MLS Listings, News & Statistics
Real Estate Statistics For Kamloops And The Surrounding Communities
The Kamloops District Real Estate Association has released the latest Statistics for August 2020. With PDF documents included in the links.
PDF: Comparative Analysis – Aug 2020
PDF: Sales by Sub Area – Aug 2020
PDF: Sales by Sub Area Out of Town – Aug 2020
For Previous Monthly, Quarterly & Annual Statistics click here.
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Vancouver, BC – August 25, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Third Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 6.5 per cent to 82,380 units this year, after recording 77,351 residential sales in 2019. MLS® residential sales are forecast to increase 17.6 per cent to 96,860 units in 2021.
“The outlook for the BC housing market is much brighter following a surprisingly strong recovery,” said Brendon Ogmundson, BCREA Chief Economist. “We expect home sales will sustain this momentum into 2021, aided by record-low mortgage rates and a recovering economy.”
With home sales more than fully recovered and now above pre-COVID-19 levels, combined with a decline in the supply of re-sale listings driven by the pandemic, many markets are now seeing sharply rising average prices despite a weak provincial economy. We are forecasting the provincial MLS® average price to finish the year up 7.7 per cent and to increase a further 3.7 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.
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To search for Kamloops real estate and homes for sale click here.
BCREA has posted it’s most recent Housing Market Update for BC for August 2020. In BC, sales posted a strong recovery across the province and for July went up above the pre-covid the levels. Active listings remain down and there is high demand for single family homes in most markets. With low supply the market sits in the Seller’s market territory. Heightened demand for single family homes as forced prices of homes higher.
In Kamloops there were 340 unit sales in July 2020, that is a 15.6% increase year over year. The average price is also up 6.7% over last year. There is also a 21% decrease in the number of active listings in Kamloops year over year with 1,028 homes on the market.
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.
