BC Housing Market Continues Record Pace in October, BCREA

Vancouver, BC – November 12, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,051 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2020, an increase of 43.8 per cent from October 2019. The average MLS® residential price in BC set a record of $812,960, a 12.5 per cent increase from $722,333 recorded the previous year. Total sales dollar volume in August was $8.98 billion, a 61.8 per cent increase over 2019.

MLS Residential Sales BC Kamloops Home Real Estate Statistics

“The provincial housing market sustained its blistering pace of activity in October,” said BCREA Chief Economist Brendon Ogmundson. “While pent-up demand may be starting to fade, record low interest rates and a recovering job market are supporting strong sales.”

“A pandemic-driven shift in buyers’ preference for extra space is pushing average prices to record highs as larger value transactions account for a higher share of sales,” added Ogmundson. Prices are also being pushed higher by a lack of inventory. Total provincial active listings continue to trend lower and were close to 14 per cent lower in October 2020 compared to 2019.

Year-to-date, BC residential sales dollar volume was up 29.7 per cent to $58.7 billion, compared with the same period in 2019. Residential unit sales were up 16.3 per cent to 76,140 units, while the average MLS® residential price was up 11.5 per cent to $771,085.

MLS Residential Sales BC Kamloops Home Real Estate Statistics Around the province information

New Listing: 52-1435 Summit Drive, Sahali, Kamloops, BC $219,000

52-1435 Summit Dr, Sahali, Kamloops Real Estate Sold

New Listing: 52-1435 Summit Drive, Sahali, Kamloops, BC $219,000. Nicely updated level entry Sahali Mews unit on the north side of the building overlooking nice hillside views.

This unit has its parking right out front making it convenient for access. There is an open main floor plan with updated kitchen cabinets and laminate floors. The 4 piece bathroom also has an updated vanity and sink. This home includes a large living and dining room space which overlooks the private courtyard/deck space. Great for enjoying some outdoor space in the warmer months. There are 2 large bedrooms with big windows for natural light.

This unit also includes a storage space and in suite laundry. Recent updates include hot water tank, furnace/central a/c unit, flooring, windows and doors. Easy to show with quick possession possible.

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New Listing: 5810 Leonard Place, Barnhartvale, Kamloops, BC, $624,900

5810 Leonard Pl, Barnhartvale, Kamloops Real Estate Sold

New Listing: 5810 Leonard Place, Barnhartvale, Kamloops, BC, $624,900. Extensively renovated Barnhartvale home with lots of living space, 1 bedroom self contained basement suite and backing on to a park space for privacy.

This home has had some significant additions done in 2007. The main floor features a great room open floor plan with large kitchen including stone countertops and wood cabinetry. The living and dining rooms are spacious, with the dining room walking out to the back patio and yard and the living room has French doors to the front patio. The massive master suite has a huge bedroom space with walk in closet and deluxe ensuite with separate tub and shower. There are 2 additional bedrooms on the main floor and a 4 piece bathroom.

The basement level is separated in half, the main house enjoys a theatre room, family room which could accommodate an additional bedroom, wet bar area, storage, laundry and utility room. The one bedroom basement suite has it’s own entry and parking space on the side of the home. There is one bedroom, a full 4 piece bathroom and kitchen with living space.

The yard is fenced and very private. Other features of this home include on demand hot water, central a/c. built in sound, plumbing and electrical all done and windows/doors. This home has so much to offer and you won’t find this square footage often. RV parking and single garage to top it off. Suite only available on second showings.

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New Listing: 1515 Robinson Cres , South Kamloops, BC, $749,900

1515 Robinson Cres, South Kamloops, Real Estate for Sale

New Listing: 1515 Robinson Cres , South Kamloops, BC, $749,900, Updated South Kamloops home with in ground pool located in a cul-de-sac seconds from elementary and secondary schools as well as Sagebrush theatre.

Updates in this home include nearly all windows, hot water tank, roof, soffits, gutters, pool liner and central a/c. The main floor has a lot of living space with the kitchen open to the dining room space. There is a large living room with a number large windows to take in the views. The living room also features a wood burning fireplace. There is a large family room on the main floor that leads to a nice sized patio that overlooks the pool and yard space.

There are 2 good sized bedrooms on the main floor. The master is large enough to fit a king bed. The second bedroom has a 2 piece bathroom and there is a fully updated 4 piece main bathroom.

The basement level includes a large family room, 2 additional bedrooms, an updated 3 piece bathroom and large laundry room. The laundry room was once an inlaw suite making conversion easy with laundry hook ups on the main floor.

There is a side lane access with double carport where one half has been enclosed to make a secure workshop. The pool house includes an outdoor kitchen great for summer entertaining. This home has great square footage and a lot to offer! Please note a new daycare is being built in the back lot but access will be off of 9th Ave. Day before notice appreciated for showings.

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