Vancouver, BC – August 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,930 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, an increase of 12.4 per cent from the same month last year. The average MLS® residential price in the province was $684,497, a decline of 1.6 per cent from July 2018. Total sales dollar volume was $5.43 billion, a 10.5 per cent increase from the same month last year.
“BC home sales climbed higher for the first time in 18 months on a year-over-year basis in July,” said BCREA Chief Economist Cameron Muir. Housing demand has also trended higher since March, rising 21 per cent on a seasonally adjusted basis. “Households appear to be adjusting to the tighter credit environment as the shock of the B20 stress test dissipates.”
MLS® residential active listings in the province trended lower in July, down 3 per cent from June and 6 per cent from April on a seasonally adjusted basis. Active listings were up 12.4 per cent to 41,621 units on a year-over year basis, while overall market conditions remained unchanged from 12 months ago with the sales-to-active listings ratio at 19.1 per cent.
Year-to-date, BC residential sales dollar volume was down 18.9 per cent to $30 billion, compared with the same period in 2018. Residential unit sales decreased 14.4 per cent to 43,612 units, while the average MLS® residential price was down 5.3 per cent to $687,413.
New Listing: 5311 Bogetti Place, Dallas, Kamloops, BC $459,900. One level living at it’s best! This home has had a number of updates including kitchen, hardwood flooring, bathrooms, and paint.
It’s located in a nice cul-de-sac in Dallas walking distance to shopping and amenities. A nice large foyer with valued ceilings. There are two large bedrooms, a bright living room with lots of windows and gas fireplace, kitchen with dining space, laundry room and a large family room.
There is access to the back patio off of the dining room and includes a beautiful, fully fenced yard. Other features include central a/c, a large single garage, RV parking and tons of extra parking. This home is located on a crawl space.
New Listing: 2063 High Country Boulevard, Valleyview, Kamloops, BC $748,800. Lovely home with open layout, beautiful views minutes to the city centre, hospital, university, amenities and recreation. This home feels like you live in the country with lots of space between neighbours, open fields and tons of privacy.
There is a lot of living space for the whole family in this two storey home. There is a large entry way that leads to both the kitchen and grand living room with two storey high vaulted ceilings and tons of windows. The kitchen opens to the family room with an adjoining dining room space which could also be an office. There is also a 2 piece powder room on the main floor. The second level features 4 large bedrooms including a huge master suite with 5 piece ensuite, walk in closet and its own deck. Two of the additional bedrooms include their own patio with views to Kamloops Lake.
The laundry room is located on the 2nd level. The basement level features an inlaw suite with separate entry. There is an additional bedroom, family room and den in the basement. There are 2 bathrooms in the basement, a 4 piece for the suite and 3 piece additional bathroom. This walk out basement leads to the large fenced back yard that also has access to High Country Blvd below. There might be potential for a shop or pool on the property. This home has so much to offer with a 2 car garage, room for the whole family and so much potential to put your own personal touches!