Author: Kirsten Mason

Sold: 109-2575 Elston Drive, Westsyde, Kamloops, BC, $659,900

Westsyde

 

Sold: 109-2575 Elston Drive, Westsyde, Kamloops, BC, $659,900. Basement entry home with full daylight walk out basement, corner lot and backing on to open space.

Located in Oak Hills in Westsyde, this home features a great room open floor plan on the main floor with engineered hardwood . There are 9 foot ceilings throughout the home. The kitchen features stone countertops and lots of cabinetry.

The main floor includes 3 bedrooms a full 4 piece main bathroom and 3 piece ensuite. Off of the living room walk out to the fully covered 12×10 deck with natural gas and beautiful north eastern views.

The basement level is ready for a 1 bedroom inlaw suite. There is a large family room, one bedroom and a full 4 piece bathroom. Rough ins for a second laundry.

Walk out to a second covered patio and yard space. This home has a yard for kids or pets and is located at the end of a cul-de-sac with lots of privacy.

Other features include a double garage that is 19×20 and driveway parking. Located minutes to the Rivers Trail, parks, transportation and a local corner store. Westsyde shopping 5 minute drive and 15 minutes from downtown.

Bare land strata fee is $137/month and includes water and sewer charges. This home comes fully landscaped with irrigation. GST applies. Projected completion by mid-late February.

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BCREA Housing Market Update for April 2021

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

BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundson discusses the March 2021 statistics.

BCREA has released it’s latest Housing Market Update for April 2021. A historical record was set for BC home sales in March which reached 15,073 units passing the record back from May 2016. Lower mainland sales were up 123% over last year. This percentage increase in sales however is a bit misleading as March 2020 BC was in a lockdown due to Covid 19 and April 2020 was still a slow month due to this. Residential listings were down 24.4% year over year which has fueled the market province wide. New listing activity has started to accelerate in response to high prices of homes. Provincially it is a Seller’s market with approximately 1.5 months worth of inventory placing the market strongly in Seller’s market territory. The provincial average for homes rose to $947,707 a record high for BC which is 20.3% year over year. Every region of the province saw a double digit rise in average price and the majority of board areas in the province saw 20% percent year over year increases in average price. A lot of this rise is due to a larger number of higher priced homes selling bringing the average price up.

Kamloops for the month of March 2021 saw 372 unit sales which was an increase of 69.1%. The average price rose to $545,915 which was a 27.5% increase year over year. The number of active listings for the month of March was also down 33% leaving 1.8 months worth of supply of homes for sale. The Kamloops market continues to see Buyers coming from other areas, largely from the Lower Mainland and Fraser Valley regions. Recently I reviewed the statistics for Kamloops and where buyers were coming from. 69.9% of buyers are from the Kamloops and area, Greater Vancouver accounted for 11.8%, Fraser Valley 4.5%, Okanagan and Kootenays 5%, Central and Northern BC 4.3%, Alberta 2.6%, Vancouver Island 1%, rest of Canada 0.7% and US 0.3%. If you take the Lower Mainland, Island and Fraser Valley combined we see that approximately 17.3% of the buyers for Kamloops and area homes are coming from those regions.

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BCREA: Record-Setting Month for BC Homes Sales

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

Vancouver, BC – April 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 15,073 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2021, an increase of 123.3 per cent over March 2020 and a new all-time record for monthly BC home sales. The average MLS® residential price in BC was $947,707, a 20.4 per cent increase from $787,032 recorded in March 2020. It should be noted that average prices across the province are being skewed higher as more expensive single-detached homes remain a higher share of dollar volume during the pandemic. Total sales dollar volume was $14.3 billion, a 168.9 per cent increase from last year.

“Home sales in the province shattered the previous record, led by markets in the Lower Mainland,” said BCREA Chief Economist Brendon Ogmundson. “While mortgage rates have risen in recent months and a modest tightening of mortgage regulations is on the horizon, market activity is expected to remain very strong through the spring.”

Total active residential listings were down 24.4 per cent to 22,337 units in March. The total inventory of homes for sale remains severely depleted, but new listings activity has accelerated in response to high prices.

“While the total supply of re-sale listings remains at crisis levels, many markets saw record new listings activity in March. Strong new listings activity will need to continue for some time before markets will see a healthier balance with less pressure on home prices,” said Ogmundson.

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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New Listing: 236 Gibraltar Crt, Sahali, Kamloops, BC $1,149,000

Sahali

New Listing: 236 Gibraltar Crt, Sahali, Kamloops, BC $1,149,000. Stunning, sprawling views from this level entry home in a desirable lower Sahali cul-de-sac with a large inlaw suite.

From walking in the front door of this home the views will take your breath away. The large foyer opens to the sunken living room with high vaulted ceilings, dining room space and updated kitchen. There is wall to wall to ceiling windows and doors to take in the gorgeous views with access to the large patio. The main floor has a large updated kitchen with stone counters, stainless steel appliances, hardwood flooring throughout and modern finishes. There is access to the garage off the kitchen and a 2 piece powder room plus storage.

The main floor features an amazing master suite with huge delux ensuite featuring a large walk in shower and soaker tub. His and hers sinks with stone counters, water closet and large walk in closet. There is an additional family room, bedroom and den on the main floor that have access between one another but could easily be closed off or made as one. 

The basement level is split between the main home and large inlaw suite. There are 2 additional bedrooms with sweeping views, a full bathroom and huge family room that walks out to the second fully covered patio with wiring for a hot tub. The basement suite includes a large kitchen, living space that also doubles as a bedroom and 3 piece bathroom. The lot for the most part is low maintenance with a lot of perennials and rock gardens.

Other features of this home include tons of wifi controls throughout (lights, front door lock, garage, master bedroom blinds), master ensuite updated 2016, kitchen 2014, suite bathroom 2019, 2 car garage and RV parking. You won’t find another home like this one in Kamloops. Located seconds to local shopping, transportation and all city amenities.

Showings between 1pm to 6:30pm daily and day before notice needed. Longer possession ideal.

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