Invermere real estate market shows 9.6% sales growththrough August 2025. Inventory drops 13.91%

Real Estate Stats to the End of August (and July) 2025 for the Invermere & Area:

Highlights:

• July delivered 55 sales compared to 52 sales last July, a 5.77% increase year over year. This remains impressive considering how strong June was (50 sales in June, which jumped 35.17% from June 2024).
• August saw 53 sales, up slightly from 51 sales last August (3.92%).
• Building on this momentum, year-to-date sales through August hit 388 properties, up 9.6% from last year's 354 sales. For context, by end of August 2023, we were at 370 sales; 2022 was at 479; and 2021 was an eyewatering 688.
• Meanwhile, new listings told two different stories: July saw a 24% spike (93 vs. 75 last July), but August dropped 12.84% (68 new listings this year compared to 78 in August 2024).
• More importantly, active inventory has cratered! July active listings hit 451, down 14.26% from 526 available in July 2024. August continued this trend with 425 available at month's end, down 19.51% from August 2024's 528. Year-to-date active inventory has dropped 13.91%. This backs up my experience on the ground: the selection is thin!
• Average days on market has been volatile. In July, it jumped 71.59% to 137 days (compared to 80 days last July), though I think these July stats were skewed by some older listings finally selling! However, August showed improvement at 104 days, down 8.99% from August 2024's 114 days. Year-to-date sits at 99 days, up 14.38% from 87 days in 2024.
• In contrast, selling price to list price remains rock-steady at 94% for August 2025 (93.22% for August 2024). Year-to-date, we're at 94.59%, virtually identical to 2024.

Conclusion/Market Insights: What's Really Happening Right Now

Why "Days on Market" Numbers Are MisleadingThe average days on market looks inflated right now, but here's what's really happening:

• More complicated deals. Many sales this year have involved people selling property to buy property, and these deals take longer and are more complicated. Additionally, banks are tightening financing requirements. Some buyers are getting cold feet or being very picky on home inspection results. Several listings are having one or two collapsed sales before finally selling successfully. All of this adds days on market.
• Older inventory getting absorbed. Through a combination of price reductions, a lack of new listings, but still stronger buyer demand, older inventory that's been sitting around is finally selling. As a result, once this backlog clears, I expect average days on market to decrease. The reality? Quality new listings priced right are moving quickly!

Fall Price Predictions: Could We See Increases?

Meanwhile, pricing has stayed flat all year, but this fall could tell a different story. If buyer demand holds strong while inventory tightens further, especially with virtually no supply in Lakeview Meadows or Timber Ridge, we might actually see prices creep up in certain categories.Furthermore, the selection for nicer homes in or around Invermere under $900,000 continues to be limited. Different buyers have definite price points and limits they're willing or able to reach.For instance, $700,000 to $900,000 represents a busy and popular price point for single family homes, but over $900,000 is significantly slower and more difficult (especially for properties with no private lake access).

Hidden Opportunities in the Condo Market

However, here's where things get interesting: Airbnb and short-term rental units have become deeply unpopular, and condo inventory in Radium and Panorama has increased. Consequently, if we see further price cuts or aggressive new listings in these areas, there could be exceptional buying opportunities. After all, sometimes the market overcorrects!

The Bottom Line

Taking all these factors into account, we're looking at a balanced, healthy market with fair deals for both buyers and sellers. Typically, activity stays decent through September and October before slowing near the end of the year. Despite constant chatter about real estate prices going down, I don't see it happening on the ground. Instead, sellers are patient, and there aren't that many of them. This lack of supply and still-strong demand suggests this market is stable: I don't see big increases or decreases in prices coming. Therefore, if you're thinking about listing or buying, this could be a good time, and I would be happy to help!