What is the Revelstoke real estate market like?
If you're curious about what the real estate market is like in Revelstoke, British Columbia, you're not alone. Real estate is one of the hottest topics in town and is causing quite the stir across news outlets. With its stunning mountain views, unrivalled snow and vibrant outdoor lifestyle, it's no wonder that more and more people are looking to call this town home. Let’s take a look at what makes the Revelstoke real estate market unique.
Location & Pricing
Revelstoke is located in southeastern British Columbia, nestled between the Monashee & Selkirk Ranges. It’s only a two and a half hour drive from Kelowna or Kamloops or four and a half hour drive from Calgary.
Revelstoke's culture and charm are undeniable; it is as perfect a place for families as it is for adventurers or retirees. Since it's opening in 2007, Revelstoke Mountain Resort has quickly become a top winter sports destination with the highest vertical drops in North America at 1,713 meters (5,620 feet). The Resort is in Phase 2 of its Master Plan which includes another the addition of a new slopeside golf course by Cabot—one of the top-rated golf development firms in the world.
The real estate market continues to boom with development happening across the city. According to Royal LePage Real Estate Services the median price of a single-family detached home in Revelstoke's recreational property market in 2022 increased 13.3 per cent year-over-year to $850,000, while the median price of a condominium increased 36.6 per cent to $778,500.
Neighbourhoods & Amenities
Revelstoke is divided into multiple neighbourhoods with the most popular being Arrow Heights, Big Eddy, Downtown, Columbia Park, Farwell, Resort and Southside.
Each neighbourhood has its own distinct character with unique amenities nearby such as shopping, schools, restaurants, parks and trails for biking and hiking. The city is home to boasts world-class ski resort—Revelstoke Mountain Resort—as well as many other winter activities such as sledding (snowmobiling), cross-country skiing, snowshoeing and dogsledding. In addition to all these great recreational opportunities, Revelstoke also offers excellent schools (elementary through high school) as well as medical services like hospitals and walk-in medial clinics.
Download the Revelstoke Neighbourhood Map
Building a Home in Revelstoke
If you are looking for a place to build your new home, Revelstoke is an excellent choice. The real estate market in Revelstoke offers a great opportunity for individuals and families looking to build a new or larger home. Our construction team can provide options that allow you create something truly custom suited to your specific needs while also respecting your budget. Contact us today with any questions or concerns about investing or purchasing property in Revelstoke!
