October 3, 2025 • 8 mins
Fernie’s real estate market just shifted — sales dropped over 50%, but prices and demand remain strong. In this episode, Phil Gadd breaks down what that means for buyers, sellers, and investors in 2025. Discover where the real opportunities lie, what’s driving Fernie’s property market resilience, and how to act strategically in the months ahead.
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Show Sponsor: First Tracks Real Estate Group - eXp Luxury
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Phil (00:00):
Has Fernie real estate market just hit a turning point.
Sales down over 50% inSeptember, 2025, but prices and
demand holding strong.
So what does this mean if you'rebuying, selling, or investing
right now?
Stick around.
I'll break it down and give youthe moves you need to win in
this market.
(00:20):
Welcome to the Property MindsetPodcast, the home of the Ferny
Real Estate market report.
So a short break from our showsponsor exp Luxury at first
TrackX Real Estate Group.
Imagine a real estate experiencewhere your luxury property isn't
just seen but showcased bothlocally and globally.
(00:41):
Exp luxury is about more thantransactions.
It's about transforming how highend properties reach the market
with a blend of unparalleledglobal exposure, cutting edge
marketing strategies, and anelite network of professionals.
E exp Luxury ensures yourproperty stands out in the
luxury market.
Phil Gad and the First Tracksreal estate group leverages
(01:05):
platform to elevate yourlistings, ensuring it reaches
its full potential.
Welcome to the new standard inLuxury real estate.
This is the Fernie Real Estate Market summary for
September, 2025.
So let's get into it.
New listings, September.
That's up 5%.
new listings year to date isactually down, by.
(01:27):
9%.
So we have fewer properties onthe market, throughout 2025 this
year.
adding to the inventory issuethat we have here in Fernie,
sold listings, in September,2025 we're down 56%.
We only had 11 sold listingslast year, so last September we
(01:48):
had over 20 sold listings, we'redown on listings sold, Year to
date.
That is at 90 year to date, it'sdown 5% on last year.
The median price in Ferniecurrently is down 2% to 720,000
basically.
so that is the median price ofproperty here in Fernie right
(02:10):
now, as of September, 2025.
let's have a look at someaverage prices.
so average prices of ofSeptember, 2025 up slightly on
list price, 1% to 921,709, andthe average sale price is up 6%,
on, September 885,455.
(02:35):
So the year to date prices alsoslightly up.
so list prices are slightly up.
As is the current, average saleprice.
the sale price this year in2025, is up 3% to 853,000.
days on market, is actually downsignificantly, from last year.
(02:55):
It's actually down 45% to 49days on market.
So that kind of shows thatproperties are selling a lot
quicker than they did last year.
the sell to list ratio isslightly up.
At 97%.
So, you know, if you do sellyour property on average, you
would expect to get 90% of thelist price, which is still
(03:19):
relatively high this year.
Month's supply of inventory.
Um, it's down at 30%.
at 6.07.
So that's down.
And it does show that there areless properties on the market
this year.
the active inventory is down,22% at, 82.
(03:41):
So it does feel like September,we've had a bit of a stall, and,
potential reasons for that.
Lots going on, south of Canada,down in the US and, inflation's
low and job numbers are veryhigh so all could have a
significant impact on, thecurrent.
State of affairs in September,2025.
(04:03):
let's look back over the lastfive years in Fernie and still a
healthy year on year percentageincrease, over the last five
years.
10.66%.
if you bought a property in 2021on average, you could expect it
to appreciate, every year.
By almost 11%, over the lastdecade, that has dropped a
little but still a healthynumber, 8.49%.
(04:26):
If you bought a property back in2015, it would've appreciated
year on year by an average of8.5%.
The median price in Fernie isalso healthy, almost 10%, 9.75
over the last five years.
as is the growth of the medianprice over the last decade, is
currently at, year on yearincrease at 6.68%.
(04:51):
All right.
Let's bring this home with astrategic outlook for September,
2025.
We've looked at the numbersFernie local dynamics, but what
does actually mean if you arebuying, selling, or investing
right now?
