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

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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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Episode Transcript

Phil (00:00):
Tariff elections and price drops, the Ferny real estate
market for April, 2025.
But for savvy buyers andsellers.
This just might be the windowyou've been waiting for.
Is it time to hold or time toact?
Let's dive in.
Welcome to the property mindsetpodcast.

(00:20):
The home of the Fernie realestate market report.
So we are back.
It is the beginning of themonth.
It is a market summary for FernyApril, 2025.
it is a look back at the Aprilreal estate market here in
Ferny.
I.
And has Trump's tariffs and thegeneral election.

(00:44):
Finally, taking its effect onthe Ferny real estate market.
let's find out.
There's a lot of red this month.
New listings down 37%, On thistime last year, year to date new
listing 79, that's down 1% on2024.
Sold listings in April 21, down21%.

(01:07):
11 sold listings.
Year to date, 47.
up 2% on 2024.
the median sale price in Fernyis 627,575.
That's down 11% on 2024.

(01:27):
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.

(01:52):
Like I said, Trump's tariffs.
The general election.
Are we looking at a bit of aslowdown, in our market.
More red average prices year todate, the average list price,
down 13%,$803,708.

(02:12):
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.

(02:33):
average sell to list ratio down4%, so 95%.
if you list your house in April,you would've expected to get 95%
of what you listed it for Theonly green in the last few
slides up 57%.
But that's not great if you're aseller.

(02:55):
That means houses are staying onthe market a little bit longer.
Our buyers getting nervous.
Well, the numbers are telling usa distinct story.
month supply of inventory isdown to 5.33.
It's down 21% on, April, 2024active inventory.

(03:17):
Always an issue here in Ferny 75in April, 2025.
That's down 12%, on April, 2024.
Okay, so the average year onyear increased in the last five
years is at 10.39% as we can seethere in orange.
The average sale price currentlyin 2025 is 761,000.

(03:43):
$50, year on year, percentageincrease over the last, decade
here, inferity of the averagesale price is still a healthy
eight point 72%.
The media and year on yearincrease in the last five years
is at 9.26% and the currentmedian.

(04:06):
Sale price in Ferny is at627,575.
The median year on yearpercentage increase in the last
decade, is a healthy 7.46%.
So as you can see a veryinteresting picture, for the

(04:26):
ferny real estate markets, inFerny, for April, 2025.
we are seeing a bit of a pauseon certain types of properties.
from my experience I'm seeing,properties over a million
dollars kind of slow down quiteconsiderably, and we are seeing
that in the numbers because.

(04:47):
The price point of 700 to amillion is very active, and they
are the properties that areselling the most, and that's
reflected in, numbers for April,2025.
If you'd like a deeper diveinto, the Ferny real estate
market, then.
Please feel free to give me acall.
My direct number as always is 77 8 7 4 5 0 3 4 7.

(05:11):
Below this video is also a linkwhere you can schedule a call
directly into my calendar.
But as always, stay focused,stay informed, and keep building
your property mindset.