Kamloops Real Estate Info

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Kamloops Real Estate: New Residential Housing Developments

December 10, 2009 in Kamloops Real Estate Info by Kirsten Mason | No comments

New Development Residential Kamloops Here is a list of all the areas of Kamloops that have new residential housing developments. These developments consist of multi-family condominums, townhouses, duplex units, bare land strata developments and single family homes. To view all home listings and properties for sale in Kamloops click here.

Aberdeen

The West Highland development is located at the intersection of Aberdeen Drive and Pacific Way. This development will feature a variety of dwellings including single family and multi-family homes. Phase one is scheduled to complete shortly and the developer has begun lot pre-sales. Phase one of the development will include 34 single-family lots, two multi-family sites and a mixed-use commercial-residential site. 90 to 110 units could be built in the first phase.

For more info about the Aberdeen neighbourhood click here.

Batchelor Heights

Saddleback Hills is located north of Batchelor Drive. Stagecoach Drive and Saddleback Drive are two streets in Batchelor where this particular development will be found. There are a variety of homes for sale such as single family detached homes, bare land strata detached homes and duplex style bare land strata homes.

Ridge View Heights is located on Grasslands Boulevard on the south west side of Batchelor Heights. This is a townhouse development and the units range in size from just over 1,000 square feet with unfinished basement space, to over 2,000 square feet on three floors. Many units have bright walk-out basements with three to four bathrooms per unit.

Quails Roost Court is located off of Quail Drive in Batchelor Heights. This is one of the newest developments in Batchelor. The homes are perched on top of a hill and boast beautiful views of the river and valley below.

For more info about Batchelor Heights Click here.

Brocklehurst

The Briarwood Ave, Crestline St, Moray St, Rosewood Ave & Stanko Way development is located west of Crestline Street in Brock. This area is mainly single family detached homes on lots that are a minimum of 5,000 square feet. The homes built in this area are predominantly basement entry style homes with two car garages and open floor plans.

Sandstone Court is located on Tranquille Drive between Holt Street and Desmond Street. These townhouses are built green with geothermal heating and cooling, low-e windows and five energy star appliances. The units have an open floor plan with over 1,200 square feet of living space in either a two bedroom or three bedroom design. Each unit has an enclosed single car garage.

Sunset Ridge is a development off of Ord Road set against the northern hills in Brock. This is a leasehold development with low bare land strata fees. There is the option to pay out the lease to transfer the property to a freehold interest. These homes are built green with low-e windows, 30 year roof and high efficiency furnace.

For more info about Brock click here.

Campbell Creek

Campbell Creek Village is located close to the Wildlife Park 20 minutes from the Downtown core. There are a number of building lots on Dallas Drive, Badger Drive and Badger Place available for purchase including cul-de-sac lots. Hiking trails surround this beautiful area of Kamloops.

Dufferin & Southgate

Landmark One is conveniently located across the street from the Thompsons Rivers University on McGill Street near Summit Drive in Southgate. The first phase will be a four storey, 32,800 square foot building development. This development will also include about 9,000 sqare feet of retail space.

For more info about Southgate click here.

Juniper Heights

The Juniper Benchlands area is located at the eastern portion of Juniper Heights. Many homes have breathtaking views that stretch as far as Kamloops Lake. There are a number of new homes built in this area as well as lots ready for development. This area is predominantly a single family detached development with larger homes typically over 2,500 square feet in size. The newest streets in this area are Similkameen Place, Birkenhead Drive and Place, Cheakamus Drive and Place and Kicking Horse Drive.

Juniper West is located to the west of Highland Drive. Juniper West sits on the western portion of Juniper Heights and boasts beautiful views of the valley below. The newest stretch of Juniper West is along Coldwater Drive that was recently extended westward towards Rose Hill. There are also building lots on Galore Crescent. Many new, pre-existing homes that have been built over the past couple years are located on Stikine Street and Kechika Drive and Kechika Court. New, two storey duplexes are located on Highland Court. These homes are situated near the new commercial area of Juniper.

For more info about Juniper Ridge click here.

North Kamloops

Golden Vista Suites is a Seniors orientated development in North Kamloops. There are 46 freehold strata units in this development. There is a choice of studio and one bedroom apartment style living and there is also a common room and patio for socializing. There is a bonus of 55% reduction in property taxes for 10 years from the City of Kamloops.

Library Square consists of 145 strata condominium apartment residences above the new North Kamloops Library and commcercial complex. This new development is conveniently located between the North Hills Shopping Centre and Cottonwoods community centre. Each unit has 9 foot ceilings, a spacious maple kitchen, in-suite laundry, storage locker and a large balcony.

For more info about North Kamloops click here.

Pineview Valley

Primrose Crescent: The final phase of building lots are available for development in Pineview. These lots are zoned for single family homes and are locted on the south-western side of Pineview and have views over Dufferin and Pineview. Pineview is close to hiking trails, parks, transportation and shopping.

For more info about Pineview click here.

