I spotted this fall colour on my way out to my listing at 1546 Reservoir Road Armstrong BC. Minutes from Downtown Armstrong yet so delightfully rural!
This blog deals with things that may be of interest to those looking at Relocation or Real Estate in the Canada, and specifically the Okanagan area of BC. When it comes to real estate and okanagan living - we've got you covered.
Thursday, September 30, 2010
Friday, September 24, 2010
The Friday File: Okanagan Shuswap Real Estate Market Watch Sept. 24,2010 edition
Good news for sellers this week as the number of firm sales was up slightly from last week’s total of 91. In addition, fewer new listings were added to the existing inventory. This is most likely a seasonal adjustment, as the market here in the Okanagan Shuswap - and Canada in general wanes as we move into the winter season.
For Buyers- this too is an indication. By having your Realtor identify new to the market listings especially at this time of year in this market - you are more likely to locate a motivated seller. Fewer sellers are likely to "test the market" in the winter months. By looking at the Average Days on the Market - which again are looking like a listing period of 3 or more months - we can forecast that most homes that are likely to sell listed today will not sell till into December. Further to that - if we were to look back at the last few December Stats for sales - we would see that the volume of sales for that month is historically very light.
With a more sellers lowering their prices than adding to the market - this also shows motivation to buyers who are tuned in and watching. Do you have a personal search portal that helps you monitor changes in the market for the types of property that interest you? We offer this service to our clients and are happy to set you up. It is quick, painless and free!
Meanwhile - here is today’s report:
|
|
| From Market Watch |
| List Price | Sold Price | DOM | ||||
| Min | $40,000 | $33,000 | 1 | |||
| Max | $2,490,000 | $2,240,000 | 492 | |||
| Avg | $430,562 | $405,116 | 106 | |||
| Sum | $43,056,208 | $40,511,602 |
And in the last 24 hours:
|
|
| From Market Watch |
| List Price | List Price | Sold Price | DOM | |||
| Min | $74,000 | $62,500 | 14 | |||
| Max | $1,099,000 | $1,000,000 | 359 | |||
| Avg | $378,460 | $360,545 | 117 | |||
| Sum | $8,704,589 | $8,292,532 |
Numbers will vary depending on the time of day - please ask for clarification before relying on results. All data from the Okanagan Mainline Real Estate Board database. (MLS)
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
Thursday, September 23, 2010
RIVERS DAY INVASIVE WEED PULL ALONG BX CREEK Sun. Sept. 26 2010
Allan Brooks Nature Centre
RIVERS DAY INVASIVE WEED PULL ALONG BX CREEK
Come participate in a Community Event
THIS SUNDAY, SEPTEMBER 26 FROM 2:00 TO 4:00 at NORTH VERNON PARK ON DELEENHEER ROAD (behind Wal-Mart off 20th Street)
The Rivers Day Celebration kicks off at 11:00 and goes till 3:00 at Kin Beach
Help control the spread of invasive weeds in the lower BX Creek. Many invasive weeds are detrimental to the area's biodiversity and native plant communities and be toxic to livestock. Volunteer participants will learn from experts to identify some of the key invasive weeds that are having a negative impact on Vernon and the North Okanagan. So bring your family, your friends, and your garden gloves, and contribute to improving your community's natural environment by helping in the removal of invasive weeds.
Participants may register for the Invasive Weed Pull on-site at North Vernon Park on September 26 or by email projectcoordinator@mail.com For more info about Allan Brooks Nature Centre contact: 250.260.4227 Thanks!
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
P Please consider the environment before printing this email.
Tuesday, September 21, 2010
"The Sparrow Project - encore presentation in Vernon BC
Due to the enthusiastic response of the first, there will be a second presentation of the Sparrow Project in Vernon to which you are most cordially invited to attend.
