Summer Holidays, Hot Sales, and Cool Negotiations

July in the Columbia Valley means sunshine, lake days, and family vacations—but it also brought a healthy surge of real estate activity. While many people were floating on paddleboards or roasting marshmallows, the local market was quietly heating up. With more listings, stronger sale prices, and steady buyer activity, July 2025 showed us that summer fun and smart moves can go hand in hand.

Here’s your local market snapshot across Invermere, Windermere, Radium Hot Springs, Fairmont, Panorama, and beyond:

🏡 July 2025 Market Snapshot (Year-over-Year)

🏖️ What the July Numbers Are Telling Us

🌞 More Listings, More Sales, Higher Prices
July brought a 25% bump in new listings and a nearly 7% increase in sales, signaling strong activity even as locals and visitors hit the lake. Buyers are still shopping, and sellers are feeling confident listing at higher price points—with average list prices jumping to $779,634.

💰 Prices Continue to Rise
Average sale price climbed to $716,973, a 10.19% YoY increase. This shows buyer demand remains solid, particularly in desirable areas and properties offering summer appeal—like outdoor living spaces, lake access, or mountain views.

⏳ Longer Days on Market, But Steady Demand
Homes are taking longer to sell (105 days on average), but with fewer listings overall, the market remains competitive. Buyers are being more methodical, but they’re still writing offers—especially when properties are priced right and summer-ready.

📉 Tightening Inventory = Stronger Position for Sellers
With a 15.74% drop in end-of-month inventory and MOI falling below 8 months, sellers are in a stronger negotiating position, particularly in the sub-$700K range. If this pace continues, August could bring even firmer pricing.

🧭 What This Means for You

For Buyers:

• Summer is still a great time to buy, but inventory is tightening.

• Expect competition on well-priced, well-presented properties.

• Be ready to move quickly, and lean on expert advice to avoid overpaying.

For Sellers:

• If you’ve been considering listing, now is the time.

• Buyer demand is strong, especially for homes with outdoor appeal.

• Homes that are staged, priced competitively, and marketed well are still moving.

🌴 Summer Isn’t Over Yet — Let’s Make Your Move

With warm weather, longer days, and a still-active buyer pool, July’s market offers strong opportunity whether you’re buying, selling, or just exploring your options. The Sherlock Homes Real Estate Team is here to help you make the most of the season.

📞 Geoff Sherlock – 250-688-5151
📧 geoff@remaxinvermere.com
🏡 RE/MAX Invermere

📞 Lindsey Sherlock – 250-409-6464
📧 lindsey@remaxinvermere.com
🏡 RE/MAX Invermere

🏡 RE/MAX Invermere to make a move before summer fades? Let’s get started while the market—and weather—is still hot! 🔑☀️

Start of Summer Brings Sizzling Sales, Slim Inventory

As summer kicks off in the Columbia Valley, the real estate market is heating up! June brought a wave of buyer activity that outpaced new listings, resulting in tighter inventory and a more competitive market environment. Whether you’re planning a move, an investment, or just keeping tabs, here’s your local market snapshot:

📊 Key Highlights – June 2025 vs June 2024:

• Sold Listings: 46 homes sold – up 43.75% from 32 in June 2024

• New Listings: 69 new listings – down 16.87% from last year’s 83

• Average Sale Price: $529,915 – a slight decrease of 0.6%

• Average Days on Market: 99 days – up 47.3%, indicating slower pace

• End-of-Month Inventory: 273 homes – 20.4% less than June 2024

• Months Supply of Inventory (MSI): 7.57 months – down 22.25%, showing higher absorption

🌞 Start of Summer Market Sentiment

Despite a small dip in average sale price, buyer confidence is strong. With sales up significantly and fewer homes being listed, competition is tightening—especially in the mid-range and entry-level price brackets.

The Columbia Valley’s beauty shines brightest in summer, and so does its appeal to buyers. Panorama, Fairmont, Windermere, and Invermere continue to attract interest, especially from out-of-town buyers seeking recreational or retirement homes.

💡 What This Means for Buyers & Sellers

For Sellers:
Now’s a great time to list, especially if your home is priced right and summer-ready. With fewer listings on the market and strong sales activity, well-presented properties are standing out.

