Vancouver, BC – January 23, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 First Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 10.3 per cent to 85,290 units this year, after recording 77,349 residential sales in 2019. MLS® residential sales are forecast to increase 6.3 per cent to 90,700 units in 2021.
“The outlook for home sales in 2020 is considerably brighter than the past two years,” said Brendon Ogmundson, BCREA Chief Economist. “Momentum carried through from the end of 2019 to 2020 will put the housing market on more solid footing, aided by low interest rates and an improving economy.”
While demand is recovering, the supply of homes for sale has not managed to keep pace. New listings activity did not materially increase during the downturn in home sales, and total inventory did not accumulate to the same extent as in prior slowdowns. As a result, market conditions around the province are tightening and home prices will likely face upward pressure as demand continues to firm. In 2020, we expect the MLS® average price will rise 4.8 per cent to $734,000.
Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.
This weekend’s Kamloops open house will be held in Aberdeen. Address, dates and times are included with each listing below. Contact us if you have any questions or would like to schedule a private showing.
123-1323 Kinross Place, Aberdeen Saturday, February 1st & Sunday, February 2nd
1:00pm to 2:30pm
Listed for $433,690. Link to information about this home.
Sienna Ridge is an adult oriented gated community is located on the South Thompson River at the foot of Sun Rivers and minutes from Downtown Kamloops.
Contact us for more information or to set up a private viewing.
This gated community features detached rancher style homes with two bedrooms on the main level including the master bedroom with full ensuite and walk in closet. There is an open great room floor plan with high ceilings and lots of windows for natural light. The view from many of the units is breathtaking! There are many gorgeous upgrades in each home with quartz counter tops throughout the main floor not only in the kitchen but also the bathrooms. Each home includes all 6 appliances and features main floor laundry with a dedicated laundry room, not a laundry closet! Two car garage and a full sized driveway to park those oversized pick up trucks. Click here to view the feature sheet.
Once complete this adult oriented gated community will house over 110 units. There will be beautiful landscaping throughout Sienna Ridge with walkways that reach the rivers edge as well as a community garden. There will also be RV storage for those buyers who need a place to park their boat or RV.
Other great features of this development include: fully gated, pet friendly with no pet restrictions (city rules apply), yard space that can be fenced, Home Owner Association fees (strata) of $404.07 per month which includes water, sewer, garbage and recycling pick up, snow clearing and all lawn maintenance. You also get the benefit of freedom at Sienna Ridge. Each owner is permitted to add extra landscape features to their own property, xeriscape, more trees, shrubs or flowers; no problem!
This development is perfect for the lock and go lifestyle, Sienna Ridge is fully gated for security and all the outside maintenance is taken care of. Save the taxes! There is not any GST presently charged on these homes.
New Listing: 647 Hemlock Street, South Kamloops, Kamloops, BC, $549,900. Beautifully renovated 3-bedroom, 2 bath, South Kamloops home with spacious open floor plan and gorgeous views. Updated inside and out!
This home has a stunning kitchen with shaker cabinets and a gas range. The main bathroom has double sinks and many built-in cupboards. There is a convenient mud room off the front entrance. The upstairs office has its own private deck! Enjoy the views and quiet coffee time or entertain on your own rooftop patio. The basement has a separate entrance to a large laundry room, 3 piece bathroom, bedroom, rec room, and storage areas. Ideal in-law suite potential! Includes all appliances and c/air.
This home nicely landscaped and has a fully fenced yard with lilac bushes, apple tree, garden area, large patio, shed, and underground sprinklers. Park up to 5 vehicles plus RV parking. Excellent location with walking distance to TRU, RIH, and downtown. Be sure to book your showing soon!
