Interior BC Real Estate Market Shows Sustained Growth in February 2025
The Interior British Columbia real estate market continued its positive trajectory in February 2025, with overall sales activity and prices maintaining upward momentum while showing some interesting regional variations.
Association-Wide Performance
The Interior association area recorded 914 residential sales in February, representing an 11.3% increase compared to February 2024. The total dollar volume reached $629.6 million, a significant 21.8% increase year-over-year, indicating strong price appreciation across the region.
Regional Performance Breakdown
Kootenay Region Leads Growth
The Kootenay region emerged as the standout performer in February, with an impressive 34.2% increase in sales activity (204 units) and a remarkable 48.6% jump in dollar volume, reaching $110.2 million. This substantial growth suggests increasing buyer interest in this historically more affordable market area.
Central Okanagan Maintains Market Strength
The Central Okanagan, typically the region's largest market, continued to show strength with 271 units sold, a 9.3% increase year-over-year. The region's dollar volume grew by 27.9% to $237.2 million, indicating significant price appreciation despite more modest sales growth.
North Okanagan Shows Balanced Growth
The North Okanagan posted healthy gains with 113 units sold (up 20.2%) and a dollar volume increase of 20.6% to $74.2 million, reflecting balanced growth in both sales activity and property values.
Mixed Results in Other Regions
The Shuswap/Revelstoke area experienced a 4.8% decrease in sales and a 20.7% drop in dollar volume, suggesting a slight cooling in this market. Similarly, the South Okanagan saw a marginal 1.9% decrease in sales, though dollar volume increased by 15%, indicating price appreciation despite fewer transactions.
Property Type Analysis
Single-Family Homes
Single-family homes showed continued strength with:
- Benchmark price reaching $1,036,900 (up 3.9% year-over-year)
- 16.2% increase in sales activity
- Average days to sell at 71 days
- Inventory levels at 1,156 units (up 21.2%)
Townhouse Market
The townhouse sector demonstrated stability:
- Benchmark price of $774,200 (up 6.7% year-over-year)
- 51 sales (up 22.7%)
- Average days to sell at 89 days
- 454 units in available inventory (up 9.4%)
Condo/Apartment Segment
The condo/apartment market showed modest growth:
- Benchmark price of $513,400 (up 1.7% year-over-year)
- 14.6% increase in sales
- Average days on market at 78 days
- 699 units in available inventory (up 18.7%)
Market Indicators and Trends
Active listings across the association area increased by 11.8% to 7,346 units, providing more options for buyers. However, new listings decreased slightly by 1.7% to 2,304 units, potentially indicating some seller hesitation.
The combination of increased sales activity and growing inventory suggests a market that is gradually moving toward better balance, though still favorable to sellers in most segments.
Looking Forward
As we move into the traditionally active spring season, the Interior BC market appears well-positioned for continued strength. The increased inventory levels provide more options for buyers, while steady price appreciation offers value growth for current homeowners.
Regional variations suggest that buyers may want to consider exploring opportunities in areas like the Kootenay region, which is showing particularly strong growth momentum, while sellers in the Central Okanagan continue to benefit from robust demand and price appreciation.
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