Trail: Real estate sales up; inventory down

The Trail Times talked with local realtors after noting many SOLD signs going up in the area.

Trail: Real estate sales up; inventory down

There seems to be a lot more “Sold” signs stamped on listings in the Trail area this year.

So the Trail Times asked local realtors about the state of property sales in the Lower Columbia, and by all accounts, the news is good more homes have been selling, some even drawing new people to town.

“This year has been busier for real estate sales, starting in approximately February,” says Deanne Slessor from Century 21 Kootenay Homes. “Most of B.C. is seeing more action and Trail usually follows behind the trend a little.

“Our market is not as volatile as many, which is nice as it’s less risky as a buyer or seller.”

Keith Dewitt from Re/Max All Pro Realty says there is much more balance between buyers and sellers this year, which has led to increased demand.

He notes a 21 per cent increase in sales from Rossland to Fruitvale to date over this time last year, and a 33 per cent increase over the three-year average for the same time period.

“The amount of sales in 2016 is higher, but the amount of listings is lower,” Dewitt explained. “Better quality homes are selling in all price ranges. People have spent the past five or six years doing upgrades and renovations to their home and now the quality of the product selling is higher, in my opinion.”

The most popular areas are family-oriented neighbourhoods, and homes that are already renovated.

“Homes that have been upgraded are selling the quickest and for the highest value, as a lot of buyers do not want to renovate,” Slessor said. “Now is an excellent time to buy with interest rates so low and prices are stable.”

She noted another trend commonly seen in the larger cities, not so often in Trail more than one bid on a property and not always from a local source.

“This year we have seen more multiple offer situations than in the previous several years,” she added. “(And) there have been more buyers from Alberta and also some from the coast. They are migrating back here for the cost of living and quality of life. Southern B.C. is the most beautiful and best place to live in Canada!”

While the majority of sales are still to local buyers, Dewitt says the market is attracting interest and buyers from the Okanagan, the Lower Mainland and the rest of the West Kootenay.

“We still have low interest rates and reasonable prices in our area,” he said. “We now have a shortage of listings in our area going into the fall and winter.”

Although a variety of homes are selling from Rossland to Fruitvale, the majority sold are between $150,000 to $200,000, says Thea Hansen, realtor for Re/Max All Pro Realty.

“As a whole the units sold are up over last year,” she explained, noting inventory is presently at a low. “We have 15 per cent less homes available this year compared to last, which means it’s not a buyer’s market, but more of a seller’s market it’s a matter of supply and demand.”

That said, the homes that are selling are priced accurately for the value, she added.

“The majority (buyer) is local, upsizing and downsizing,” Hansen said. “But we are starting to see people from the Lower Mainland, Okanagan and Alberta coming this way simply for the affordability and lifestyle. People are just passionate about the Kootenays.”

Just Posted

Protestors blocking Columbia Avenue Saturday evening. Photo: Betsy Kline
Old growth protesters begin 24-hour blockade of Castlegar’s main street

Members of Extinction Rebellion plan to stay overnight

Forty sled dogs were seized by the BC SPCA from a Salmo kennel in February. A recent ruling has decided the dogs won’t be returned. Photo: Gounsil/Flickr
BC Farm Industry Review Board rules against Salmo kennel after 40 sled dogs seized

Spirit of the North Kennels was also ordered to pay BC SPCA $64,000

Residents line up outside the Vernon Recreation Complex for their COVID-19 vaccine Saturday, June 5. (Jennifer Smith - Morning Star)
No appointments necessary for first dose COVID-19 vaccine: Interior Health

People can just show up at clinics, register on the spot and get the shot

SD20 now has an electric bus. Photo: Submitted
Kootenay-Columbia School District 20 adds electric bus to fleet

Bus will be incorporated into Castlegar route for next school year

Painting by Dave Davies from Shaver’s Bench facing Teck Trail.
Happy 120th Birthday to the City of Trail!

The town of Trail Creek- or Trail Creek Landing - was incorporated as a city on June 14, 1901.

At an outdoor drive-in convocation ceremony, Mount Royal University bestows an honorary Doctor of Laws on Blackfoot Elder and residential school survivor Clarence Wolfleg in Calgary on Tuesday, June 8, 2021. THE CANADIAN PRESS/Jeff McIntosh
‘You didn’t get the best of me’: Residential school survivor gets honorary doctorate

Clarence Wolfleg receives honorary doctorate from Mount Royal University, the highest honour the school gives out

Two-year-old Ivy McLeod laughs while playing with Lucky the puppy outside their Chilliwack home on Thursday, June 10, 2021. (Jenna Hauck/ Chilliwack Progress)
VIDEO: B.C. family finds ‘perfect’ puppy with limb difference for 2-year-old Ivy

Ivy has special bond with Lucky the puppy who was also born with limb difference

A million-dollar ticket was sold to an individual in Vernon from the Lotto Max draw Friday, June 11, 2021. (Photo courtesy of BCLC)
Lottery ticket worth $1 million sold in Vernon

One lucky individual holds one of 20 tickets worth $1 million from Friday’s Lotto Max draw

“65 years, I’ve carried the stories in my mind and live it every day,” says Jack Kruger. (Athena Bonneau)
‘Maybe this time they will listen’: Survivor shares stories from B.C. residential school

Jack Kruger, living in Syilx territory, wasn’t surprised by news of 215 children’s remains found on the grounds of the former Kamloops Indian Residential School

A logging truck carries its load down the Elaho Valley near in Squamish, B.C. in this file photo. THE CANADIAN PRESS/Chuck Stoody
Squamish Nation calls for old-growth logging moratorium in its territory

The nation says 44% of old-growth forests in its 6,900-square kilometre territory are protected while the rest remain at risk

Flowers and cards are left at a makeshift memorial at a monument outside the former Kamloops Indian Residential School to honour the 215 children whose remains are believed to have been discovered buried near the city in Kamloops, B.C., on Monday, May 31, 2021. THE CANADIAN PRESS/Darryl Dyck
‘Pick a Sunday:’ Indigenous leaders ask Catholics to stay home, push for apology

Indigenous leaders are calling on Catholics to stand in solidarity with residential school survivors by not attending church services

“They will never be forgotten, every child matters,” says Sioux Valley Chief Jennifer Bone in a video statement June 1. (Screen grab)
104 ‘potential graves’ detected at site of former residential school in Manitoba

Sioux Valley Dakota Nation working to identify, repatriate students buried near former Brandon residential school

The Queen Victoria statue at the B.C. legislature was splattered with what looks like red paint on Friday. (Nicole Crescenzi/News Staff)
Queen Victoria statue at B.C. legislature vandalized Friday

Statue splattered with red paint by old growth forest proponents

Most Read