Kamloops Real Estate Activity in May, 2009

Real estate property listings in the Kamloops and district real estate association (KADREA) went from 2865 in April to 1850 in May. This shows the sales-to-active listings are getting closer to a balanced market. In the KADREA, residential home listings decreased from 950 to 642 and condo townhouse listings decreased from 266 to 187.

The residential median price in Kamloops real estate in May dropped from $332,000 to $328,000. There were 20 sales in the $400 - $439,000 range. There was an overall increase in sales between the $360 - $519,000 price range. The $240 - $279,000 price range only had 26 sales in May compared to 31 sales in April.

In Kamloops, Brock and Westsyde had the largest increase in sales. Both areas combined for 47 sales. Sahali and Aberdeen combined had 49 sales. Most of those sales were in the $320 - $359,000 price range. Pineview Valley only had 19 sales compared to 26 in April.

Optimism in the Kamloops Real Estate Market for April 2009

Sales in the Kamloops real estate market increased by 30% in April. In the $300 - $399,000 range, sales increased from 11 to 27. The $240 - $279,000 real estate range had 31 sales compared to 8 in March. Even the $600,000 and above price range had 6 sales.

The median price for KADREA real estate also increased to $307,000. The actual real estate median price in Kamloops increased from $315,000 to $332,000.

Sahali had the largest increase in sales from 14 to 24. Bachelor Heights, Aberdeen, Brocklehurst, the North Shore, and Barnhartvale contributed to the overall sales increase in the Kamloops area.

Apartment real estate property listings doubled to 102 in April.

Canadian Real Estate Review - Kamloops Real Estate - March 2009 Review

Real estate sales in Kamloops did increase by 76% in March compared to February. The median prices in the Kamloops area increased to $304,250. That’s an $8,250 increase.

Sales were up in the $360 - $399,000 range, doubling to 19 sales in March. In the $400 - $439,000 range, sales increased by 5 times the amount in February. These two real estate price ranges are generally the first to be affected by a slower economy. Constant sales in the $200 - $319,000 range were achieved. That price range represented more than 50% of the overall sales in March.

The largest increase in Kamloops real estate sales came from the Aberdeen area, increasing from 5 to 18. Other areas in Kamloops including South Kamloops and Westsyde increased to 17 sales, while the North Shore and Brocklehurst areas also contributed.

Sales for residential homes in Kamloops increased by 60% while sales for townhouses and apartments doubled.

Kamloops, BC Real Estate February Review at Snap Up Real Estate Canada

Real estate sales are going up while the prices are going down. This is a good time for home buyers looking for a new home. The average price of homes in the Kamloops area has decreased from $322,500 in January 2009 to $294,000 in March 2009.

The price of homes dropped due to an increase in sales between the $240,000 - $319,000 range. Sales also increased in the $520,000 - $559,000 price range.

Overall, real estate sales in Kamloops increased by 46% to a total of 92 homes sold. Compared to 2008, that’s still much lower when 229 homes were sold in the same month. 8% more homes have been listed for sale in the Kamloops area in February. More lots for new homes have also increased to 370.

The top area in Kamloops for sales in February was Sahali with 12 homes sold. Find homes for sale on the Kamloops real estate page on Snap Up Real Estate Canada.