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August 2020 Market Statistics

September 5, 2020 by indybal Leave a Comment

Were almost all the way through 2020  and what a whirl wind the first 8 months of this year has been! As we wrap up the end of summer, I hope everyone was able to enjoy some of the sights around our beautiful province and enjoyed their staycations at home. If you didn’t  let me know – lets find you a new house for 2021’s staycation!

There was a strong market movement in August. This past month experienced the highest number of sales in August than ever before seen historically in the same month. Looking at year over year, while there was a slow down first quarter with a below average second quarter – quickly we have seen a recovery moving past last years sales.

The most interesting moving category this year is the $600,000 category – this year in 2020 – 316 house sales have occurred in the City of Kamloops. Over 17% more than last year and 30% more than the year before that. The demand for that price range has doubled over the course of 5 years. 

Neighbourhoods with the most sales in August (# of sales):

  1. Sahali (31)
  2. Aberdeen (27)
  3. Brocklehurst (26)
  4. South Kamloops (25)
  5. Westsyde (25)
  AUG 2019 AUG  2020 Year to Date
NEW LISTINGS 286 367 2386
TOTAL SALES 203 274 1438
AVG. RESIDENTIAL SALE PRICE $443,453 $468,861 $468,554
AVG. DAYS ON MARKET 45 58 56
ACTIVE LISTINGS 823 1029  

–

 

YTD 2019 2020
NEW LISTINGS 2366 2386
TOTAL SALES 1644 1438
AVG. RESIDENTIAL SALE PRICE $442,293 $468,554
DAYS ON MARKET 46 55

 

* Stats are for Kamloops area only, all types of housing as of SEPT 5/20 *

Filed Under: Market Reports

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