B.C. Real Estate Association’s Second Quarter Housing Forecast for 2010

The B.C. Real Estate Association has released it’s Quarterly Housing Forecast for 2010. Included in this report is the Housing Forecast Summary, where all the real estate board areas are shown individually. (link removed) to view the full report with the charts. Information from the report is included below.

Residential units sales through the Multiple Listing Service® (MLS®) in BC are forecast to ease back 3 per cent to 82,350 units in 2010, before climbing 4 per cent to 85,900 units in 2011. Waning pent-up demand, upward pressure on mortgage interest rates and tighter lending qualifications for low equity home buyers will moderate consumer demand this year, particularly on the South Coast.

Improving economic conditions, however, are expected to counterbalance some of the erosion in affordability caused by higher mortgage interest rates and tighter lending.

Stronger economic and employment growth in 2011 will bolster housing demand and push home sales higher. Regionally, home sales are forecast to edge lower in Vancouver, Victoria and the Fraser Valley as the dramatic rebound in consumer demand experienced during the latter half 2009 was induced by short-term factors of pent-up demand and favourable interest rates.

The North is expected to post the strongest percentage gains in unit sales as a result of reinvigorated demand for commodities and the associated employment growth. The rest of the province is expected to continue along a trajectory of gradually improving consumer demand in line with overall provincial economic performance.

After climbing 2.4 per cent in 2009, the average MLS® residential price in the province is forecast to increase a further 6.2 per cent this year before remaining relatively unchanged in 2011, albeit up 1 per cent. Vancouver, Victoria and the Fraser Valley comprise two-thirds of provincial home sales and the 2009 year-over-year change in BC home prices largely reflect gains already realized in those markets.

Seller’s market conditions have now given way to balanced conditions in the Lower Mainland and Victoria as moderating consumer demand and a larger inventory of homes for sale are quelling upward pressure on home prices.

Kamloops and District Real Estate Associations Statistics For May 2010

The Kamloops and Area Real Estate Association has posted their statistics for May 2010. Residential sales are up and so are the number of listings over last year. The total number of sales for up to this point in 2010, is much higher than than this point last year. Click on the image to enlarge.

Kamloops Real Estate Comparative Analysis by Property Type May 2010

Kamloops Real Estate MLS Activity May 2010

Kamloops Real Estate Sales by Subarea May 2010

Featured Property: 2685 Westsyde Road, Westsyde, Kamloops, B.C. $267,400

Kamloops House For Sale 2685 Westsyde Rd This centrally located Westsyde home has 2 bedrooms on the main floor and a 1 bedroom in-law suite. It is situated on a large lot with lots of parking. Recent upgrades include upgraded electrical to 200 amps, 60 amp sub-panel, some new windows, both kitchens, new external doors, flooring, paint and baseboards. There is drive-through access to the back yard. Ideal for a detached workshop. Some finishing work needed. Priced at $267,700.

Click here to view more pictures of this home.

To view all homes for sale in Kamloops click here.

Featured Property: 1547 Hillcrest Avenue, Batchelor Heights, Kamloops, B.C. $339,900

Kamloops Batchelor Heights Real Estate 1547 Hillcrest Avenue

This solid Batchelor Heights home has a beautiful sprawling view of the city and river valley below. There are 3 bedrooms (currently set up as 2) and 3 bathrooms including a master bedroom en-suite. This home has a large in-ground pool in the private back yard that backs on to a park. The pool has a new liner, pump and heater. Other updates include new central A/C unit, updated windows, new sliding glass door, new front door, new flooring, beautiful deck in the front of the home and a newer roof. Priced at $339,900

Click here to view more pictures of this home.

To view all homes for sale in Kamloops click here.

Open House Weekend: Saturday, May 15, 2010: Brocklehurst & Sahali, Kamloops, B.C.

This weekend’s open houses will be held in Brocklehurst and Lower Sahali.

Kamloops Property 1824 Fleetwood Avenue

Saturday, May 15, 2010: 1825 Fleetwood Avenue, Brocklehurst: 11:30-1:00 $329,900

This immaculate home is located close to transportation, schools & shopping with 4 bedrooms & 2 full bathrooms. Located on a 10,570 square foot fenced lot w/ fruit trees. Updates include new flooring, new kitchen counter tops, new furnace in 2003, new roof & hot water tank in 2008.

