BCREA: Pent-up Demand Continues to Build as Sales Remain Slow

Vancouver, BC – April 15, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 6,460 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in March 2024, a decline of 9.5 per cent from March 2023. The average MLS® residential price in BC in March 2024 was up 6.5 per cent at $1.02 million, compared to an average price of $958,051 in March 2023. The total sales dollar volume was $6.6 billion, a decrease of 3.6 per cent from the same time the previous year.

“March capped off a slow start to the first quarter of 2024,” said BCREA Chief Economist, Brendon Ogmundson. “Despite a steep decline in fixed mortgage rates, buyers appear to be waiting on the Bank of Canada to lower its policy rate before jumping back into the market.”

Year-to-date, BC residential sales dollar volume was up 13 per cent to $15.8 billion, compared with the same period in 2023. Residential unit sales were up 6.4 per cent to 15,938 units, while the average MLS® residential price was up 6.5 per cent to $995,149.

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“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information

New Listing: 8 Edward St, North Kamloops, BC $194,900

New Listing: 8 Edward St, North Kamloops, BC $194,900. Nestled in the vibrant community of Kamloops, BC, this fully updated 2 bedroom, 1 bathroom mobile home offers a wonderful blend of comfort and convenience.

Situated just a stone’s throw away from the picturesque MacArthur Island and the serene riverfront walking trails, this property provides an idyllic setting for nature lovers and outdoor enthusiasts alike. Step inside to discover a recently renovated interior boasting newer flooring, windows and appliances throughout.

The updated kitchen offers any chef ample space for meal preparation, and entertaining. The open living area is bathed in natural light, creating a warm and inviting atmosphere. Down the hall you will find 2 generous sized bedrooms, a full 4pc bathroom and the laundry.

Off the sliding door you’ll find a newer deck that provides the ideal setting for outdoor living with plenty of space to BBQ and set up a relaxing sitting area. The fenced yard offers plenty of room for children or pets to roam and play, while a convenient shed provides additional storage space for your outdoor gear and tools.

Located close to shopping amenities, parks, and recreational facilities, this property offers the perfect balance of urban convenience and natural beauty. Don’t miss this opportunity, book your showing now! Quick possession possible.

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New Listing: 2010 Glenmohr Dr, Aberdeen, Kamloops, BC, $1,174,900

New Listing: 2010 Glenmohr Dr, Aberdeen, Kamloops, BC, $1,174,900. Stunning Glenmohr Estates home in sought after Aberdeen, featuring a kitchen to die for, beautiful updates throughout the home and a huge lot with sweeping views.

Enter the private driveway with a number of trees lending this home lots of privacy. The main porch area is very cute with a nice seating area overlooking the front property. The main entry is large and inviting, it is open to the second floor of the home. Off of the main entry there is a dining room with a cozy gas fireplace and large windows, which leads to the sprawling kitchen, there is so much counter and cabinet space you may not have enough to fill it! Beautiful appliance package in the kitchen featuring high-end stainless-steel appliances including a beverage fridge (Subzero fridge/freezer, Wolfe double wall ovens, stove & microwave, KitchenAid dishwasher). The kitchen is open to the dining room space, family room with gas fireplace, built in cabinetry and the entire space overlooks the patio and yard. Walk off the dining room to a couple large patios perfect for entertaining. Enjoy the babbling waterfall and stream running in the yard while you take in the sweeping city and river valley views. From the family room it wraps around to the entry again which also has a 2-piece powder room, laundry room which leads to the 2-car garage and separate yard entry.

The second level of this home includes 3 bedrooms. The primary suite once was 2 bedrooms (which would make the 2nd level 4 bedrooms) and could easily be converted back. The primary bedroom has a large ensuite with double sinks, large tiled shower, heated tile floors and walk in closet.  The two other bedrooms have lots of space and there is a 4-piece bathroom on the 2nd level.

The basement level is a partial basement including a family room wired for speakers, 3-piece bathroom, storage and utility room. There is also a large crawl space for all the extras.

The yard itself is fenced and includes a storage shed,  parking for smaller RV or toys as well as it is fully irrigated with hanging basket irrigation. Other features of this home include: 125-amp electrical service with hot tub hook up, 220 volt hook up in garage, Hot water tank 2024, high efficient furnace May 2022, Central a/c 2017, updated garage door, wired for sound throughout the home, natural gas BBQ hook up in back yard, Kohler fixtures throughout the home, most of the home has been recently painted. Such a beautiful property you have to see it to appreciate all of the great features.

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New Listing: 63-1750 Summit Dr, Sahali, Kamloops, BC $359,000

New Listing: 63-1750 Summit Dr, Sahali, Kamloops, BC $359,000. This centrally located townhouse is perfect for a first-time home buyer or investor!

Enter through the main door where you will find an office or storage room. The main floor features a galley style kitchen with ample cabinet space, leading seamlessly into the bright dining room. Adjacent to the dining area is the inviting living room, which opens up to a deck perfect for enjoying the stunning mountain views.

Heading downstairs, you’ll find two good sized bedrooms with new carpet throughout (including the stairs) and a full 4 piece bathroom complete with side by side laundry. The property includes one assigned parking stall with additional parking available.

Conveniently situated close to schools, transportation, and amenities. Upgrades include A/C & furnace (2023), paint, carpet in bedrooms and stairs, windows, hot water tank 2018 and more. Rentals allowed and pets permitted (restricted, no dogs, one cat only).

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