October brought a shift toward a tighter market in Kimberley and the surrounding areas, with fewer homes available and continued buyer activity keeping things moving.
Inventory and Sales Trends
New listings were down by about 21% compared to October 2024, while the number of homes sold increased by nearly 17%. That combination means buyers are still actively looking, even though there are fewer options to choose from.
Active inventory dropped to 98 homes, which is down about 18% from last year. This reduced supply has helped maintain healthy price levels across the board.
Pricing and Market Balance
The average sale price in Kimberley in October was approximately $568,000, representing a 15% increase from the same time last year. The list-to-sale ratio averaged 95.4%, showing that while buyers are negotiating a bit more, sellers who price strategically are still achieving strong results.
Homes are spending a little more time on the market, with the average days to sell now around 74 days, up slightly from last year. This is consistent with a market where buyers are taking time to make confident decisions, but well-prepared listings continue to perform well.
What This Means for Sellers
Even though there are fewer listings overall, motivated buyers are still out there. With strong marketing, accurate pricing, and professional presentation, sellers can expect solid interest, especially as we move toward the winter and early spring market.
What This Means for Buyers
For buyers, this market still offers good opportunities, but preparation is key. With fewer homes available, it’s important to have financing in order and be ready to act when the right property appears.
In Summary
October’s data reflects a balanced, healthy market - one where confidence remains steady and both buyers and sellers have opportunities to achieve their goals with the right strategy.
If you are thinking about buying or selling in Kimberley, Cranbrook, or the East Kootenay area, I am happy to help you understand how these trends fit your specific situation.
