Kamloops Real Estate Statistics

Real Estate Statistics For Kamloops B.C. And The Surrounding Communities

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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