Average home sale price in Kamloops at $530,000

February saw 189 homes change hands, with a median price of $495,000

Nine more homes were sold in Kamloops in February than the in the first month of 2020, but the real upswing is in the number of homes hitting the market — up 30 per cent from January’s figures.

A total of 336 homes hit the market last month, bringing to 936 the number of listed homes for sale. A total of 189 homes were sold.

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“Real estate in Kamloops is showing signs of a healthy spring market. Sales are up modestly and inventory is on a positive trajectory to help ease some pressure,” said Wendy Runge of the Kamloops and District Real Estate Association.

That modest sales increase amounts to six more homes sold compared to the same period last year and about 35 more homes sold than in the previous month.

Most sales (of all types) were in the $400,000 to $500,000 range, with 45, but the $300,000 to $400,000 range also proved popular, with 35 sales.

February’s single-family home sales averaged out to $530,303, compared to $460,268 over the same period last year. Driving this average up were two $1-million-plus sales and 20 sales in the $600,000 and $700,000 range.

The median price, however, fell from $513,000 in January to $495,000 last month.

As for the neighbourhoods where people are buying, South Kamloops led the pack with 22 while Pineview Valley was second with 18 sales. North Kamloops was third with 17 sales.

© Kamloops This Week

 


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