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Explore the Fernie real estate landscape with Phil Gadd in the March 2025 episode of The Property Mindset Podcast:
- New Listings Surge: A 28% jump to 78 year-to-date listings – what's driving the increase?
- Sales Performance: Identical to last year with 17 homes sold in March – stability or stagnation?
- Median Price Adjustments: A slight decrease to $670,000, down 4% – signs of market correction?
- Pricing Trends: Average listing prices down 17% year-over-year; sale prices reflect cautious optimism.
- Market Tempo: Days on market decrease by 18% – faster sales indicating increased demand?
- Inventory Insights: Active inventory up by 20% to 104 – are we leaning towards a buyer's market with a MSI of 6.03?
- Long-term Growth: Analyzing a decade of data – average annual price growth remains strong at 8.89%.
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Show Sponsor: First Tracks Real Estate Group - eXp Luxury
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