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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 .

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February is a perfect time of year to indulge in home comforts like cooking big-batch meals, reading in the afternoon and playing a board game or watching a movie with the kids in the evening. If you are considering putting your home on the market this year, it’s a good idea to start the process now. Set a timetable, make a list of home projects that need to get done to help your home show well. I’m here to help, call me if you have any questions  and let’s get your house Sold

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 11^th 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.

April was another record-breaking month for home sales in British Columbia. There were 12,969 sales through the MLS of BCREA last month, beating March’s 12,560; and up 30.3 per cent from April 2015.

“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA Chief Economist. “Consumers appear to be particularly active in the Vancouver Island, the Fraser Valley and the Thompson/Okanagan regions.”

The average MLS price was up 17.2 per cent year-over-year to $743,640 and the total value of all home sales surged 52.7 per cent to $9.64 billion.

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.

Comparing March 2016 to February 2016

Comparative Statistics for Kamloops (Residential Only)

*The above information is from sources deemed reliable but it should not be relied upon without independent verification.

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