The real estate market here in Kamloops is now in full spring mode now, just a little later with some carry over into summer. When looking at the direct sales numbers, we had more sales in June 2020 than in June 2019, while not a huge jump of numbers it shows that while there was a short fall in early spring due to Covid, it was not a lasting effect for our market at least. Which is great news if you’re a Buyer or Seller here.
January 2020 we were right on target with 2019, February ’20 sales surpassed ’19, with a huge downward turn from March – May. While early spring we tentatively held our breathes unsure of how our market would respond, we can comfortably say we are rebounding.
From end of June last year to this year, we’re down a total of 300 sales directly within the City of Kamloops but listings were slightly down as well. For a couple months, Seller were cautious about bringing their homes to the market and rightfully so, but as BC Covid nunbers decreased we saw a stronger listing presence in June which so far has carried on into July.
In the month of July 2019, there was 239 sales (all types/Kamloops only), it will be interesting to see if we surpass that number this month with fewer residents travelling and temporarily putting home searches on hold.
Neighbourhoods with the most sales in May:
- South Kamloops
|JUNE 2019||JUNE 2020||Year to Date|
|AVG. RESIDENTIAL SALE PRICE||$439,882||$508,064||$460,092|
|AVG. DAYS ON MARKET||34||59||55|
|AVG. RESIDENTIAL SALE PRICE||$439,626||$460,092|
|DAYS ON MARKET||47||55|
* Stats are for Kamloops area only, all types of housing as of July 6/20 *
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