Open House: 1441 Dunbar Drive, Aberdeen, Saturday, February 21, 2015, 1:00-2:30pm

1441 Dunbar Dr, Aberdeen, Kamloops Home for SaleOpen House: 1441 Dunbar Drive, Aberdeen, Saturday, February 21, 2015, 1:00-2:30pm.

Beautiful Aberdeen home with many custom finishes.

This home features 3 bedrooms on the main floor with a nice sized 4 piece guest bathroom and a gorgeous master bedroom ensuite. The nice open great room floor plan is perfect for entertaining or enjoying family time.

The basement level features a nice sized bedroom, rec room, additional 4 piece bathroom and suite potential with separate entry. There is also a den off the main entrance and nice sized foyer. This home also has a two car garage and will be fully landscaped with in ground sprinklers.

To view all homes for sale in Kamloops click here.

Open House: 18-1945 Grasslands Boulevard, Batchelor Heights, Saturday, February 21 , 2015 1:00-2:30pm

18-1945 Grasslands Boulevard, Kamloops Real EstateOpen House: 18-1945 Grasslands Boulevard, Batchelor Heights, Saturday, February 21 , 2015 1:00-2:30pm.

The main floor features hardwood flooring, a gas fireplace, tons of windows for natural light and lots of cabinets in the kitchen with a breakfast bar. There are two bedrooms on the main floor, a four-piece guest bathroom and a three piece master ensuite.

The bottom level features a very spacious main entry way for a, a third bathroom with four pieces and a large rec room great for movies or a play room. There is also a laundry room, built in vacuum and a good size single car garage. Other features include a high efficiency furnace and heat pump (central air).

There is a patio off of the master bedroom to access the grassy space behind the unit, and there is a small patio off the dining room. There are two parking stalls plus the garage spot. Pets and rentals are allowed with restrictions. Quick possession possible and easy to show.

To view all homes for sale in Kamloops click here.

Open House: 1539 Golf Ridge Drive, Sun Rivers, Saturday, February 21, 2015, 11:00-12:30pm

1539 Golf Ridge Drive Sun Rivers Kamloops Open HouseOpen House: 1539 Golf Ridge Drive, Sun Rivers, Saturday, February 21, 2015, 11:00-12:30pm.

Gorgeous rancher on corner lot with views from almost all rooms of this home.

This executive townhome features walnut hardwood flooring throughout the main floor, tons of large windows for a lot of natural light throughout the home. On the main floor there is a nice open foyer, kitchen features granite counters and upgraded stainless steel appliances with gas range, a good sized office/den, master bedroom with four piece ensuite and walk in closet, a two piece powder room, potential to put a stacking washer/dryer on the main, as well as a good sized living room and dining room. There is access off of the dining room and kitchen to the nice patio with gorgeous views.

The basement level features a large rec room, two additional bedrooms, a four piece bathroom and large laundry room with built in storage. There is a second deck off of the bottom level that is covered.

Other features include high end built in vacuum, central a/c, two car garage with bonus golf cart storage, many upgrades throughout, high end custom Hunter Douglas window coverings. Enjoy Golf ridge dipping pool, and Club amenities. Golfing, hiking and walking trails steps from your front door.

Sun Rivers is a great community that currently has an 18 hole golf course that captures city views from every green. Hoodos restaurant is located steps from this home making a night out with friends easy.

Downtown Kamloops is a short five minute drive and larger shopping opportunities are located downtown as well as the Sahali and Aberdeen area which are a seven to 10 minute drive from this home.

Sun Rivers is located right off of the Yellowhead Highway making access to local lakes, Sun Peaks Ski Resort and the #1 and #5 Coquihalla Highways.

To view all homes for sale in Kamloops click here.

CREA: Canadian Home Sales Slip Further in January 2015

Ottawa, ON, February 17, 2015 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was down on a month-over-month basis in January 2015.

Highlights:

– National home sales fell 3.1% from December to January.
– Actual (not seasonally adjusted) activity stood 2.0% below January 2014 levels.
– The number of newly listed homes rose 0.7% from December to January.
– The Canadian housing market remains balanced.
– The MLS® Home Price Index (HPI) rose 5.17% year-over-year in January.
– The national average sale price rose 3.1% on a year-over-year basis in January.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations fell 3.1 per cent in January 2015 compared to December 2014.

