Kamloops Real Estate Blog

BC Homes Sales to Post Strong Recovery in 2021: BCREA 2020 Second Quarter Housing Forecast

June 10, 2020 Kirsten Mason B.C. Real Estate News, Kamloops Real Estate Statistics

Vancouver, BC – June 10, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to approximately 61,000 units this year, after recording 77,347 residential sales in 2019. MLS® residential sales are forecast to increase 45.3 per cent to 88,500 units in 2021.

“The bright outlook for 2020 home sales has been upended by the COVID-19 pandemic and resulting recession,” said Brendon Ogmundson, BCREA Chief Economist. “However, as the economy “re-opens” and measures to mitigate the spread of COVID-19 are gradually eased, we expect home sales will start to rebound, aided by record-low mortgage rates and pent-up demand.”

The impact of the current pandemic and associated recession on prices is largely determined by the reaction of supply. Given the unusual nature of COVID-19, the supply of listings for sale has declined for at least the first few months of the pandemic. A muted rise in for-sale inventory may translate to home prices remaining relatively firm in 2020. We are forecasting the provincial MLS® average price to finish the year up 1.8 per cent and to increase a further 5.6 per cent in 2021.

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: 1523 Assiniboine Road, Sahali, Kamloops, BC $759,900

June 3, 2020 Kirsten Mason Sahali

New Listing: 1523 Assiniboine Road, Sahali, Kamloops, BC $759,900. Custom designed level entry home with over 1600 square feet of living space on the main floor, a number of updates and gorgeous yard that backs on to a greenspace.

This home features lots of living space on the main floor including a large living room and dining room. Along with family room that has an open floor plan with the kitchen and nook areas. There is access out of the patio doors to the back yard and patio space. There are 3 good sized bedrooms on the main floor, a 4 piece bathroom and laundry room with access to the 2 car garage. The basement level features a huge family room with party bar. With additional bedroom, awesome workshop, 3 piece bathroom, lots of storage and a mud room area with separate outside access. Suite potential.

The gorgeous fully fenced, irrigated and landscaped yard is meticulously maintained. There is a gate out of the back of the yard with additional landscaping and access to the trail system. Upgrades in this home include: central a/c 2017, exterior house painted 2008, interior paint 2011, hardwood and tile upgraded 2011, roof 2015 (30 yr shingle), hot water tank 2015, driveway water line 2015, appliances and more. This home is beautifully cared for and has only had one owner. Located minutes to shopping, transportation and city amenities. Great cul-de-sac location!

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Kamloops District Real Estate Associations Statistics For May 2020

June 2, 2020 Kirsten Mason Kamloops Real Estate Statistics

The Kamloops District Real Estate Association has released the latest Statistics for May 2020. Click on the image below to enlarge or PDF documents included in the links below.

PDF: MLS Activity – May 2020

PDF: Comparative Analysis – May 2020

PDF: Sales by Sub-Area – May 2020

PDF: Sales by Sub-Area Out of Town – May 2020

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here.

New Listing: 4733 Gibbs Road, Barriere, BC $424,900

June 1, 2020 Kirsten Mason Barriere

New Listing: 4733 Gibbs Road, Barriere, BC $424,900. Immaculate and updated Barriere home with large 2 car attached garage, workshop and great private location in Greentree Estates.

This home is at the end of Gibbs right beside forested area and the Barriere River lending it a ton of privacy. There are a number of updates throughout this home including windows, hardwood flooring, roof, bathrooms, light fixtures, trim, paint inside and out, wood burning stove and more.

This 4 level split design has 3 large bedrooms on the top floor with a full 4 piece bathroom and 2 piece ensuite. The main floor has a large kitchen which is open to the dining room and family room. There is a large living room with lots of windows for natural light. The family room has a 3 piece bathroom and bedroom off of it with access to the 29’9 x 21’7 garage. The basement level is partially finished with large games room, storage room with wood burning stove and cold room. There is access off of the main family room to a private deck and yard space. There is a private deck where you can enjoy the sounds of nature and the river off of the dining room as well.

The yard is beautifully landscaped with tons of grass space for the whole family. There is a large detached workshop and additional storage shed in the yard. Tons of room for parking with RV parking. Located minutes from Barriere amenities, shopping and services. Enjoy the outdoors with numerous lakes nearby, golf and so much more!

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