Real estate sales in the Kootenay-Boundary were down last month compared to November, but up significantly compared to the same time in the previous year.
According to the Association of Interior Realtors, 153 residential properties changed hands in our area in December, which was more than a 25 per cent increase on December 2024. However, it was down from November’s 193 units sold.
There were 174 new listings in the region in December, which was an 8.1 per cent increase compared to the same month the previous year, but down from November’s 254 new listings. Overall active listings in the Kootenays saw a 4.3 per cent decrease compared to December 2024 with 1,189 listings recorded.
“The Kootenay real estate market recorded activity levels consistent with what we typically expect in December, with prices holding relatively stable across much of this diverse region,” association president Kadin Rainville said in a news release, adding that “while inventory constraints typically place upward pressure on prices, the increase in new listings is a positive development as we head into the new year.”
The benchmark price, which realtors say 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 Kootenays in the single-family and townhome housing categories compared to the same month the previous year, of 1.6 per cent and 1.1 per cent increases respectively; coming in at $598,500 and $500,000. Among condos, benchmark prices saw a decrease of 3.8 per cent in year-over-year comparison, coming in at $324,700.
