The June 2025 real estate numbers for Invermere & Columbia Valley just dropped, and they tell a surprising story.I predicted a slower June, and on the ground it felt slower. But listings that I thought would get more attention were slower to move, and overall it felt like there were not many buyers in the market. The buyers that are out there did not have a lot of urgency. They're waiting on the sidelines a bit to see what is going to happen next.However, what is interesting is that the numbers paint a much more optimistic picture.
Highlights:
- 50 sales in June 2025, compared to 37 in June 2024 (up 35.14%)
- 86 new listings this June, compared to 127 last June (down 32.28%)
- Year to date sales 274, compared with 251 last year (up 9.16%)
- Days on market for June averaged 99.12 days (last year 71.76). While year to date average days on market is at 90, compared with 83 for last year.
- The year to date average sale price ($523,643) and average percentage of selling price to list price (95.22%) are fairly similar to last year
- New listings appear to be slowing, and there is not actually that much inventory. Although it felt like there was a lot of new listings in May & June, the available inventory at the end of June dropped to 447 properties (this includes a whole bunch of single family lots). That's down 16.76% from the 537 properties available at the end of June 2024.
Looking ahead, here are my Predictions:
- If new listings continue to slow and some of the existing properties that have been on the market begin to sell, we could see some buyers begin to feel a sense of urgency. And we could see a number of people who have been on the sidelines jump into the market.
- Additionally, there have been no recent listings in Timber Ridge, Lakeview Meadows or other lake access properties on the Eastside of Lake Windermere. There is pent up demand for certain types of recreational property, and if some of these properties come up at the end of summer, there will be multiple offers.
- Meanwhile, the next Bank of Canada rate decision is scheduled for July 30th. If rates are decreased, this could be a positive sign that some buyers are waiting for.
- On the pricing front, some sellers have accepted that prices are not going up, and there have been a number of price reductions. Although I believe that demand may pick up later this year, I do not think that prices will increase. My prediction is that prices will remain flat, with the potential for some price drops on multi-family Airbnb style condos in Invermere, Radium, and Panorama.
- Finally, July of 2024 had 52 sales, and August had 51 sales. It will be interesting to see how the numbers stack up in July & August this year, but I think matching or slightly exceeding these numbers for the number of properties sold seems possible.
Whatever you're looking to do, whether it's buying or selling, I'm happy to chat!