Featured Property: 1897 Heffley Louis Creek Road, Heffley, Kamloops, B.C. $329,900

Heffley Lake Property for SaleQuiet private paradise. This large country rancher has over 3000 sq ft of finished living area with a magnificent view overlooking Little Heffley Lake on almost an acre lot. This home features a country kitchen, large living room with new hardwood floors, main floor laundry, full length sundeck to enjoy the view overlooking the lake and a fireplace in the master bedroom. There is lots of room for your projects with a 3 bay garage and 2 outbuildings that are currently filled with wood for the wood/electric furnace, which was recently WETT inspected. Close to skiing, fishing and recreation. 24 hours notice please.

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Housing market cools in August, Prices rise 0.3% even as sales activity declines by 8.9%, CBC News

This article appeared on the CBC.ca website on September 17th, 2012 and was written by Darren Calabrese.

Home sales declined by almost nine per cent in August even as prices ticked slightly higher, data from the Canadian Real Estate Association showed today.

The 8.9 per cent decline in activity is the largest annual drop since April 2011, CREA said, and was led by declines in major markets such as Vancouver, Toronto, Calgary, Edmonton and Ottawa.

While the number of sales declined, prices held up. CREA says the average price of a Canadian home sold in August was $350,192, up 0.3 per cent from where it was a year ago.

As it has several times in the past year, CREA warned that the national average price is being skewed by a several factors, most notably fewer sales in Vancouver this year compared with 2011.

If Vancouver activity is stripped out of the equation, the national average price has increased 3.3 per cent in the year up to the end of August.

In a separate release, the real estate group updated its housing forecast for the year. CREA now expects fewer home sales this year and next, and it predicts the average home price for 2012 as a whole will come in at $365,000, a 0.6 per cent rise from 2011’s average.

For 2013, CREA predicts a slight pullback, with prices ticking down 0.1 per cent to $364,500.

BC Home Sales Continue to Trend Lower, BCREA

Vancouver, BC – September 17, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 25.4 per cent to $2.6 billion in August compared to the same month last year. A total of 5,337 MLS® residential unit sales were recorded over the same period, down 17.9 per cent from August 2011. The average MLS® residential price was $491,145, 9.0 per cent lower than a year ago.

Real Estate Statistics BC MLS Sales

“Consumer demand continued to trend lower in August,” said Cameron Muir, BCREA Chief Economist. “Tighter mortgage credit conditions introduced in July appear to be taking a toll on an already tentative market. However, with home sales slower than improving economic conditions suggest, a rebound may be in store before year-end.”

Year-to-date, BC residential sales dollar volume declined 17.5 per cent to $26.2 billion, compared to the same period last year. Residential unit sales dipped 9.1 per cent to 50,131 units, while the average MLS® residential price was 9.3 per cent lower at $521,599.

Kamloops Home For Sale: 261 Willow Street, North Kamloops, B.C. $309,900

North Kamloops Home for Sale PropertyNice bright North Kamloops home with many updates. 1 bedroom inlaw suite with separate entrance and shared laundry. Large kitchen leading to a covered deck. Recent updates include: furnace, soffits, gutters, flooring, bathroom, central a/c, deck and appliances. Located very close to shopping, McArthur Island Park, transportation and school. The yard is fully fenced with a patio, garden, storage shed and there is lane access in the back. There is covered parking for 1 vehicle and additional parking available. Please allow for 24 hours notice for showings due to tenant.

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