached homes in Vernon/Coldstream.

09/06/2019

I guess we will see how this all plays out over the next year or two

A global housing slowdown is taking place, and Canada is nearing the very bottom of it.

09/05/2019

August 2019 was almost a mirror image of August 2018. The only noticeable difference was that the overall Average Selling Price was down about 9.5% from last year - however the Median Selling Price remained unchanged from last year.
The Active Listings to Sales ratio is 16% which puts the North Okanagan right in the middle of a Balanced Market.

Aug 2019 North Okanagan Market Snapshot | Piktochart Visual Editor