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Columbia Valley Real Estate Market
The Columbia Valley boasts vibrant communities and a wide range of activities, making it a desirable location for both permanent residents and vacationers.
The real estate market in the area is diverse, offering options for everyone from first-time homebuyers to retirees looking for a serene retreat.
Median Home Prices
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The Columbia Valley
Median sale prices vary depending on the type of property and location. In Invermere, the median sale price for a single-family home is around $850,000, while in Radium Hot Springs it's closer to $750,000.
Condos tend to be more affordable, with a median price in the $500,000 range.
Properties are typically priced fairly and selling within a reasonable timeframe.
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Inventory and Demand
There is a healthy level of inventory available, with buyers having a good selection of properties to choose from.
Demand remains high, driven by the area's natural beauty, growing tourism industry, and increasing popularity as a retirement!
Demand for vacation properties is high, with many buyers looking for ski-in/ski-out condos and lakefront homes.
Market Forecast
The Columbia Valley real estate market is a diverse and dynamic landscape. The market is expected to remain relatively stable!
Posted by Chris Raven on
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