Association of Interior REALTORS® - South Peace River Region

South Peace River Real Estate Market Activity Picking Up

Residential real estate market activity in April heated up to a simmer with new inventory coming on to market, reports the Association of Interior REALTORS® (the Association).

A total of 1,282 residential unit sales were recorded across the Association region in April coming in above March’s 977 units sold and almost on par compared to April 2023 with a 0.1% decrease.

“After the lukewarm activity in March, it’s nice to see that the bustling Spring market has arrived,” says the Association of Interior REALTORS® President Kaytee Sharun, adding that “while it may have taken longer to arrive than usual, this Spring activity is indicative of a normal seasonal real estate market.”

New residential listings saw a hardy uptick of 34.3% compared to April 2023 with 3,409 new listings recorded last month. The total number of active listings saw an increase of 41.6% of total inventory compared to April 2023 with 8,838 recorded across the Association region. The highest percentage increase in active listings was in the Shuswap/Revelstoke region with a total increase of 58.5% compared to April 2023.

“There are numerous factors that could be contributing to the increase of new inventory,” notes Sharun, adding “it could merely be a case of the seasonal Spring market finally hitting its stride, a case of government policies coming into play or simply due to an adjustment of expectations aligning more with current market conditions.”

“After years of having an inventory drought challenging homebuyers, this upswing in listings will come as a relief to buyers as it expands their options making finding a dream home a more viable reality than when limited options may have had them settling for the next best,” adds Sharun.

In the South Peace River region, there was a total of 33 residential unit sales recorded in April 2024 marking a 17.9% increase compared to April 2023, and up from March 2024’s 23 units sold. There was an increase of 42.6% in new listings in year-over-year comparison with 77 new listings recorded for the month, and up 2.3% in total active listings compared to April 2023 with a total of 221 listings.

“It is interesting to note that despite the generous upswing in new listings, inventory for the South Peace River region remains low, only barely above the all-time low that was seen in 2022,” says Sharun.

The average price for single-family homes increased 0.5% compared to April 2023 coming in at $261,835. The average price for condominiums saw a decrease of 50.4% in year-over-year comparison coming in at $68,775.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.


The Association of Interior REALTORS® is a member-based professional organization serving approximately 2,500 REALTORS® who live and work in communities across the interior of British Columbia including the Okanagan Valley, Kamloops and Kootenay regions, as well as the South Peace River region.

The Association of Interior REALTORS® was formed on January 1, 2021 through the amalgamation of the Okanagan Mainline Real Estate Board and the South Okanagan Real Estate Board. The Association has since also amalgamated with the Kamloops & District Real Estate Association and the Kootenay Association of REALTORS®

For more information, please contact: for association statistical information.
BCREA Chief Economist, Brendon Ogmundson, for province-wide statistical information.

About HPI The MLS® Home Price Index (HPI) is the most advanced and accurate tool to gauge home price levels and trends by using benchmark pricing rather than median or average. It consists of software tools configured to provide time-related indices on residential markets of participating real estate boards in Canada.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA (REALTOR®/ REALTORS®).

For the most comprehensive source of all real estate listings, home buying and selling information, visit our national website at To find out about the advantages of using a REALTOR®, check out


The Association of Interior REALTORS®

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For more information,
please contact:

George Greenwood
Chief Executive Officer
250 491 4560

Kaytee Sharun

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