Kamloops Real Estate Statistics

Real Estate Statistics For Kamloops And The Surrounding Communities

BC Real Estate Association (BCREA) Chief Economist Cameron Muir discusses the October 2014 statistics.

Year-to-Date Home Sales Eclipse 2013 Annual Total

Vancouver, BC – November 14, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 7,648 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, up 14.6 per cent from October 2013. Total sales dollar volume was $4.4 billion, an increase of 22 per cent compared to a year ago. The average MLS® residential price in the province rose to $575,504, up 7.1 per cent from the same month last year.

“Consumer demand for housing continues at an elevated level,” said Cameron Muir, BCREA Chief Economist. “There were more homes purchased during the first ten months of the year than during all of 2013”. To the end of October, 73,001 homes have traded hands in the province compared to 72,936 for all of last year.

“Strong year-over-year increases in housing demand were experienced in Chilliwack (up 31 per cent), Victoria (up 21.9 per cent) and the Kootenay (up 19.4 per cent) market areas. Vancouver, Vancouver Island, the Fraser Valley and Okanagan Mainline also posted a marked increase in sales activity last month.”

Year-to-date, BC residential sales dollar volume was up 23 per cent to $41.4 billion, compared to the same period last year. Residential unit sales were up 15.8 per cent to 73,001 units, while the average MLS® residential price was up 6.2 per cent at $566,687.

Home Sales Continue on Upward Trend in September, BC Real Estate Association. Vancouver, BC – October 15, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 7,636 residential sales were recorded by the Multiple Listing Service® (MLS®) in September, up 17.5 per cent from September 2013. Total sales dollar volume was $4.4 billion, an increase of 25.8 per cent compared to a year ago. The average MLS® residential price in the province rose to $574,641, up 7.1 per cent from the same month last year.

MLS Residential Home Sales BC September 2014

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“Consumer demand remains robust in most BC regions,” said Cameron Muir, BCREA Chief Economist. “More homes traded hands last month in BC than any September since 2009, while the Okanagan had its most robust September in nine years.”

“Population growth, low interest rates and strengthening economic conditions continue to be supportive of housing demand,” added Muir.

Year-to-date, BC residential sales dollar volume was up 23.2 per cent to $37 billion, compared to the same period last year. Residential unit sales were up 16 per cent to 65,353 units, while the average MLS® residential price was up 6.2 per cent at $565,655.

Vancouver, BC – September 12, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 7,341 residential sales were recorded by the Multiple Listing Service® (MLS®) in August, up 7 per cent from August 2013. Total sales dollar volume was $4.1 billion, an increase of 12.4 per cent compared to a year ago. The average MLS® residential price in the province rose to $560,318, up 5 per cent from the same month last year.

No Vacation for Home Buyers in August

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“Consumer demand remained relatively robust in August,” said Cameron Muir, BCREA Chief Economist. “The Okanagan and Chilliwack board areas posted the strongest year-over-year gain of 22 to 25 per cent in unit sales, while Victoria and Vancouver increased around 10 per cent respectively.” Home sales last month were the highest for the month of August since 2009.

“Low mortgage rates, increased net-migration and improving economic conditions continue to underpin housing demand in the province,” added Muir.

Year-to-date, BC residential sales dollar volume was up 22.8 per cent to $28.5 billion, compared to the same period last year. Residential unit sales were up 15.8 per cent to 57,715 units, while the average MLS® residential price was up 6.1 per cent at $564,466.

Kamloops District Real Estate Associations Statistics For August 2014. Click image to enlarge.

Comparative analysis by property type August 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type August 2014

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MLS Activity August 2014 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity August 2014

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Sales by subarea August 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea August 2014

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MLS Residential Sales BC July 2014

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Home Buying Heats Up Over the Summer Months, BC Real Estate Association.  Vancouver, BC – August 14, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 8,493 residential sales were recorded by the Multiple Listing Service® (MLS®) in July, up 11 per cent from July 2013.

Total sales dollar volume was $4.65 billion, an increase of 13.8 per cent compared to a year ago. The average MLS® residential price in the province rose to $547,926, up 2.5 per cent from the same month last year.

“Strong consumer confidence continues to drive a summer rally of home sales,” said Cameron Muir, BCREA Chief Economist. “While sales were up in all but one BC real estate board area, the Okanagan has posted a meteoric rise in consumer demand, with the most home sales on record for the month of July.”

“Overall market conditions remain in relative balance in BC,” added Muir, “however, relatively fewer homes for sale have created sellers’ market conditions in some communities.”

Year-to-date, BC residential sales dollar volume was up 24.5 per cent to $28.5 billion, compared to the same period last year. Residential unit sales were up 17.2 per cent to 50,376 units, while the average MLS® residential price was up 6.2 per cent at $565,031.

Kamloops District Real Estate Associations Statistics For July 2014. Click image to enlarge.

