Category Archives: Blog

North Okanagan Monthly Market update for July 2019

This North Okanagan Real Estate Update covers the areas of: Vernon, Coldstream, Falkland, Armstrong, Enderby and Lumby.

Updated Stats for Residential Homes in the North Okanagan:

Sell/Inventory Ratio:

22.14% (this is how much of what is currently on the market sold last month)

Days to Sell:

70 (how many days on average it is taking to sell a home. Please note this does not include additional time on the market of any listings that expired or were cancelled and then re-listed)

Avg. Sale Price:

$536,437 (averages can be skewed by a few really high, or really low $$ sales)

Median Sale Price:

$486,450 (the exact middle sale price of every residential property sold last month)

Waterfront Home Sales:

17 waterfront homes sold so far year to date.

North Okanagan overall statistics:

Total Units that were newly LISTED (and active on the market) during each of the past 3 months:

May: 484

June: 411

July: 346

Total Units SOLD (all property types including raw land and commercial) during each of the past 3 months:

May: 203

June: 204

July: 240

Wrap Up:

Sellers: This month’s ever so slight increase in sales and decrease in inventory could mean good news if your home is currently on the market. For an even greater chance at catching the attention of prospective buyers, now may be a great time to reevaluate your listing price or selling strategy. If you are considering listing your home, late summer is an opportune time to enter the market as buyers often want to either get situated before their kids go back to school, or before winter. Talk to your agent today for a free home evaluation!

Buyers: As we enter into the early fall months, the expected decrease in new inventory has begun, which can make the home buying process even more difficult. However, a large number of prospective homes still exist on the market, and now could be an ideal time to make a competitive offer! We are seeing a resurgence in multiple offers in the low to mid price ranges and even a few in the higher end. However, if your realtor is on the ball and you get in first, your chances of offering without competition is good.

If you’re just beginning the home buying purchase, now is the time to find an agent who understands your needs! Reach out to the Salt Fowler Team now to get on our client list and hear about new homes as soon as they come on the market!

Further, if you’re curious or confused about the new real estate representation rules in B.C., have a look at our new explainer video (attached in the email) and/or contact our team!

Please feel free to Contact Us Anytime: Lisa, Gord, Glenn, Alex, Joanne, Avrill, Christie, Bryan, Laura and Ryan of the Salt Fowler Team, RE/MAX Vernon – Top RE/MAX Team in British Columbia for 2018.

For those living in the Middleton Mountain, watch your mailboxes!

For those living in the Middleton Mountain, watch your mailboxes! This is going to be delivered via Canada Post direct to your home very soon. If you find your contact info is incorrect please do let us know and we are happy to update this for you.

Any questions, please don’t hesitate to contact the Salt Fowler Team at RE/MAX Vernon at 250-549-SALT (7258) or webinfo@saltfowler.com, your Kalview homes specialists! We offer FREE Market Evaluations on all Vernon Real Estate!

For those living in the Bella Vista Homes watch your mailboxes!

For those living in the Bella Vista Homes watch your mailboxes! This is going to be delivered via Canada Post direct to your home very soon. If you find your contact info is incorrect please do let us know and we are happy to update this for you.

Any questions, please don’t hesitate to contact the Salt Fowler Team at RE/MAX Vernon at 250-549-SALT (7258) or webinfo@saltfowler.com, your Bella Vista homes specialists! We offer FREE Market Evaluations on all Vernon Real Estate!

Just Released!!  Our Foothills Area Market Update for August! 

Just Released!!  Our Foothills Area Market Update for August!  Here is a preview of our Foothills folder featuring homes and lots for sale and sold in the fabulous Foothills area in Vernon BC.  This folder will be mailed out in the next 10 days!  If you are interested in selling your home and having it advertised in this popular marketing piece, please let us know!  We would be happy to feature your Foothills, Vernon Real Estate here!  Contact the Salt Fowler Team at 250-549-SALT (7258) or visit our website to view thousands of homes for sale online all in one place at www.Foothills.info.

Common Home Selling Mistakes and Ways to Avoid Them – Part 1

Summer is the perfect time to sell your home.  Vernon’s real estate market is heating up and many buyers are interested in finding their perfect home.  As a seller it is a great time to take advantage of these factors and list your home.  Before putting your home up for sale, I would like to discuss the following common selling mistakes and help you find ways to avoid them.

