Residential real estate sales were down last month in the Kootenay-Boundary compared to the month before, but up compared to the same time last year.
The Association of Interior realtors says 193 homes changed hands in November, versus 300 in October. However, it represented a 0.5 per cent increase over November 2024.
There were also 254 new listings locally in November, down from 362 in October, but up 2.8 per cent compared to the same month the previous year.
Overall active listings in the Kootenays saw a one per cent increase compared to November 2024 with 1,394 listings recorded.
“Listing supply in the Kootenay region remains compressed, which is no surprise given the ongoing challenges in sustaining higher inventory levels in the region — perhaps a reflection of the area’s growing popularity,” Association of Interior Realtors president Kadin Rainville.
“It is positive to see that sales activity was largely on par with the same month last year, which should set up a solid handoff heading into 2026.”
The benchmark price, which realtors say is a better representation of value compared to the average or median price as it represents a home of typical attributes, saw percentage increases in the Kootenay region in the single-family, townhome and condominium categories compared to the same month of the previous year, of 1.8, 3.7 and 1.9 per cent respectively, coming in at $607,500, $501,100 and $323,700.
