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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

January: Kitchen and pantry. Give yourself a fresh start for the new year with a clean kitchen, decluttered cabinets and a healthy pantry and fridge.

• Toss worn dish towels or cut them up to make rags
• Sell or give away specialty small appliances and tools you seldom or never use
• Recycle or toss freebie cups and Tupperware containers without lids
• Toss expired food and spices
• Take stock of cookware and dishes; give away or sell pieces you do not need

Habit to cultivate: Clean out the pantry and fridge each week before shopping.

Comparing August 2016 to August 2015

Comparative Statistics for Kamloops (Residential Only)

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

Say goodbye to summer by adding a few cozy fall touches around your house.

Time to put away the sea shells and nautical themes and bring out the golds, oranges and rusts.

There are so many fun ways to welcome fall into your home and add a splash of color to your front door. It doesn’t take much to make a statement, have fun with the new season.

Enjoy the crisp days, warm sweaters , raking leaves and putting the gardens to bed.

New data this week confirms that residential real estate continues to boom in British Columbia.

The BC Real Estate Association’s second quarter housing forecast calls for a record 115,200 units to be sold in 2016 through the MLS, that’s up 12.3 per cent year-over-year to break the previous record set in 2005 (105,600).

Prices are set to surge again, up 20.4 per cent to an average MLS price of $766,600. The outlook for 2017 is for a more modest 3.4 per cent increase.

“Record housing demand has depleted inventories in many urban areas, and the resulting imbalance between supply and demand has pushed home prices considerably higher,” commented Cameron Muir, BCREA Chief Economist.

Inventory will be helped by increased construction with BCREA predicting a 20 per cent rise in new housing starts this year.

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.

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.