BC Real Estate Association (BCREA) has released it’s housing market update. Chief Economist Brendon Ogmundson discusses the August 2020 statistics.
In BC, sales were up 42% year over year. The number of active listings were also down across the province. These conditions have created a Sellers market for the most part in the province. There was significant upward pressure on prices in August with higer demand for single family detached homes. The average price of homes in BC was pushed higher due to the demand for higher valued properties which skewed the average price higher.
Kamloops saw 349 unit sales for the month of August which was a 19.9% year over year increase. The average price also came up 8.3% over last year with an average price of $456,662. At the end of August there were 1,040 active listings which is down 21.9% year over year which equates to 3 months worth of supply on the market.
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New Listing: 3688 Navatanee Dr, South Thompson Valley, Kamloops, BC, $624,900. Meticulously maintained Rivershore rancher backing on to the golf course. This level entry home features 2 bedrooms and a den on the main floor. There is hardwood and tile throughout the main living space. The kitchen features lots of storage and stone countertops. The living room and dining room space are open to one another and include a gas fireplace and vaulted ceiling. Walk out to the large covered patio that overlooks the yard and includes a natural gas BBQ hook up. The den is located off the living room and could be a 3rd bedroom. The master bedroom includes a 3 piece ensuite, there is an additional 4 piece main bathroom and laundry is located on the main floor. The basement level has a lot of living space with a large family room, bedroom, 4 piece bathroom, tons of storage and a cold room. The yard is fully fenced and irrigated with beautiful gardens and lots of privacy. Other features include a 2 car garage, nice sized driveway, golf cart included, central a/c and all appliances included. Don’t miss out on this lovely home! Click Here to view more photos of this home.To view all homes for sale in Kamloops click here.To view more about the neighborhood click here.
New Listing: 927 Garymede Court, Aberdeen, Kamloops, BC $599,000. Aberdeen home located in a desirable cul-de-sac.
This four level split home has so many great features to offer with an upgraded kitchen, appliances, some windows, paint and some flooring. The entry leads to a large living and dining room space. The kitchen is open to the nook and a few steps down to a large family room. The family room walks out to a covered deck and large yard for the kids to play. There is a bathroom on the main floor and laundry with access to the 2 car garage.
The top level features 3 bedrooms including the master suite with ensuite and additional bathroom. There is a basement level including an additional bedroom and family room with wet bar plus tons of storage. This home is a great family home located close to schools, transportation and minutes to local amenities.