The median price for home sales in Kamloops surpassed $500,000 last month — a high-water mark never before seen in the city.
March saw 218 real-estate sales, up almost five per cent over the same period in 2018, and a 16 per cent increase in new listings, at 421.
Kamloops and District Real Estate Association president Wendy Runge said a 30 per cent jump in sales over $600,000 boosted the median sale last month to $502,500, up $40,000 year-over-year.
The average sales price last month was just under $489,000, up $18,000 over 2018.
Sahali was the busiest neighbourhood last month in terms of sales, Runge said, recording 20, followed by Sun Peaks with 18 and Aberdeen with 17.
“This is the first time in recent history that Sun Peaks has been one of the top-producing areas,” she said.
Runge said she expects the Kamloops market to continue to move into record territory with strong demand and “historically low supply.”