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New property listed in Columbia Lake

I have listed a new property at 4 6200 COLUMBIA LAKE ROAD in Columbia Lake. See details here

Discover Your Dream Home at Springwater Hill. Scheduled for completion in January 2025, this stunning new home promises to be an oasis of tranquility, where the stunning architecture is enhanced by the views. Imagine waking up as the sun rises, its golden light reflecting off the crystal-clear waters of Columbia Lake, all visible from the comfort of your master bedroom. Breathe in the fresh mountain air and feel rejuvenated as you take in the breathtaking views that unfold before your eyes. Set on a generous 0.45 acre lot, this exquisite property offers unobstructed views, privacy and adventure. West Ridge Fine Homes "mountain modern" architecture harmoniously blends with the serene natural environment, allowing you to immerse yourself in the unparalleled beauty of your surroundings. At over 5,500 square feet, this home is a masterpiece of luxury living. It features 4 spacious bedrooms, a den, a recreation room, and a triple car garage with specified oversized boat parking, all designed to provide comfort and elegance. Expansive windows and two custom skylights--one spanning the width of the roof over the main living area and another in the master bedroom--flood the home with natural light, creating a warm and inviting atmosphere. This is more than just a home--it's your masterpiece in the making. The community features access to the beautiful Columbia lake with grassy beach area, boat launch, small storage for water toys, and boat trailer parking. This is the ultimate destination for year round out door activities (id:2493)

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New property listed in Invermere

I have listed a new property at 2208 205 THIRD AVENUE in Invermere. See details here

Amazing views and amazing value! Welcome to your new home at Lake Windermere Pointe, Invermere's most sought after complex for vacations and revenue generating properties! This lovely unit features an east facing patio with beautiful mountain views where you can enjoy your morning coffee basking in the sunlight. With 2 large bedrooms and a nice open floorplan it has everything you need for your home away from home. The complex is perfectly situated walking distance to both the lake and to town, it offers an outdoor pool and hot tub and underground parking with storage lockers. This unit comes fully furnished so you can start enjoying your vacations right away! (id:2493)

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July 2024 Market Update: Sizzling Trends in Kootenay Real Estate!

As the summer heat reaches its peak, so does the Kootenay real estate market. The July 2024 performance has shown both exciting opportunities and notable shifts for buyers and sellers. Here's an in-depth look at the latest trends, perfect for those looking to make a move during this vibrant season.

Cooling Sales but Rising Prices

The number of sold listings in July 2024 was 50, a slight decrease of 3.85% from the previous year. Despite fewer transactions, the market shows a strong upward trend in pricing. The average list price surged by 11.43% to $644,346, and the average sale price followed suit, increasing by 18.72% to $595,594. This price appreciation indicates a robust demand in the Kootenay region, even as the overall sales volume cools slightly.

Inventory Levels and Market Dynamics

The end-of-month inventory saw a rise of 12.20%, reaching 460 homes. This increase in available properties contributes to a months' supply of inventory that grew by 13.38% to 11.65 months. Such a balanced increase in inventory ensures that buyers have ample choices while maintaining a healthy competitive environment for sellers.

Average Days on Market

The average days on market for July 2024 decreased by 8.29% compared to last year, now standing at 86.58 days. This reduction in market time suggests that homes are being snapped up more quickly, reflecting a strong buyer interest and efficient transaction processes.

Pricing Strategies and Seller Insights

The average percent of selling price to list price dipped slightly to 94.10%, down from 95.61% last year. This slight decline emphasizes the importance of strategic pricing and effective marketing to achieve optimal sale outcomes. Sellers are advised to remain realistic with their pricing to attract serious buyers in this competitive summer market.

Regional Highlights

  • Canal Flats: The market here continues to attract buyers looking for serene, nature-filled living spaces, with a consistent flow of listings catering to various budget ranges.

  • Invermere: Known for its premium properties, Invermere remains a hotspot for high-value real estate transactions, drawing significant interest from buyers.

