April 2025 Fernie Market Update – Tariffs, Elections & Buyer Hesitation

In this episode, we dive into the April 2025 Fernie real estate numbers—where tariffs, election tension, and shifting buyer confidence are showing up in the data.

 📉 Listings and sale prices are down.
 📈 Days on market are up.

 But there's more beneath the surface.
 Whether you're buying, selling, or watching from the sidelines, this episode breaks down the trends and opportunities emerging in a cooling market.

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Transcript

Phil: 0:00

Tariff elections and price drops, the Ferny real estate market for April, 2025. But for savvy buyers and sellers. This just might be the window you've been waiting for. Is it time to hold or time to act? Let's dive in.

0:17

Welcome to the property mindset podcast. The home of the Fernie real estate market report.

Phil: 0:24

So we are back. It is the beginning of the month. It is a market summary for Ferny April, 2025. it is a look back at the April real estate market here in Ferny. I. And has Trump's tariffs and the general election. Finally, taking its effect on the Ferny real estate market. let's find out. There's a lot of red this month. New listings down 37%, On this time last year, year to date new listing 79, that's down 1% on 2024. Sold listings in April 21, down 21%. 11 sold listings. Year to date, 47. up 2% on 2024. the median sale price in Ferny is 627,575. That's down 11% on 2024. more red down 32%. The average list price in April, 2025 compared to April, 2024,$707,027. The average sale price down 35% on April, 2024 at$670,903. Like I said, Trump's tariffs. The general election. Are we looking at a bit of a slowdown, in our market. More red average prices year to date, the average list price, down 13%,$803,708. Average sale price. 2025. Year to date,$761,058. That's down 14%. So house prices as of April, 2025 are down 14% compared to 2024. average sell to list ratio down 4%, so 95%. if you list your house in April, you would've expected to get 95% of what you listed it for The only green in the last few slides up 57%. But that's not great if you're a seller. That means houses are staying on the market a little bit longer. Our buyers getting nervous. Well, the numbers are telling us a distinct story. month supply of inventory is down to 5.33. It's down 21% on, April, 2024 active inventory. Always an issue here in Ferny 75 in April, 2025. That's down 12%, on April, 2024. Okay, so the average year on year increased in the last five years is at 10.39% as we can see there in orange. The average sale price currently in 2025 is 761,000.$50, year on year, percentage increase over the last, decade here, inferity of the average sale price is still a healthy eight point 72%. The media and year on year increase in the last five years is at 9.26% and the current median. Sale price in Ferny is at 627,575. The median year on year percentage increase in the last decade, is a healthy 7.46%. So as you can see a very interesting picture, for the ferny real estate markets, in Ferny, for April, 2025. we are seeing a bit of a pause on certain types of properties. from my experience I'm seeing, properties over a million dollars kind of slow down quite considerably, and we are seeing that in the numbers because. The price point of 700 to a million is very active, and they are the properties that are selling the most, and that's reflected in, numbers for April, 2025. If you'd like a deeper dive into, the Ferny real estate market, then. Please feel free to give me a call. My direct number as always is 7 7 8 7 4 5 0 3 4 7. Below this video is also a link where you can schedule a call directly into my calendar. But as always, stay focused, stay informed, and keep building your property mindset.