Residential real estate activity in the Kootenay-Boundary region experienced a decrease in sales volume in November compared to October, but showed a slight increase when compared to the same month in the previous year. Despite a dip in new listings and overall sales from the prior month, the market demonstrated resilience with a modest year-over-year gain and stable benchmark prices across various property types.
Key Takeaways
- November saw 193 homes sold, down from 300 in October, but up 0.5% from November of the previous year.
- New listings also decreased from October to November, but increased by 2.8% year-over-year.
- Overall active listings saw a 1% increase compared to the previous year, reaching 1,394.
- Benchmark prices for single-family homes, townhomes, and condominiums all saw year-over-year percentage increases.
November Sales and Listings
The Association of Interior Realtors reported that 193 homes were sold in the Kootenay-Boundary region during November. This figure represents a notable decrease from the 300 sales recorded in October. However, when compared to November of the previous year, sales activity saw a marginal increase of 0.5 percent.
New listings also followed a similar trend, with 254 new properties entering the market in November, down from 362 in October. Despite this monthly decline, new listings were up by 2.8 percent compared to the same month in the prior year.
Inventory and Market Conditions
Overall active listings in the Kootenays experienced a one percent increase compared to November of the previous year, with a total of 1,394 properties available on the market. Association of Interior Realtors president Kadin Rainville commented on the persistent low inventory, stating, "Listing supply in the Kootenay region remains compressed, which is no surprise given the ongoing challenges in sustaining higher inventory levels in the region — perhaps a reflection of the area’s growing popularity."
Rainville expressed optimism about the market's trajectory, noting, "It is positive to see that sales activity was largely on par with the same month last year, which should set up a solid handoff heading into 2026."
Benchmark Price Trends
The benchmark price, considered a more accurate indicator of property value than average or median prices, showed positive year-over-year growth across different housing categories. In November, the benchmark price for single-family homes increased by 1.8 percent to $607,500. Townhomes saw a 3.7 percent rise, reaching $501,100, while condominiums experienced a 1.9 percent increase, settling at $323,700.
