Category: Kamloops Real Estate Statistics

Real Estate Statistics For Kamloops And The Surrounding Communities

Strongest May for Home Sales Since 2007, BC Real Estate Association

B.C. Real Estate News, Kamloops Real Estate Statistics
BC Residential Home Sales May 2014

Click to enlarge

Strongest May for Home Sales Since 2007, BC Real Estate Association. Vancouver, BC – June 13, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 8,729 residential sales were recorded by the Multiple Listing Service® (MLS®) in May, up 13.9 per cent from May 2013. Total sales dollar volume was $4.9 billion, an increase of 20.6 per cent compared to a year ago. The average MLS® residential price in the province rose to $565,233, up 5.8 per cent from the same month last year.

“Consumer demand was noticeably stronger last month, with unit sales posting their highest level for the month of May since 2007,” said Cameron Muir, BCREA Chief Economist. “Rock bottom mortgage rates are inducing many would-be home buyers to enter the market this spring.”

“With most BC markets now in balanced conditions, home prices are up in nine of 11 board areas,” added Muir.

During the first five months of the year, BC residential sales dollar volume was up nearly 26 per cent to $18.8 billion, compared to the same period last year. Residential unit sales were up almost 17 per cent to 32,894 units, while the average MLS® residential price was up 7.7 per cent at $571,648.

Housing Demand Forecast to Rise Through 2015, BCREA

Kamloops Real Estate Statistics

Housing Demand Forecast to Rise Through 2015, BCREA. I have included the BC Real Estate Association’s report for this month. BCREA Chief Economist Cameron Muir discuss the April 2014 statistics. Muir points out historically low mortgage interest rates, population growth, employment growth and upturn in net migration are all contributing factors to the increased housing demand. See video below and full article from BCREA is included below the video.

Vancouver, BC – May 15, 2014. The British Columbia Real Estate Association (BCREA) released its 2014 Second Quarter Housing Forecast today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5.2 per cent to 76,700 units this year, before increasing a further 6.7 per cent to 81,800 units in 2015. The five-year average is 75,400 unit sales, while the ten-year average is 84,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.

MLS Residential Sales BC April 2014 Statistics

“BC Home sales are expected to trend higher this year and in 2015, as stronger economic conditions both at home and abroad bolster consumer demand,” said Cameron Muir, BCREA Chief Economist. “While historically low mortgage interest rates are a key market driver, population growth led by a strong upturn in net migration and more robust employment growth are expected to generate additional housing demand.”

The average MLS® residential price for the province is forecast to increase 4.3 per cent to $560,500 this year and a further 2 per cent to $571,500 in 2015. Increasing consumer demand combined with fewer homes for sale has created balanced market conditions in most BC regional markets, resulting in home price appreciation more in line with overall consumer price inflation.

1 … 78 79 80 81 82 … 105