BC Real Estate Association (BCREA) Deputy Chief Economist Brendon Ogmundson discusses the October 2018 statistics.
The Kamloops market is still active but we have seen a decline in the number of unit sales year over year by 21.3%. However, there was an increase in the average price year over year by 16.3%.
This weekend’s open houses will be held in Juniper Heights and Aberdeen. Addresses, dates and times are included with each listing below. Contact us if you have any questions or would like to schedule a private showing.
1418 Emerald Drive, Juniper Ridge.
Saturday, November 17th, 2018: 1:00-3:00pm.
Listed for $624,800. Link to information about this home.
1577 Emerald Drive, Juniper Heights.
Saturday, November 17th, 2018: 1:00-3:00pm.
1583 Emerald Drive, Juniper Ridge.
Saturday, November 17th, 2018: 1:00-3:00pm.
Listed for $669,900. Link to information about this home.
104-794 Dunrobin Drive, Aberdeen.
Saturday, November 17th, 2018: 11:30-1:00pm.
Listed for $449,900. Link to information about this home.
101-1323 Kinross Place, Aberdeen.
Sunday, November 18th 2018: 1:00-3:00pm.
Listed for $434,900. Link to information about this home.
Vancouver, BC – November 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in October, down 26.2 per cent from the same month last year. The average MLS® residential price in BC was $690,161, a decline of 4.1 per cent from October 2017. Total sales dollar volume was $4.2 billion, a 29.3 per cent decline from October 2017.
“The BC housing market continued to grapple with tougher mortgage qualifications in October,” said Cameron Muir, BCREA Chief Economist. “However, more moderate consumer demand has led to a much-needed increase in the supply of homes for sale.”
Total active residential listings were up nearly 30 per cent to 36,195 units in October, compared to the same month last year. While the BC housing market exhibited balanced conditions overall in October, market conditions do vary between regions and by product type.
Year-to-date, BC residential sales dollar volume was down 22.1 per cent to $49.7 billion, compared with the same period in 2017. Residential unit sales decreased 22.8 per cent to 69,664 units, while the average MLS® residential price was up 1 per cent to $713,662.
New Listing: 670 Columbia Street, South Kamloops, BC $384,900. Cute downtown Kamloops charmer. This home has over 1,000 square feet on the main floor with original hardwood flooring and 9 foot ceilings throughout. There is a large living room, 3 bedrooms, 4 piece updated bathroom and main floor laundry. The basement is ready for your ideas and has full height ceilings.
There is a detached garage with lane access and a really nice sized mostly fenced yard. Located steps to downtown amenities, transportation, schools and hospital. Perfect for an investor, first time home buyer or downsize! Day before notice for showings.