The South Peace River housing market cooled from its July pace in August, but sales remained above year-ago levels.
A total of 31 residential properties changed hands across the region in August, up 34.8 per cent from the same month last year, according to figures from the Association of Interior Realtors.
That was down from 53 sales recorded in July, but the association said month-to-month swings can be more noticeable in a smaller market such as the South Peace River region.
“Given the smaller size of the South Peace River market, even modest changes in sales or listings can result in noticeable month-to-month fluctuations,” said Association President Ryan Mayne.
“While this can make short-term trends difficult to establish, overall market activity continues to remain relatively steady.”
For buyers and sellers, the biggest movement came in single-family homes.
The average price for a single-family home jumped 13.3 per cent from August 2025 to $334,698, with 22 homes sold.
Mobile homes moved in the opposite direction, with the average price dropping 14 per cent to $243,000.
Condominiums and apartments saw the biggest percentage increase, with the average price rising 45.2 per cent year-over-year to $90,000. However, that figure came from just two sales, making it a much smaller sample.
There were also a few more properties to choose from compared with last summer.
The region saw 68 new listings hit the market in August, a three per cent increase from a year earlier. Total active inventory reached 239 listings, up 3.9 per cent from August 2025.
The South Peace numbers stand out against a tougher August across the broader Association territory, which includes the Okanagan, Kamloops and Kootenay regions.
Wildfires, evacuations and displacement across those communities contributed to a 13.4 per cent year-over-year decline in total residential sales.
“August was a difficult month for our communities. Evacuations displaced families, homes were lost, and the focus rightfully shifted away from real estate,” Mayne noted, acknowledging that the focus properly remained on safety while market transactions slowed.
For the South Peace, the latest numbers suggest the market is still moving even if August didn’t match July’s pace.