Comparative analysis by property type July 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type July 2014

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MLS Activity July 2014 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity July 2014

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Sales by subarea July 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea July 2014

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BC Home Sales Surge Higher in June 2014, BC Real Estate Association. Vancouver, BC – July 16, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 8,989 residential sales were recorded by the Multiple Listing Service® (MLS®) in June, up 24.9 per cent from June 2013. Total sales dollar volume was $5 billion, an increase of 30.5 per cent compared to a year ago. The average MLS® residential price in the province rose to $556,977, up 4.5 per cent from the same month last year.

MLS Residential Sales BC June 2014

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“Home sales finished the second quarter on an upward trend,” said Cameron Muir, BCREA Chief Economist. “The increase in provincial housing demand was broad-based, with the largest year-over-year increases occurring in the Okanagan, the Kootenays and Chilliwack.”

Home sales climbed 46 per cent in the South Okanagan and nearly 30 per cent in the Okanagan Mainline Real Estate Board area. In addition, home sales rose 36 per cent in the Kootenays and 33 per cent in Chilliwack compared to the same month last year.

“Market conditions also continued to improve, with the Okanagan and the Lower Mainland even flirting with sellers’ market conditions,” added Muir.

During the half of the year, BC’s residential sales dollar volume was up nearly 26.8 per cent to $23.8 billion, compared to the same period last year. Residential unit sales were up 18.5 per cent to 41,883 units, while the average MLS® residential price was up 7 per cent at $568,499.

Kamloops District Real Estate Associations Statistics For June and Second Quarter 2014. Click image to enlarge.

Comparative analysis by property type June 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type June 2014

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MLS Activity June 2014 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity June 2014

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Sales by subarea June 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea June 2014

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Sales by subarea Second 2nd Quarter 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea Second 2nd Quarter 2014

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BC Residential Home Sales May 2014

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Strongest May for Home Sales Since 2007, BC Real Estate Association. Vancouver, BC – June 13, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 8,729 residential sales were recorded by the Multiple Listing Service® (MLS®) in May, up 13.9 per cent from May 2013. Total sales dollar volume was $4.9 billion, an increase of 20.6 per cent compared to a year ago. The average MLS® residential price in the province rose to $565,233, up 5.8 per cent from the same month last year.

“Consumer demand was noticeably stronger last month, with unit sales posting their highest level for the month of May since 2007,” said Cameron Muir, BCREA Chief Economist. “Rock bottom mortgage rates are inducing many would-be home buyers to enter the market this spring.”

“With most BC markets now in balanced conditions, home prices are up in nine of 11 board areas,” added Muir.

During the first five months of the year, BC residential sales dollar volume was up nearly 26 per cent to $18.8 billion, compared to the same period last year. Residential unit sales were up almost 17 per cent to 32,894 units, while the average MLS® residential price was up 7.7 per cent at $571,648.

Kamloops District Real Estate Associations Statistics For May 2014. Click image to enlarge.

Comparative analysis by property type May 2014 Kamloops Real Estate Statistics

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MLS Activity May 2014 Kamloops Real Estate Statistics

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Sales by subarea May 2014 Kamloops Real Estate Statistics

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Kamloops District Real Estate Associations Statistics For April 2014. Click image to enlarge.

Comparative analysis by property type April 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type April 2014

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MLS Activity April 2014 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity April 2014

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Sales by subarea April 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea April 2014

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Housing Demand Forecast to Rise Through 2015, BCREA. I have included the BC Real Estate Association’s report for this month. BCREA Chief Economist Cameron Muir discuss the April 2014 statistics. Muir points out historically low mortgage interest rates, population growth, employment growth and upturn in net migration are all contributing factors to the increased housing demand. See video below and full article from BCREA is included below the video.

Vancouver, BC – May 15, 2014. The British Columbia Real Estate Association (BCREA) released its 2014 Second Quarter Housing Forecast today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5.2 per cent to 76,700 units this year, before increasing a further 6.7 per cent to 81,800 units in 2015. The five-year average is 75,400 unit sales, while the ten-year average is 84,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.

MLS Residential Sales BC April 2014 Statistics

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“BC Home sales are expected to trend higher this year and in 2015, as stronger economic conditions both at home and abroad bolster consumer demand,” said Cameron Muir, BCREA Chief Economist. “While historically low mortgage interest rates are a key market driver, population growth led by a strong upturn in net migration and more robust employment growth are expected to generate additional housing demand.”

The average MLS® residential price for the province is forecast to increase 4.3 per cent to $560,500 this year and a further 2 per cent to $571,500 in 2015. Increasing consumer demand combined with fewer homes for sale has created balanced market conditions in most BC regional markets, resulting in home price appreciation more in line with overall consumer price inflation.

BCREA: BC Real Estate Statistics and Housing Market Update for April 2014. I have included the BC Real Estate Association’s report for this month. BCREA Chief Economist Cameron Muir discuss the March 2014 statistics and how low mortgage rates are having an impact on the housing market. See video below and full article from BCREA is included below the video.

Vancouver, BC – April 15, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 6,661 residential sales were recorded by the Multiple Listing Service® (MLS®) in March, up 16.8 per cent from March 2013. Total sales dollar volume was $3.7 billion, an increase of 21.5 per cent compared to a year ago. The average MLS® residential price in the province rose to $562,316, up 4 per cent from the same period last year.

