Pandemic Halts Sales Activity in March, BCREA

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

Vancouver, BC – April 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2020, an increase of 17.2 per cent from March 2019. The average MLS® residential price in BC was $789,548, a 15.1 per cent increase from $685,892 recorded the previous year. Total sales dollar volume in March was $5.3 billion, a 35 per cent increase over 2019.

“Provincial housing markets started the month very strong before the COVID-19 pandemic put a halt to activity,” said BCREA Chief Economist Brendon Ogmundson. “Activity will slow considerably in April as households and the real estate sector implement measures necessary to mitigate the spread of this virus.”

“While we don’t know when this unprecedented period will end, markets will be boosted by pent-up demand and historically low interest rates when it does,” added Ogmundson. “The ultimate strength of the recovery will depend on how long the economy remains effectively shut down, as well as the efficacy of federal and provincial measures to bridge households through the financial difficulties brought on by the pandemic.”

Year-to-date, BC residential sales dollar volume was up 37.1 per cent to $12.9 billion, compared with the same period in 2019. Residential unit sales increased 21.7 per cent to 16,866 units, while the average MLS® residential price was up 12.6 per cent to $763,031.

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New Listing: 4912 Woodland Court, Barnhartvale, Kamloops, BC, $629,900

Barnhartvale

4912 Woodland Court, Barnhartvale, Kamloops, BC, For SaleNew Listing: 4912 Woodland Court, Barnhartvale, Kamloops, BC, $629,900. Spectacular views from this 4 bedroom 3 bath Barnhartvale home situated in a quiet cul-de-sac on a large .36 acre lot. This home is immaculate and move-in ready!

The kitchen has stainless steel appliances, pantry, an island with eating bar and leads to the living room with high quality hardwood flooring, gas fireplace and expansive windows that showcase the breathtaking views.  The main floor laundry room has plenty of space for a freezer.  The master bedroom has a walk-in closet and luxurious 4 piece ensuite with a separate soaker tub and shower.  The bedroom off the front entrance has a vaulted ceiling and would make a perfect office.

The basement is bright with many windows and features a very large rec room, 1 bedroom, a hobby room, a den, a 4 piece bathroom and plenty of storage.  The large hobby room could easily be a 5th bedroom.  There is also access out to the back yard and patio.  Relax or entertain on the wrap around deck!  All appliances, c/vac, gas barbeque hook-up, heat pump and A/C included.  This property has potential for a shop below and has a flat driveway with RV parking. Truly a gorgeous home and neighborhood.

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New Listing: 4101 Shuswap Rd E, South Thompson Valley, Kamloops, BC, $1,149,000

South Thompson Valley

New Listing: 4101 Shuswap Rd E, South Thompson Valley, Kamloops, BC, $1,149,000. This beautiful waterfront executive ranch style home with full basement is situated on just over 13 acres and is a must see.

The home has had numerous updates including the kitchen with 2 pantries, all new black stainless steel appliances, granite counter tops including island and laminate flooring through most of the main level. The open floor plan is perfect for entertaining and enjoying the amazing views from every room. The huge master bedroom has laundry conveniently located right in the spacious en-suite and has a 2nd possible location with water hook ups in the basement.

The attached garage is almost 2000 sq.ft with 12 ft. ceilings and is a mechanics dream with 4 over sized doors, room for 5 vehicles or all of your toys and tools. Outside has a lot of flat RV and trailer parking. The basement is partially finished and the rest is a big open space awaiting your finishing ideas (games room/ home theater).

This home is heated and cooled with very efficient geothermal that you set and forget keeping the home a nice consistent temperature. This home has it all, u/g irrigation, central vac, surround system, cold wine room and tons of storage. Outside there is mature landscaping with fruit trees, vegetable gardens, shade trees and rich soil that everything grows well in. The front field is currently set up for growing hay and has a couple of fenced pasture spaces for animals. Plenty of water with licences for irrigation and domestic use

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New Listing: 1610 Slater Ave, Brocklehurst, Kamloops, V2B 4K4, $519,900

Brocklehurst

1610 Slater Ave, Brocklehurst, Kamloops Real Estate SoldNew Listing: 1610 Slater Ave, Brocklehurst, Kamloops, V2B 4K4, $519,900

This beautifully updated home sits on a large corner lot in Brock. The home has a gorgeous kitchen with high-end stainless steel appliances including a gas range, plus tons of cupboards, drawers and counter space. The spacious living room has a gas fireplace and is open to the dining room. There is access to the covered deck with glass rail to make the most of the view and enjoy the sun. Also on the main floor are two good sized bedrooms and a full bathroom with double vanity.

The basement has suite potential and features an additional large bedroom and a family room with a second gas fireplace. There is also a good-sized laundry room and 2 piece bathroom with the possibility to take some space from the laundry room to add a shower.

There is a single car garage plus driveway and RV parking. The yard offers plenty of space for kids or pets to play and has underground sprinklers. Great central location close to shopping, amenities, parks and Rivers Trail.

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