For Buyers:
Inventory is slimmer than usual, so be prepared to act fast. The days on market have stretched, but that could create room for negotiation—especially if properties are sitting longer than expected.

📈 Looking Ahead

As we move deeper into the summer season, we expect buyer interest to remain strong, especially in lake-access and view properties. If the listing slowdown continues, we could see further pressure on pricing through July and August.

Thinking of buying or selling this summer? Let’s chat about your goals and how to make the most of current market conditions.

📞 Geoff Sherlock | Sherlock Homes Real Estate Team, RE/MAX Invermere
📧 geoff@remaxinvermere.com | 📱 250-688-5151

📞 Lindsey Sherlock | Sherlock Homes Real Estate Team, RE/MAX Invermere
📧 lindsey@remaxinvermere.com | 📱 250-409-6464

As the scent of lilacs gives way to sunscreen and patios, the Columbia Valley real estate market is following suit—shifting from spring energy into early summer momentum. May delivered a mix of consistency and subtle shifts, with sales rising, prices holding firm, and the market showing signs of healthy seasonal rhythm. Whether you're gearing up for a summer sale or hoping to settle in before beach season peaks, here's what the latest numbers reveal.

🏡 Sales Pick Up with the Summer Breeze

• 50 homes sold in May—up 2.04% compared to last year’s 49.

• Buyers were more active, and homes moved faster: Days on Market dropped 22.55% to 72.3 days on average .

This marks the second month in a row of strong buyer activity, a clear signal that summer is sparking action.

💰 Prices Hold Steady in the Sunshine

• Average List Price: $663,591 — up 5.78% YoY

• Average Sale Price: $615,947 — up 1.14% YoY

• Sale-to-List Ratio: 92.81%, slightly down by 4.37%

Prices remain stable, with slight YoY gains, even as buyers negotiate a little more confidently. For sellers, it’s a reminder to price strategically—homes that shine and are well-positioned are still closing close to list.

🌿 New Listings Bloom, but Inventory Remains Lean

• 117 new listings, down 4.1% from May 2024

• Active inventory: 292 homes, down 4.58% from last year

• Months of Supply: 7.71, showing a slight increase of 0.51%, keeping us in a gently buyer-favored market

While new listings are steady, the drop in overall inventory highlights a key trend—demand is quietly outpacing supply in certain segments, especially under $650K.

🌞 Key Takeaways for May

Buyers:

• Summer activity is heating up—act early for the best selection.

• With inventory slightly lower than last year, competition is rising in certain price ranges. Be ready to act decisively.

Sellers:

• Homes are still selling well, especially those under the average list price.

• Stage your home for summer living—think patios, gardens, and outdoor entertaining.

• Pricing is key: the right number brings motivated buyers quickly.

🌺 Summer Starts Now—Let’s Make Your Move

Whether you're searching for a lakeside retreat, upsizing for family summer adventures, or selling before fall, now is the time to make your move. The Columbia Valley market is warm, active, and full of opportunity—and the Sherlock Homes Real Estate Team is here to help you navigate every step.

Connect with Us

📍 Geoff Sherlock
📞 250-688-5151
📧 geoff@remaxinvermere.com

📍 Lindsey Sherlock
📞 250-409-6464
📧 lindsey@remaxinvermere.com

The season is changing—and so can your address. Let’s make this summer one to remember! ☀️🔑

April brought more than Easter treats and blooming flowers—it delivered a balanced real estate market across the Columbia Valley. While not as energetic as last year, the numbers show continued resilience, rising prices, and a healthy mix of buyer and seller activity. Whether you're nesting in or ready to leap into your next move, here’s what the latest stats reveal.

🐰 Inventory Hops Down, Balancing the Market

The total number of homes on the market fell by 10.44%, down to 266 active listings. This spring inventory decline has helped stabilize the Months of Supply, which dropped to 7.69 months—an 8.71% decrease from last April.

While this is still a buyer-leaning market by traditional standards, the gap is slowly closing, bringing us closer to balanced conditions.

💐 Price Growth Continues to Bloom

• Average List Price: $649,531 — up 6.88% YoY

• Average Sale Price: $602,306 — up 1.41% YoY

Despite fewer sales, prices are holding strong. For sellers, this is a reassuring sign that your home’s value remains solid heading into the peak spring season.

