Residential sales activity in the Kootenays rose in the fourth quarter of 2024 compared to the fourth quarter of 2023.
Residential property sales numbered 538 units in the fourth quarter of 2024, up 7.6% compared to the same quarter in 2023.
Single detached home sales rose 1.6%, while sales of apartment units were up 2.4% in the fourth quarter of 2024.
Annually, residential property sales numbered 2,734 units in all of 2024. This was up 2.6% compared to the 2,665 units recorded in 2023.
| Summary - Sales by Housing Type | |||
|---|---|---|---|
| Category | Q4-2024 | Q4-2023 | Year-over-year % change |
| Single Detached | 317 | 312 | 1.6 |
| Apartment | 84 | 82 | 2.4 |
| Summary – Median Price by Housing Type | |||
|---|---|---|---|
| Category | Q4-2024 | Q4-2023 | Year-over-year % change |
| Single Detached | $575,000 | $518,250 | 11.0 |
| Apartment | $285,000 | $221,000 | 29.0 |
