BCREA Housing Market Update (February 2013)
BC Real Estate Association (BCREA) Chief Economist Cameron Muir discusses the January 2013 statistics. The real estate statistics for Kamloops pertaining to this post can be found here.
Author: Admin
Kamloops Residential Average Price, Active Listings And Sales To Active Listings For January 2012 & 2013.
The British Columbia Real Estate Association has released the residential average price, active listings and sales to active listings statistics for January 2012 & 2013.
The numbers for Kamloops look very good. The entire document can be found at the bottom of this post.
The Kamloops residential real estate average price increased 8.9% from January 2012 to January 2013. The number of active listings increased 0.6% for the same period. The sales to active listings for the same period is almost unchanged going from 6.3% to 6.2%.
In Kamloops the dollar volume of residential real estate sales actually increased 6.9% from January 2012 to January 2013. A lot of communities saw double digit declines. The number of residential real estate sales for the same period decreased 1.8%.
Kamloops & B.C. Real Estate Housing Forecast For 2013 & 2014
The British Columbia Real Estate Association has released it’s British Columbia Housing Forecast Update for 2013 & 2014.
Some important points from the report below:
- B.C. residential housing sales are forecast to rise 5.6% in 2013.
- B.C. residential housing sales are expected to trend higher. 6.1% in 2014 is forecast.
- Issues with the global economy make growth difficult in British Columbia presently.
- A stronger global economy is expected in 2013.
- The average B.C. MLS home price is expected to drop 1% this year to $510,400 and increase in 2014 by 0.6%.
- B.C. housing starts will increase 1.5% in 2014.
Kamloops Real Estate Housing Forecast:
- Kamloops and surrounding communities real estate sales will increase 3% in 2013 and 4.6% in 2014.
- The Kamloops average MLS price will increase to $315,000 an increase of .07% in 2013 and to $319,000 an increase of 1.3% in 2014.
Kamloops & BC Real Estate Housing Forecast 2013 2014
Kamloops and District Real Estate Associations Statistics For August 2012
The Kamloops and District Real Estate Association has released it’s latest statistics for August 2012. Click on the image to enlarge.
Kamloops BC Real Estate Statistics August 2012 Comparative Analysis
Kamloops BC Real Estate Statistics MLS Activity August 2012
Kamloops BC Real Estate Sales Statistics by Subarea August 2012