🥚 Sales Volume Cracks, but Demand Still Present

• 36 homes sold in April, a 12.2% decline from 2024

• The sale-to-list price ratio held steady at 95.90%, a slight dip of just 0.16%

• Days on Market (DOM) increased by 20.95% to an average of 71.8 days

Fewer sales and longer DOM suggest buyers are taking more time to browse, but strong pricing metrics indicate that serious buyers are still in the game.

🌼 New Listings Pop Up

There were 89 new listings in April—virtually flat year-over-year, but up significantly from March, giving buyers more options to explore as the season warms up.

🧺 Key Takeaways for April

Buyers:

• Inventory is down slightly, but fresh listings are springing up.

• With prices staying strong and homes taking longer to sell, it’s a great time to shop smart and negotiate confidently.

Sellers:

• List now to get ahead of the late spring rush.

• Strong average sale prices and minimal price reductions show that well-marketed homes are still fetching top dollar.

🌸 Ready to Hatch a New Move?

Whether you’re springing into your first home or upgrading your nest, the Sherlock Homes Real Estate Team is here to guide you every step of the way. Let’s crack open your next chapter in real estate—together!

Let’s Connect!

📍 Geoff Sherlock
📞 250-688-5151
📧 geoff@remaxinvermere.com

📍 Lindsey Sherlock
📞 250-409-6464
📧 lindsey@remaxinvermere.com

Spring has sprung—let’s make this season your most successful yet! 🐇🔑

As spring begins to breathe new life into the Columbia Valley, the residential real estate market is showing signs of growth and resilience—just like the crocuses poking through the last of the snow. March brought a mix of fresh inventory, rising prices, and steady sales activity, pointing to a market that’s balancing out after a dynamic winter. Let’s dig into the numbers and see what this means for buyers and sellers this season.

🌷 Listings Ease, But Demand Remains Strong

• New listings dipped 18.75%, with 65 properties hitting the market compared to 80 last March.

• Despite this seasonal pullback, demand stayed consistent, with 38 homes sold, a slight 2.7% increase over last year​.

This shows us that while fewer homes are entering the market, motivated buyers are still making moves—and quickly!

💸 Prices Continue Their Spring Climb

• Average List Price: $595,832 (+6.67% YoY)

• Average Sale Price: $568,137 (+7.52% YoY)​

This upward trend in pricing highlights the strong market confidence. Sellers are achieving excellent returns, while buyers should be prepared for competitive pricing across many segments.

⏱️ Days on Market Creeps Up, But Still Healthy

Homes took an average of 90.21 days to sell, a 2.76% increase from last year. While slightly longer than last March, this figure still suggests steady buyer engagement, particularly in higher price points​.

🏘️ Inventory Holds Steady, Keeping Market Balanced

• End-of-month inventory: 236 homes, down 5.6% YoY

• Months of Supply: 6.74 months, a slight 3.35% drop​

With a stable level of active listings and a healthy absorption rate, we’re looking at a market that’s neither too hot nor too cold—perfectly spring balanced.

📊 Key Takeaways for March

Buyers:

• Be ready to move fast—inventory may be tighter, and prices are climbing.

• Work with an agent to stay ahead of new listings, especially as spring activity ramps up.

Sellers:

• This is a fantastic time to list.

• With fewer listings competing and prices trending up, your property could stand out—especially if it’s move-in ready and well-presented.

🌼 Spring into Action with Sherlock Homes

Whether you’re planting the seeds for a future purchase or ready to list your home this spring, the Sherlock Homes Real Estate Team is here to help you grow your real estate goals into reality. The Columbia Valley is buzzing with fresh energy—let’s make this your season of smart moves!

Let’s Chat!

📍 Geoff Sherlock
📞 250-688-5151
📧 geoff@remaxinvermere.com

📍 Lindsey Sherlock
📞 250-409-6464
📧 lindsey@remaxinvermere.com

Spring has arrived—let’s turn over a new leaf in your real estate journey! 🌸🔑

Posted on March 4, 2025 by Sherlock Homes Real Estate Team

As winter winds down and we inch closer to spring, the Columbia Valley real estate market has shown some interesting shifts. While February typically sees a slower pace, this month brought a mix of declining prices, faster sales, and a steady inventory increase. Here’s what you need to know about the latest trends and how they may impact your real estate decisions.