Sahali

Mesa Estates at Sedona Pines development is on Azure Place, located in Upper Sahali. Homes here have stunning northern views of the mountains and valley below. This is a bare land strata development and consists of single family homes. There are lots for sale as well as single family homes in various stages of construction.

Monarch Drive development is located between Springhill Drive and McKinnley Court. This new development consists of primarily single family homes. There are a number of lots ready for development. Few homes have been built in this development, but construction should begin soon.

Summit Pointe is a new condominium development on the corner of Springhill Drive and Summit Drive. The units in this development feature geothermal heating and cooling, excel custom kitchens, granite countertops, six appliances and a common fitness facility. The units have beautiful northern views. There is also secure, underground parking.

For more info about Sahali click here.

South Kamloops

Guerin Creek is a new high end development in South Kamloops just off of Summit Drive. Many of the homes have high end finishing and appliances. Current homes in Guerin Creek are two level designs with a basement. The lot sizes do vary. Many of these homes have amazing views of the Thompson River Valley looking north.

The Mosaic is located in the heart of South Kamloops. These units are built with high end materials such as hard wood floors, heated tile and custom kitchens. Features on demand hot water and stainless steel appliances. There is also secure underground parking and private entrances.

Arbutus Estates Villas have unobstructed views of the South Thompson River. Each unit features high end finishing such as hardwood flooring, granite counters and ceramic tile. There is a double garage and a security system. Each unit has over 1,200 square feet on the main floor with the same square footage in the basement.

The Mission Hill development is located on the south side of the Thompson river overlooking Victoria Street West and is west of the Overlander bridge. There is a choice of one, two and three bedroom units with a gourmet kitchen and a large balcony perfect for entertaining. The resort-inspired amenity centre will include an outdoor pool, hot tub, cabana and fireplace. The development will feature walking paths, gathering spaces and lighting features. This development is located within walking distance of the Thompsons Rivers University and very close to theKamloops downtown core.

For more info about South Kamloops click here.

Sun Rivers

Ironwood which is now selling (Phase I was sold out and they are currently selling Phase II), is bordered by natural areas on the west side of the development and Stoneridge Adult community on the east. Many of the homes sit on 6,500 to 12,000 square foot lots and are built in an “Old World” architectural style like an English country neighbourhood.

Talasa: There are three stages of the Talasa residential condominiums. Each building consists of four storeys. The units have stainless steel appliances, granite countertops, walnut and charcoal themed flooring and luxurious contemporary accents throughout. Talasa units have geothermic heating and cooling systems and use sustainable materials and eco-sensitive initiatives. The Talasa development includes a shopping and restaurant development, exercise facilities and a residents club.

For more info about Sun Rivers click here.

Valleyview

Courtland Park is located in the Orchards walk development on Valleyview Drive. These units are built green. The units have 3 bedrooms, 2.5 bathrooms, 9 foot ceilings and two car tandem garages. There are no age restrictions, pets and rentals are allowed in this development.

Orchards Walk is a bare land strata development located on Valleyview Drive. Orchards Walk consists of a number of single family homes that have small private yards. Homes range in size from two bedroom, two bathroom homes to much larger. The bare land strata fees for this development are currently $117 per month.

For more info about Valleyview click here.

Westsyde

Beachmount Estates located on Bank Road is a new single family development bordering the North Thompson River. Currently the site of “The Mansion” Beachmount Estates offers 34 building lots in phase 1 that are available for purchase. This new development is located in the heart of Westsyde and is close to schools, transit and shopping.

Copperwood Estates is a new development located on Westsyde Road. This bare land strata development consists of rancher style duplex homes and two storey duplexes. The ranchers have unfinished basements and over 1,000 square feet on the main floor and the two storey designs have over 1,500 square feet on two floors and no basement. Each home will have a single car garage.

For more info about Westsyde click here.

To view all homes and properties for sale in the Kamloops area click here.

B.C. Real Estate Association’s Fall 2009 Housing Forecast For The Kamloops Real Estate Market

November 24, 2009 in B.C. Real Estate News, Kamloops Real Estate Info by Kirsten Mason | No comments

The B.C. Real Estate Association recently released their 2009 Fall Housing Forecast. I have included the info specific to Kamloops below. You can also view the full PDF at the bottom of the page.

The Kamloops housing market is exhibiting balanced conditions and stable home prices, with buyers and sellers on equal footing. MLS® residential sales in Kamloops are estimated to decline 2 per cent this year to 2,200 units. However, an increasingly diversified local economy has lessened the impact of the recession and will contribute to a double digit rebound in home sales next year.

While an increase in home sales to end users has been evident of the past several months, recreation buyers have yet to come back into the market in significant force. Recreation buyers typically lag improved market conditions and are expected to increase their buying activity in 2010. MLS® residential sales are forecast to rise 18 per cent to 2,600 units in 2010. From a historical perspective, homes sales in 2010 will post a similar level to that recorded in the 2003-2004 period. Despite the financial crisis and a global recession, the average MLS® residential price in Kamloops is estimated to be down 2 per cent on an annual basis from a record $307,369 in 2008.