  • Radium: This area exhibits steady market dynamics with balanced listings and sales, making it a reliable choice for both buyers and sellers.

Expert Guidance for Hot Market Moves

Navigating the sizzling summer market requires in-depth knowledge and professional insights. The Sherlock Homes Real Estate Team at RE/MAX Invermere is dedicated to guiding you through these dynamic conditions with expertise and confidence. Whether you're buying or selling, our seasoned professionals are here to ensure a seamless and successful real estate journey.

Enjoy the Summer with Confidence in Your Real Estate Decisions

July 2024 presents a dynamic and promising landscape in the Kootenay real estate market. Embrace the summer heat and make informed decisions with the support of experienced 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!

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New property listed in Radium Hot Springs

I have listed a new property at 8170 BINNIE ROAD in Radium Hot Springs. See details here

Welcome to 8170 Binnie Road, a custom-crafted home on a beautifully landscaped 0.6-acre lot backing onto the Radium Resort Golf Course. Located on a quiet cul-de-sac, this luxurious property features 3 large bedrooms, 3 full bathrooms, and warm, inviting common areas perfect for family gatherings. The home showcases fine craftsmanship with 9' ceilings, granite countertops, maple cabinets with dovetailed drawers, and vaulted ceilings in the living room, master bedroom, ensuite, and loft. Enjoy the stunning outdoor living spaces, including a wrap-around balcony and a lower patio with a hot tub, surrounded by beautiful landscaping that creates a true oasis. The oversized detached double garage includes a charming carriage house above, featuring a vaulted ceiling, wood-burning stove, 3-piece bathroom, and kitchenette. Additional amenities include a security system, hardwood and slate flooring, and a large garden shed. Situated just outside Radium Hot Springs, this home offers easy access to shopping, dining, and the famous hot springs. Nearby bike trails and a short 30-minute drive to Panorama Mountain Ski Resort make this the perfect base for adventure. With a propane gas furnace, air conditioning, and a zero-clearance wood-burning stove, comfort is guaranteed year-round. With so much to offer, 8170 Binnie Road is the perfect place to relax and unwind. Don't miss this opportunity to own a piece of paradise. Contact us today for a viewing! (id:2493)

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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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New property listed in Windermere

I have listed a new property at 2160 KOOTENAY 3 ROAD in Windermere. See details here

A mountain lovers dream; this property features stunning views from every room! Built to the highest degree, this home is net zero ready, offering the perfect balance of the best structural and energy efficient products with luxurious finishes through out. At first glance you will be blown away by the sizable windows offering impeccable views down the valley to the Fairmont Mountain Range. The kitchen, dining and living space flow seamlessly to the outside surroundings, the large patio is ready to host your family and dinner parties and is ready for your creativity to complete an outdoor kitchen, hot tub or lounging space. The butler pantry can tuck away all of your kitchen needs and offers a great prep space. The fireplace is a masterpiece in the living room, and there is also the built in cabinetry that features a lift for your TV. The master bedroom is a true delight, the spacious retreat offers a walk in closet and stunning ensuite with soaker tub. The main level also features a second bedroom or office space, full bathroom, laundry room and mudroom connecting the garage to the main space but keeping everything tucked away nicely. Downstairs offers another gathering space with a walkout, there are 3 more bedrooms, another full bathroom and a flex space that could be converted into a theatre space, home gym or perhaps an in home spa. With 5 acres there are so many ways to occupy this property, it is minutes to town but feels like you are so privately tucked away. It's the perfect escape from your daily or city life (id:2493)

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New property listed in Radium Hot Springs

I have listed a new property at 512B 500 BIGHORN BOULEVARD in Radium Hot Springs. See details here

