February 2025 Real Estate Update: What’s Happening in the Kootenay Market?

February 2025 Real Estate Update: What’s Happening in the Kootenay Market?

📢 Big changes in the local real estate market this month! Whether you’re buying, selling, or just keeping an eye on trends, February’s update has a lot to unpack.

Market Shifts: Inventory Up, Prices Down, Homes Selling Faster

January brought some notable shifts in the Kootenay real estate market:

• 🏡 Inventory increased by 17.92%, with 204 homes now available.

• 📉 Prices dropped—the average sale price fell 14.84% to $647,837.

• ⏳ Homes are selling faster, spending 111 days on the market, down 39.15% from last year.

• 📈 Sales activity surged—17 homes sold in January, up 142.86% compared to just 7 in January 2024.

💡 What does this mean? With more inventory and lower prices, buyers may have more choices, but increased sales activity could heat up the market in the coming months.

Tariffs & Housing: What You Need to Know

One of the biggest topics in the real estate world right now? Tariffs. The BC Real Estate Association recently released a report on how tariffs could impact housing costs. We’ve included a link to the full report in our newsletter—be sure to check it out!

Featured Listings with Price Improvements

Looking for a great deal? These properties have recent price reductions:

🏠 1745 Ridgewood Rd – Now listed at $829,900

🏡 4625 Crescent View Dr – Now listed at $1,295,000

Click here for all our latest listings.

Stay Informed & Let’s Chat!

Want to know what these market changes mean for your buying or selling plans? We’re always happy to chat!  Send us an email at info@nelsonproperty.com.

📩 Read the full newsletter here: Click to view