Residential real estate sales in the Kootenay-Boundary dropped 1.1 per cent last month compared to a year earlier.
According to the Association of Interior Realtors, the 274 sales recorded last month was also down from 318 units sold in July of this year, a drop of about 14 per cent.
There were 354 new listings recorded in the region in August, marking a 17.5 per cent decrease compared to the same month the previous year and down from the previous month’s 518 new listings.
Overall active listings in the Kootenay region saw a five per cent increase compared to August 2025, with 1,868 recorded listings, which was below July’s 1,940 overall inventory.
“Despite challenging summer conditions, the Kootenay and Boundary real estate market continued to outperform many other markets across the province,” Association of Interior Realtors president Ryan Mayne said in a news release.
“There was a slight easing in August that slowed some of the momentum built over the last few months, but activity remains healthy. Listings continue to reflect the region’s typically tighter supply while remaining at a solid level heading into fall.”
The benchmark price, which realtors say is a better representation of value compared to the average or median price because it represents a dwelling of “typical attributes,” saw a 5.7 per cent increase in the Kootenays in the single-family housing category compared to the same month the previous year, coming in at $646,400.
Townhomes saw a 4.2 per cent decrease in benchmark pricing, coming in at $500,900. Condos saw a benchmark price increase of 12.9 per cent in year-over-year comparison, coming in at $353,400.