BC Residential Real Estate Statistics

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“While home sales are up from a year ago, consumer demand in the province has largely been treading water over the first quarter,” said Cameron Muir, BCREA Chief Economist. “However, fewer homes for sale means that most BC markets are moving into balanced conditions, which signals no particular advantage to either home buyers or sellers.”

“Low mortgage interest rates are a key driver in the market, this spring,” added Muir. “It’s unlikely that mortgage rates will be at their current low level a year from now.”

During the first quarter, BC residential sales dollar volume was up 32.4 per cent to $9.5 billion, compared to the same period last year. Residential unit sales were up 21.1 per cent to 16,435 units, while the average MLS® residential price was up 9.3 per cent at $579,775.

 

Kamloops District Real Estate Associations Statistics For The First Quarter and March 2014. Click image to enlarge.

Comparative analysis by property type March 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type March 2014

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Sales by subarea March 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea March 2014

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Sales by subarea First 1st Quarter 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea First 1st Quarter 2014

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MLS Activity March 2014 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity March 2014

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MLS Residential Home Sales February March 2014

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February Home Sales Edge Lower, BCREA. Vancouver, BC – March 14, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 5,578 residential sales were recorded by the Multiple Listing Service® (MLS®) in February, up 24.9 per cent from February 2013. Total sales dollar volume was $3.4 billion, an increase of 43.1 per cent compared to a year ago. The average MLS® residential price in the province rose to $611,688, up 15.4 per cent from the same period last year.

“Consumer demand was much stronger in February compared to a year ago, but edged lower compared to January,” said Cameron Muir, BCREA Chief Economist. “Weak employment growth in 2013 has limited home sales so far this year to long-term average levels.”

“Record low mortgage interest rates and population growth continue to underpin the housing market and most regions of the province are at or near balanced market conditions,” added Muir.

Year-to-date, BC residential sales dollar volume was up 10.1 per cent to $36.7 billion, compared to the same period last year. Residential unit sales were up 6 per cent to 68,510 units, while the average MLS® residential price was up 3.8 per cent at $535,411.

Kamloops District Real Estate Associations Statistics For February 2014. Click on the image to enlarge.

Comparative analysis by property type February 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type February 2014

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MLS Activity February 2014 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity February 2014

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Sales by subarea February 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea February 2014

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BCREA: BC Real Estate Statistics and Housing Market Update for February 2014. I have included the BC Real Estate Association’s report for this month. BCREA Chief Economist Cameron Muir discuss the January 2014 statistics and how the cancellation of the Federal Immigrant Investor Program will impact the housing market. See video below and full article from BCREA is included below the video.

Strongest January Residential Sales Since 2010
Muted Impact Expected From Cancelled Investor Immigrant Program

Vancouver, BC – February 14, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 4,244 residential sales were recorded by the Multiple Listing Service® (MLS®) in January, up 24.5 per cent from January 2013. Total sales dollar volume was $2.4 billion, an increase of 36.8 per cent compared to a year ago. The average MLS® residential price in the province rose to $565,036, up 9.9 per cent from the same period last year.

MLS Residential Sales BC January 2014 Real Estate

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“Residential sales activity in the province posted the strongest January since 2010,” said Cameron Muir, BCREA Chief Economist. “Consumer demand has recovered from last year’s lower levels and is now trending at the long-term average.” The ten-year average for January is 4,276 unit sales.

“Stronger economic conditions are expected to underpin a modest uptick in home sales later this year,” added Muir.

The demise of the federal Immigrant Investor Program is expected to have little impact on the Metro Vancouver housing market. “The only impact we foresee is less pressure on the inventory of detached homes in Vancouver’s West Side, Richmond and West Vancouver,” said Muir.

The number of investor immigrant landings peaked at 5,876 in 2008 before declining to just 2,644 in 2012, with a similar number expected for 2013. These numbers include spouses and dependents. The total number of added households is estimated to be between 900 and 1,000 per year since 2011.

The Kamloops and District Real Estate Association has released it’s latest statistics for January 2014. Click on the image to enlarge.

Comparative analysis by property type January 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type January 2014

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MLS Activity January 2014 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity January 2014

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Sales by subarea January 2014 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea January 2014

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The Kamloops and District Real Estate Association has released it’s latest statistics for December 2013 and the 4th Quarter. Click on the image to enlarge.

Comparative analysis by property type December 2013 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type December 2013

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MLS Activity December 2013 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity December 2013

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Sales by subarea December 2013 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea December 2013

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Sales by subarea Fourth Quarter 2013 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea Fourth Quarter 2013

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The Kamloops and District Real Estate Association has released it’s latest statistics for November 2013. Click on the image to enlarge.

Comparative analysis by property type November 2013 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative analysis by property type November 2013

Sales by subarea November 2013 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by subarea November 2013

MLS Activity November 2013 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity November 2013

 

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