Charlie Veaudry

Serving you with passion!

 

Easy access to local produce is one of the many reasons people choose to live in Vernon. With so many people talking and thinking about eating locally, BC has seen a huge increase in Farmers Markets around the province. According to the B.C. Association of Farmers Markets, the increase in Farmers Markets around BC is 62% this year!

 

And in the Okanagan, we are doing our share. We now have 5 local markets available 5 days a week: 


Vernon Farmers Market 

*Winner of the Market of the Year from the BC Association of Farmers Markets*

Open from April 17th to October 30th

Monday: 8am to 1pm

Thursdays: 8am to 1 pm

Location: Kal Tire Place, 3445 43rd Ave, Vernon


Vernon Friday Night Farmers Market

Open from May 9th to October 10th

Friday: 3pm to 7pm

Location: The downtown core on 30th Avenue, Vernon


Coldstream Farmers Market

Friday: 2:30pm to 6pm

Location: Coldstream Women’s Institute Hall, 9909 Kalamalka Lake Rd, Coldstream


Armstrong Farmers Market 

Open from April to October

Saturday: 8am to 12pm

Location: 3371 Pleasant Valley Road, Armstrong

 

Caravan Farm Market

Select Summer Sundays 

Location: 4886 Salmon River Road, Armstrong-Spalumcheen


These are great places to get fresh, local, organic fruits & veggies, as well as baking, preserves and many other delicious creations. It’s also a great spot to visit if you are looking for locally and lovingly made gifts, or something nice to add to your home.


So regardless if you are living in Coldstream, on the way up to Silver Star Mountain, or in Vernon itself, make sure to check out the summer bounty at one of our local markets!


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June 2014


The spring market finished stronger than the spring market in the last 5 years with rising sales, falling inventory and prices firming up moving solidly into a Seller’s market. It is the right time to get your home sold. Looking at the early July year to date number, the strong spring market is continuing in to a strong summer market.

 

Sales - The total sales for the 12 months ending June 2014 rose to 926, up 26% from the 12 months ending June 2013 and the highest volume of sales in the last 6 years just slightly below 2008.

 

Inventory - The average monthly inventory of single family homes dropped down 8% to 601 for the last 12 months ending in June 2014, the lowest average inventory we have seen in the last 6 years. Inventory has not been this low since 2008 just before the start of the recession triggered by the US banking crisis.

 

Prices - Average median prices continue to rise. At $344,675, average median prices for the last 12 months ending in June 2014 rose 6% over average median prices for the 12 months ending in June 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 (as much as 25%) 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 12.69% over the 12 month period ending June 2014, the highest in the last 6 years. At the end of June 2014, there was 5 months of inventory available on the market. This is considered a balanced market trending towards favouring Sellers over Buyers and putting more upward pressure on prices as inventory tightens.

 

From these numbers, it looks like we can expect the market to continue to rise as we continue in to the busiest summer season we have seen in 6 years. Sales for the first week of July 2014 continue to show improvement with a 78% increase over the same time period in July 2013.

 

The market over the next 6 to 12 months will be characterized by continued increasing sales and lower inventory moving more rapidly towards a market that now favours 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 at http://charlieveaudry.com/north-okanagan-real-estate-market-statistics.html on my web site with graphs and full detailed data.

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This time of year makes me want to be outside, enjoying the fresh air and sunshine!


Over the last few weeks, I was reminded of all the fantastic paths and walkways scattered through the Vernon area. It is a great time to be out walking and hiking, whether you are enjoying the beautiful Kalamalka Lake, stopping at BX Falls on your way up to Silver Star, or spending time downtown and enjoying the fauna and fowl in Polson Park.

 

A great resource for finding your way around the trails and paths in the Vernon area is the Ribbons of Green Trails Society. They list out and describe all the main walking areas in and around Vernon. This group started off as a committee to develop a plan for a system of linear parks, paths and bikeways in the Vernon area. The “Ribbons of Green” plan was adopted into the official Community Plan of the City of Vernon. The committee is now a legal society, and offers great resources for enjoying the Vernon area on foot.



Two trails I would suggest checking out are:


1. Polson Park Walkway. This is a surprisingly lovely little walk. Starting in Polson Park itself, just by the Japanese Gardens. The path is just less than a kilometer and will take you out on Polson Dr. You can also ride bikes along the boardwalks, and it makes a good detour on the way to Kalamalka Lake Park.

 

2. If you are looking for a more difficult route, try BX Falls. This is a great place to go on a hot summer day to escape the heat in the shade of the cedars along BX Creek. You can enter the trail from the top off of Tilicum Road, or from the lower end, off of Star Rd. The whole hike is about 3.7kms, and if you want a more leisurely stroll, I suggest the south end but if you are up for climbing MANY sets of stairs, the upper end to the falls themselves is a great way to get your heart rate going.


And these should get you started. But if you would like some more personal recommendations or to chat about all the things Vernon has to offer, please don’t hesitate to reach out!


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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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