Spring 2024 Real Estate Market Update – Golden, BC

Starting with the town of Golden:

• In May 2024, we saw 10 new listings, a significant increase of 42.86% from last year.
• The total inventory stands at 37 units, up by 25.00% compared to last year.
• The average list price decreased slightly by 2.30% to $692,317, and the average sale price is down by 1.64% to $672,375.
• Sold listings are up by 20.00%, with 6 properties sold this month.
• The market is showing a strong average sale-to-list price ratio of 97.76%, indicating that homes are selling very close to their listing prices.
• The average days on market have decreased by 65.32%, from 74 days in May 2023 to 25.67 days in May 2024.

To give you an example of the types of properties currently available in the town of Golden, we have a beautiful luxury home on Cedar Street. This home perfectly illustrates the high quality and desirable nature of listings in our area. Additionally, we have a building lot on Pine Drive available, offering a fantastic opportunity for those looking to build their dream home right in town.

In rural areas surrounding Golden:

• In May 2024, we had 11 new listings, a decrease of 26.67% from last year.
• The total inventory is 53 units, up by 38.24% compared to last year.
• The average list price has increased significantly by 22.86% to $708,500, and the average sale price is up by 24.54% to $678,500.
• Sold listings have decreased by 42.86%, with 4 properties sold this month.
• The average sale-to-list price ratio is 95.14%, showing a slight improvement of 1.47%.
• The average days on market have increased by 54.09%, from 68.14 days in May 2023 to 105 days in May 2024.

For those interested in properties in the more scenic and tranquil rural areas, we have a stunning condo at Kicking Horse Mountain Resort. This property is perfect for both adventure seekers and those looking for a peaceful retreat with breathtaking views. Additionally, we have a beautiful home on McMurdo Road, offering spacious living and stunning natural surroundings.

Market Dynamics

Overall, the market in both the town of Golden and the surrounding rural areas is experiencing varied trends:

• In the town of Golden, we are seeing more activity with an increase in new listings and faster sales.
• In rural Golden, while prices are rising, the number of new and sold listings has decreased, and properties are taking longer to sell.
• Despite these differences, both areas show a strong sale-to-list price ratio, indicating that homes are still in demand and selling close to their asking prices.

In summary, Golden presents a dynamic real estate market with distinct trends between the town and rural areas. If you have any questions or need personalized advice, feel free to reach out to me. Thank you for joining this market update, and I look forward to helping you with your real estate needs.

Here are the detailed market reports for spring of 2024 –  Rural Golden, BC and the Town of Golden, BC.