Real estate totals for the East and West Kootenays from January 2021, and the previous two years. KAR file

Real estate totals for the East and West Kootenays from January 2021, and the previous two years. KAR file

Kootenay real estate market stays strong

There is some concern about lack of inventory

Kootenay Association of Realtors (KAR) President Chuck Bennett admits to some concerns regarding inventory as the new year begins.

“With respect to inventory, it is a bit worrying for me when I see sluggish improvement in the number of new properties being listed. Although unlikely, at this rate, we may soon exhaust our active inventory,” he said in the latest update from KAR.

The hope is, he says, that if demand continues strong, more people will list their homes in the coming months.

Stats show that January 2021 saw a rise of 35.1 per cent in unit sales over January 2020. The average residential price in the Kootenays was $427,543, up 28.2 per cent from the same time last year.

Additionally, homes are selling faster with the average days on market for residential properties reducing from 116 to102 days.

The Kootenay real estate market has been on a very strong run for the past eight months.

Just Posted

The first Pfizer-BioNTech COVID-19 vaccine dose in Canada is prepared at The Michener Institute in Toronto on Monday, Dec. 14, 2020. THE CANADIAN PRESS/Frank Gunn
One death, 39 new cases of COVID-19 in Interior Health

There are 484 active cases of the virus in the region currently

Brenda Ware. (RCMP)
Murder charge laid against man in Kootenay National Park homicide

Philip Toner was located in Lake Country on May 11

Town has passed the 2021 budget, with a five per cent spending increase. (Claire Palmer photo)
Town council approves 2021 budget and tax rate bylaw

The budget will increase by five per cent this year

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. THE CANADIAN PRESS/Nathan Denette
65 new cases of COVID-19 in Interior Health

Overall, B.C. is seeing a decrease in COVID-19 cases

B.C. Labour Minister Harry Bains in the B.C. legislature, May 13, 2019. (Hansard TV)
VIDEO: B.C. to provide 3 days of sick pay for COVID-19 absences

Province will support employers on cost, labour minister says

Capt. Arpit Mahajan of the Canadian Forces Snowbirds - Snowbirds 2 - shows off his ‘Jenn Book’ dedicated to Capt. Jennifer Casey. Zoom screenshot
Homecoming for B.C.-raised Snowbirds pilot training in the province

Capt. Arpit Mahajan flies Snowbird 2 in his first year as a solo pilot with the team

(Glenmore Neighbours/Facebook)
VIDEO: Parade of ducklings stalls Glenmore traffic

Duck and ducklings trek across Glenmore, guided to pond by residents

Vernon’s Tanya Wick, human resources VP at Tolko Industries Ltd., has been named the 2021 HR Professional of the Year by the Chartered Professionals in Human Resources of British Columbia and Yukon. (CPHR BC & Yukon photo)
Okanagan resident gets top provincial award for HR excellence

Tolko’s Tanya Wick has earned the title of 2021 HR Professional of the Year

BC Housing minister David Eby. (THE CANADIAN PRESS/Chad Hipolito)
Eby jabs back against Penticton mayor’s ad urging BC Premier to intervene in shelter dispute

Eby writes that Penticton’s ‘serious’ social issues won’t improve under leadership of the mayor

What3words was first created in the U.K. in 2013 and is credited to saving the lives of outdoor enthusiasts around the world. (Contributed)
‘This is a life saving tool’: App helps paramedics find capsized canoeists near Revelstoke

What3words pinpoints the person’s phone location to a three-meter range

The City of Vernon is taking a close look at six high-priority Okanagan Lake access points, including three sites along Tronson Road (pictured above) in May 2021. (Brendan Shykora - Morning Star)
Vernon council looking closely at Okanagan Lake access points

Six access points have been identified as ideal for recreation

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature, April 29, 2021. (B.C. government)
B.C.’s COVID-19 rate creeps up again, 600 new cases Wednesday

One more death, 423 people in hospital with virus

Most Read