Charlie Veaudry

Serving you with passion!

Vernon is the place to live if you just love to eat fresh, local produce all summer long. We have 5 regular markets each week, so you don't have to go too long without your fix! 


Vernon Farmer's Market


8am to 1pm Monday & Thursday

3445 43rd Ave at Kal Tire Place parking lot


Coldstream Farmer's Market


Wednesdays from 2:30 to 6pm

9909 Kal Lake Road


Avenue Market


Fridays from 4pm to 8pm

at the corner of 30th Ave and 30th Street downtown


Armstrong Farmer's Market


Saturdays from 8am to 12pm

3371 Pleasant Valley Road


Read full post

Making a summer want-to-do list is a great way to be sure you make time for everything you want to do before the season slips by. You can probably think of plenty of items to add to your list that involve outings, like spending the day at the beach, visting your favorite vinyard, jumping in a lake or taking weekly visits to the Farmer's Market — but what about fun things you can do without leaving home? Consider adding these 12 ideas to your list.
Contemporary Exterior by Streeter & Associates, Inc.

1. Photograph your house. Years from now, whether you still live in your home or have moved on to another place, it can be rewarding to have a few mementos of your home life as it is today. Take a few shots of the exterior from across the street and each room inside, plus any special details, like your children's height marks on a door frame or the view from your favorite window. Taking photos in the summer will give the best perspective of your home and can come in useful if you end up trying to sell your home in the winter or spring when things are not so lush.

Farmhouse Patio by Going Home To Roost

3. String up a hammock. Just looking at a hammock swaying gently in the breeze is relaxing — actually lounging in one is even better! If you don't have trees or a pergola to hang yours from, look for a hammock that comes with its own freestanding frame. A hammock in the shade is a great way to beat the Okanagan heat!
Article adapted from the original courtesy of Houzz.
Read full post

June sales dropped 12.3% over June last year similar to what happened with sales last month in May. Our local real estate market continues to see-saw it’s way to recovery. Even year to date sales continue to drop and are now down 9% from 520 last year to 464 this year. The gradual restoring of overall consumer confidence that we are seeing throughout BC and the rest of Canada is not as steadily reflected in the real estate market in the North Okanagan. This see-saw effect has shown up about every other month since November of 2014. 


Sales  - The total sales for the 12 months ending June 2015 was at 975, up only 5% from the 12 months ending June 2014. The recovering market continues to loose steam, although this is still the highest

volume of sales in the last 7 years since 2008. This month’s increase over last year is lower than the last 2 month’s increases of 10% and 16%, another factor that shows a stalling recovery.


Inventory  - The average monthly inventory of single family homes dropped 10.3% to 539 for the last 12 months ending in June 2015, again, the lowest average inventory we have seen in the last 7 years.

Inventory has not been this low since 2008, at the start of the recession triggered by the US banking

crisis. The drop in the 12 month average was less than the 11.9% of the last two month’s. With more

Buyers out there looking for reasonably priced homes Sellers are deciding that they can finally make that

move that they have had to put on hold since 2008.


Prices  - Prices are stagnating due to the slower sales though we are seeing continued (but weakening)

slight upward pressure on average median prices. At $348,443, average median prices for the last 12

months ending in June 2015 edged up slightly by 1.1% from 12 months ending in June 2014 and up 6.9%

from 2013 when we reached the lowest average median price of the last 8 years. If more Buyers enter the

market and the inventory tightens, we will see more upward pressure on prices, otherwise expect

stagnation to continue and prices may even drop slightly.


Absorption Rate  - The rate at which our inventory is being absorbed by sales dropped slightly again

compared to last month. The average absorption rate of 14.66% over the 12 month period ending June

2015, is still the highest in the last 7 years and down again from last month’s 14.96%. At the end of June

2015, we still have 6 months of inventory available on the market, the same as the last 2 prior months.

This is still considered a Seller’s market and will continue to put upward pressure on prices as Buyers

compete for the available homes.


From these numbers, it will be interesting to continue to watch how the summer market unfolds which is

usually slightly slower, historically. It appears that Buyers and Sellers are hesitating with their plans.

Buyers are still leading the way but losing momentum. Sellers who have tried to sell their homes over the

last few years will still have a much better chance this year as we see more and more Buyers.


At this point we still expect that the market over the next 6 to 18 months will be characterized by slightly

increasing sales and lower inventory moving more strongly towards a market that favours Sellers with

more competition from Buyers and slowly rising prices. Prices will rise when consumer confidence

gathers momentum and brings with it more Buyers putting downward pressure on available inventory.

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

Read full post
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.