Balfour, British Columbia, Canada
As of August 12, 2026, the median asking price in Balfour is $410,000, across 14 active MLS® listings.
Those listings have been on the market an average of 153 days.
1 new listing came to market in Balfour in the last 30 days.
Asking prices work out to about $498 per square foot, based on the 6 listings that report floor area.
Vacant land in Balfour are listed at an average of $184,320 across 5 active listings.
Balfour is a small lakeside community on the west arm of Kootenay Lake, anchored by the Balfour Ferry Terminal and a mix of full-time residents and recreational/seasonal owners. The neighbourhood has a quiet, rural character with larger lots, forested surroundings, and strong access to outdoor amenities (boating, beaches, hiking and cycling routes) while remaining within a reasonable drive of Nelson for employment, shopping, healthcare, and dining. Demographics skew toward families seeking space, trades/remote workers, and retirees drawn to the lake lifestyle, with noticeable seasonal population swings in summer.
Amenities are limited within Balfour itself (local services clustered around the ferry terminal and highway), so most errands are typically done in Nelson. Families rely on school options in the broader Nelson area and nearby communities, with school commuting by car being common. Transit is limited and vehicle dependence is high; the ferry provides important connectivity to the East Shore (Kootenay Bay) and supports tourism traffic. Real estate is dominated by detached homes, cabins, and lakeview properties; demand is driven by lifestyle buyers and second-home purchasers, which can create price volatility. Rental demand is strongest for furnished/short-term or mid-term rentals tied to tourism and seasonal workers, while long-term rental supply is relatively thin; overall yields tend to be moderate given higher purchase prices for view/lake-adjacent homes and variable vacancy seasonality.
Balfour’s market currently has 29 active for-sale listings with a median asking price of $567,000 and an average of $677 per square foot, suggesting pricing remains relatively firm despite the smaller inventory base. Homes are taking an average of 135 days on market and only 2 new listings have come on in the past 30 days, pointing to slower turnover and limited fresh supply—conditions that can favor patient buyers while investors may want to underwrite longer hold and marketing timelines.
The median asking price in Balfour is $410,000, across 14 active MLS® listings as of August 12, 2026. The average asking price is $539,821. These are list prices on homes currently for sale, not sale prices.
There are 14 active MLS® listings in Balfour as of August 12, 2026. 1 of them came to market in the last 30 days.
Homes currently listed in Balfour have been on the market an average of 153 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 14 homes currently listed in Balfour, 36% vacant land, 29% detached houses.