November 2018 Market Stats

I wanted to share with you the market stats for the month of November 2018 for both Grand Forks and Christina Lake. The market stats are compiled from data provided courtesy of the Kootenay Real Estate Board for both single family homes and single family homes with acreages. The stats are based on the average price of sold listings for the month of November 2018 with a comparison against sales for similar properties from November 2017. 

Overall the market conditions in both Grand Forks and Christina Lake remain strong as the inventory of listings is favourable and prices are reasonable when compared to other regions of the province. The sales for the month of November kept pace with October indicating the demand for properties in the Boundary region remains strong for the latter part of fall. 

The number of months of inventory decreased from October which is consistent with the fall market as the number of new listings tends to be less than during the spring months.