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December 2024 Fernie Market Wrap-Up: Trends and Predictions
Manage episode 458990669 series 3397054
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In Episode #49 of The Property Mindset Podcast, titled "December 2024 Fernie Market Wrap-Up: Trends and Predictions," host Phil Gadd takes a deep dive into the year-end dynamics of the Fernie real estate market. Discover how various property types fared as we transition from 2024 into 2025 and what potential buyers and sellers might expect in the coming year.
What’s Inside This Episode:
- December Overview: An in-depth analysis of fewer listings and how specific property types like single-family homes and apartments have seen price increases.
- Market Dynamics: Explore the factors leading to a 14% drop in new listings and an 11% decrease in sales, coupled with the implications of these trends.
- Pricing Insights: Delve into the median price trends across different property types, noting significant gains in apartments and the unusual dip in land prices.
- Historical Review: A review of the long-term market trends, highlighting a consistent property value appreciation over the past decade.
- 2025 Outlook: Predictions for the Fernie real estate market based on current and historical data, providing listeners with foresight into potential market shifts.
📈 Key Takeaways for Listeners: Gain critical insights into how the Fernie market is shaping up and what strategic moves could be beneficial as we approach a new year in real estate investments.
Listen in for a comprehensive review and expert analysis tailored to both seasoned investors and first-time homebuyers.
Show Sponsor: First Tracks Real Estate Group - eXp Luxury
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