Inventory Expands, Providing More Options for Buyers 📈🏡

February ended with 223 active listings, an 8.25% increase compared to last year. This steady growth is helping create a more balanced market, giving buyers more selection and negotiating power. The Months Supply of Inventory (MSI) also grew by 9.03% to 6.4 months, indicating a slightly slower absorption rate as listings outpaced sales.

Prices Experience a Seasonal Dip 📉💰

For the first time in months, we saw a moderate price decline:

• Average List Price: $498,777 (-9.15% YoY)

• Average Sale Price: $483,331 (-7.75% YoY)

While prices softened, the sale-to-list price ratio increased to 97.55%, meaning sellers are still achieving strong returns close to their asking price.

Homes Selling Faster Despite Fewer Sales ⏳🚀

• 26 properties sold, down 13.33% from last February.

• Homes sold in an average of 60.81 days, a 30.72% decrease in Days on Market (DOM) from 87.77 last year.

This means that while fewer transactions took place, serious buyers were quick to act on well-priced properties.

New Listings Slightly Decline But Remain Strong 🏠✨

• 65 new listings hit the market, down 13.33% from last year’s 75.

• Despite this drop, new inventory levels remain above the 5-year average, suggesting sellers are still confident in listing their homes.

Key Takeaways: What This Means for You 🔑

🔹 Buyers: Prices have cooled slightly, and inventory is rising, giving you more negotiating power. With homes selling faster, act quickly when you find the right property!

🔹 Sellers: Although prices dipped, well-priced homes are moving quickly. Ensuring your home is competitively priced and showcasing its best features will help you attract serious buyers.

Looking Ahead: Spring Surge Incoming? 🌷🏡

As we transition into spring, we often see an increase in market activity. If you’re considering buying or selling, now is a great time to plan your next move with expert guidance.

At Sherlock Homes Real Estate Team, we’re here to help you navigate the market with confidence. Whether you’re looking for a new home or preparing to sell for top dollar, let’s make the most of this season together!

Ready to Make a Move? Let’s Talk! 📞

📍 Geoff Sherlock
📞 250-688-5151
📧 geoff@remaxinvermere.com

📍 Lindsey Sherlock
📞 250-409-6464
📧 lindsey@remaxinvermere.com

✨ Thinking about buying or selling? Let’s make your next move a successful one! 🚪🔑

Posted on February 1, 2025 by Sherlock Homes Real Estate Team

The new year has arrived, bringing with it fresh opportunities and renewed energy in the Columbia Valley real estate market! Whether you’re setting new homeownership goals or looking to make a strategic move, January’s market trends are setting the stage for an exciting 2025. Let’s dive into the latest numbers and what they mean for buyers and sellers alike.

A Surge of New Listings to Kick Off the Year 🎆🏡

January saw an 87.1% increase in new listings, jumping from 31 in 2024 to 58 in 2025. This wave of fresh inventory gives buyers a fantastic selection to choose from, making it a great time to start house hunting. If you’ve been waiting for more options, this could be your moment!

Prices Climb as Demand Stays Strong 📈💰

The average list price rose by 29.32% to $551,413, while the average sale price increased by 30.39%, reaching $518,789. This upward trend reflects a competitive market where well-priced homes continue to attract buyers. Sellers, take note—pricing your home correctly can make all the difference in securing a great offer.

Homes Selling Faster Than Last Year 🚀⏳

Buyers weren’t just browsing—they were acting fast. The average Days on Market (DOM) dropped by 31.53%, from 110.8 days last January to just 75.87 days this year. This means motivated buyers are making decisions quicker, so sellers should be prepared for faster turnarounds.

Inventory Expands to Meet Demand 🏠📊

The total number of available homes at the end of January grew by 38.1%, reaching 203 units. Meanwhile, the Months Supply of Inventory climbed to 5.84 months, a 40.41% increase from last year. This signals a more balanced market, giving buyers a little breathing room while still keeping sellers in a strong position.

What This Means for You 🔑✨

Buyers:

• With new listings flooding the market, you have more choices than in previous months—this is your chance to find the perfect property.

• Act quickly! Homes are selling faster, and those that are well-priced won’t last long.

Sellers:

• The rising sale prices indicate that buyers are still willing to pay for the right home—ensure your property is well-prepared and competitively priced.

