Kootenay Real Estate Market – 2024
The Kootenay real estate market showed a modest rebound in 2024, with residential sales rising 2.4% to 2,734 transactions, totalling $1.5 billion in sales (+8.3%). More inventory became available, with new listings up 13.8% and active inventory increasing 22.4%, giving buyers more options.
Despite these improvements, housing shortages persist, and demand remains strong—pushing the benchmark price up 15.8% to $496,600. However, compared to the rest of British Columbia, the Kootenay region remains one of the most affordable places to buy, offering incredible value for those seeking a lifestyle rooted in nature and outdoor adventure.
Ski Town Showdown: Golden vs. Invermere, Fernie, Kimberley, Nelson, and Rossland
If you are thinking about a ski-town property along the Powder Highway, each Kootenay community has its own unique appeal. Here’s how Golden stacks up against its neighbouring resort towns:
Golden, BC
Benchmark Price: $631,900 (+10.9% YoY)
Why Golden, British Columbia Stands Out:
- Home to Kicking Horse Mountain Resort, a world-class ski destination.
- Competitive pricing compared to Fernie ($1M+) and Invermere ($714K).
- Proximity to Yoho & Glacier National Parks, offering year-round adventure.
- A tight-knit, welcoming community that makes it ideal for both full-time residents and investors.
Other Kootenay Ski Towns:
- Invermere: $714,100 (+7.6%) – Popular for lake life & Panorama Resort.
- Fernie: $1,013,800 (+15.9%) – A luxury ski destination with the highest property prices.
- Kimberley: $482,800 (+8.7%) – A more affordable family-friendly ski town.
- Nelson: $743,500 (+15.0%) – A cultural hub with a thriving arts scene.
- Rossland: $640,800 (+16.9%) – A favourite for powder lovers near Red Mountain Resort.
Golden, BC, stands out as an exceptional opportunity, offering world-class outdoor recreation, a strong community, and competitive pricing compared to nearby ski towns like Fernie and Invermere. With its benchmark price of $631,900, Golden remains more affordable than many resort towns while delivering incredible lifestyle benefits. If you’re looking for a home, vacation property, or investment opportunity, now is the time to buy before prices climb even higher.
Click here to see the PDF – Kootenay Region Quarterly Report – Q4 2024
Thinking About Buying or Selling in Golden? I’m Your Local REALTOR®
As a REALTOR® in Golden, BC, I specialize in connecting buyers with their ideal mountain town property and guiding sellers to achieve the best results in this competitive market.
Whether you’re looking to buy, sell, or invest in Golden, I’m here to provide expert guidance and local insights. If you’re considering making a move, let’s connect! Please message me or call me at 236-304-4955 to discuss your real estate goals. I’ve also attached a PDF with market insights for reference—take a look and let’s find the perfect opportunity for you!
**Please note all data in this blog is from the Association of Interior REALTORS®