In contrast to the last 18 months, home prices in Kamloops are expected to be relatively stable in 2010, albeit forecast to climb 2 per cent to $308,000 as an annual average. Larger price appreciation in 2010 is less likely as improvement in the economy will be offset by expected increases in mortgage interest rates during the latter half of the year.

After declining 24 per cent in 2008, housing starts in the Kamloops CA are estimated to fall an additional 28 per cent to 415 units this year. A slowdown in the expansion of the housing stock helps support home prices in both the new and resale housing markets. However, lower inventory levels and stronger consumer demand is expected to induce increased new construction activity in 2010. A total of 545 housing starts are forecast for the Kamloops CA next year, with the largest increase occurring in single detached construction.

To view the full report click here: BCREA Fall 2009 Housing Forecast

Kamloops New Development: Phase One Of The West Highland Community in the Aberdeen Highlands Has Begun Construction

August 15, 2009 in Kamloops Real Estate Info, Kamloops Real Estate News by Kirsten Mason | No comments

This article appeared in the Kamloops This Week “New Home Buyers Guide” on Friday, August 14, 2009.

DAVE EAGLES PHOTO: Kamloops This Week

Building a community from scratch is a lot harder than it looks – it’s what the group behind a massive development in Aberdeen is in the process of finding out. The Aberdeen Highlands Development Corporation has started construction on the first phase of it’s West Highland community and the land developer has a real life Sim City on it’s hands.

Chris Bebek, general manager for Aberdeen Highlands, explained the company has built other subdivisions, but she compared this project to starting a whole community. “You’re having to think about a lot more things than we’ve had to in the past,” she told KTW.

The to-do list before the area can be sub-divided and sold to developers is lengthy. A roundabout at Aberdeen Drive and Pacific Way is now being built will be built this summer along with all the services to the individual lots – that includes sanitary, storm and water works.

Streetlights will also be installed and Aberdeen Drive will be given a multi-use pathway that will act as a walking trail and bike path. ” There’s a lot of things that are on the go right now to get us prepared to start that pre-marketing for when it’s completed in the fall,” Bebek said. She pegged the completion date of the first phase for September or October.

In the meantime, Highland Development is updating it’s website and getting ready for pre-sales.

The first phase of the development will include 34 single-family lots, two multi family sited, a new fire hall and a mixed-use commercial-residential site. It is expected that 90 to 110 units could be built in the first phase, housing several hundred people.

While the economy and the real estate market have taken a pounding in the last year, Bebek noted Aberdeen Highlands has received plenty of interest and compiled a list of perspective developers in Kamloops.

City council gave the massive development the go-ahead last winter. The Aberdeen Highlands area, located near the top of Pacific Way and the Aberdeen Hills Golf Course, spans roughly 150 acres. Once completely built out, the development is expected to consist of nearly 1,000 new homes, along with some areas of commercial and park space.

Click here to view current properties for sale in Kamloops.

B.C. Real Estate Association’s Housing Forecast for 2009 to 2010

June 9, 2009 in B.C. Real Estate News, Kamloops Real Estate Info by Kirsten Mason | 2 comments

The B.C. Real Estate Association released their Spring 2009 housing report recently. I have included the Kamloops specific information below from this report. Click here for the full report from BCREA.

Homes sales in Kamloops are beginning to rebound from the lows experience during the fall and winter months. While the weaker provincial economy will continue to impact housing demand, sales activity is expected to improve through the balance of the year. A sizable increase in affordability is beginning to increase first-time buyer activity in the marketplace. The combination of lower home prices and historically low mortgage interest rates has made homes more affordable than at any time in the last two years. At the beginning of April, the carrying cost on the average priced home was 24 per cent less than a year ago. An increase in first-time buyers lubricates the chain of ownership by allowing move-up buyers to more easily sell their current homes and complete their new purchase.

While home sales are expected to improve in the coming months, low sales levels in the first quarter will pull down the annual total. MLS® residential sales in Kamloops are forecast to decline a further 17 per cent to 1,860 units this year. A moderate improvement is expected in 2010, with MLS® residential sales expected to climb 8 per cent to 2,000 units.

Recent data suggests market conditions in Kamloops are improving. Active listings are trending lower with home sales edging higher. The large imbalance between supply and demand that was evident early in the year is beginning to wane. A continuation of this trend will likely cause home prices to stabilize in the next quarter. The average annual MLS® residential price is forecast to be 9 per cent lower this year. However, most of this decline has already occurred and more price stability is expected for the balance of the year.

Housing starts in the Kamloops CA will follow the provincewide pull-back this year. Housing starts are forecast to decline 45 per cent to 320 units in 2009 and then increase 14 per cent to 365 in 2010. Slowing growth in the housing stock will help stabilize home prices by reducing the total number of homes available for purchase in Kamloops.

BCREA website.

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