January sales were down from the previous month in about 60 per cent of all local housing markets. On a provincial basis, the monthly decline largely reflected fewer sales in Alberta and Saskatchewan.

Monthly Home Sales CREA January 2015 Chart

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“As expected, consumer confidence in the Prairies has declined and moved a number of potential homebuyers to the sidelines as a result,” said CREA President Beth Crosbie. “By contrast, housing market trends in the Maritimes are continuing to improve, which underscores the fact that all real estate is local. Nobody knows this better than your local REALTOR®, who remains your best source for information about the housing market where you currently live or might like to in the future.”

Actual (not seasonally adjusted) activity in January stood two per cent below levels reported in the same month last year, marking the first year-over-year decline since April 2014.

“Comparing sales activity for January this year to sales one year earlier, there was a fairly even split between the number of markets where sales were up versus the number of markets where sales were down,” said Gregory Klump, CREA’s Chief Economist. “The decline in national sales largely reflects weakened activity in Calgary and Edmonton. If these two markets are removed from national totals, combined sales activity remained 1.9 per cent above year-ago levels.”

The number of newly listed homes rose 0.7 per cent in January compared to December. New supply climbed higher in just over half of all local markets, led by Edmonton and Greater Toronto. By contrast, Greater Vancouver, Calgary, and Regina posted the largest monthly declines in new listings.

The national sales-to-new listings ratio was 49.7 per cent in January, marking the first time this measure of market balance has dipped below 50 per cent since December 2012.

Aggregate Composite MLS HPI - CREA January 2015

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A sales-to-new listings ratio between 40 and 60 per cent is generally consistent with balanced housing market conditions, with readings above and below this range indicating sellers’ and buyers’ markets, respectively. The ratio was within this range in more than half of all local markets in January.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity.

There were 6.5 months of inventory nationally at the end of January 2015, its highest reading since April 2013. As with the sales-to-new listings ratio, the reading for the number of months of inventory still indicates that the national market remains balanced.

The Aggregate Composite MLS® HPI rose by 5.17 per cent on a year-over-year basis in January. This continues the trend, in place throughout 2014, where year-over-year price gains held steady between five and five-and-a-half per cent.

Year-over-year price growth held steady in January for one-storey single family homes and decelerated for other Aggregate Benchmark housing types tracked by the index.

Two-storey single family homes continued to post the biggest year-over-year price gains (+6.57 per cent), followed closely by townhouse/row units (+5.00 per cent) and one-storey single family homes (+4.61 per cent). Price growth remained comparatively more modest for apartment units (+3.11 per cent).

Price gains varied among housing markets tracked by the index. As in recent months, Calgary (+7.76 per cent), Greater Toronto (+7.47 per cent), and Greater Vancouver (+5.53 per cent) continued to post the biggest year-over-year increases.

That said, while prices in Greater Vancouver and Greater Toronto continue to trend higher, the trend for prices in Calgary has been fairly stable since last summer while year-over-year gains continue to shrink.

In other markets from West to East, prices were up on a year-over-year basis in the Fraser Valley, Victoria, and Vancouver Island, while remaining stable in Saskatoon, Ottawa, and Greater Montreal. By contrast, prices declined on a year-over-year basis in Regina and Greater Moncton.

The MLS® Home Price Index (MLS® HPI) provides a better gauge of price trends than is possible using averages because it is not affected by changes in the mix of sales activity the way that average price is.

The actual (not seasonally adjusted) national average price for homes sold in January 2015 was $401,143. This represents an increase of 3.1 per cent year-over-year and the smallest increase since April 2013.

The national average home price remains skewed by sales activity in Greater Vancouver and Greater Toronto, which are among Canada’s most active and expensive housing markets. Excluding these two markets from the calculation, the average price is a relatively more modest $312,280, which represents a year-over-year decline of three tenths of one per cent.

These two charts came from the Hufington Post on February 17th, 2015.

Change in Avg House Prices Jan 2014-2015

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Home Sales Jan 2014-2015

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Link to Huffington Post article.

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