Housing Markets Flat in 2019 After Strong Second Half, BCREA

Vancouver, BC – January 13, 2020.  The British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2019, a decline of 1.5 per cent from the 78,516 units sold in 2018. The annual average MLS® residential price in BC was $700,460, a decline of 1.6 per cent from $711,564 recorded the previous year. Total sales dollar volume was $54.2 billion, a 3 per cent decline from 2018.

MLS  Residential Sales BC December 2019 Housing Markets Flat in 2019

“Housing markets across the province staged a strong recovery in the second half of 2019,” said BCREA Chief Economist Brendon Ogmundson. “This sets up 2020 to be a much more typical year than what markets have experienced recently.”

A total of 5,218 MLS® residential unit sales were recorded across the province in December, up 48.9 per cent from December 2018. The average MLS® residential price in BC was $755,165, an increase of 8.7 per cent from December 2018. Total sales dollar volume was $3.9 billion, a 61.8 per cent increase year-over-year.

Total active residential listings were down 10.6 per cent to 24,691 units in December. Total inventory of homes for sale have declined more than 10 per cent on a year-over-year basis for two straight months.

Around the Province of BC Kamloops Real Estate Statistics Housing Markets Flat in 2019

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

Kamloops District Real Estate Associations Statistics For December 2019, 4th Quarter and 2019 Year End

The Kamloops District Real Estate Association has released the latest Statistics For December 2019, 4th Quarter and 2019 Year End. Click on the image below to enlarge or PDF documents included in the links below.

Comparative Analysis - Annual 2019

PDF: Comparative Analysis – Annual 2019

Comparative Analysis - December 2019

PDF: Comparative Analysis – December 2019

MLS Activity - December 2019

PDF: MLS Activity – December 2019

Sales by Sub-Area - Annual 2019

PDF: Sales by Sub-Area – Annual 2019

Sales by Sub-Area - Quarter 4 2019

PDF: Sales by Sub-Area – Quarter 4 2019

Sales by Sub-Area - December 2019

PDF: Sales by Sub-Area – December 2019

Sales by Sub-Area Out of Town - Annual 2019

Sales by Sub-Area Out of Town - Annual 2019

PDF: Sales by Sub-Area Out of Town – Annual 2019

Sales by Sub-Area Out of Town - Quarter 4 2019

Sales by Sub-Area Out of Town - Quarter 4 2019

PDF: Sales by Sub-Area Out of Town – Quarter 4 2019

Sales by Sub-Area Out of Town - December 2019

Sales by Sub-Area Out of Town - December 2019

PDF: Sales by Sub-Area Out of Town – December 2019

BCREA Housing Market Update for December 2019

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

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.

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