Author: Kirsten Mason

BC Housing Demand Remains Mixed in October, BCREA

B.C. Real Estate News, Kamloops Real Estate Statistics

Vancouver, BC – November 15, 2016. The British Columbia Real Estate Association (BCREA) reports that 7,272 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, down 16.7 per cent from the same month last year. Total sales dollar volume was $4.4 billion in October, down 24.2 per cent compared to the previous year. The average MLS® residential price in the province was $606,787, a decline of 9.1 per cent compared to the same month last year.

MLS Residential Sales Lower Mainland BC Statistics November October 2016“Housing demand remained mixed across the province in October,” said Cameron Muir, BCREA Chief Economist. “Home sales across the Lower Mainland were down from the elevated levels of one year ago, but stabilized on a month to month basis. In contrast, home sales on Vancouver Island and in the interior of the province continue to post strong year-over-year gains.”

“The decline in the average residential price reflects a smaller proportion of transactions in the province originating in Vancouver,” added Muir. Home sales through the Real Estate Board of Greater Vancouver fell to 31.4 percent of BC transactions last month, compared to 42.6 per cent a year ago.

Year-to-date, BC residential sales dollar volume increased 27.4 per cent to $70.4 billion, when compared with the same period in 2015. Residential unit sales climbed by 15 per cent to 101,069 units, while the average MLS® residential price was up 10.8 per cent to $696,992.

Winery & Vineyard Real Estate in Kamloops, BC

Kamloops Communty Information, Kamloops Neighbourhoods

Kamloops has experienced growth in the winery and vineyard industry, putting the City of Kamloops on the winery map as a sought after destination. The majority of vineyards in Kamloops rest on the banks of the South Thompson River although presently there is one that is located on the North Thompson. These wineries are not very far from Downtown Kamloops making them very accessible for those wine lovers. A number of communities are located within a 10 minute drive of these vineyards. We have compiled a list of the wineries in Kamloops that are producing tasty and award winning wines.

Monte Creek Ranch WineryMonte Creek Ranch Winery planted their vines back in 2009 and started selling their first bottles in 2015. 44 acres of their ranch is devoted to their grape vines, while the rest houses livestock, honey bees, and the Haskap berry which is native to Siberia. Back in 1906 Monte Creek was the last site that Billy Minor executed a train robbery. Monte Creek has marketed their products around this historical event which makes their labeling and story quite unique. Located on the South Shore of the South Thompson River, Monte Creek Ranch has a beautiful tasting room and shop that can be easily identified while traveling to the area. Monte Creek Ranch is only 25 minutes from downtown Kamloops, just past the Vernon turn off. They host a variety of events and community gatherings incorporating things like art, yoga and holiday events. Monte Creek Ranch also has a seasonal restaurant called The Terrace Restaurant. There are a lot of locations to sit and enjoy the scenery at Monte Creek including their beautiful patio with fireplace or many of the grassy knolls. The rural neighbourhood of Monte Creek and Pritchard are the closest to this winery. Areas such as Campbell Creek, Dallas and Rivershore are also a very short drive away.

Click here to view Monte Creek Ranch’s website.

Map Location click here.

Privato Winery and VinyardPrivato Vineyard & Winery is the only Kamloops winery not on the South Thompson River. This vineyard is nestled in the rural part of Westsyde, located on the west shore of the North Thompson River. The owners of Woodward’s Tree Farm decided in 2010 to use part of their 88 acres to start their own winery. Privato is located only 25 minutes from Downtown Kamloops or a quick five minutes from the Save-On-Foods in Westsyde. Privato and Woodwards Tree Farm is a great place to visit and is often bustling throughout the year. When visiting Privato you can enjoy a personalized wine tasting, take time to enjoy the scenery and have a lovely picnic on their grounds or in the wine garden. Privato is located in rural Westsyde but is very close to the residential areas of Westsyde. The McLure Ferry which runs seasonally allows for quick access off of the Yellowhead Highway #5 and from the community of McLure.

Click here to view Privato’s website.

Map Location click here.

Sagewood Estate WinerySagewood Winery planted their vines in 2005. Family owned and run, they specialize in artisan wines hand crafted in their on-site winery. Located on the North Shore of the South Thompson River, Sagewood is a smaller scale vineyard nestled into the hillside with gorgeous scenery. Sagewood is located 20 minutes from the heart of Kamloops east of the LaFarge Bridge. Rivershore Golf Links neighbouhood is located less than a five minute drive from Sagewood and most homes in Rivershore are walking distance to this winery. Other neighbourhoods such as Campbell Creek, Dallas and Barnhartvale are also within a ten minutes drive of this lovely winery. Other properties along the South Thompson River are all very close to this destination.

Click here to view Sagewood’s website.

Map Location click here.

We expect that new vineyards and wineries will pop up around Kamloops in the coming years. Land in Kamloops is a bit less expensive than other wine producing regions in BC, making it a desirable place to start a vineyard. Some speculative buying has occurred in the region in hopes that the land will appreciate in time as it becomes more scarce. There are still large chunks of property available for sale.

To learn more about the neighbourhoods mentioned here or other areas of Kamloops Click here.

Click here to explore the many homes for sale throughout Kamloops.

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