Uh, if you're a buyer, 2025 isyou a window of opportunity we
(05:11):
haven't seen for a while, in myopinion.
there seems bit more choice,this time of year do have more
negotiating power a chance toget into Fernie at a stronger
position than in the last fewyears and considering the,
Market is still, um, compared toother markets such uh, Squamish,
uh, Banff, Canmore Fernie isstill relatively good value for
(05:34):
your money.
key.
The best opportunities are gonnabe those who are pre-approved
and don't have a property tosell.
You are the ones who can movequickly and, uh, make no
mistake.
The best homes aren't sittingaround forever, Desirable
listings are still moving fast.
So this is about being preparedand decisive sellers, your
(05:56):
playbook's a little differentright now.
Overpriced listings just aren'tmoving, and the data proves
this.
Uh, we saw elevated days onmarket earlier in 2025, but in
September, properties that werepriced right at market value
still sold in under 50 days, andan average of nearly 90% of the
asking price.
(06:17):
The market rewards realism.
If your home aligns with fairmarket value and is presented
properly, you can still sellquickly and for strong money,
Start with an accuratedata-driven valuation, and
resist the temptation to testthe market.
Investors long-term in Fernieremains incredibly compelling.
(06:37):
Over the last five years,average sale prices have climbed
almost 13% over the last decade,closer to 15.
pan.
That is resilience.
NY isn't just about bricks andmortar, it's about a lifestyle
destination with limited supply.
You can't create more Elk River.
You can't recreate the ski hillwell, unless you build another
(06:58):
one.
But that's a podcast for anothertime.
the Constrained Supply currentlyplus sustained demand Fernie
real real estate a strong hedgefor the long run.
If you are thinkinggenerationally, not just
transactionally, thefundamentals here are solid.
so to sum it all up here inSeptember, 2025, this is a
(07:18):
balance, but opportunity filledmarket buyers with their
financing lined up haveleverage.
Sellers with realistic pricingcan still achieve great results
And long-term investors cancontinue to build on Fernie's
proven growth story.
Whatever side of the tableyou're on, the winners will be
the ones who act strategicallyand stay informed.
(07:40):
So again, thanks for listening.
Really appreciate If this wasuseful, please subscribe for
more data-driven Fernie, marketInsight, and share this with
anyone you in Fernie who whomight be thinking about buying,
selling, or investing in Ferniereal real estate.
Until next time, I'm Phil Gadd.
As always, stay focused, stayinformed, and keep building that
(08:03):
property mindset.
Has Fernie real estate market just hit a turning point.
Sales down over 50% inSeptember, 2025, but prices and
demand holding strong.
So what does this mean if you'rebuying, selling, or investing
right now?
Stick around.
I'll break it down and give youthe moves you need to win in
this market.
(00:20):
Welcome to the Property MindsetPodcast, the home of the Ferny
Real Estate market report.
So a short break from our showsponsor exp Luxury at first
TrackX Real Estate Group.
Imagine a real estate experiencewhere your luxury property isn't
just seen but showcased bothlocally and globally.
(00:41):
Exp luxury is about more thantransactions.
It's about transforming how highend properties reach the market
with a blend of unparalleledglobal exposure, cutting edge
marketing strategies, and anelite network of professionals.
E exp Luxury ensures yourproperty stands out in the
luxury market.
Phil Gad and the First Tracksreal estate group leverages
(01:05):
platform to elevate yourlistings, ensuring it reaches
its full potential.
Welcome to the new standard inLuxury real estate.
This is the Fernie Real Estate Market summary for
September, 2025.
So let's get into it.
New listings, September.
That's up 5%.
new listings year to date isactually down, by.
(01:27):
9%.
So we have fewer properties onthe market, throughout 2025 this
year.
adding to the inventory issuethat we have here in Fernie,
sold listings, in September,2025 we're down 56%.
We only had 11 sold listingslast year, so last September we
(01:48):
had over 20 sold listings, we'redown on listings sold, Year to
date.
That is at 90 year to date, it'sdown 5% on last year.
The median price in Ferniecurrently is down 2% to 720,000
basically.
so that is the median price ofproperty here in Fernie right
(02:10):
now, as of September, 2025.
let's have a look at someaverage prices.
so average prices of ofSeptember, 2025 up slightly on
list price, 1% to 921,709, andthe average sale price is up 6%,
on, September 885,455.
