The Kamloops Real Estate Board residential sales statistics for May 2015 has been released, showing ver similar results, compared to May 2014. The number of single family residential sales is on par compared to last year up being up by 2 units (256 compared to 254 last year). The Kamloops Median Residential Price for single family homes is still $363,000 which is up $31,000 or 0.91% compared to May 2014 - $332,000. While these numbers are still pretty comparable, we feel that the market conditions are very stable and inventory will continue to increase as the weather gets nicer and the market gets busier.
One of the most active areas in May 2015 was Sahali which had 26 sales in May compared to only 18 sales in May 2014. Brocklehurst, North Kamloops, South Kamloops and Barnhartvale all saw an increase of single family residential sales compared to 2014. Sahali is showing strong sales with Juniper Heights and Westsyde both dropping by 7 and 4 sales respectively. I think due in part to the limited selection in various price ranges that are most affordable.
There were total 3043 active listings (including lots, acreages, apartments etc.) in Kamloops at the end of May 2015, which is similar to the number of active listings at the end of May 2014 (3141). Currently there are 791 single family homes for sale in the City of Kamloops.
As mentioned above, the current Kamloops & Area Real Estate Market is stable, while the Canadian Economy is showing no sign of a collapse or further slowing, the Canadian Dollar and oil prices continue to be far below previous years. The links below will offer more detailed data on specific neighborhoods & price points.
In the meantime, we are very pleased with the launch of our new website www.HomesInKamloops.com as it is showing spectacular results. If you haven’t checked the website out, please feel free to stop by and drop us a line if you have any questions regarding the information provided or about the Kamloops Real Estate market. One of our experienced Team Members will be happy answer any of your questions.