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The Latest Kamloops Real Estate News


Market Momentum Continues into the Fall

Vancouver, BC - October 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,938 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 24 per cent from the same month last year. The average MLS® residential price in the province was $697,943, an increase of 2.1 per cent from September 2018. Total sales dollar volume was $4.84 billion, a 26.5 per cent increase from the same month last year. 

chart

"Markets across BC built on momentum from the summer," said BCREA Chief Economist Brendon Ogmundson. "While the year-over-year increase in provincial sales was quite strong, home sales in most areas are simply returning to historically average levels."

MLS® residential active listings in the province were up 4 per cent from September 2018 to 39,117 units and were essentially flat compared to August on a seasonally adjusted basis. Overall market conditions remained in a balanced range with a sales-to-active listings ratio of about 18 per cent. 

Year-to-date, BC residential sales dollar volume was down 12.4 per cent to $39.7 billion, compared with the same period in 2018. Residential unit sales were 8.9 per cent lower at 57,773 units, while the average MLS® residential price was down 3.9 per cent year-to-date at $687,530.   

Price
1 257 listings
501k
AVG
9
MIN
18m
MAX
Days on Market
1 257 listings
132
AVG
2
MIN
3 years
MAX
Area
$314 per sqft.
2k
AVG
0
MIN
42k
MAX


Vancouver, BC - September 5, 2019. The British Columbia Real Estate Association (BCREA) released its 2019 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 5 per cent to about 75,000 units this year, after recording 78,505 residential sales in 2018. MLS® residential sales are forecast to increase 11 per cent to 82,700 units in 2020, just below the 10-year average for MLS® residential sales of 85,800 units.

"BC markets are showing signs of recovery after nearly a year and a half of policy-induced declines," said Brendon Ogmundson, BCREA Deputy Chief Economist. "We expect that recovery to continue into next year, with home sales normalizing around long-term averages."

A recovery in home sales has slowed the accumulation of resale inventory, with active listings still well short of the previous peak in 2012. That leaves market conditions at the provincial level essentially balanced with little upward pressure on prices. We anticipate that the MLS® average price will decline 2.4 per cent in 2019 before rising modestly by 3 per cent to $718,000 in 2020.

Price
1 257 listings
501k
AVG
9
MIN
18m
MAX
Days on Market
1 257 listings
132
AVG
2
MIN
3 years
MAX
Area
$314 per sqft.
2k
AVG
0
MIN
42k
MAX

Markets at a Glance: August 2019

These charts provide year-to-date information on the pace of MLS® home sales for the province as well as in each of the BCREA member board regions and a comparison of current year sales with the previous year.



Price
1 257 listings
501k
AVG
9
MIN
18m
MAX
Days on Market
1 257 listings
132
AVG
2
MIN
3 years
MAX
Area
$314 per sqft.
2k
AVG
0
MIN
42k
MAX

Housing Market Update Webcast September 2019

Watch BCREA Deputy Chief Economist Brendon Ogmundson discusses the August 2019 statistics.


845 REGENT CRES., KAMLOOPS BC

5 BEDROOM 3 FULL BATH FAMILY HOME IN A GREAT ABERDEEN NEIGHBORHOOD



680 DUNCAN AVENUE, KAMLOOPS BC

3 BEDROOM 2 BATH FAMILY HOME, SITUATED ON FLAT, PRIVATE LOT - ASKING PRICE: $425,000




JUST LISTED: 381 TUXFORD DRIVE, SAHALI, $610,000

-SOLD Within 4 Days in the Market-

UPDATED 4 BEDROOM/3 FULL BATHROOM RANCHER WITH FULLY FINISHED BASEMENT IN PRIME LOCATION



Video Webcasts / Housing Market Update

Housing Market Update (November 2018)


NEW LISTING: 6 WHITESHIELD CRES.S./SAHALI/$534,900

-SOLD-

OPEN HOUSE: OCTOBER 13TH/SATURDAY/1:30 - 3 P.M



NEW LISTING-39-255 PEMBERTON TERR, SAHALI/$475,000

LOCATION IS UNBEATABLE! MINUTES WALK TO ALL AMENITIES!



NEW Price - 1320 SUNSHINE CRT., Dufferin / $585,000

Stunning, move-in ready 4 bedroom and 3 full bath Dufferin home in a sought-after neighborhood close to all amenities. Upper level has an open plan with vaulted ceilings, featuring completely upgraded gorgeous kitchen with new plumbing fixtures & sink, SS appliances, quartz countertop, maple excel cabinets & back splash. Spacious living room with brand new maple HW flooring, new fireplace mantle and tiles, & wood/iron bannister, 2-inch wood custom blinds. Off dining room, door leads out to outdoor living space with patio & slate patio, offering plenty of privacy. King size master suite with walk-in closet and 4 piece ensuite with upgraded double sinks and counter, faucet, & 5’ shower base for stand shower. Upgraded main bath with double sink vanity travertine top. Lower level is fully finished with ideal space for in-laws, featuring with newer kitchen cabinets & island and appliances, counters and back splash. 8 new light fixtures and fresh, modern paint throughout. Features Central air conditioning/heat pump, central vacuum, underground sprinklers, double garage. Newer sierra stone in the front porch. Level driveway with extra room for RV parking. $ 65,000 value of upgrades done for the last 2 years. The basement suite was previously rented for $1,200. All measurements are approximate & should be verified if important.



