Hope Real Estate Market Report
Executive Summary
The Hope, British Columbia real estate market is currently classified as a balanced market. The median asking price is $650K, up 36.7% over the past 30 days.
There are currently 137 active listings, representing 34.3 months of inventory. 20 properties have sold in the past 90 days at a median sold price of $585K. Inventory has increased 2640.0% compared to last month.
Currently, listings spend an average of 7 days on market and the average price per square foot is $780.
Detached properties make up the largest share of the Hope market at 75% of active listings with an average price of $2.0M. Townhouse listings follow at 25% (avg $424K).
Sales Activity & Absorption
Volume
Market Signals
4 properties sold in the past 30 days, 132 new listings appeared in the past month, 37 sellers reduced their asking price.
Market Balance
Months of Inventory
With 34.3 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Crystal River Court | 5 | $223K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Hope market currently has 137 active listings with a median price of $650K and 34.3 months of inventory.
- High inventory (34.3 months) favors buyers
- Prices rising (36.7% in 30 days)
- High price reduction rate (27% of listings)
- High sell-through rate (100%)
- Fast-moving market (7 avg days on market)
- Average price per square foot is $780
- Sold properties averaged -40 days on market
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of May 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.