Interior BC Real Estate Market Shows Seasonal Strength in April 2025
April 2025 demonstrated the traditional spring market surge across Interior British Columbia, with strong sales volumes and continued price stability, though regional performance varied significantly across the association area.
Overall Market Performance
The Interior association recorded 1,317 residential sales in April, representing a modest 0.6% increase compared to April 2024. The total dollar volume reached $905.3 million, up 1.7% year-over-year, indicating price stability amid robust transaction activity.
Regional Market Highlights
South Okanagan Leads Growth
The South Okanagan emerged as the strongest performer, with 175 units sold representing a 19% increase year-over-year. The region's dollar volume jumped 19.3% to $117.2 million, demonstrating strong buyer demand and price appreciation in this market.
South Peace River Shows Strong Momentum
Despite smaller transaction volumes, the South Peace River area posted impressive gains with an 18.2% increase in sales (39 units) and a remarkable 38.8% jump in dollar volume to $11.8 million, suggesting significant price appreciation in this market segment.
Central Okanagan Maintains Stability
The Central Okanagan, the region's largest market, recorded 415 sales with a slight 0.5% decrease year-over-year. However, the dollar volume increased by 2.8% to $345.2 million, indicating modest price appreciation despite relatively flat sales activity.
Mixed Performance in Other Regions
The Shuswap/Revelstoke area experienced headwinds with a 13.9% decrease in sales and a 12.1% drop in dollar volume, suggesting continued cooling in this market. Kamloops and District also saw a 4% decline in both sales and dollar volume, while the Kootenay region posted a slight 1.5% decrease in sales despite previously strong performance.
Property Type Analysis
Single-Family Homes
Single-family homes demonstrated resilience:
- Benchmark price of $1,034,800 (up 2.4% year-over-year)
- 9.7% increase in sales activity
- Average days to sell at 51 days
- Inventory at 1,438 units (up 4.5%)
Townhouse Market
The townhouse segment showed strong performance:
- Benchmark price reached $788,800 (up 10% year-over-year)
- Sales decreased by 5.6% to 67 units
- Average days to sell at 77 days
- 586 units in available inventory (down 2.6%)
Condo/Apartment Segment
The condo/apartment market remained competitive:
- Benchmark price of $513,100 (up 2.1% year-over-year)
- Sales decreased by 10% to 99 units
- Average days on market at 52 days
- 894 units in available inventory (up 25%)
Market Dynamics and Inventory
Active listings across the association increased by 6.4% to 9,400 units, providing buyers with more selection as the market moves into the peak spring season. New listings remained relatively stable with a modest 0.8% increase to 3,440 units.
The increase in inventory levels, particularly in the condo/apartment segment, suggests a gradual shift toward better market balance while maintaining overall price stability.
Days on Market Trends
Market velocity varied by property type:
- Single-family homes sold quickly at an average of 51 days
- Condos/apartments averaged 52 days on market
- Townhouses took longer at 77 days on average
These figures suggest continued strong demand for single-family homes and condos, while the townhouse market may be experiencing more selective buyer behavior.
Looking Forward
April's performance reflects a maturing market that has moved beyond the explosive growth of previous months to a more sustainable pace. While overall sales growth was modest, the stability in pricing and continued strong dollar volumes indicate underlying market health.
The regional variations highlight the importance of local market conditions, with some areas like the South Okanagan and South Peace River continuing to show strong momentum, while others like Shuswap/Revelstoke appear to be cooling.
For buyers, the increased inventory levels and stable pricing environment provide more options and negotiating power. For sellers, while the market may not be as intensely competitive as in previous periods, demand remains solid with reasonable selling times across most property types.
As we move deeper into the spring season, the Interior BC market appears positioned for continued steady performance with regional pockets of strength supporting overall market stability.
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