Photo Choice

One of the most common selling mistakes that I continually see is the seller using poor photos to advertise their home online.  In today’s real estate market, an online marketing portfolio is a must if you want to attract a wide range of interested buyers.  In order to attract interest, your photos should be:

  • Crisp and clear, well-lit and in focus.
  • Highlight the main selling features of your home such as views, large windows, spacious decks, and any renovations that you have done.
  • Showcase the rooms to give the potential buyers a good idea of the features of your home.

Here’s the deal:

Because of the importance of an online marketing portfolio you may want to consider hiring a professional photographer.

Clutter Free

Another common mistake is the seller not decluttering and depersonalizing their home before showing it.  A properly staged home is a home that sells.  No buyer wants to view a home full of your personal items, instead they want to envision how their furniture and belongings will fit into your space.  Give them that opportunity and remove as much clutter and personalized items as possible before your next open house.

Repair It

Do not just list your home in the shape it is in right now.  This common selling mistake can either open you up to having to bargain on the price of your home or destroy a potential sale, depending upon the type of repair and the overall condition of your home.  Before listing your home, inspect both the interior and the exterior of your home for any areas that need touching-up or repaired.

Remember:

The more work you do before listing, the more attractive your home will be to a prospective buyer because no one wants to pay full market value for a fixer upper or a home with a whole bunch of projects

By avoiding these common selling mistakes, you should be able to find the right buyer for your home and sell your property for full market value.  If you would like more information on this topic or are interested in selling your home on the Vernon real estate market, please contact me today.  I would love to be a part of your sales team and look forward to working with you soon.

 

 

Exciting New Price and New Financing Terms available for #156 9845 Eastside Road!

Definitely the most exceptional of values at the Outback today – a rare find with an oversized garage and deck, extra parking, and driveway.  Lovely  views over Quarry Bay from this 3 bedroom fully detached property that gains excellent revenue during the summer months if you choose to subsidize your vacation home.  This is an incredible opportunity – don’t miss it!  Call today for our virtual 3D walk through!  250-549-7258 or webinfo@saltfowler.com.

Is Summer a Good Time to Buy a Property in Vernon?

Summer is finally here.  Vernon seems to be made just for this special season, so be sure to get out and enjoy the surrounding areas, festivals and fun that the city has to offer.  In addition to these activities, summer is also a great time to buy a property.  As your premier agent who specializes in Vernon real estate, I would like to share the following tips to help you buy your dream home this summer.

Increase in Inventory

Vernon’s summer real estate market is all about increased inventory.  The amount and variety of homes available on the market swells in the summer months, making it the perfect time to buy your dream home.  The increase in inventory is a combination of the following factors:

  • Warmer weather and longer days making house hunting that much more enjoyable.
  • School’s out. Less schedules and more flexibility make summer the perfect time to seek out your perfect home.
  • Perfect weather to move belongings from one home to another.

Get Pre-Approved

Before getting out and seeing what is available in Vernon’s real estate market, be sure to go and get a pre-approved mortgage.  You will want to have your ducks in line so that when you find that perfect home, you can act quickly and put in an offer.  The sooner you put in an offer, the better the chance you will have of getting your home and the less chance you will have of getting involved in a bidding war.

Let’s Make a Deal

When looking at homes, it is a good idea to see how many days that specific property has been on the market.  If a home that you are interested in has been on the market for over 60 days, there is a good chance that the seller will be willing to negotiate the final price and more interested in selling.  By paying attention to this often-overlooked number, you may be able to get your dream home at a discount.

Go with the Right Agent

The right real estate agent can make all the difference when you are buying your home this summer.  Be sure that your agent has experience in the local market and understands any of the quirks with that market.  Your agent should also be knowledgeable about the area, the city and its various neighbourhoods.  By going with the right real estate agent, you should be able to find the perfect home at a deal that you can afford.

If you are interested in other helpful summer buying tips or would like to see some of the new real estate inventory available in Vernon, please contact me today.  I would love to help you find the perfect home this summer.  I look forward to seeing you soon.

 

Monthly Market Update for June

This North Okanagan Real Estate Update covers the areas of:  Vernon, Coldstream, Falkland, Armstrong, Enderby and Lumby.

Updated Stats for Residential Homes in the North Okanagan:

Sell/Inventory Ratio:   

20.41%  (this is how much of what is currently on the market sold last month)

Days to Sell:  

54 (how many days on average it is taking to sell a home) – down from last month.

Avg. Sale Price:  

$501,156 (averages can be skewed by a few really high, or really low $$ sales)

Median Sale Price:  

$464,900 (the exact middle sale price of every residential property sold last month)

Waterfront Home Sales: 

11 waterfront homes sold so far year to date.

