Demand Exceeds Supply – Kimberley BC Real Estate

Demand for Kimberley properties exceeds supply

The Kimberley real estate market is in an unusual spot right now. Inventory is low – lower than many realtors can ever recall.

“It has never been this low,” said Marilyn Jolie in a recent interview with Carolyn Grant of the Daily Bulletin. “People really want to move here. It’s an amazing place.”

The reduction of the inventory began about five years ago when commercial properties started to move. The outdoor mall known as the Platzl is once again vibrant with unique shops. Kimberley has really hit its stride with lots of new families as well as businesses.

“Gradually the lower priced houses went, then the condos. Last year was my best year ever.”

At present there are only 32 single family homes on the market. After the downturn in 2008 and 2009, we had 170.

There are 52 strata listings, but 19 of them are quarter shares.

“It’s so, so low,” Jolie said. “There’s nothing to sell. Every realtor in town has people looking to buy but there’s no inventory.”

Typically low inventory means prices go up. If you have been waiting for a good time to list your Kimberley BC property – the wait is over. Call 250-427-8700 today!