• With homes selling faster, being market-ready from day one is crucial to attracting strong offers.

2025: A Year of Real Estate Possibilities! 🌟

Whether you’re looking to buy your dream home, sell for the best price, or simply explore your options, the start of the year is the perfect time to make your move. The Columbia Valley real estate market is buzzing with activity, and we’re here to help you navigate it with confidence.

At Sherlock Homes Real Estate Team, we’re committed to making your real estate journey smooth, stress-free, and successful. Let’s make 2025 your year of smart real estate decisions!

Ready to Make a Move? Let’s Chat! 📞

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

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

New year, new home? Let’s make it happen together! 🎊🏡

Spring is just around the corner, and it’s the perfect season to list your home for sale. Buyers are emerging from winter hibernation, eager to find their dream home as the flowers bloom and the real estate market heats up. But to make sure your property shines and attracts the best offers, there are a few steps you should take to prepare your home or property for the spring market.

1. Enhance Your Curb Appeal

The exterior of your home is the first thing buyers see, and a great first impression can make all the difference. Here’s how to spruce it up:

• Landscaping: Trim hedges, mow the lawn, plant seasonal flowers, and remove any debris from winter storms.

• Cleaning: Power wash the driveway, sidewalks, and siding. Clean the windows to make them sparkle.

• Repairs: Fix any visible issues, such as broken gutters, chipped paint, or loose shingles.

2. Declutter and Depersonalize

Buyers need to envision themselves living in your home, which can be challenging if it’s filled with personal items or clutter. Take the time to:

• Declutter: Remove excess furniture and personal belongings to make rooms feel more spacious.

• Organize: Arrange closets, pantries, and storage spaces neatly—buyers will likely peek inside.

• Neutralize: Tone down bold color choices and remove highly personal decor, like family photos or unique collectibles.

3. Deep Clean Every Corner

A clean home signals to buyers that the property has been well cared for. Focus on:

• Scrubbing kitchens and bathrooms until they gleam.

• Dusting light fixtures, baseboards, and ceiling fans.

• Shampooing carpets and polishing hardwood floors.

4. Make Necessary Repairs and Updates

Small improvements can have a big impact on your home’s appeal. Consider:

• Touching up paint: Repaint walls in neutral colors to appeal to a wider audience.

• Upgrading fixtures: Replace dated light fixtures, cabinet handles, or faucets.

• Fixing problems: Address any maintenance issues, such as leaky faucets, squeaky doors, or sticky windows.

5. Stage Your Home

Professional staging can highlight your home’s best features and help buyers visualize its potential. Even if you don’t hire a stager, you can:

• Rearrange furniture to create open, inviting spaces.

• Add fresh flowers or plants for a touch of life and color.

• Use mirrors to make rooms feel larger and brighter.

6. Select the Right Real Estate Agent

Choosing the right real estate agent is one of the most important steps in the selling process. A great agent will:

• Market Your Home Effectively: They’ll ensure your property is showcased in the best light online, using professional photography, video tours, and engaging descriptions.

• Price It Right: With their knowledge of the local market, they’ll help you set a competitive price that attracts buyers.

• Guide You Through the Process: From listing to closing, they’ll provide expert advice and support every step of the way.

When interviewing agents, ask about their marketing strategy, experience in your neighborhood, and track record of successful sales. Look for someone who is not only professional and knowledgeable but also enthusiastic about helping your home stand out.

7. Prepare for Showings

Once your home is listed, it’s crucial to keep it show-ready. Simple tips include:

• Keeping surfaces clear and clutter-free.

• Ensuring your home smells fresh by avoiding strong odors and using light, natural scents.

• Opening curtains and blinds to let in natural light before showings.

Spring into Success

Preparing your home for the spring market might take some effort, but it’s well worth it. With the right steps and the right real estate agent by your side, you’ll be well on your way to a successful sale. If you’re ready to list your property or need advice on getting started, reach out to a local expert who can help make your home shine this spring!

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! ❄️✨

Posted on December 2, 2024 by Sherlock Homes Real Estate Team

November is here, bringing a mix of crisp mornings and cozy evenings as we find ourselves firmly in the shoulder season. For the real estate market in the Columbia Valley, this transitional period has revealed some intriguing trends, offering opportunities for both buyers and sellers. Let’s dive into the November 2024 market highlights and what they mean for your real estate journey!