NEW Price - 4-726 DUNROBIN DR., ABERDEEN /$325,000

SOLD

OPEN HOUSE: OCTOBER 13/SATURDAY/ 11:30 A.M - 1:00 P.M

3 Bedroom 3 bath level entry Aberdeen townhouse with city, river & valley views. Well-kept one owner home. Great open floor plan and lots of natural light throughout. The main level is sporting foyer, leading to the bright, cheery living room, dining room & kitchen with solid oak cabinets. Master suite with a 4pc master ensuite on the view side of home to take in city views. 2-piece powder room and off living room there is a great-sized patio with spectacular views, perfect for entertaining. Lower level highlighted with daylight walk-out basement and 2 bedrooms, a massive family room, utility/laundry room with good storage space, & a 4pc bathroom. Enjoy privacy on the patio off basement. Strata fee of $225/month. No rentals allowed (a roommate is ok) & one small pet allowed. One garage with a natural gas heater & an additional assigned parking spot (#4). Natural gas BBQ hookup. All measurements are approximate and to be verified by Buyer.

blog entry: October 9th, 2018 by Sarah



Just Listed -99 THOR DRIVE, SAHALI / $524,500

SOLD for $525,000

Location is unbeatable! 4 Bedroom, 3 full bath Sahali home in a sought after neighborhood. Close to all amenities including shopping, schools, TRU, transportation, & Royal Inland Hospital. Upper level highlighted with hardwood and gorgeous tile flooring throughout. Oak kitchen with tiled floor, pot lights, and ceiling height cabinets. It has level access off eating nook to covered patio with tiled floor and southern exposure. There's access off the dining room/living room & master bedroom to the front deck with views. Extensive retaining wall recovers a sizeable, low maintenance, easy care level backyard. Lounging in great outdoor living space will transport you to serene world. Patio door in 3rd bedroom makes a great family/TV room on the main with yard access. 3-piece ensuite with heated floor. 4th bedroom is currently used as office. Lower level features great-sized Rec room, laundry space with double basins, 3-piece bath. Rare opportunity to find ample parking accommodating up to 5 cars besides a double car garage. Underground sprinklers. Central A/C. HW tank (2016. Roof (2007). All measurements are approximate and to be verified by Buyer.

blog entry: August 31, 2018 by Sarah



Housing Market Adjusts to Mortgage Stress Test

Housing Market Adjusts to Mortgage Stress Test: BCREA 2019 First Quarter Housing Forecast Update Vancouver, BC – February 25, 2019. The British Columbia Real Estate Association (BCREA) released its 2019 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 2 per cent to 80,000 units […]

Housing Market Update: 2019 January

Housing Market Update: 2019 January

BC Home Sales Decline 25% in 2018

BC Home Sales Decline 25% in 2018 Vancouver, BC – January 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 78,345 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2018, a decline of 24.5 per cent from the 103,758 units sold in 2017. The annual average […]

BC Home Sales Continue at Slower Pace

BC Home Sales Continue at Slower Pace Vancouver, BC – December 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,179 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in November, down 33.1 per cent from the same month last year. The average MLS® […]

Updated 4 Bedroom/3 Full Bathroom Sahali Rancher with Fully Finished basement

NEW LISTING-OFFERING AT $610,000 / 381 TUXFORD DRIVE, SAHALI, KAMLOOPS This updated 4 bedroom/3 full bathroom Sahali rancher with fully finished basement has everything that you’re looking for-prime location, privacy, & loads of upgrades. Location is unbeatable!!! Close to schools and all amenities. Backs onto the Albert McGowan Park, close to walk way to water […]

BC Home Sales Continue at Slower Pace in September

BC Home Sales Continue at Slower Pace in September Vancouver, BC – October 11, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in September, a 33.2 per cent decrease from the same month last year. […]

Kamloops This Week Open House

OCTOBER 20th KAMLOOPS OPEN HOUSE: 4-726 DUNROBIN DRIVE/ ABERDEEN/ 11:30 ~1:00 p.m /3 Bedroom 3 Bath Townhouse with Stunning View & Great Layout / $325,000 3 Bedroom 3 bath level entry Aberdeen townhouse with city, river & valley views. Well-kept one owner home. Great open floor plan and lots of natural light throughout. The main […]

Kamloops This Week Open House

SEPTEMBER 15TH OPEN HOUSE: 1320 SUNSHINE COURT/DUFFERIN/ 11:30 am~ 1:00 p.m /4 Bedroom/3 Full Bath Stunning Family Home / $594,900 Stunning, move-in ready 4 bedroom and 3 full bath Dufferin home in a sought-after neighborhood close to all amenities. Upper level has an open plan with vaulted ceilings, featuring completely upgraded gorgeous kitchen with new […]

Housing Market Reacts to Mortgage Stress Test – BCREA 2018 Third Quarter Housing Forecast Update

Housing Market Reacts to Mortgage Stress Test BCREA 2018 Third Quarter Housing Forecast Update Vancouver, BC – August 20, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to 82,000 units […]