Author: Kirsten Mason

Surprisingly Strong Recovery to Propel Housing Market in 2021: BCREA 2020 Third Quarter Housing Forecast Update

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

Vancouver, BC – August 25, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 6.5 per cent to 82,380 units this year, after recording 77,351 residential sales in 2019. MLS® residential sales are forecast to increase 17.6 per cent to 96,860 units in 2021.

MLS Residential Sales BC Unit Sales by Region August 2020 Kamloops Real Estate Statistics Information

“The outlook for the BC housing market is much brighter following a surprisingly strong recovery,” said Brendon Ogmundson, BCREA Chief Economist. “We expect home sales will sustain this momentum into 2021, aided by record-low mortgage rates and a recovering economy.”

With home sales more than fully recovered and now above pre-COVID-19 levels, combined with a decline in the supply of re-sale listings driven by the pandemic, many markets are now seeing sharply rising average prices despite a weak provincial economy. We are forecasting the provincial MLS® average price to finish the year up 7.7 per cent and to increase a further 3.7 per cent in 2021.

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New Listing: 3048 Westsyde Rd, Westsyde, Kamloops, BC, $697,000

Westsyde

3048 Westsyde Rd, Westsyde, Kamloops Real Estate Sold

New Listing: 3048 Westsyde Rd, Westsyde, Kamloops, BC, $697,000. Centrally located Westsyde home with so much to offer.

6 bedroom, 4 bathroom home that is just under 3,000 square feet and a full 2 bedroom legal suite. The home features a large main entry with high ceilings. There is a bedroom off of the main entry and a 3 piece bathroom. The main floor has an open great room floor plan with 9 foot ceilings throughout. There is a large kitchen with stone counters and appliances included. There are 3 large bedrooms on the main floor. The master includes a large walk in closet and ensuite. There is a huge deck off of the main living space that overlooks the partially fenced yard and hillside views.

The basement suite has a separate side entry. There is a large kitchen with an open floor plan. The suite includes 2 bedrooms, separate laundry and a 4 piece bathroom. Other features and inclusions: window coverings, 2 furnaces, central a/c, main floor appliances included with a natural gas range, 2 gas meters and drive through access to the back yard with room to put a workshop. Expected completion end of October. Easy to show.

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New Listing: 3472 Navatanee Dr, South Thompson Valley, Kamloops, BC, $574,900

South Thompson Valley

3472 Navatanee Dr, South Thompson Valley, Kamloops Real Estate Sold

New Listing: 3472 Navatanee Dr, South Thompson Valley, Kamloops, BC, $574,900. Tastefully updated Rivershore home backing on to the golf course with beautiful views of the course and hillside.

This home features updated flooring throughout. There is a large foyer on entering that leads to the large kitchen with centre island and lots of storage space. The kitchen space is open to the family room with gas fireplace. There is a stunning living and dining room space with stone fireplace, vaulted ceilings and two levels of windows that overlook the gorgeous views. There is access to a patio off of the dining room which has stair access to the back yard. There is also a 2 piece main floor powder room. The top level features 3 large bedrooms including a master suite with 4 piece updated ensuite. There is an additional 4 piece bathroom for the kids or guests on the top level.

The basement level is partially finished and wouldn’t take much to complete. There is a laundry room, large storage room, utility room with updated furnace 2009 and hot water tank 2015 as well as a large family and games room space. The basement could easily accommodate a 4th bedroom and family room. There are rough-ins for a bathroom, the bathroom space is already framed and drywalled. The basement level walks out to the bottom covered patio and large, flat yard. The yard is partially fenced on the sides and owners are permitted to fence the back but it can not be a solid fence material. This is a great family home with so much to offer!

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New Listing: 36-800 Valhalla Drive, Brocklehurst, Kamloops, BC, $344,900

Brocklehurst

36-800 Valhalla Dr, Brocklehurst, Kamloops Real Estate Sold

New Listing: 36-800 Valhalla Drive, Brocklehurst, Kamloops, BC, $344,900. Complete home makeover!

This townhouse has been substantially renovated and remodelled you must see it to appreciate how beautiful all the updates are. Upon entering there is a foyer with a large family room off to the right. The family room features a built in desk area great for a home office.

Up the stairs to the main floor the floor plan has been opened up and features a great room plan with brand new kitchen including new appliances and beautiful cabinetry. There is a good sized dining and living room area with custom shelving in the living room nook for all of your extras.

The main floor includes 2 good sized bedrooms, the master bedroom features a custom feature wall and large closet. There is a 5 piece main bathroom that has been completely redone. There is access off of the kitchen to the back yard space with storage shed.

The basement level includes a 3rd bedroom and brand new 3 piece bathroom with walk in shower. There is room for a stacker washer and dryer in the basement.

Upgrades throughout include: all flooring, paint, windows, light fixtures, electrical has been pigtailed, kitchen, bathrooms, front door, closet organizers, furnace and hot water tank. There is a double tandem carport and two additional parking spots. The yard is fully fenced and has brand new sod. Gorgeous home that is nearly brand new!

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