Kamloops District Real Estate Associations Statistics For August 2022

The Association of Interior Realtors has released the latest Statistics for August 2022. Click on the image below to enlarge or PDF documents included in the links below

Analysis of MLS Activity Kamloops Real Estate Statistics - Aug 2022

PDF: Analysis of MLS Activity – Aug 2022

Comparative Analysis by Property Type Kamloops Real Estate Statistics - Aug 2022

PDF: Comparative Analysis by Property Type – Aug 2022

Residential Sales by Sub-Area Kamloops Real Estate Statistics- Aug 2022

PDF: Residential Sales by Sub-Area – Aug 2022

Residential Sales by Sub-Area (Out of Town) Kamloops Real Estate Statistics- Aug 2022
Residential Sales by Sub-Area (Out of Town) Kamloops Real Estate Statistics- Aug 2022

PDF: Residential Sales by Sub-Area (Out of Town) – Aug 2022

Residential Sales by Sub-Area (Out of Town) Kamloops Real Estate Statistics Kamloops Real Estate and Statistics - Aug 2022
Residential Sales by Sub-Area (Out of Town) Kamloops Real Estate Statistics Kamloops Real Estate and Statistics - Aug 2022

PDF: Statistic Summary – Aug 2022

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here.

Higher Mortgage Rates Will Slow Housing Activity in BC Through 2023

BCREA 2022 Third Quarter Housing Forecast Update

Vancouver, BC – September 8, 2022. The British Columbia Real Estate Association (BCREA) released its 2022 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 34.4 per cent from a record high 2021 to 81,900 units this year. In 2023, MLS® residential sales are forecast to fall an additional 5 per cent to 77,790 units.

“Mortgage rates have risen at a much faster rate and to a higher level than previously anticipated,” said BCREA Chief Economist Brendon Ogmundson. “Faced with a dramatic shift in the cost of borrowing, housing market activity is likely to fall well below normal over the next year.”

Weaker sales and rising inventory mean that some regions, largely in more expensive markets, have tipped into buyers’ market territory. Consequently, average MLS® home prices have come down from peak levels.

While the housing market is currently feeling the weight of higher interest rates, the downturn is unlikely to be long-lived as BC’s strong population growth combined with extremely favourable demographics means there will be no shortage of demand for housing in the province.

To view the BCREA Housing Forecast Update PDF, click here.

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

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.

BC Home Sales Continue to Slow in July, BCREA

Vancouver, BC – August 11, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,572 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2022, a decrease of 42.4 per cent from July 2021. The average MLS® residential price in BC was $923,449, a 3.6 per cent increase from $891,376 recorded in July 2021. Total sales dollar volume was $5.1 billion, a 40.3 per cent decline from the same time last year.

“High mortgage rates continued to lower sales activity in July,” said BCREA Chief Economist Brendon Ogmundson. “Many regions around the province have seen sales slip to levels well below normal for this time of year.”

As the pace of sales activity declines below normal levels, inventory is accumulating. Provincial active listings rose 28 per cent year-over-year, though from a very low level in July 2021. Inventories remain quite low, but the slow pace of sales has tipped some markets into balanced or even buyers’ market territory.

Year-to-date, BC residential sales dollar volume was down 20 per cent from the same period in 2021 to $58.7 billion. Residential unit sales were down 29.3 per cent to 56,801 units, while the average MLS® residential price was up 13.2 per cent to $1.03 million.

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

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.

Kamloops District Real Estate Associations Statistics For July 2022

The Association of Interior Realtors has released the latest Statistics for July 2022. Click on the image below to enlarge or PDF documents included in the links below.

Analysis of MLS Activity Kamloops Real Estate Statistics - July 2022

PDF: Analysis of MLS Activity – July 2022

Comparative Analysis by Property Type Kamloops Real Estate Statistics - July 2022

PDF: Comparative Analysis by Property Type – July 2022

Residential Sales by Sub-Area Kamloops Real Estate Statistics - July 2022

PDF: Residential Sales by Sub-Area – July 2022

Residential Sales by Sub-Area (Out of Town)
Residential Sales by Sub-Area (Out of Town)

PDF: Residential Sales by Sub-Area (Out of Town) – July 2022

Statistic Summary Kamloops Real Estate Statistics - July 2022
Statistic Summary Kamloops Real Estate Statistics - July 2022

PDF: Statistic Summary – July 2022

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here.

1 2 3 92