Interior BC Real Estate Market Maintains Strong Momentum in January 2025
The Interior British Columbia real estate market has kicked off 2025 with impressive momentum, showing substantial year-over-year improvements across multiple regions and maintaining the strong performance seen in late 2024.
Overall Market Performance
The Interior region posted total residential sales of 806 units in January, representing a robust 27.3% increase compared to January 2024. The total dollar volume reached $519.5 million, up 31% from the previous year, indicating strong price appreciation across the market.
Regional Highlights
The South Okanagan emerged as the standout performer in January, with a remarkable 75% increase in sales activity, totaling 105 units sold. The region's dollar volume surged by 69.4% to $66.9 million, demonstrating exceptional market strength.
The Central Okanagan continued its role as the largest market by volume, with 241 units sold representing a 21.1% year-over-year increase. The region's total dollar volume reached $197.3 million, up 25.3% from the previous year.
The Kootenay region showed impressive growth with a 35.5% increase in sales (168 units) and a 50.7% increase in dollar volume, reaching $86.7 million.
Property Type Analysis
Single-family homes remained a strong segment of the market:
- Benchmark price reached $1,030,600
- Sales increased by 41% year-over-year
- Average days to sell stood at 75 days
- Available inventory at 1,057 units
The townhouse market showed stability:
- Benchmark price of $769,200
- 43 units in available inventory
- Average days to sell at 103 days
The condo/apartment sector demonstrated continued strength:
- Benchmark price reached $517,100
- Sales up 10.5% year-over-year
- Average days to sell at 77 days
Market Health Indicators
New listings across the association area increased significantly by 36.8% to 2,233 units, suggesting growing confidence among sellers. Active listings rose by 19.5% to 6,814 units, providing more options for buyers while maintaining a healthy market balance.
Looking Forward
The substantial increase in new listings, combined with strong sales figures and steady price appreciation, suggests a well-balanced market entering the traditionally busy spring season. The market appears to be supporting both buyer and seller interests, with enough inventory to provide choice while maintaining price stability.
For both buyers and sellers, these statistics indicate a healthy market environment with strong fundamentals. The increased inventory levels provide more opportunities for buyers, while sustained price appreciation continues to benefit sellers.
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