| Sun Peaks Real Estate Trends & Insights |
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| Snow has already started to dust the peaks, and excitement is building as we count down to ski season in Sun Peaks. The village is starting to shift gears as everyone gets ready for winter — tuning skis, stacking firewood, and soaking in these crisp, quiet days before things pick up again. In the meantime, we’re taking a look at what’s new in the local real estate market as we head into another beautiful winter in the mountains. Market Shifts in September Housing inventory in Sun Peaks went down slightly in September, with 101 properties listed for sale, a 1.9% decrease from the previous year. With an average of seven sales per month over the past year, this translates to roughly 14.8 months of supply, suggesting a gradual tightening in available inventory. Prices Dip, But Sales Pick Up The average sale price softened to $577,375, down 15.8% from September 2024. However, buyer activity showed signs of strength, eight properties sold this month compared to just three last year, marking a 166% increase in closed transactions. Meanwhile, new listings dropped by half, from 24 to 12, further contributing to lower inventory. Fewer Days on Market Properties are also selling faster, spending an average of 114 days on market, down nearly 17% from last year. The list-to-sold ratio climbed sharply to 66.7%, up from 12.5% in September 2024, signaling stronger demand and improving market efficiency. Looking Ahead With sales activity strengthening and inventory levels tightening, the Sun Peaks market could see growing competition among buyers in the coming months, especially for well-priced and move-in-ready properties. Property Pricing Overview (Average Listing Price): Detached Homes: $2,386,422 Townhomes: $1,188,442 1/2 Duplex: $1,002,000 Condos: $901,666 Condo-Hotels: $204,026 Vacant Lots: $603,889 |
**Reports produced and compiled by RE STATS INC. Information is deemed reliable but not guaranteed. Does not reflect all market activity.
| What’s Happening in Canadian Real Estate |
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| National Sales Tick Up After a quiet summer, national home sales showed renewed momentum in September, with reports indicating a modest rise in transactions and industry groups predicting a stronger finish to the year. The CREA data points to an uptick in activity as buyer confidence returns in several markets. (biv.com) Select Markets Outperform Not all regions are moving the same way. A handful of markets are bucking broader trends with noticeably stronger demand, while others remain sluggish. The Greater Toronto Area and Winnipeg saw modest gains, while markets including Vancouver, Calgary, Edmonton, Ottawa, and Montreal experienced lower activity. Supply remains tight in many regions, keeping options limited for buyers even as demand slowly improves. (globalnews.ca) B.C. & the Interior Picking Up Pace British Columbia saw improved activity in September as pent-up demand returned, with the Interior, including Kamloops and Kelowna-area markets, beginning to find its footing after a slower start to the year. Local reports note the Kamloops market overcame the usual late-summer dip and recorded stronger sales into early autumn. (mpamag.com, castanet.net, cfjctoday.com) |