DK Rice and RT Rice of Team Rice, Royal LePage Rockies West Realty, help buyers find houses in Fairmont Hot Springs, the community at the south end of the Columbia Valley beside Columbia Lake. The answers below are about detached houses. For condos, villas, lots and co-owned shares, see the Fairmont Hot Springs community page.
Detached houses in Fairmont Hot Springs sold for a median of $729,000 over the twelve months to July 2026, based on Team Rice's analysis of Fairmont and Columbia Lake MLS® sales. That was about 6% lower than the year before, and houses sold for about 96.6% of their final asking price. Fairmont has the widest price range in the Columbia Valley, with sales of all property types over the past two years running from $65,000 to $2,145,000. The median for all Fairmont property was much lower, at $406,250, because lots and condos make up about half of what sells, so compare a house only against other houses.
About 30 detached houses sell in Fairmont Hot Springs in a typical year: 29 in the twelve months to July 2025 and 31 in the twelve months to July 2026. Fairmont was the only area in the Columbia Valley where detached sales went up over that time, while total sales across the valley fell about 16%. With roughly 30 sales a year, the choice at any one time is small, and a well-priced house can sell quickly. Team Rice can set up a Fairmont listing alert so you see new houses the day they are listed.
Building is a real option in Fairmont Hot Springs, because it is the Columbia Valley's busiest land market: 34 lots sold over the two years to July 2026, more than in any other area of the valley. The median lot price rose from $106,000 to $117,500, and in the most recent year lots sold for 92.9% of asking, the most negotiating room of any property type in Fairmont. Building takes longer and costs more up front than buying, so price out servicing, permits and construction before you compare it with a finished house. Across the Columbia Valley, homes built since 2020 sold for 99% of asking, and you can browse current Fairmont lots and acreage.
Start with how the house is serviced and governed, because Fairmont Hot Springs is not a municipality, and zoning and building permits are handled by the Regional District of East Kootenay. Ask whether the house is on a community water and sewer system or on a well and septic, and get the records for whichever it has. Some Fairmont houses are part of a strata, which means a monthly fee and bylaws even though you own the house, so ask for the strata documents if there are any. Get a home insurance quote early, and talk to your lawyer about anything registered on title. Team Rice checks these points for the specific house before you write an offer.
Fairmont Hot Springs works well year-round for anyone who wants a quiet place and does not mind a short drive for most errands. The hot pools at Fairmont Hot Springs Resort stay open through the winter, so the community does not shut down the way many summer places do. Invermere, about 25 minutes north, has the hospital, the larger grocery stores and most services, and Calgary is about three hours away by road. Columbia Lake, the source of the Columbia River, sits just south of the village for paddling, fishing and walking.
May is the busiest month for sales in Fairmont Hot Springs, with 24 sales over the two years to July 2026, followed by a second run from July through October. February and December are nearly silent, with five sales and one sale over the same two years, so buyers face less competition then, though there are usually fewer listings too. Most people buying a recreational property in the Columbia Valley take nine to twelve months from their first look to a purchase, and they see the area in more than one season first. Team Rice can send you new Fairmont houses as they are listed so you are ready when the right one comes up.
DK Rice, Personal Real Estate Corporation — 250-342-5935 — dk@rockieswest.com
RT Rice, Sales Representative — 250-270-5935 — rt@rockieswest.com
Team Rice, Royal LePage Rockies West Realty, Unit 2 – 450 Sarah Rd, Invermere, BC V0A 1K3
Figures are from Team Rice's analysis of MLS® sold records for Fairmont Hot Springs and Columbia Lake from July 2024 to July 2026, with fractional and quarter-share sales excluded. This page is general information, not legal, tax or mortgage advice. Figures and rules were current as of October 2026 and can change. Team Rice, Royal LePage Rockies West Realty.
