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New property listed in Invermere

I have listed a new property at 1823 12A AVENUE in Invermere. See details here

NO RESTRICTIONS & NO STRATA!!! All of the work has been done and you can start building your new home! The land has been cleared, home plans have been completed, a geo tech report is available and even the survey is ready to hand over. This fully serviced town lot does not fall under any building schemes, no strata, no extra fees and no GST. This lot is perfectly graded for a walk out basement, or if you prefer you can put a mobile home in place and start enjoying life in the Columbia Valley right away. You are walking distance to the schools, town, or the many trails in town, pickleball is just down the road, the lake is a short trip or skiing at Panorama is a quick 20 mins up the hill. Come discover everything there is to offer, ask for details on this amazing opportunity today! (id:2493)

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New property listed in Invermere

I have listed a new property at 2621 BREWER RIDGE RISE in Invermere. See details here

Discover the epitome of mountain living in this luxury post and beam home nestled within the sought-after Castlerock neighborhood of Invermere, BC. Imbued with timeless charm and contemporary sophistication, this home promises an exceptional mountain lifestyle. As you step inside, you'll be greeted by expansive, vaulted ceilings that open up onto stunning mountain views that capture the lake in the distance. The kitchen is a chef's dream with a large island, leathered granite countertops, ample storage with high-end appliances and craftsman built cupboards. In the summer, you can relax on the expansive deck that offers unrivalled views of the mountains. During those cold, winter evenings, enjoy the warmth of the wood-burning fireplace, accented by floor-to-ceiling stone work. The master suite invites you to enjoy stunning mountain views, a luxurious ensuite bathroom and an expansive walk-in closet. The den provides a great space for working remotely or serves as an extra bedroom for guests. Downstairs, the fully finished basement includes two more large bedrooms, a full bathroom, recreation area and media room, perfect for a game of billiards or a cozy night in. This home doesn't just provide luxury and comfort, it ensures energy efficiency with ICF construction to the roof-line, a heat pump, triple pane windows, radiant heat throughout the basement the list goes on. To complete this home, a heated oversized garage provides more than just storage options. This is the home you have been waiting for. (id:2493)

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New property listed in Windermere

I have listed a new property at 1496 HIGHWAY 93/95 in Windermere. See details here

Discover a one-of-a-kind opportunity at Bay 11, 1496 Highway 93/95! This 1,200 sq. ft. storage unit with mezzanine is meticulously designed for maximum utility and versatility. The mezzanine, with full approval from the RDEK, boasts three spacious offices and a boardroom, offering a professional and efficient workspace. The lower level includes an additional office and a kitchenette, ensuring comfort and convenience for your team. Ample storage space remains on the ground floor, perfect for organizing and managing your operational needs. Currently utilized as an operational base for a local business, this unit's central location provides easy access and unmatched convenience, making it an ideal hub for any small or growing business in the Columbia Valley. Shared bathrooms onsite add to the functionality, while the adaptable layout ensures it can meet diverse business requirements. Whether you're seeking an excellent business base or a premium storage solution, this property offers a fantastic opportunity to elevate your operations. (id:2493)

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June 2024 Market Update: Embrace the Summer Vibes in Kootenay Real Estate!

As the summer sun warms the Kootenay region, the real estate market continues to reflect both challenges and opportunities for buyers and sellers alike. Here’s a detailed analysis of the June 2024 market performance, perfect for those looking to make a move during this vibrant season.

Inventory on the Rise

The Kootenay real estate market saw an increase in new listings, with 122 properties entering the market in June 2024. This marks an 11.93% rise from the previous year, bringing the total inventory to 474 homes, up by 17.62%. This influx of properties offers a plethora of options for buyers eager to find their ideal summer retreat.

Shifting Price Trends

While the number of listings increased, the average list price saw a slight dip, falling by 0.58% to $511,687. Similarly, the average sale price decreased by 0.91% to $496,766. These modest declines indicate a more balanced market, potentially providing a favorable environment for buyers looking to negotiate their summer purchases.

Sales Activity and Market Dynamics

June 2024 experienced a notable decrease in sold listings, dropping by 38.46% compared to June 2023, with only 32 properties sold. Despite this reduction in sales, the average days on market decreased by 11.23%, now standing at 65.09 days. This suggests that while fewer properties are selling, those that do are moving more quickly, a sign of motivated buyers and competitive pricing strategies.

Strategic Pricing and Seller Insights

The average percent of selling price to list price slightly decreased to 96.25%. Sellers are achieving close to their asking prices, but strategic pricing remains crucial in this competitive market. Effective marketing and realistic pricing are key to attracting serious buyers during the summer season.

Regional Highlights

  • Canal Flats: This area saw an impressive influx of new listings, providing ample opportunities for those seeking tranquil, nature-filled living.

  • Invermere: Continues to attract interest, particularly in higher-valued properties, reflecting its appeal as a premium destination.

  • Radium: Demonstrated balanced market dynamics, with a steady flow of listings and sales, making it a reliable choice for both buyers and sellers.

Months’ Supply of Inventory

The months' supply of inventory increased to 12.05, an 18.86% rise from the previous year. This indicates a stable market, with a sufficient supply of homes to meet buyer demand without causing significant price hikes. This balance benefits both buyers, who have more choices, and sellers, who face less pressure to reduce prices.

Expert Guidance for Summer Moves

Whether you’re looking to buy or sell, leveraging detailed market insights and professional guidance is essential. The Sherlock Homes Real Estate Team at RE/MAX Invermere is here to support your real estate journey. Our expert team can help you navigate the Kootenay market with confidence, ensuring a seamless and successful transaction.

Enjoy the Summer with Confidence in Your Real Estate Decisions

June 2024 presents a dynamic and promising landscape in the Kootenay real estate market. Embrace the summer vibes and make informed decisions with the help of seasoned professionals. Contact us today to start your real estate journey with confidence and success.

For personalized advice and expert guidance, reach out to Geoff Sherlock at RE/MAX Invermere. Your dream home or perfect buyer is just a call away!

Contact:

Lindsey Sherlock Phone: 250-409-6464 Email:lindsey@remaxinvermere.com 

Geoff Sherlock Phone: 250-688-5151 Email: geoff@remaxinvermere.com

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