Author: Kirsten Mason

Provincial Housing Market on a Record-Setting Pace: BCREA 2021 Second Quarter Housing Forecast

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

Vancouver, BC – May 5, 2021. The British Columbia Real Estate Association (BCREA) released its 2021 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 per cent to 100,150 units.

“Home sales across the province are on pace to shatter previous records,” said Brendon Ogmundson, BCREA Chief Economist. “However, there are early signs that markets are calming from the frenetic pace of recent months and could balance out over the second half of this year.”

Many markets, especially those outside of major metro areas, remain very low on supply. As a result, market conditions are extraordinarily tight and prices are rising rapidly. We are forecasting a 14.3 per cent rise in the MLS® average price this year, followed by a further 3.1 per cent in 2022.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

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BC Markets Calming but Sales Still on Record Pace, BCREA

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

Vancouver, BC – May 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 13,683 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2021, an increase of 312.3 per cent over April 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy. The average MLS® residential price in BC was $946,606, a 29.1 per cent increase from $733,330 recorded in April 2020. Total sales dollar volume was $12.9 billion, a 432.2 per cent increase from last year.

“Although provincial home sales were down slightly from an all-time high in March, sales activity was the highest on record for April,” said BCREA Chief Economist Brendon Ogmundson. “Home sales continue on a record pace, though we do see a calming environment compared to the frenzied activity of recent months.”

Total active residential listings were down 14.5 per cent year-over-year in April but did tick higher on a seasonally adjusted basis for the second consecutive month as new listings activity ramped up.

“We are starting to see very strong new listings activity in several markets,” said Ogmundson, “however, it will take quite some time for total listings to return to the level needed to balance out markets and temper growth in home prices.”

Kamloops District Real Estate Associations Statistics For April 2021

Kamloops Real Estate Statistics

The Kamloops District Real Estate Association has released the latest Statistics for April 2021. Click on the image below to enlarge or PDF documents included in the links below.

Comparative Analysis - Kamloops Real Estate Statistics April 2021

PDF: Comparative Analysis – April 2021

MLS Activity - Kamloops Real Estate Statistics April 2021

PDF: MLS Activity – April 2021

Sales by Sub Area - Kamloops Real Estate Statistics April 2021

PDF: Sales by Sub Area – April 2021

Sale by Sub-Area Out of Town - Kamloops Real Estate Statistics April 2021
Sale by Sub-Area Out of Town - Kamloops Real Estate Statistics April 2021

PDF: Sale by Sub-Area Out of Town – April 2021

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here.

New Listing: 2345 Regent Place, Aberdeen, Kamloops, BC $734,900

Aberdeen

New Listing: 2345 Regent Place, Aberdeen, Kamloops, BC $734,900. Meticulously maintained Aberdeen home sitting in a quiet cul-de-sac with private yard and views.

This home features hardwood floors throughout the main floor. There is a vaulted ceiling in the living room to take in the beautiful river valley views. The living room and dining room spaces are open to one another. The kitchen features tons of storage space, eat in nook area and is open to the family room which walks out to the back yard. There are 3 bedrooms on the main floor, a 4 piece main bathroom and a 4 piece ensuite. The primary bedroom has tons of space and has potential to create an even larger ensuite if one desires that.

The basement level includes a den or office off the main entry, laundry room, huge family room, 4th bedroom and 4 piece bathroom. The yard is very private, is fully fenced and irrigated. There is a covered deck off of the family room and a second deck to enjoy the sun.

The yard is a pie shape so there is a good amount of grassy space for kids or pets. There are views of the hillside from the yard and back gate access to Pacific way, perfect if you have children attending that school. Other features include flooring updates, hot water tank updated, all appliances included. There is not a separate entry to the basement for a suite, but could possibly change a window to a door?

Showing schedule as follows: April 29 4:30-7, April 30 10-6, May 1 10-4, May 2 11-3. Offers must be received by: May 3, 2021 at 11am.

Click Here to view more photos of this home.

To view all homes for sale in Kamloops click here.

To view more about the neighborhood click here.

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