Charlie Veaudry

Serving you with passion!

 

It's about that time of year where we start hearing from the birds and the bees, and today I wanted to say a thing or two about bees. 

 

There has been a lot of buzz in the news latley about the declining populations of bees. The theories seem to be pointing to pesticides and chemicals used in agriculture and other industrial processes. Just another reason why organic farming is great. And the Okanagan is a perfect place to do just that.

 

Bees are important for the fruit and vinyard industries in the Okanagan, and because of this, there are a lot of people excited about bees in the area. Bees Incorporated is an organization offering courses and supplies for people wating to learn more about bees or perhaps start looking after their own hive. They will also come and help if you have an unexpected swarm of bees arrive on your property. The Okanagan Bee Farm also has resources and small hives, or nucs, for sale. 

 

Not only are bees essential for the pollonation of our fruit trees and grape vines in the Okanagan, but we also love them for their honey and wax, and the nutritional benefits of bee pollen. The Vernon Farmers Market is a great place to find locally made honey, bees wax candles, and bee pollen.

 

If you are not sure if you are ready to start your own hive, but would like to see what is involved in bee keeping, Planet Bee is a great place to visit. Not only does it have a fantastic view overlooking Okanagan lake, but they have honey tasting every day, all day, where you can try up to 15 differnt flavors of honey. Sweet!

 

Urban bee keeping is also gaining some ground in British Columbia. So if you are not ready to start your own little farm, but would like to have a bee hive as part of your garden, that's possible too. If you are interested in learning more about urban or rural bee keeping in Vernon, contact me. I am happy to offer information about the zoning rules for beekeeping in and around the Vernon area. 

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March 2014 - Where Is The Market Right Now?

 

The spring market continues to strengthen with rising sales, falling inventory and prices solidifying.

 

Sales

 

The total sales for the 12 months ending February 2014 were at 797, up 6.8% from the 12 months ending February 2013 and the highest volume of sales in the last 4 years since 2010.

 

Inventory

 

The average monthly inventory of single family homes dropped to 622 for the last 12 months ending in February 2014, the lowest average inventory we have seen in the last 6 years. Inventory has not been this low since 2007 which is before the start of the recession that started in March, 2008.

 

Prices

 

Average median prices continue to rise. At $341,836, average median prices for the last 12 months ending in February 2014 rose 5% over average median prices for the 12 months ending in February 2013. This increase is for average median prices across the board and is largely due to the fact that prices on higher end homes have been reduced so much that sales are now starting to recover. This is causing the illusion that prices are increasing in all home categories and that is definitely not true. 

 

For instance, right now some price ranges in some neighbourhoods are starting to rise slightly but other price ranges have just stabilized or are still dropping slightly. Therefore, overall average price in any given marketplace cannot accurately predict what is happening. I have found that using an HPI (Home Price Index) works best. This HPI considers all the sales of a typical house in a certain area and compares them to the same type of houses sold in the previous years. We find when we do an HPI that house prices are doing different things in different areas and in different price ranges. I would be happy to do an HPI evaluation on any property you have. Simply give me a call or email.

 

Absorption Rate

 

The rate at which our inventory is being absorbed by sales rose to an average of 10.53% over the 12 month period ending February 2014, the highest in the last 4 years. At the end of February 2014, there was 17 months of inventory available on the market.

 

From these numbers, it looks like we can expect the market to continue to rise as we enter the busy spring market. March sales this year month-to-date continue to show improvement over March 2013 so we are experiencing an early start to the spring 2014 real estate market in the North Okanagan.

 

The market over the next 12 to 18 months will be characterized by continued increasing sales and lower inventory moving strongly towards a market that will favour Sellers with more competition from Buyers and higher prices. Prices will continue to rise as consumer confidence gathers momentum and brings with it more Buyers.

 

If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page on my web site with graphs and full detailed data.

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Not only is the East Hill area of Vernon, British Columbia a great area for family living and a small town lifestyle, but it also is home to a number of cultural icons, one of the main ones being the Caetani House.  


The Caetani Centre is one of the more unique historical and cultural gems of Vernon, BC. Originally the home of the Caetani Family, it is now used as an artist retreat and community centre, contributing to the cultural hub of Vernon.

 

Sveva Caetani was a talented artist who came from a wealthy Italian family. The daughter of a Duke and Prince, she moved to Vernon from Rome at an early age, and after the death of her father, was forbidden to leave the Caetani house by her ill mother. At the age of 43, and at the time of her mother’s death, Sveva was finally free to pursue her interests in art and teaching.

Sveva Caetani

 

Sveva attended the University of Victoria and obtained a teaching position at Charles Bloom High School in Lumby, BC. It was not until her 50s that Sveva started painting, and her most famous collection consists of 56 paintings, some as much as 6 feet tall. Her paintings are colourful and reflect her troubled past. She painted up until her death at the age of 76. Much of her art is now held by the Alberta Foundation for the Arts.


If you are interested in learning more about the Caetani House, or other features of East Hill in Vernon, BC, feel free to call or email Charlie Veaudry. Having lived for over 20 years in the area, he’s a good guy to ask!

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Office Location:

5603 27th Street Vernon BC V1T 8Z5 CA

Charlie Veaudry

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!

 

When you make the important decision to buy or sell a home, I am committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.

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