No March Madness Repeat in 2012: BC Real Estate Association

Vancouver, BC – April 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 26.5 per cent to $3.8 billion in March compared to the same month last year. A total of 6,882 MLS® residential unit sales were recorded over the same period, a decline of 20 per cent. The average MLS® residential price was $545,959 in March, 8.1 per cent lower than in March 2011.

MLS Home Sales March 2012The spike in consumer demand recorded a year ago was not repeated last month,” said Cameron Muir, BCREA Chief Economist. “A marked increase in high-end home sales a year ago pushed up unit sales and skewed average prices higher, so it’s no surprise to see fewer home sales and lower average prices in March of this year.”

Year-to-date, BC residential sales dollar volume declined 17 per cent to $9.2 billion, compared to the same period last year. Residential unit sales dipped 12.7 per cent to 16,724 units, while the average MLS® residential price edged back 5 per cent to $552,785 over the same period.

Kamloops Home For Sale: 35-1801 Paul Lake Road, Paul Lake, B.C. $375,000

Waterfront Property for Sale TownhouseThis private lakefront home is only 4 hours from Vancouver and has it all! The home is in one of the best locations of the complex and has 2 bedrooms plus den (could be 3rd bedroom), 3 bathrooms and large living areas with hardwood throughout the main floor. Also featuring a lovely patio, propane gas fireplace, a 2 car carport and private steps to the waters edge. The complex offers an in ground pool, RV/boat parking area, tennis court, workshop, and amazing grass lawn with landscaping to the marina. This is truly at 4 season playground offering all summer and winter sports, mountain biking and hiking up Gibraltar Rock. The lake is amazingly warm and allows wakeboarding and waterskiing and you are only 10 minutes from Harper Mountain ski hill. No dogs allowed.

To view all homes for sale in Kamloops click here.

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