As December blankets the Columbia Valley in a wintry glow, the real estate market has seen a flurry of activity, making it an exciting season for buyers and sellers alike. With festive cheer in the air, let’s take a look at how the market performed during this frosty month and what it could mean for you as we step into a new year.
A Frosty Boost in Activity ☃️🏡
December brought an impressive 70% increase in sold listings, climbing from 10 in 2023 to 17 in 2024. Similarly, new listings saw a 30% rise, with 39 fresh properties hitting the market compared to 30 last year. This winter wonderland of activity means buyers have more options to choose from, while sellers benefit from an uptick in demand.
Prices Heat Up Despite the Chill 🔥💰
In a surprising twist, the average list price soared by 66.88%, reaching $586,888, while the average sale price climbed even higher, by 74.73%, to $568,224. These figures reflect the continued strong interest in Columbia Valley properties, making it a great time for sellers to showcase their homes.
Homes Moving Faster Than Santa’s Sleigh 🎅🚪
The average Days on Market (DOM) fell by a significant 19.09%, dropping to 91.6 days from 113.2 last year. This faster pace highlights the motivation of winter buyers, making it crucial for sellers to be prepared for quick decisions.
Inventory Expands Like Holiday Spirit 🎄
End-of-month inventory grew by 47.79%, with 201 homes available compared to 136 last year. This increase, paired with a Months Supply of Inventory rising to 5.77 months (up by 48.50%), signals a more balanced market—ideal for both buyers seeking variety and sellers aiming for visibility.
Key Insights for December’s Market Players ❄️
Buyers:
With expanded inventory and a range of price points, now is the time to secure your dream property before the market warms up in spring.
Act quickly; while choices are abundant, homes are selling faster than last year.
Sellers:
Leverage the higher average sale prices to your advantage, but ensure your home is competitively priced to stand out.
Highlight your home’s winter charm—think cozy fireplaces, seasonal views, or proximity to winter activities like skiing and snowshoeing.
Why Winter is a Great Time to Make a Move 🌟
Winter may seem like a quieter time for real estate, but December’s data shows that the market is bustling. For buyers, it’s a chance to explore diverse options with less competition. For sellers, it’s an opportunity to attract motivated buyers in a market where prices are soaring.
At the Sherlock Homes Real Estate Team, we’re here to guide you through every snowy step of your real estate journey. Whether you’re looking to buy or sell, let’s make your winter move a success!
Ready to Make a Move? Let’s Connect! 📞
Contact:
Geoff Sherlock
Phone: 250-688-5151
Email: geoff@remaxinvermere.com
Lindsey Sherlock
Phone: 250-409-6464
Email: lindsey@remaxinvermere.com
Let’s turn your real estate goals into reality this winter! ❄️✨
