Regional real estate climbed 4.2 per cent in July compared to the previous month and 11 per cent compared to the same time last year.
The Association of Interior Realtors said there were 312 sales recorded in the Kootenay-Boundary last month, up from 299 units sold in June.
But the 462 new listings recorded in the region in July marked a 4.7 per cent decrease compared to the same month the previous year. It was also down from June’s 524 new listings. Overall active listings in the region decreased 1.4 per cent compared to July 2024, when there were 1,793 listings recorded.
“The Kootenay Boundary’s real estate market continues to show steady performance, consistently outpacing year-over-year activity,” Association of Interior Realtors president Kadin Rainville said.
“We’re also beginning to see signs of tightening inventory, with active listings starting to trail behind buyer demand. Still, the region continues to stand out as one of the province’s more resilient markets.”
The benchmark price, which realtors said is a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes,” saw percentage increases in the Kootenay in the single-family and townhome housing categories compared to the same month the previous year, with 4.6 per cent and 4.3 per cent increases respectively, coming in at $627,800 and $539,900.
The benchmark price for condominiums saw a decrease of 6.7 per cent in year-over-year comparisons, coming in at $313,600.
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