Median Residential House Price $437,900 up 2% from April 2017
Residential units May 2017 sold up 14% from April 2017
Average Days on the Market May 2017 33 days down 29% from April 2017
Most active areas in Kamloops were Aberdeen, Sahali and Brocklehurst
Most active price range
$320,000 – $359,900 46 sales
$360,000 – $399,900 34 sales
$400,000 – $439,900 35 sales
$600,000 plus 43 sales
February 2017 Activity
Kamloops only Median Residential Price: (does not include condominiums or mobiles) $397,500
Most active price range
$320,000 – 359,999 29 sales
$360,000 – 399,999 22 sales
$400,000 – 439,999 17 sales
Most active area
Aberdeen 21 sales
South Kamloops 18 sales
Sahali 17 sales
Brock 16 sales
Kamloops is continuing to counter province wide trends for real estate, at least for now.
Home sales in B.C., driven by the sagging Lower Mainland market, fell by 23 per cent from the same time last year. The Kamloops region, however, saw an increase in sales of five per cent compared to January last year.
Cameron Muir, chief economist for B.C. Real Estate Association, said some markets are going against the grain.
“Housing demand across the province returned to long-term average levels last month,” he said in a statement.
“However, regional variations persist, with Victoria posting above average performance and Vancouver falling below the average.”
At the same time, the average price on the multiple listing service (MLS) declined by 17.5 per cent. Kamloops and District Real Estate Association estimated the average sale price for a residential detached home within the city in January was $410,000, a number that is stable. Numbers do vary from month to month due to price range of homes sold but has stayed over $400,000 since last year .
Indulge in weekly fresh flowers. With Valentine’s Day this month, the markets will be filled with fresh flowers , not just red roses but tulips and daffodils. Treat your home to a bouquet of fresh-cut blooms once a week to add a little colour — spring may still be a little way off, but that doesn’t mean your coffee or dining table can’t look like a spring garden in bloom!
The number of homes sold through the MLS® System of the Kamloops and District Real Estate Association recorded an 11th consecutive double-digit increase in December 2016.
According to the Association’s statistics, home sales totaled 144 units in December 2016, up 28.6 per cent from December 2015. This was the best month of December since 2009.
On an annual basis home sales numbered 3,181 in 2016. This stood 23.6 per cent above 2015 and marked the first year to crack the 3,000 mark since 2007.
“Housing demand in the region remains historically strong,” “2016 was the best year for the local housing market in almost a decade. Better still, the handoff into 2017 looks even stronger, with higher sales compared to one year ago, and quite a bit less inventory. This should further support prices this year.”
The average price of homes sold in December 2016 was a record $367,591, rising 18.4 per cent from a year earlier. The annual average sale price was $345,528, up 5.9 per cent from 2015.
The dollar value of all home sales in December 2016 was $52.9 million, up 52.3 per cent on a year-over-year basis and a record for the month. This was also the first time volumes had surpassed $50 million in December.
There were 138 new listings on the Association’s MLS® System in December 2016, down 21.1 per cent on a year-over-year basis. This was the lowest December level in 15 years.
Active residential listings on the Association’s MLS® System numbered 1,031 units at the end of December, down 23.1 per cent from a year earlier.
There were 7.2 months of inventory at the end of December 2016, down from 12 months a year earlier and below the long-run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Sales of all property types numbered 162 units in December, an increase of 33.9 per cent from December 2015. The total value of all properties sold was $58.3 million, up 58.6 per cent from December 2015.
Comparing August 2016 to August 2015
Comparative Statistics for Kamloops (Residential Only)
| August
2016 |
August
2015 |
||
| Number of New Listings | 429 | 392 |
UP 9.44%
|
| Residential Units Sold | 362 | 264 | UP 37.12% |
| Avg. Days on Market | 53 | 60 | DOWN 11.6% |
| List to Sell Price Ratio | 98.18% | 97.22% |
UP 0.99%
|
| Median
Residential Price |
$419,00 | $378,000 |
UP 10.85%
|
| Total Monthly Sales $$ | $127,636,731 | $83,952,683 | UP 52.03% |
| Active Listings | 1708 | 2042 | DOWN 16.3% |
*The above information is from sources deemed reliable but it should not be relied upon without independent verification.
The city’s real-estate market continues on a roll as booming sales and declining inventories threaten to push prices higher.
The Kamloops & District Real Estate Association reported yesterday that 320 homes changed hands in the greater region, up 40 per cent from April 2015.
The number of units sold year-to-date is up by about 28 per cent.
The number of residential units on the market increased slightly from the month before. At about 1,800 units, however, it is 14 per cent lower than the same month last year.
The combination of rising sales and declining supply typically sees upward pressure on prices.
The median price of a single-family home in the city of Kamloops sold in April was $385,000.
If your buying or selling, I’m here to help
Elementary Schools
1. St Ann’s ranked highest at 9.4
2. Our Lady of Perpetual Help at 7.7
3. Lloyd George at 7.4
4. Juniper Ridge at 7.4
5. Aberdeen at 7.0
Secondary Schools
1. St Ann’s ranked highest at 7.8
2. Beattie School of the Arts at 6.0
3. South Kamloops at 5.9
4. Sahali at 5.5
5. Valleyview at 5.5
Kamloops Named 7th Top Growing City in Canada by U-Haul
Kamloops Named 7th Top Growing City in Canada by U-Haul
Canada’s Tournament Capital is also one of the top growing cities in the country, according to U-Haul.
The moving and storage company has been ranking Canada’s top growing cities, revealing them daily until March 4th.
Kamloops comes in at number seven on the list.
Why move here:
Sunniest City in Canada
Affordable cost of living
Lots of outdoor activities
Excellent transportation and highways in all directions
“Kamloops is a very beautiful, affordable place to live,” said Horace Martin, U-Haul Company of British Columbia President. “It has Riverside Park, a world-class ski resort, and the right mix of big city/small town feel. It’s billed as the Tournament Capital of Canada. There’s no shortage of activities in one of the sunniest cities of Canada.”
For this particular list, growth is determined by the number of incoming one-way U-Haul truck rentals versus outdoing rentals.
According to U-Haul, 53.2 per cent of truck rentals were coming into Kamloops rather than leaving.
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This email was sent by Linda Klein of Royal LePage Westwin Realty- Kamloops
800 SEYMOUR Kamloops, BC, V2C2H5 |
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| The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Kamloops Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. |
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