Charlie Veaudry

Serving you with passion!

 

Silver Star Mountain gets a lot of attention in the winter as one of the top ski destinations in the world. People come from many countries to enjoy the downhill skiing and snowboarding, the Sovereign Lakes Nordic Centre, as well as Silver Star Village itself. And of course, it is a popular place for locals to enjoy the snow and sun as they can get up above the valley cloud cover in the winter. 

 

However, this summer my family made a trip up to the mountain and we discovered how much there is to enjoy up there all year around. It’s a fantastic place to do some hiking, mountain biking, animal & bird watching, enjoy a drink or a meal in the village, and you would be amazed at the variety of wildflowers scattered around the mountain top.

 

Silver Star provides a map of the mountain trails available to the public. There are some trails shared between biking and hiking, but the majority of them are designated. The map provides information about the length of the trails, and we found that they were clearly marked and easy to follow. The only thing I would recommend is that you bring your hiking poles as some of them provided quite the climb!

 

If you would like to enjoy the spectacular views, but don’t fancy the hike, the SkyChair is available to get you to the top!  And if you are really adventurous, Silver Star hosts Geocaching, a real world, outdoor treasure hunting game. 

 

Silver Star Mountain offers prime areas for nature watching. Birds and small animals find their homes there, and we even had a few deer sightings! The amount and variety of wildflowers are 

breathtaking. 

 

In the summer, the Village offers a choice of 3 restaurants, and the Town Hall is open for breakfast all summer long! A meal and a cold drink is a great way to end an outing to Silver Star in the summer. 

 

So, if you happen to be visiting Vernon and area in the summer, I would highly suggest taking time to visit the mountain, or if you already live in Vernon, take the time to enjoy what is at your finger tips! If you would like to know more about owning a condo or home in the Silver Star Village, please contact me and I would be happy to answer all your questions!

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I wanted to take a moment this week to give a nod to a little spot just east of Vernon and Coldstream: Lumby. This lovely little town often gets overlooked, but in the last few years has become a wonderful spot for first home buyers or people looking to get away from the hustle and bustle. It's also a great community for people living in the outskirts of Coldstream or halfway between Vernon and Lumby.

 

With a population of less than 2,000 people, Lumby brings the true small-town feel, but offers many wonderful outdoor activities, artisan wares and agricultural aspects.

 

First off, Lumby is very famous for it’s paragliding and hang gliding. So if you are interested in seeing the beautiful valley from a bird’s eye view, then feel free to visit the Freedom Flight School or Raven Aviation for details.

 

Lumby is also located close to many parks and lakes, so weekends in the outdoors are easy to come by. Some popular spots include Monashee Provincial Park, great for backpacking or hiking. Mable Lake and Sugar Lake are both close and are tranquil spots for enjoying your canoe or a night or two in a tent. Echo Lake Provincial Park is also a popular family camping spot. And if you decide to live in this area, you can cross country ski right out your back door, or take the few minutes to drive up to Silver Star Mountain for some downhill skiing.

 

Lumby and area are very popular for artists, and some retreat centers are available such as Bear Vally High Lands. The local farmers markets and galleries are the best ways to access and enjoy local art. 

 

Because of the beautiful farmland nestled in the Lumby Valley, many people use it for livestock and crops. Other artisan agriculturists also choose this area as it is close to amenities yet a beautiful rural area. Bella Stella Cheese, a family run business headed up by Igor Ruffa, offers locally made cheese. If you happen to drive through Lumby or if you decide to live in the area, make sure to stop and sample some of their traditional recipes.

 

If you would like to know more about Lumby, Coldstream or Vernon, send me an email or give me a call and I would be happy to help you get to know the area better.

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July 2014

 

The summer market continues stronger than the summer market in the last 6 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 August month to date number, the strong summer market continues with

sales up about 16% over August 2013.

 

Sales  - The total sales for the 12 months ending July 2014 rose to 967, up 26% from the 12 months

ending July 2013 and the highest volume of sales in the last 7 years since 2007.

 

Inventory  - The average monthly inventory of single family homes dropped down 8% to 592 for the last

12 months ending in July 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 $345,251, average median prices for the last 12

months ending in July 2014 rose 5.8% over average median prices for the 12 months ending in July

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 (some 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 13.39% over the 12

month period ending July 2014, the highest in the last 6 years. At the end of July 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 7 years. Sales for the first week of August 2014 continue to

show improvement with a 16% increase over the same time period in August 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 on my web site to view the graphs and fully detailed data.

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No matter how many times I drive into Vernon from Highway 97 to the south, I never grow tired of the beauty of Kal Lake and it’s continually changing palate of blues, greens & turquoise. This beautiful lake offer so much to Vernon and the surrounding areas. One place where you can get up close to enjoy it, is Kalamalka Lake Provincial Park.

 

Registered as provincial park in 1975, Kal Park now offers over 14km of hiking trails and a number of beaches and lake access spots. Very popular with the locals for biking, hiking & walking, swimming and enjoying the flora and fauna of the area, Kal Park is one of the most treasured spots in both the winter and summer.

 

If, like me, you have often wondered “why is the lake such an amazing range of colors?”, I can tell you because I 

finally looked it up! According to the Friends of Kal Park, Kal Lake is a ‘marl‘ lake where crystalized limestone creates the bright hues in the warm summer weather, and when the lime crystals dissolve in the cooler weather, the unique colors disappear too. So, let’s get out there and enjoy this amazing gem while the weather and colors are at their best!

 

The 3 access points to the park all provide trail information and maps, but you can also access all the information about there park on the BC Provincial Parks website.

 

For some, Kal Park takes the place of a big back yard, but they often have to travel to get there. There are a number of wonderful properties within walking distance, or even adjacent, to the Park, so if you would like Kal Park to really be your big back yard, give me a call or send an email and I would be happy to show you how this could happen!

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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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