August Home Sales Suggest Impact of Stress Test Fading, BCREA

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

Vancouver, BC – September 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,743 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in August, a 26.4 per cent decrease from the same month last year. The average MLS® residential price in BC was $669,776, down 1.2 per cent from August 2017. Total sales dollar volume was $4.5 billion, a 27.3 per cent decline from August 2017.

MLS Residential Sales August September 2018

“The downturn in housing demand induced by the mortgage stress-test is now largely behind us,” said Cameron Muir, BCREA Chief Economist. “The BC housing market is evolving along the same path blazed by Ontario and Alberta, where the initial shock of the mortgage stress-test is already dissipating, leading to increasing home sales.”

Year-to-date, BC residential sales dollar volume was down 19.9 per cent to $41 billion, compared with the same period in 2017. Residential unit sales decreased 21.3 per cent to 57,674 units, while the average MLS® residential price was up 1.7 per cent to $719,064.

 

New Listing: 898 Cramond Road, Westsyde, Kamloops, BC $539,900

Westsyde

898 Cramond Rd, Westsyde, Kamloops Homes Sold

New Listing: 898 Cramond Road, Westsyde, Kamloops, BC $539,900. Huge Reno! This Westsyde home has had extensive renovations done, is nestled at the end of a quiet street on over a 1/2 acre lot with a gorgeous salt water in ground pool and ultimate privacy backing on to parkland.

The recent upgrades include: flooring, kitchen, furnace & heat pump, roof 2014, facia & soffits 2015, bathrooms 2018, electrical, light fixtures, windows, deck 2017, driveway & parking area 2013, fence 2017. The in ground pool was totally overhauled by Pleasure Pools. The pool is a salt water pool with bench and stairs.

The home itself features a spacious front entry with closet, a large kitchen with stainless appliances, dining room with access to the back yard and bright living room with large bay window. The top level features 3 good sized bedrooms with a fully updated 4 piece bathroom. One of the bedrooms has a French door to patio overlooking the pool. The bottom two levels feature an additional fourth bedroom, den space, storage, laundry and a huge family room.

Virtually nothing to do to this home but move right in! The yard space is separated with a grassy area that is fenced for the kids to play, pool area has a large shed that could be easily converted to an outdoor bar space. Easy to show and quick possession possible.

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New Listing: 412 Monarch Court, Sahali, Kamloops, BC $749,900

Sahali

412 Monarch Court, Sahali, Kamloops Home for Sale

New Listing: 412 Monarch Court, Sahali, Kamloops, BC $749,900. Gorgeous, meticulous Karl Willms designed Sahali home located on a super private 17,395 square foot lot. This two storey style home has sprawling river and valley views from nearly every room of the home.

The main entry has high ceilings and is open to the second level. The living and dining rooms are open with the living room a couple steps down giving the ceiling level more height. The kitchen is open to the family room and eat in nook area. There is access to the large deck with access to the yard space. The top level features 4 large bedrooms with a fully updated 4 piece main bathroom and renovated 3 piece ensuite.

The basement level is unfinished and is ready for your ideas. There’s a separate entry to the basement and potential for an in-law suite. This home has had a number of updates including roof, furnace, hot water tank, central a/c, painted inside and out, updated stone countertops, flooring, appliances. This property features a fenced yard with irrigation throughout the entire property. There are a number of fruit trees and beautiful perennial gardens. There is lots of parking and includes a large two-car garage (26×26) and room to have an RV.

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New Listing: 1103 Pembroke Avenue, North Kamloops, BC $309,900

North Kamloops

1103 Pembroke Ave, North Kamloops, Kamloops Homes Sold

New Listing: 1103 Pembroke Avenue, North Kamloops, BC $309,900. Lovely, meticulously maintained 1/2 duplex on a quiet North Kamloops street. This home has a number of updates throughout including: hot water tank, roof, flooring, furnace, paint inside and out, windows, master ensuite, landscaping, fencing and more.

This home features a nice living space with bonus sunroom. There is a gas fireplace in the living room. There are 3 good sized bedrooms, a 4 piece bathroom and the basement level features a family room, laundry room and storage. The beautifully landscaped yard has two patios to enjoy the outdoor space, a workshop with power, fully fenced corner lot with lane access and room for an RV. Great place to call home.

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