Housing Market Activity Shows Signs of Recovery in May, BCREA

Vancouver, BC – June 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019. The average MLS® residential price in BC was $728,898, a 3.2 per cent increase from $706,394 recorded the previous year. Total sales dollar volume in May was $3.3 billion, a 43.5 per cent decrease over 2019.

MLS Home Sales May 2020 Seasonally adjusted market activity BC Real Estate Statistics

“There were encouraging signs of recovery in May,” said BCREA Chief Economist Brendon Ogmundson. “While activity is still far below normal, both sales and listings are up significantly from April’s lows.”

New listings activity started to normalize around the first week of May, reversing a slide in total active listings. However, active listings are still down close to 24 per cent year-over-year and are more than 10,000 listings below where they would normally be in the spring months.

Year-to-date, BC residential sales dollar volume was down 6 per cent to $18.6 billion, compared with the same period in 2019. Residential unit sales were down 14.2 per cent to 24,695 units, while the average MLS® residential price was up 9.6 per cent to $753,155.

Housing Market Activity Around the province BC Statistics Information Kamloops Real Estate

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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Kamloops Open House: Saturday, February 15th, 2020 – Aberdeen

This weekend’s Kamloops open house will be held in Aberdeen. Addresses, dates, and times are included with each listing below. Contact us if you have any questions or would like to schedule a private showing.

1301 Kinross Place, Aberdeen, Kamloops, Open House

1301 Kinross Place, Aberdeen

    Saturday, February 15th, 2020

12:00pm to 1:30pm

Listed for $759,900. Link to information about this home.

Listing Courtesy of  C21 Desert Hills Realty(’10)LTD

123-1323 Kinross Place, Aberdeen, Kamloops, Open House

123-1323 Kinross Place, Aberdeen

    Saturday, February 15th, 2020

12:00pm to 1:30pm

Listed for $433,690. Link to information about this home.

To View other Homes available in the Aberdeen Neighbourhood click here.

Kamloops District Real Estate Associations Statistics For November 2019

The Kamloops District Real Estate Association has released the latest Statistics for November 2019. Click on the image below to enlarge or PDF documents included in the links below.

MLS Activity - November 2019 Kamloops Real Estate Statistics

MLS Activity – November 2019

PDF: MLS Activity – November 2019

Comparative Analysis - November 2019 Kamloops Real Estate Statistics

Comparative Analysis – November 2019

PDF: Comparative Analysis – November 2019

Sales by Sub-Area - November 2019 Kamloops Real Estate Statistics

Sales by Sub-Area – November 2019

PDF: Sales by Sub-Area – November 2019

Sales by Sub-Area Out of Town - November 2019 Kamloops Real Estate Statistics

Sales by Sub-Area Out of Town – November 2019

Sales by Sub-Area Out of Town - November 2019 Kamloops Real Estate Statistics

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

BCREA Housing Market Update for November 2019

BCREA has released the most recent Housing Market Update for BC. BC Real Estate Association Chief Economist Brendon Ogmundson discusses the October 2019 statistics. For the Kamloops and District real estate board area there were 273 unit sales for the month of October. This is a 17.2% increase year over year. There were also 1,112 active listings which is 4.1 months worth of supply and a 3.6% year over year change. Kamloops continues to post stronger sales numbers in comparison to other Okanagan and Interior board areas.

Click here to view BCREA’s site. Click here to visit BCREA’s Youtube Channel.

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