Residential Statistics | What’s The Local Sales Market Doing?
Data provided by The Association of Interior Realtors
In the Kootenay region, unit sales came in 18.9% lower compared to June 2021 with 304 units sold in June 2022. Average prices saw double-digit percentage increases across all home categories compared to the same month last year, with the greatest increase occurring within the condominium category with a 44.8% increase.
“Our sales performance in June, makes us one of the few markets in the province that have not been heavily impacted by the recent interest rate hikes by the Bank of Canada.”
– Association of Interior REALTORS® President Lyndi Cruickshank.
“Average prices have plateaued since the start of 2022, and we know that our region provides buyers with more affordable options. I foresee buyers finding attractive alternatives to purchase here, even as interest rates continue to rise.”
There were 583 new listings recorded in the Kootenay by the MLS® System in June 2022 marking an increase compared to last month’s 558 new listings and up 12.1% compared to June 2021. The overall active listings in the Kootenay and Boundary regions jumped 14.8% with 1,261 listings overall.
Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.
The Association of Interior REALTORS® is a member-based professional organization serving approximately 2,500 REALTORS® who live and work in communities across the interior of British Columbia including the Okanagan Valley, Kamloops and Kootenay regions, as well as the South Peace River region.
The Association of Interior REALTORS® was formed on January 1, 2021 through the amalgamation of the Okanagan Mainline Real Estate Board and the South Okanagan Real Estate Board. The Association has since also amalgamated with the Kamloops & District Real Estate Association and the Kootenay Association of REALTORS®.