North Okanagan overall statistics:

Total Units that were newly LISTED (and active on the market) during each of the past 3 months:

Apr:        443

May:      484

June:      411

Total Units SOLD (all property types including raw land and commercial) during each of the past 3 months:

Apr:      195

May:     203

June:     201

Wrap Up:

Sellers: As we enter the heat of the summer and both buyers and sellers alike retreat to the distractions of summer vacations, it is common to see a decline in both new listings and sales. June was no exception to this rule. However, as a seller on the market, this doesn’t mean a summertime sale is an impossible dream, as sales tend to rise in July and August.  Further, if you are considering listing your home, the mid to late summer is still an opportune time to enter the market. Talk to your agent today for an evaluation!

Buyers: As the market settles into the slower pace of mid-summer, now is an ideal time to make an offer on a home you’ve had your eye on! If you’re in the beginning stages of the home buying purchase, now is the time to find an agent who understands your needs! Reach out to the Salt Fowler Team now to get on our client list and hear about new homes as soon as they come on the market!

Please feel free to Contact Us Anytime:  Lisa, Gord, Glenn, Alex, Joanne, Avrill, Christie, Bryan, Laura and Ryan  of the Salt Fowler Team, RE/MAX Vernon – specializing in North Okanagan and Vernon BC Real Estate.

Summer Events and Festivals in Vernon – Part 2

There are just too many great summer activities and venues going on in Vernon to fit into one blog.  Regardless of what type of summer fun you are looking for, the city of Vernon is the best place to be.   As the premier agent for all your Vernon real estate needs, here are some most popular summer events and festivals that you won’t want to miss.

Local Lakes

There are 4 lakes in the immediate area surrounding Vernon and all of them are extremely popular during the summer.

  • Okanagan Lake – The sheer size and depth of this lake makes Okanagan Lake one of the most popular destinations in the province. Okanagan Lake offers excellent fishing opportunities as well as a host of beaches, campgrounds and great swimming.
  • Kalamalka Lake – This stunning lake changes colours over the course of the year, ranging from teal to indigo. Kalamalka Lake offers excellent picnic areas, family beaches, swimming as well as hiking and biking trails.
  • Swan Lake – If you love nature and serenity, then this is the lake for you. Swan Lake and the surrounding wetlands offer some of the best bird watching opportunities in the province.
  • Wood Lake – The Okanagan’s calmest and warmest lake is connected to Kalamalka Lake. Wood Lake offers camping, trout fishing as well as swimming and sandy beaches.

Provincial Parks

Part of Vernon’s charm is its proximity to the outdoors and more specifically – Kalamalka Lake Provincial Park.  This sprawling 3200-hectare park is the perfect example of North Okanagan grasslands and offers a wide range of activities and sights including:

  • Canoeing, boating and fishing.
  • Biking and hiking trails.
  • Swimming in 3 of the lake’s bays.
  • A picnic area with wheelchair access.

Another popular summer park is Ellison Provincial Park.  This park is located on the northeastern shores of Okanagan Lake and offers scenic views of the lake and forests.  The park offers camping and excellent hiking trails as well as sandy beaches, perfect for swimming.

City Parks

The City of Vernon offers a well-balanced selection of city parks and green spaces.  Regardless of what park you find yourself at, they all offer something different and are great places to enjoy a warm, sunny summer day. Some of the more popular local favourites include:

  • Polson Park – located in the heart of Vernon, Polson Park is home to the popular rose gardens as well as a stunning Japanese Garden. In addition to these spectacular gardens, the park is also home to the Floral Clock; a one of a kind monument.
  • Sovereign Park – located on the shores of Kalamalka Lake, this park is a great place to go for a swim or just relax and enjoy a family picnic.
  • Creekside Park – is home to a host of different sports facilities including soccer fields, baseball diamonds, a playground and a skate park.

From beaches and lakes, to camping, there is no end to the number of things to do in Vernon over the summer.  If you would like more information on any of the summer activities or locations or are interested in viewing some of the amazing real estate options that abound in Vernon, please contact me today.  I look forward to hearing from you soon.

 

 

 

Congratulations Joanne Borowsky – Salt Fowler Team Top Salesperson for May 2019

Joanne from the Salt Fowler Team has achieved Salesperson of the Month for both May 2019.

Real Estate has always been a passion for Joanne and her enthusiasm to help others with a professional attitude has provided her with continued success.  Lisa, Gord and the rest of the Salt Fowler Team congratulate Joanne on her recent accomplishments and wish her more success moving forward in her career!

To contact Joanne directly her email is joanne@saltfowler.com or 250-308-9472.  Let Joanne help make your Okanagan dreams come true!!