Real Estate Market Update

Trends and Insights

As we head into the active spring market, Princeton has seen steady sales this year, reflecting both growing buyer interest and evolving pricing dynamics. A strong local economy, desirable lifestyle and relatively affordable real estate are contributing factors to the current market. Whether you're looking to buy, sell, or simply stay informed, understanding these trends can help you make strategic decisions.

Princeton Market Snapshot

What These Numbers Mean for Buyers and Sellers

For Buyers:

With 114 active listings, there are plenty of options to explore. However, the increase in sales activity (+26%) suggests that competition is heating up. If you're in the market for a home, acting decisively and working with a knowledgeable real estate agent can help you secure the right property before it’s gone.

For Sellers:

The 97-day average on market means homes are selling at a reasonable pace, but pricing strategically is key. While the average sale price has dipped slightly (-1%), the rise in sales volume indicates that well-priced homes are still attracting buyers. If you're considering selling, ensuring your property is well-presented and competitively priced can help you maximize your return.

Keremeos Market Snapshot

The Keremeos real estate market remains resilient, with sales holding steady compared to last year, reflecting consistent demand in the area. However, the average sale price has surged by 27%, indicating strong price growth and increased property values. This upward trend suggests that buyers are willing to pay a premium for homes in the region, possibly driven by limited inventory, heightened interest in rural living, or broader market dynamics. Despite stable sales volume, the price appreciation signals a competitive market where sellers may benefit from rising equity, while buyers navigate higher costs.