Fernie Real Estate Market Update – July 2025: Buyers Return, Prices Rise, and Inventory Tightens

In this episode of The Property Mindset Podcast, Phil Gadd breaks down Fernie’s July 2025 real estate trends — where sold listings have surged, average prices climbed, and inventory is tightening across the valley. Discover what this shift means if you’re buying, selling, or investing in Fernie, BC. Get clear insights into pricing trends, buyer momentum, and how Fernie stacks up against other BC markets.

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Transcript

Phil: 0:00

The Fernie market has just heated up in July. Listings are moving faster. Buyers are back and off market deals are booming, so you wanna know where the smart money's going. Stay with me while I break it all down. The Fernie Real Estate market report for July, 2025.

0:15

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

Phil: 0:23

So it's that time of the month again, it's the Ferny Market summary. this month we are looking at July, 2025. new listings, we had 30 new listings in July, 7% on, July, 2024. new listings to date, were actually slightly down 10%. We've had 157 new listings in the first half of 2025. sold listings. 21, last month that's up or whopping 110%. So lots of activity last month in July. kind of unusual for July, but, shows, there's lots of buyers out there. sold listings year to date, we're at 90 so far. that's exactly the same as 2024. the median price is down slightly by 4%. The median price in Ferny as of July, 2025 is 695,000. Okay, let's get into some average prices. so the average house price and the average list price in the average sale price year to date? both down 2%. the average list price, this year, 2025 is, 860,260. the average sale price is 818,230 the sell to list ratio, is down, 1% to 96%. if you list your house. On average, you're expected to get, 96% of that list price. And days on market down 62 days, that's, that's pretty low actually down 2%. So houses are selling quickly at the moment, at this time of year. So inventory's moving quickly. Buyers are out there. We've had, 110. no, sorry. 90 sales so far this year 21 of those in July Supply of inventory is down 36% from this time last year at 5.79. so we still, we would still, that would still mean we're in a kind of, balanced market edging towards the side of buyers and the average and the active inventories at 81, and that's down 27% on this time last year. if we look at the year on year percentage increase over the last five years, we are currently at, 9.62%. So if you bought a house in 2021 every year since then, it would've increased in value by 9.62%. the average house price year to date in 2025, is 818,235. Let's extend that over the last decade. If you bought a house back in 2015. the average sale price infer has increased by 8%, 8.07%, and as you can see there, you know, it's steady growth over the last decade. So Ferny representing still a strong market. We look at the, year on year increase over the median sales. In the last five years, it's still 8.85%, and over the last decade, it's at 6.5%. Are you still witnessing properties on the market? Yes, we are, a certain price point inferity. we feel, well, I feel that properties, if they're not priced, correctly, which is true in any market, but particularly in this one at a certain price point, properties aren't really moving. Quickly, what we're seeing is properties, below a million dollars moving quite quickly. We're also seeing a lot of deals. I've done more, off market deals this year, than I ever have. That's indicative of why you want to use a realtor. Here in Ferny because, you know, we do have access to buyers and sellers and, not always, sellers wanting to go the MLS. strategy, the MLS route. it's always, worthwhile, hitting us up if you are looking to buy or sell. especially, here at First Tracks real estate group. You have lots of contacts and buyers and sellers in our database, and, we're pretty good at matching them up with the right deal. So if you do have any questions about the Ferny real estate market. my number as always, 7 7 8 7 4 5 0 3 4 7. If you like what you're seeing here, give us a thumbs up. comment below. It does help this channel gain momentum and, one thing we always say here at First Track Real Estate Group is stay informed. Stay focused, and keep building your property mindset.