A Season of Inventory Abundance 🌲🏡

This November, inventory surged 59.23% year-over-year, climbing from 130 units in 2023 to a plentiful 207 homes available for purchase. With a Months Supply of Inventory increasing by a significant 66.29% to 6.12 months, the market is now more balanced. Buyers have a wider selection of properties to consider, while sellers face an environment where competitive pricing becomes key.

Prices Cool Like the Weather ❄️📉

The average list price dropped by 15.84% to $435,100, while the average sale price saw a 14.89% decrease, landing at $412,128. This market correction is a welcome reprieve for buyers navigating affordability challenges. Sellers, on the other hand, will benefit from strategic pricing to ensure their property stands out amidst increased options.

Days on Market Shorten Like Daylight Hours 🌅

Despite cooling prices, homes are selling slightly faster than last year. The average Days on Market (DOM) decreased by 3.7% to 104 days. For buyers, this means properties are moving more swiftly, signaling that serious buyers are still active. Sellers should be prepared to act quickly when offers come through.

New Listings Keep the Market Active 🍁

With 41 new listings, a 32.26% increase from last year’s 31, fresh opportunities are hitting the market. Whether it’s a lakeside retreat or a mountainside cabin, the Columbia Valley continues to offer a variety of options for every type of buyer. Sellers can take advantage of this renewed interest in seasonal property transitions.

Tips for Buyers and Sellers in November 📋

Buyers:

• This is the perfect time to explore the expanded inventory. With a broader selection and softened prices, the shoulder season might just be your golden window to secure that dream property before the market tightens in spring.

• Stay proactive; homes are spending less time on the market!

Sellers:

• Pricing is more important than ever. With inventory climbing, setting a competitive price will help your property attract attention and secure offers.

• Emphasize your property’s unique seasonal charm—cozy fireplaces, winter views, or proximity to ski resorts can make a big impression.

Why November is the Perfect Time to Make Your Move 🏔️

The shoulder season is a time of reflection and preparation, both for the holidays and for upcoming market shifts. For buyers, it’s a chance to take advantage of reduced competition and favorable pricing. For sellers, it’s about strategically positioning your property to catch the attention of those looking to make a move before winter fully sets in.

At the Sherlock Homes Real Estate Team, we’re here to guide you through every twist and turn of the market. Whether you’re buying, selling, or just exploring your options, our expertise ensures a smooth journey.

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

The Columbia Valley awaits—let’s make your real estate goals a reality this season! 🍂✨

As October sweeps in with crisp autumn air and spooky festivities, the Kootenay real estate market unveils its own seasonal surprises. This October, we’ve seen some ghoulishly good shifts—promising more options for buyers while sellers may feel a few ghostly chills. Here’s a peek into the October 2024 real estate market and what these numbers mean for your next move!

A Haunted Rise in Inventory 🎃👻

October brought a surge in inventory—an eerie 77.69% increase year-over-year, pushing available homes up to 231 units from last year's 130. With this boost, the Months of Supply rose nearly 88% to 6.68 months. Buyers, beware (or rejoice)! This growing inventory means more selection for house hunters looking to find their dream haunt before the year ends.

Prices Continue to Soar Like a Witch on Her Broomstick 🧙‍♀️

Even with a higher inventory, home prices showed no signs of slowing. The average list price jumped 22.45% to $590,729, and the average sale price cast an even spookier spell, leaping 23.86% to $555,005. Sellers, take note—pricing your home realistically will keep buyers from ghosting you, especially as market competition brews.

Days on Market: Lingering Like a Ghost 👻

Homes are taking a bit longer to find their new owners, with Days on Market (DOM) stretching by over 16% to 94 days. While buyers enjoy a leisurely pace to evaluate options, sellers should prepare for a slightly longer waiting period—think of it as the season's chill adding to the suspense!

More New Listings Add to the Market Cauldron 🕯️

With 44 new listings in October (a 7.32% rise), the influx of homes is certainly keeping the cauldron bubbling. Compared to last year, this steady flow of properties entering the market means buyers won’t feel like they’re stuck in a haunted maze—there’s a clear path to find a great match, whether it’s a cozy cabin or a grand estate.