(02:35):
So the year to date prices alsoslightly up.
so list prices are slightly up.
As is the current, average saleprice.
the sale price this year in2025, is up 3% to 853,000.
days on market, is actually downsignificantly, from last year.
(02:55):
It's actually down 45% to 49days on market.
So that kind of shows thatproperties are selling a lot
quicker than they did last year.
the sell to list ratio isslightly up.
At 97%.
So, you know, if you do sellyour property on average, you
would expect to get 90% of thelist price, which is still
(03:19):
relatively high this year.
Month's supply of inventory.
Um, it's down at 30%.
at 6.07.
So that's down.
And it does show that there areless properties on the market
this year.
the active inventory is down,22% at, 82.
(03:41):
So it does feel like September,we've had a bit of a stall, and,
potential reasons for that.
Lots going on, south of Canada,down in the US and, inflation's
low and job numbers are veryhigh so all could have a
significant impact on, thecurrent.
State of affairs in September,2025.
(04:03):
let's look back over the lastfive years in Fernie and still a
healthy year on year percentageincrease, over the last five
years.
10.66%.
if you bought a property in 2021on average, you could expect it
to appreciate, every year.
By almost 11%, over the lastdecade, that has dropped a
little but still a healthynumber, 8.49%.
(04:26):
If you bought a property back in2015, it would've appreciated
year on year by an average of8.5%.
The median price in Fernie isalso healthy, almost 10%, 9.75
over the last five years.
as is the growth of the medianprice over the last decade, is
currently at, year on yearincrease at 6.68%.
(04:51):
All right.
Let's bring this home with astrategic outlook for September,
2025.
We've looked at the numbersFernie local dynamics, but what
does actually mean if you arebuying, selling, or investing
right now?
Uh, if you're a buyer, 2025 isyou a window of opportunity we
(05:11):
haven't seen for a while, in myopinion.
there seems bit more choice,this time of year do have more
negotiating power a chance toget into Fernie at a stronger
position than in the last fewyears and considering the,
Market is still, um, compared toother markets such uh, Squamish,
uh, Banff, Canmore Fernie isstill relatively good value for
(05:34):
your money.
key.
The best opportunities are gonnabe those who are pre-approved
and don't have a property tosell.
You are the ones who can movequickly and, uh, make no
mistake.
The best homes aren't sittingaround forever, Desirable
listings are still moving fast.
So this is about being preparedand decisive sellers, your
(05:56):
playbook's a little differentright now.
Overpriced listings just aren'tmoving, and the data proves
this.
Uh, we saw elevated days onmarket earlier in 2025, but in
September, properties that werepriced right at market value
still sold in under 50 days, andan average of nearly 90% of the
asking price.
(06:17):
The market rewards realism.
If your home aligns with fairmarket value and is presented
properly, you can still sellquickly and for strong money,
Start with an accuratedata-driven valuation, and
resist the temptation to testthe market.
Investors long-term in Fernieremains incredibly compelling.
(06:37):
Over the last five years,average sale prices have climbed
almost 13% over the last decade,closer to 15.
pan.
That is resilience.
NY isn't just about bricks andmortar, it's about a lifestyle
destination with limited supply.
You can't create more Elk River.
You can't recreate the ski hillwell, unless you build another
(06:58):
one.
But that's a podcast for anothertime.
the Constrained Supply currentlyplus sustained demand Fernie
real real estate a strong hedgefor the long run.
If you are thinkinggenerationally, not just
transactionally, thefundamentals here are solid.
so to sum it all up here inSeptember, 2025, this is a
(07:18):
balance, but opportunity filledmarket buyers with their
financing lined up haveleverage.
Sellers with realistic pricingcan still achieve great results
And long-term investors cancontinue to build on Fernie's
proven growth story.
Whatever side of the tableyou're on, the winners will be
the ones who act strategicallyand stay informed.
(07:40):
So again, thanks for listening.
Really appreciate If this wasuseful, please subscribe for
more data-driven Fernie, marketInsight, and share this with
anyone you in Fernie who whomight be thinking about buying,
selling, or investing in Ferniereal real estate.
Until next time, I'm Phil Gadd.
As always, stay focused, stayinformed, and keep building that
(08:03):
property mindset.
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