Home For Sale Kamloops 137 McGill Road

Saturday, May 15, 2010: 17-137 McGill Road, Lower Sahali: 1:30-3:00  $259,900

Beautiful level entry view unit in desirable Lower Sahali. 2 bedrooms and 1 bathroom with over 1,000 square feet of living space. Recent updates include a new kitchen, hot water tank, bathroom, some flooring, internal doors, light fixtures and paint. There is also a large storage room and covered parking included with this unit. Within minutes of downtown, TRU, shopping, schools and transportation. $259,900

Click here to view more pictures of these homes.

To view all homes for sale in Kamloops click here.

Kamloops and District Real Estate Associations Statistics For April 2010

Here are the statistics for Kamloops and the surrounding areas for April 2010. The market is very busy and more listings are coming on the market daily. Buyers are very active purchasing homes. Click on the image to enlarge.

Comparative analysis by property type april 2010 Kamloops  Real Estate Statistics

Kamloops Real Estate Comparative Analysis by Property Type April 2010

MLS activity April 2010 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity April 2010

Sales by subarea april 2010 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by Subarea April 2010

Featured Property: 17-137 McGill Road, Lower Sahali, Kamloops, B.C. $259,900

Kamloops House 137 McGill Road

This immaculate Lower Sahali townhouse is close to transportation, schools and shopping. There are 2 large bedrooms, one spacious four piece bathroom and a large storage room. The living room has a vaulted ceiling with a beautiful valley and river view. Numerous updates over the past year include a new kitchen, updated bathroom, flooring, light fixtures, internal doors and paint. This is a great home for a first time home buyer or for someone downsizing. There is covered parking outside this level entry unit with no stairs in this unit. Priced at $259,900

To view more pictures of this home click here.

Click here to view all homes for sale in Kamloops.

Open House Weekend: Saturday & Sunday April 17 & 18, 2010: Aberdeen, Brocklehurst & Sahali

This weekend’s open houses will be held in Aberdeen, Brocklehurst and Sahali.

Brocklehurst Home For Sale 1824 Fleetwood AvenueSaturday, April 17, 2010: 1825 Fleetwood Avenue, Brocklehurst: 11:30-1:00 $329,900

This immaculate home is located close to transportation, schools & shopping. 4 bedrooms& 2 full bathrooms. Located on a 10,570 square foot fenced lot w/ fruit trees. Updates include new flooring, new kitchen counter tops, new furnace in 2003, new roof & hot water tank in 2008.

Kamloops Sahali House 1257 Monashee Crt Lower

Saturday, April 17, 2010: 1257 Monashee Court, Sahali: 1:30-3:00 $309,900

This beautifully updated half duplex in Lower Sahali has numerous updates all done within the last four years. Updated kitchen, flooring, windows and much more. Tiled, covered patio, enclosed garage and large private back yard. Located in a quiet cul-de-sac with tons of parking, close to schools, hospital, TRU, transportation and shopping.

Kamloops Aberdeen Home For Sale 2085 Holyrood Pl

Sunday, April 18, 2010: 2085 Holyrood Place, Aberdeen: 11:30-1:00 $439,900

This home has 5 bedrooms & 3 full bathrooms. 2,600 square feet of living space. 2 car garage w/ lots of room for all your toys & a large fully fenced yard w/ in ground sprinklers. The living room has high vaulted ceilings with floor to ceiling windows & a beautiful valley view.

Brocklehurst Home 659 Valdes Drive

Sunday, April 18, 2010: 659 Valdes Drive, Brocklehurst: 1:30-3:00 $379,900

5 bedroom home with a 2 bedroom basement suite with a separate entrance. There is separate laundry for the upstairs and downstairs. Recent updates include siding, roof, furnace and air conditioning. There is a detached workshop in the back with drive through access from the front. Single car carport and above ground pool.

Click here to view more pictures of these homes.

To view all homes for sale in Kamloops click here.

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