Imagine a flock of beautiful glass birds (Sparrows) suspended from the ceiling of The Canadian Clay and Glass Museum in Waterloo, Ontario, from April 3 to June 19, 2011, during Julie Oakes’ solo exhibition, Swounds. The gallery, itself, is spectacular – a dramatic, architectonic space with a twenty foot expanse to the ceiling and, below, a polished concrete floor reflecting the light from the recessed windows. A simple hymn, sung by opera soprano Neema Bickerstethcomes on the sound system. Then, there is a cataclysmic shock as one of the beautiful birds falls from the flock and shatters on the floor below …“If God so sees the sparrows fall, you know he loves you too” is the pivotal prompt before the ‘death.’
Sparrows is currently a work in progress addressing the specificity and fragility of life. In order to facilitate the fabrication of the flock, we would like to invite you to a private preview, offering and explanation of the project, Sparrows, at Ashpa Naira Gallery, Sunday, September 26 between the hours of three and six. We hope you are able to join us. RSVP to ashpanaira@telus.net or julieoakes@earthlink.net by September 24 please Sincerely,
Julie Oakes
Maria Carolina Sanchez de Bustamante
Concept gouache for Sparrows Oakes 2010
The first forty birds made for Sparrows, an installation in glass by Julie Oakes, comprise a limited offering. Oakes made a wax model of a flying sparrow from which Berengo Studio in Murano,Italy, fabricated prototypes. These birds will be the detailed foreground sparrows that will make up the flock for Sparrows. Each bird is approximately 10 x 8 x 7 inches, numbered, and costs $1500. The size varies as no two birds are identical for each bird is individually made. There will be no profit from the sale of the first forty birds. Instead, each sparrow sold begets two new birds to be used in the exhibition, Sparrows, Swounds.
Each of these first forty birds can be ordered with hangers for suspending them or as free standing birds. They are in clear glass or in opalescent glass. The numbered birds can also be included in the exhibition at the Canadian Clay and Glass Museum according to the preference of the collector but only the birds with hangers can be included in the exhibition and only if the owner of that bird designates its inclusion. The owners of the first forty birds, whether their bird is included in the exhibition or not, will be acknowledged as supporters of the project.
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
Friday, September 17, 2010
The Friday File: Okanagan Shuswap Real Estate Market Update Sept. 17 2010 edition
We are headed into the Fall market - now that kids are back in school - and even Kindergarten goes full time next week - the routines are settling in and people have time for real estate if they are considering a move before the end of the year. If you look at our report on key performance indicators (especially the historical 2000 - 2010 charts you will see how activity drops off in the final months of the year.
Keep in mind as you look at these number that they relate to the entire Okanagan Shuswap Real Estate Region.
| Here are the basic stats for the properties that sold in the last 7 days in Okanagan Shuswap Real Estate: Status: Sold (93) | |||||||
| List Price | Sold Price | Days On Market | |||||
| Min | $13,200 | $13,200 | 6 | ||||
| Max | $3,500,000 | $3,700,000 | 518 | ||||
| Avg | $421,642 | $403,632 | 127 | ||||
| Sum | $39,212,732 | $37,537,753 | |||||
And here are the numbers for the last 24 hours
| Here are the basic stats for the properties that sold in the last 24 hours in Okanagan Shuswap Real Estate: Status: Sold (14) | |||||||
| List Price | Sold Price | Days On Market | |||||
| Min | $13,200 | $13,200 | 66 | ||||
| Max | $799,900 | $740,000 | 445 | ||||
| Avg | $378,629 | $362,539 | 147 | ||||
| Sum | $5,300,800 | $5,075,550 | |||||
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
Wednesday, September 15, 2010
Buyer Needed : $319,000 list price on 1600 sq ft. 2 bed 2 bath Vernon BC home in gated community
South BX, Vernon BC real estate - Announcing a price reduction on 6-124 Sarsons Rd, a 1,600 sq. ft., 2 bath ranch "with crawl space". Now 
Vernon BC 2 bedroom, 2 bath home for sale in Quail Run - South BX gated community. Perfect for the 55 plus couple This house is only 5 minutes to the downtown service sector, the hospital, 2 golf courses, and even less to The Shops at Polson Park. Nice Back yard with concrete patio. Bring an offer on this home that features: - Vaulted ceiling
- 2 bedrooms
- 2 full baths including
- full ensuite
- family room
-2 fireplaces
-formal dining area
-breakfast nook
-spacious functional kitchen
-private back yard
-double car garage
-parking for 2 vehicles in driveway
-security system
-gated community
-close to downtown services and shopping
-close to public health
-close to transit
-former show home
-Refrigerator
-Convection Oven
-Stainless tub Dishwasher
-Washer
-Dryer
-Window coverings
-Chandelier
-private yard
-covered patio
-pets allowed with restrictions
More Description
Contact us for more information or an appointment to view this property for sale.
