Ode to September

Oh, September, fairest of the summer months.  You tease us with promises of Indian summer but bring instead unseasonably cold temperatures that foretell of cruel fall weather.  You send torrents of rain that we could have used in July and August, but now just wash away dead grass and flowers, turning our yards into mini-mosh pits of mud and clay.

Your root word is “Sept”, From the Latin Septem, meaning seven, but you’re the ninth month of the year – what the heck?

Yes, September, wonderful September.   Don’t put away those lawnmowers just yet.  There may be half a day, never on the weekend mind you, that will be warm and dry enough to mow your 6-inch tall grass.  But quickly now, for as sure as day passes into night, so shall the sun  pass behind a rain cloud and stay there until  you’ll need a weed-whacker to cut your lawn.

Ah, September, lovely September.  The only month to start with the letter “S”, symbolizing the snakes which have not all hibernated by September.  So don’t even think about hiking in the grasslands because the snakes this time of year are meaner than the drowsy, dying wasps that like to sting you for the hell of it because it’s the end of the season for them, and I’ve developed an allergy so the sting site swells up to 4 times normal size – not life threatening, touch wood, but very painful and damned embarrassing when I have to go out in public looking like the Elephant Man.  But I digress.  This is about September, not me.

You’re too cold for swimming, too warm for snow skiing.  Neither the CFL nor the NHL plays regular season games and there’s nothing else good on TV either.

BUT…         (cue music)

The kiddies go back to school again.  Hurrah, hurrah!

The kiddies go back to school again.  Hurrah, hurrah!

Kindergarten is all day too

And James is so tired he sleeps the night through.

All the parents smile when

The kiddies go back to school!

I’ve decided to stop referring to these monthly letters as love letters.  All in all, I think most of the women I’ve spoken with think it’s a funny, quirky title.  But too many of the men I think, get weirded out with the idea of receiving a love letter from me.  I think I’ll start calling them monthly updates or simply “letters”.  If anyone has an idea of what to call them, please let me know.  As always, I enjoy and appreciate reading all of your feedback regarding these letters.

And many, many thanks to those of you who have contacted me with real estate inquiries or passed on referrals to me.  Your support means the world to me.

                __________________________________________________________________________________

REAL ESTATE NEWS

August sales improved somewhat over the previous month – 79 homes sold versus 70 in July.  The story behind those numbers though is 33 homes sold in the first half of August and 46 sold in the second half – a second half increase of about 40%.  Now, that number alone doesn’t signify much, but we can also look at anecdotal evidence of market activity.  Open House attendance is increasing, more inquiries are coming into our office switchboard and Realtors are taking clients out to view houses more often, to name but a few.  All these point to a stronger market in the fall, which historically is the usual case. 

As of September 24, 2010, there have been 63 home sales in the Vernon area, putting September sales on track to be as strong as or stronger than August sales.

The percentage of houses sold for over $500,000 in August dropped from June’s 29% and July’s 19%, down to 10% of the total August sales.  I have no comment on that other than to say I didn’t see that coming.  That’s the problem with trend watching.  You can never tell if it’s actually a trend!   I’m going to keep tracking it though, because September sales for $500,000 + homes are currently around 20%.  More on that next month.

Vernon & Area Monthly Home Sales 2010 *

           
                                 
 

April

April %

May

May %

June

June %

July

July %

Aug

Aug %

           

Under $100,000

3

2%

2

2%

3

4%

1

1%

4

5%

           

$101 - $200,000

11

8%

13

13%

8

12%

19

27%

12

15%

           

$201 - $300,000

37

28%

27

28%

12

18%

13

19%

22

28%

           

$301 - $400,000

42

32%

33

34%

17

25%

17

24%

16

20%

           

$401 - $500,000

23

17%

13

13%

8

12%

7

10%

17

22%

           

$501 - $600,000

10

8%

5

5%

9

13%

3

4%

5

6%

           

$601 - $700,000

5

4%

3

3%

5

7%

4

6%

1

1%

           

$701 - $800,000

1

1%

0

0%

4

6%

1

1%

1

1%

           

$801 - $900,000

0

0%

0

0%

1

1%

2

3%

1

1%

           

$901,000 +

1

1%

1

1%

1

1%

3

4%

0

0%

           

Totals

133

 

97

 

68

 

70

 

79

             

 

* Statistics are gathered from Okanagan Mainline Real Estate Board (OMREB) and subject to verification.

 

Details of Sales search parameters are available from Ken Dickson.

Ken Dickson

Ken Dickson

Sales Representative
CENTURY 21 Executives Realty Ltd.
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