Short answer: Fairmont's median sale price fell about 6% to $406,250 over the past twelve months, but sellers improved their negotiating position — achieving 95.7% of asking, up from 94.5%. The area's defining feature is its split between a large low-priced tier and a strong detached market.
If you're selling: which half of this market you're in matters more than the area average. A detached home is trading at 96.6% of asking on stable volume. Land is trading at 92.9% and needs sharper pricing. Applying a valley-wide or even a Fairmont-wide assumption to a specific property is how listings end up sitting.
If you're buying: the negotiating room here is real and concentrated in land — 92.9% of asking on 18 sales this year. Condos went the opposite way at 98.8%, so don't expect much movement there. Detached sits in between.
Sales were nearly flat — down 11%, one of the smaller declines in the valley. Prices eased, but negotiation improved by over a point.
By property type
Two things stand out.
Building lots were the busiest single category — 18 sales this year, up from 16. No other area in the valley trades this much land. But they trade at 92.9% of asking, the softest negotiation in Fairmont.
Condos (Apartments) rose 15% and achieved 98.8% of asking — the tightest figure in the area. That's on seven sales, down from sixteen, so the sample is thin, and the percentage shouldn't be quoted precisely. But the direction is clear: condo volume dropped sharply while the units that did sell went at nearly full ask.
What's unique about Fairmont
The widest price spread in the valley. A quarter of Fairmont sales are under $157,675. A quarter are over $731,250. The highest sale in the past two years was $2,145,000, the lowest $65,000. No other area covers that range — Fairmont contains both the valley's cheapest inventory and genuinely high-end property.
That spread is why the median is a poor summary here. Half the market is land and entry-level condos; the other half is detached homes at a $729,000 median. They behave differently and shouldn't be averaged together.
It's the valley's land market. With 34 lot sales over two years, Fairmont sees more bare land trade than anywhere else. Prices rose from $106,000 to $117,500, though negotiation stayed soft.
Detached homes are steady. 29 sales then 31 — the only area where detached volume actually rose. The median eased 6%, and the share of asking held almost exactly flat at 96.6–96.7%. Whatever moved elsewhere in the valley, Fairmont's detached market was consistent.
Roughly half the market is under $400,000 — 49% last year, 50% this year. Unlike Invermere, where the affordable tier is shrinking, Fairmont's has held steady.
Timing
Fairmont peaks sharply in May (24 sales over two years), with a secondary run from July through October. February and December are almost completely inactive — five sales and one sale respectively across two years.The May concentration is the strongest single-month spike in the valley. For sellers, that argues for being listed and presentable by mid-April.
What this means
If you're selling: which half of this market you're in matters more than the area average. A detached home is trading at 96.6% of asking on stable volume. Land is trading at 92.9% and needs sharper pricing. Applying a valley-wide or even a Fairmont-wide assumption to a specific property is how listings end up sitting.
If you're buying: the negotiating room here is real and concentrated in land — 92.9% of asking on 18 sales this year. Condos went the opposite way at 98.8%, so don't expect much movement there. Detached sits in between.
If you're comparing: Fairmont offers the broadest range of entry points in the valley, and roughly half its market is under $400,000. If you want optionality on price, this is the area with the most of it. If you want a concentrated detached market, Windermere is more focused.
Frequently Asked Questions
How much does Fairmont Hot Springs real estate cost?
The median sale was $406,250 over the twelve months to July 2026. Detached homes ran a $729,000 median while apartments were $210,000. Fairmont Hot Springs homes for sale span the widest price range in the valley, from about $65,000 to over $2 million.Is Fairmont Hot Springs a good place to buy land?
Fairmont is the Columbia Valley's busiest land market with 34 lot sales over two years — more than any other area. Lots traded at 92.9% of asking, so there's genuine negotiating room.Why does Fairmont have such a wide range of property prices?
Fairmont contains both the valley's cheapest inventory and genuinely high-end property. A quarter of sales are under $157,675 and a quarter are over $731,250.When is the best time to sell in Fairmont?
May is the strongest single month in Fairmont, with a secondary run from July through October. February and December are almost completely inactive.
Talk to Team Rice
Thinking about buying or selling in Fairmont Hot Springs & Columbia Lake?
DK (Deborah-Kim) Rice
Personal Real Estate Corporation
Cell 250-342-5935 (call or text) · dk@rockieswest.com
RT (Robert-Tye) Rice
Sales Representative
Cell 250-270-5935 · rt@rockieswest.com
Royal LePage Rockies West Realty · Invermere, BC
Statistics compiled from MLS® sold records for Fairmont Hot Springs and Columbia Lake between July 2024 and July 2026 — 140 whole-ownership transactions. Fractional and quarter-share interval sales have been excluded. Figures are based on final list prices rather than original list prices. Apartment and townhouse samples are small and identified as such above. Data is believed reliable but is not guaranteed and is subject to revision as late-reported sales are recorded.*
*This information is provided for general market context only. It is not an appraisal, a valuation, or advice regarding any specific property, and should not be relied upon as such. MLS® and REALTOR® are trademarks owned or controlled by The Canadian Real Estate Association.