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
Okanagan Shuswap Real Estate "24" Sept. 15,2010 Market Watch
September 15, 2010
It is shaping up to be a lovely fall day here in Coldstream, BC. Here is today’s update of the Real Estate market activities in the past 24 hours within the Okanagan Shuswap Real Estate Board area.
For more information on the real estate market – Please visit our blog
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
Tuesday, September 14, 2010
Okanagan Shuswap Real Estate "24 " Sept. 14, 2010
September 14 2010
Here is a quick overview of the last 24 hours in Okanagan Shuswap Real Estate:
For more information on any of these properties, please contact us – we are happy to provide more details for you.
Visit our Client portal pages to see active North Okanagan Real estate listings (Vernon BC and surrounding communities) What’s For Sale in North Okanagan Real Estate?
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
P Please consider the environment before printing this email.
Saturday, September 11, 2010
Who's Saying What About Canadian Real Estate & The Economy - Sept 11 10 "No Crash"
Canada's Real Estate Market: No Crash
“The housing market has lost its lustre. No doubt about it,” said Mario Lefebvre, the centre’s director for municipal studies. “However, this will not lead to a free fall for Canada’s housing market. This country will not experience home-price declines to the tune of what we have witnessed in the United States over the past few years.” National Post
Canada's housing market to slow, not stop: Conference Board (CBC)
“because valuations and activity in Canada's residential market grew at a blistering pace over the past decade and were due for some sort of short-term decrease — commonly referred to as a correction.”
Housing market not in free fall, report argues (National Post)
The 2.4% decline, to a monthly rate of $3.5-billion, follows similar data showing housing starts and resale activity in Canada declining for months now, along with reports arguing that Canada’s housing market is a bubble waiting to burst.
Not so, the Conference Board of Canada argued in a report Wednesday.
Housing market not in ‘free fall,’ says Conference Board (Toronto Star)
Lefebvre said there is a likelihood that Canada will see a pause in price growth, “with possible marginal declines in a few markets.”
A new harmonized sales tax in Ontario and British Columbia, lower consumer confidence because of the European debt crisis, and a jobless recovery in the U.S. are having an impact on housing sales in Canada, said the board.
Fears of a Canadian housing market crash overblown (RBC pdf file)
Housing affordability – the best indicator of underlying market tensions, in our view – has deteriorated in recent quarters but remains much better than it was in the late 1980s and early 1990s when bubbles clearly caused the Canadian market to meltdown in the years that followed.
New Home Prices and Starts Decline
A couple of reports regarding the new housing market this week. Statistics Canada's new house price index slipped 0.1% month over month in July, the first time in over a year that the index has dropped. According to a Canada Mortgage and Housing Corporation report, annualized housing starts declined 3% in August compared to July.
New home prices drop in July (Toronto Star)
“Cooling housing markets are a big part of why domestic economic activity is slowing in Canada,” said Pascal Gauthier, senior economist with TD Bank. This was reflected in the existing home market with the typically lagged spill over effect into the new home market.”
