Kamloops Real Estate Blog

Vancouver, BC – October 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2020, an increase of 63.3 per cent from September 2019. The average MLS® residential price in BC set a monthly record of $803,210, a 15.3 per cent increase from $696,647 recorded the previous year. Total sales dollar volume in August was $9.1 billion, an 88.3 per cent increase over 2019.

“The provincial housing market had a record-setting September,” said BCREA Chief Economist Brendon Ogmundson. “Both total sales and average prices were the highest ever for the month of September as pent-up demand from the spring pushes into the fall.”

“Average prices are skewing higher as demand for space during the pandemic drives sales of single-detached homes,” added Ogmundson. Total provincial active listings are still down about 12 per cent year-over-year, with some markets even more under-supplied as the pandemic continues to keep listings low.

Year-to-date, BC residential sales dollar volume was up 25.1 per cent to $49.7 billion, compared with the same period in 2019. Residential unit sales were up 12.5 per cent to 65,023 units, while the average MLS® residential price was up 11.2 per cent to $764,298.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

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BC Real Estate Association (BCREA) has released it’s housing market update. Chief Economist Brendon Ogmundson discusses the August 2020 statistics.

In BC, sales were up 42% year over year. The number of active listings were also down across the province. These conditions have created a Sellers market for the most part in the province. There was significant upward pressure on prices in August with higer demand for single family detached homes. The average price of homes in BC was pushed higher due to the demand for higher valued properties which skewed the average price higher.

Kamloops saw 349 unit sales for the month of August which was a 19.9% year over year increase. The average price also came up 8.3% over last year with an average price of $456,662. At the end of August there were 1,040 active listings which is down 21.9% year over year which equates to 3 months worth of supply on the market.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.