Author: Kirsten Mason

BCREA Housing Market Update for December 2019

B.C. Real Estate News, Kamloops Real Estate Statistics

The BC Real Estate Association (BCREA) released the latest housing market update for December 2019 which discusses the November 2019 statistics.

For Kamloops the housing market in November we saw a 4.3% decrease in the number of sales year over year. Kamloops did however see an average price increase of 7.7% resulting in an average price of $436,656. At the end of November there were 996 active listings in the Kamloops district which is an increase of 3% over last year. This translates to 4.9 months worth of supply of homes on the market. The Kamloops housing market is ultimately still doing well in comparison to other comparable market areas.

Click here to visit to BCREA’s website. To view the November 2019 market update click here.

Home Sales Firming Across the Province, BCREA

B.C. Real Estate News, Kamloops Real Estate Statistics

Vancouver, BC – December 12, 2019.  The British Columbia Real Estate Association (BCREA) reports that a total of 6,616 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, an increase of 27.5 per cent from the same month last year. The average MLS® residential price in the province was $746,939, an increase of 5.5 per cent from November 2018. Total sales dollar volume was $4.94 billion, a 34.4 per cent increase from the same month last year. 

MLS residential sales BC December 2019 Market update Home Sales Firming Across the Province

“After several months of strong gains, home sales are now firming around
long-run averages,” said BCREA Chief Economist Brendon Ogmundson. “We
expect 2020 will be a much more typical year for markets compared to the
volatility of recent years.”

MLS® residential active listings in the province were down 6.6 per cent from November 2018 to 31,310 units, and down for a seventh straight month on a seasonally adjusted basis. Overall market conditions remain balanced with a sales-to-active listings ratio of 21 per cent.

Year-to-date, BC residential sales dollar volume was down 6 per cent to $50.23 billion, compared with the same period in 2018. Residential unit sales were 3.9 per cent lower at 72,106 units, while the average MLS® residential price was down 2.2 per cent year-to date at $696,574.

New Listing: 57-5015 Valley Drive, Sun Peaks, Kamloops, BC $489,000

Sun Peaks

New Listing: 57-5015 Valley Drive, Sun Peaks, Kamloops, BC

New Listing: 57-5015 Valley Drive, Sun Peaks, Kamloops, BC $489,000. Beautiful 1 bedroom Condo and den (den is large enough for a bedroom) Sun Peaks unit in desirable Settler’s Crossing.

This unit has high end finishings with stone countertops in the kitchen and bathroom. The home features ‘smart home’ thermostats where you can control the unit from afar.  There is a nice sized entry way with ski storage. The unit features an open floor plan with propane fireplace. The kitchen has stainless steel appliances and lots of cupboard space for all your extras.

The master bedroom has direct access to the main bathroom which is a 4 piece bathroom. The den space has nice windows for natural light. There is a good sized patio off of the living room to take in the hillside views. This unit comes fully furnished and includes one parking stall plus a storage locker. The parking stall features a EV car charger (negotiable). Perfect for the ever changing technology. This home will not disappoint. Rentals and pets allowed.

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: 3744 Navatanee Drive, South Thompson Valley, Kamloops, BC $599,900

South Thompson Valley

3744 Navatanee - SOLD

New Listing: 3744 Navatanee Drive, South Thompson Valley, Kamloops, BC $599,900. Fabulous one level living close to the City but nestled in private setting at Rivershore Estates.  This fully finished home offers over 3,800 sqft with 2 bedrooms up and 2 down.  Open concept kitchen and dining room integrate outdoor entertaining with large covered deck. There’s a natural gas BBQ and backs onto the fourth Tee Box.

Vaulted ceilings in south facing living room has tons of natural light and a gas fireplace for those cooler evenings.  New engineered hardwood throughout and fresh paint makes this home totally ‘move in ready’.  King-sized master bedroom boasts spa-like 5-piece ensuite and full walk-in closet.  Second bedroom or excellent Home Office, 4-piece bath, laundry and garage entry completes the main floor.

Lower level offers 2 additional bedrooms, cozy family room with wet bar, large wine cellar or hobby room, access to garage and loads of storage.  Oversized 2-vehicle garage with 12′ door and side garage entrance for golf cart, ATV or side by side.  Clay tile roof, 200-amp service, underground sprinklers, central air conditioning and central vacuum.  24-hours notice appreciated and quick possession possible.  Bareland Strata Fee $202.00/month.

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.

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