Vacations made easy with your own fractional share at the desirable Bighorn Meadows Resort in Radium Hot Springs. This is the BEST PRICED 1/4 share in the complex and is also a great unit that is very close to the pool! Whether you are unwinding after an afternoon on the course or letting the kids run out the back door to the park this is the perfect spot! Your fractional ownership is a maintenance free way to enjoy a piece of paradise. Your monthly fees cover all maintenance inside and out and if you cant use your weeks you can put them into the rental pool through the resort. There are still summer weeks that you can start to enjoy right away! Take advantage of this offering today as it wont last! (id:2493)

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New property listed in Invermere

I have listed a new property at 2308 205 THIRD AVENUE in Invermere. See details here

Welcome to 2308 205 Third Avenue, a charming third-floor unit in the highly sought-after Lake Windermere Pointe complex. This inviting 2-bedroom, 1-bathroom condo boasts a spacious open floor plan perfect for entertaining or relaxing. The large east-facing patio offers stunning mountain views and a peek at Lake Windermere, providing a serene backdrop for your morning coffee or evening unwind. Residents of Lake Windermere Pointe enjoy an array of top-notch amenities, including an outdoor pool, hot tubs, a common recreation room, and a fully equipped gym. This unit also includes the convenience of one underground parking stall and ample guest parking. Located just steps from James Chabot Beach and Provincial Park, and within walking distance to town, this home is ideally situated for those who love outdoor adventures. Whether you're hitting the slopes at Panorama Ski Resort, just 20 minutes away, or exploring the nearby hiking and mountain biking trails, this condo is the perfect base for all your activities. Experience the perfect blend of comfort, convenience, and natural beauty at 2308 205 Third Avenue. (id:2493)

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Essential Information for Buyers Considering Property in the ALR

Understanding the ALR

The Agricultural Land Reserve (ALR) in British Columbia is a provincial zone where agriculture is the primary use. Established to protect valuable farmland from urban development, it spans over 4.6 million hectares. Managed by the Agricultural Land Commission (ALC), the ALR prioritizes agricultural activities and restricts non-farm uses.

Key Regulations and Policies

  1. Residential Use:

    • Primary Residences: You can build a primary residence but must adhere to size restrictions. Additional residences, like homes for family members or farm workers, require ALC approval.

    • Non-Adhering Residential Uses: Applications for non-standard residential uses must meet specific criteria outlined by the ALC.

  2. Agricultural Structures:

    • Farm Buildings: Structures necessary for farming, such as barns and greenhouses, are allowed but must comply with local bylaws and ALC guidelines.

  3. Soil and Fill Management:

    • Soil and Fill Regulations: The placement of fill and removal of soil are regulated to prevent land degradation. Activities often require a Notice of Intent to be submitted to the ALC.

  4. Land Use Policies:

    • Farm Product Processing: The processing of farm products is permitted under specific conditions to support agricultural activities.

    • Non-Farm Use: Commercial and industrial uses related to farming require ALC approval to ensure they do not interfere with agricultural operations.

  5. Subdivision Rules:

    • Subdividing Land: Subdividing ALR land is tightly controlled to prevent fragmentation. Approval from the ALC is necessary and typically granted only under specific conditions.

Compliance and Enforcement

The ALC has a robust compliance and enforcement framework to ensure regulations are followed. Appeals can be made against orders or penalties issued by the ALC under established guidelines.

Practical Considerations

  1. Zoning and Local Bylaws: Always check local government zoning bylaws and how they interact with ALC regulations. Some local bylaws may impose additional restrictions.

  2. Long-Term Commitment: Purchasing property in the ALR is a long-term commitment to preserving agricultural land. Ensure you understand the obligations and limitations before buying.

  3. Professional Advice: Consider seeking advice from a real estate professional familiar with ALR regulations and a legal expert to navigate the complexities of owning and developing ALR land.

Conclusion

Buying property in the ALR can be a rewarding investment for those committed to agriculture. Understanding the regulations and policies is crucial for ensuring compliance and making the most of your investment. For detailed information, visit the ALC Act and ALR Regulations page​ (PALC-GovBC)​​ (PALC-GovBC)​.

By being informed and prepared, you can make a sound investment that supports BC's agricultural heritage.

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