Housing prices and starts decline (Globe and Mail)
Statistics Canada reported Thursday that its new housing price index fell for the first time in 13 months, declining 0.1 per cent in July from its level in June. That reversed what was seen between May and June, when new house prices rose 0.1 per cent.
Canada July new housing prices edge lower (Reuters)
The top contributors to the monthly decrease were cities in British Columbia and Ontario -- Vancouver, London, Sudbury and Thunder Bay. Prices fell on a monthly basis in seven of the 21 cities surveyed, fell in three and were flat in 11.
Year-over-year, the new home price index was up 2.9 percent in July, following a 3.3 percent rise in June.
Bank of Canada Raises Interest Rates
The Bank of Canada raised its key interest rate by a quarter percent this week pushing the target for the overnight rate to one percent. The Globe and Mail's Rob Carrick has a good article on why rising rates haven't flattened the housing market.
Why rising interest rates haven’t flattened the housing market (Globe and Mail)
“there are two trends that offset higher carrying costs for variable-rate mortgages. One is that fixed-rate mortgages, notably in the popular five-year term, have been coming down in recent weeks and are now as low as 3.59 per cent. That’s a fabulous rate, by the way”.
Carney Says Bank of Canada Will Be `Careful' on Rates With U.S. Slowing (Bloomberg)
Bank of Canada Governor Mark Carney said today that downside risks to the global recovery are “non- negligible” and the central bank will be “careful” in considering the implications of slower U.S. growth when deciding whether to raise interest rates further.
BOC's Carney: U.S. Slowdown Has Implications For Canada, Policy (Wall Street Journal)
-If the U.S. economy slows further, it will have direct implications for Canada and Canadian monetary policy, Bank of Canada Governor Mark Carney said Friday.
"I think the important thing to remember is that we deal with our circumstances. The U.S. has important input to that, and we are disciplined by having to achieve our 2% inflation target,"
Okanagan Shuswap Real Estate
The Friday File: Market Synopsis September 10, 2010
a look at the stats – new listings, extended listings, solds price changes etc over the week in the Okanagan Mainline Real Estate territory.
CLUE: August Market Statistics for North Okanagan (Vernon BC and area) real estate
A look at the residential real estate market sectors: Apartments, Townhomes, Building Lots and Residential homes. Results for August 2010
How’s the Market? – Key Performance Indicators Updated for North Okanagan Real Estate.
We look at Inventory, Sales, Absorption rates, and days on the market, average and median sale prices in North Okanagan Real Estate from 2000 forward.
What Sold?
Twenty eight properties sold in North Okanagan Real Estate between August 30 and September 5 totalling a value of $11,214,500 traded. Prices ranged from $82,500 to $1,850,000. Download the property details from our site.
What’s For Sale in North Okanagan Real Estate?
Check out our Customer Portal Page as it evolves. Constantly updated preset searches. More added all the time.
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
Friday, September 10, 2010
Okanagan Shuswap Real Estate Synopsis: The Friday File - September 10,2010
This is the first in a new series of market reports that will provide an overview of real estate activity in within the Okanagan Mainline Real Estate Board area - Central and North Okanagan and Shuswap real estate.
In the last 7 days:
278 properties were listed for sale
203 listings were extended for a longer time
76 properties were put back on the market after the list period expired
11 properties increased in list price
225 properties reduced list price
82 properties moved to Sold status
142 listings expired
and 10 properties moved to offer pending status.
Of that activity - the following occurred within the last 24 hours:
56 properties listed
35 properties extended listings
13 properties returned to the market after an expiry
2 properties increased list price
49 properties reduced list price
16 properties moved to sold status
27 listings expired and
4 properties moved to offer pending status.
These numbers reflect Residential listings only, and do not reflect changes in commercial or farm specific listings. If you would like market specific information, please let us know. We are happy to create reports that meet your real estate needs.
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
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