Tips for Navigating the Market’s Twists and Turns 🧛‍♂️

• Buyers: The spooky season is your friend this year! With inventory high and competition lightening, you’ll have a better chance to find your perfect place—no tricks, just treats.

• Sellers: Keep your pricing spellbinding but realistic. While average prices are up, buyers have more choices, and a well-priced home can still vanish off the market quickly.

October’s Spellbinding Opportunity Awaits! 🏡✨

Whether you're looking to carve out your own corner of Kootenay paradise or ready to sell, October's market brings bewitching opportunities. With the Sherlock Homes Real Estate Team at RE/MAX Invermere, you’re in good hands for every twist and turn of this haunted season.

Ready to unearth more? Reach out today, and let’s make your real estate goals a real (and spooky) success!

Contact: Geoff Sherlock Phone: 250-688-5151 Email: geoff@remaxinvermere.com or Lindsey Sherlock Phone: 250-409-6464 Email: lindsey@remaxinvermere.com

As the leaves turn vibrant shades of orange and kids settle back into school routines, the Kootenay real estate market shifts into its own rhythm. September brings a fresh season for buyers and sellers, and here’s how the market performed as we transition into fall.

Fewer Listings, More Inventory: A Changing Supply Landscape

September 2024 saw a significant drop in new listings, with only 50 properties entering the market—a 28.57% decline compared to the previous year. However, total inventory levels rose by 16.05%, reaching 441 homes. This increase in available inventory has pushed the months' supply of inventory up to 11.73, a 26.60% rise. Buyers now have more options, but the market's growing supply could signal more competition among sellers as the season progresses.

Price Increases Continue to Define the Market

Despite the lower number of new listings, property prices have continued their upward momentum. The average list price climbed 10.34% year-over-year, reaching $494,577, while the average sale price followed suit with a 9.70% increase to $472,300. These price hikes highlight the continued demand in the Kootenay region, even as inventory grows.

Days on Market Shorten: A Sign of Buyer Activity

Homes are selling faster than they did last year, with the average days on market (DOM) dropping by 9.68%, now sitting at 96.69 days. This shorter time on the market suggests that buyers are motivated, taking advantage of the increasing inventory while it lasts. Sellers can take comfort in the fact that well-priced homes are still moving quickly, even in a more competitive fall market.

Sales Activity: A Decline in Sold Listings

September 2024 recorded 35 sold listings, a 16.67% decrease compared to the same period in 2023. While the number of transactions has slowed, this could be due to the larger selection of homes now available, giving buyers more time to make their decisions.

Strategic Pricing is Key for Sellers

The average percent of selling price to list price fell slightly to 94.29%, down from 96.39% in September 2023. This drop suggests that buyers are negotiating more, possibly due to the increased inventory. Sellers should consider setting realistic prices to stay competitive, especially as the market adjusts to these fall trends.

Regional Highlights

• Invermere and Canal Flats: Continued to show steady activity, with higher-priced homes drawing attention from buyers looking for premium properties.

• Radium: Maintained a balanced market, providing good opportunities for both buyers and sellers as the area transitions into the quieter fall months.

A Season for New Beginnings: What Does Fall Hold for Buyers and Sellers?

With children back in school and routines returning, fall is often a time for reflection and new beginnings in the real estate market. For buyers, the increasing inventory provides more options and opportunities to find the perfect home. For sellers, pricing strategies will be key as competition heats up and buyers become more discerning.

Your Fall Real Estate Partner

Whether you're buying or selling this fall, now is the time to make strategic decisions with the help of experts. The Sherlock Homes Real Estate Team at RE/MAX Invermere is ready to guide you through the changing market. Our team has the insights and experience to help you navigate the fall season with confidence.

Make Your Move this Fall

September 2024 brings a market full of opportunities, whether you're looking to find your next home or position your property for a successful sale. The shifting dynamics of inventory and pricing mean there's no better time to get expert guidance. Contact us today to begin your real estate journey this fall.

For personalized advice and market insights, reach out to Sherlock Homes Real Estate Team at RE/MAX Invermere. Let's make the most of this new season together!

Contact: Geoff Sherlock Phone: 250-688-5151 Email: geoff@remaxinvermere.com or Lindsey Sherlock Phone: 250-409-6464 Email: lindsey@remaxinvermere.com