Kamloops District Real Estate Associations Statistics For June 2020 and Quarter Two

The Kamloops District Real Estate Association has released the latest Statistics for June 2020 and Quarter Two. Click on the image below to enlarge or PDF documents included in the links below.

MLS Activity - July 2020 Kamloops Real Estate Statistics

PDF: MLS Anaylsis – June 2020

Compartive Analysis - June 2020 Kamloops Real Estate Statistics

PDF: Compartive Analysis – June 2020

Sales by Sub Area - June 2020 Kamloops Real Estate Statistics

PDF: Sales by Sub Area – June 2020

Sales by Sub Area - Quarter 2 2020 Kamloops Real Estate Statistics

PDF: Sales by Sub Area – Quarter 2 2020

Sales by Sub Area Out of Town - June 2020 Kamloops Real Estate Statistics

Sales by Sub Area Out of Town - June 2020 Kamloops Real Estate Statistics

PDF: Sales by Sub Area Out of Town – June 2020

Sales by Sub Area Out of Town - Quarter 2 2020 Kamloops Real Estate Statistics

Sales by Sub Area Out of Town - Quarter 2 2020 Kamloops Real Estate Statistics

PDF: Sales by Sub Area Out of Town – Quarter 2 2020

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here.

BCREA Housing Market Update for June 2020

The BC Real Estate Association has released it’s latest BC market update for June 2020. BCREA Chief Economist Brendon Ogmundson discusses the May 2020 statistics. For BC overall the home sales increased month over month. The activity however, was well below the normal sales volume which was down 45% from May 2019. Active listings are also down 24% in the province year over year. They are classifying the present market as a balanced market in BC, but every region has their own market conditions in the province. In BC, home prices are up year over year.

For Kamloops specifically there was a 46.5% decline in the volume of sales with 175 sales reported for May 2020. The average price in Kamloops did increase 1.8% to $435,621. The number of active listings remains low, with a 15.9% decline year over year. There presently is 5.9 months supply of listings on the Kamloops market with 1,029 units for sale. May of 2019 saw an average price of $414,858 and 272 unit sales for the month. May 2019 also saw 4.1 months worth of supply and 1,116 active listings at that time.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.

BC Homes Sales to Post Strong Recovery in 2021: BCREA 2020 Second Quarter Housing Forecast

Vancouver, BC – June 10, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to approximately 61,000 units this year, after recording 77,347 residential sales in 2019. MLS® residential sales are forecast to increase 45.3 per cent to 88,500 units in 2021.

“The bright outlook for 2020 home sales has been upended by the COVID-19 pandemic and resulting recession,” said Brendon Ogmundson, BCREA Chief Economist. “However, as the economy “re-opens” and measures to mitigate the spread of COVID-19 are gradually eased, we expect home sales will start to rebound, aided by record-low mortgage rates and pent-up demand.”

The impact of the current pandemic and associated recession on prices is largely determined by the reaction of supply. Given the unusual nature of COVID-19, the supply of listings for sale has declined for at least the first few months of the pandemic. A muted rise in for-sale inventory may translate to home prices remaining relatively firm in 2020. We are forecasting the provincial MLS® average price to finish the year up 1.8 per cent and to increase a further 5.6 per cent in 2021.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.

Kamloops District Real Estate Associations Statistics For May 2020

The Kamloops District Real Estate Association has released the latest Statistics for May 2020. Click on the image below to enlarge or PDF documents included in the links below.

MLS Activity - Kamloops Real Estate Statistics

PDF: MLS Activity – May 2020

Comparative Analysis - Kamloops Real Estate Statistics

PDF: Comparative Analysis – May 2020

Sales by Sub-Area - Kamloops Real Estate Statistics

PDF: Sales by Sub-Area – May 2020

Sales by Sub-Area Out of Town - Kamloops Real Estate Statistics

Sales by Sub-Area Out of Town - Kamloops Real Estate Statistics

PDF: Sales by Sub-Area Out of Town – May 2020

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here.

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