Happy New Years!
As we celebrate entering into another year, I thought it would be interesting to take a look back at the Kamloops market over the past decade. What areas were the most popular, number of sales as the population has grown, how supply, demand and inflation changed pricing across the city.
Neighbourhoods with the most sales in 2010 (# of sales):
- Brocklehurst (257)
- Sahali (227)
- Aberdeen (191)
- South Kamloops (166)
- Westsyde (145)
Neighbourhoods with the most sales in 2021 (# of sales):
- Sahali (397)
- Brocklehurst (363)
- South Kamloops (284)
- Aberdeen (265)
- Westsyde (225)
Interestingly enough the same 5 neighborhoods have continued to be the most popular with a continued equal distribution of North and South Kamloops. Brock and Sahali were 1st and 2nd for 2010/2021 and not surprisingly those two areas offer the most in terms of variety of housing types.
Alternative single family housing options; the half duplex , apartment, townhouse have grown considerably in sales over the past 11 years. That same period we have seen the average home price double and as a result there has been a significant increase in the multi family category of homes.
All in all it’s always fun to compare year over year but looking at the difference that 11 years has made in our city sure makes the numbers hit home in terms of how much has changed. What changes do you think another 10 years will bring?
|LIST TO SALE PRICE RATIO||94.08%||99.45%|
|AVG. RESIDENTIAL SALE PRICE||$297,612||$574,257|
|DAYS ON MARKET||92||42|
|# OF SINGLE FAMILY HOUSE SALES
*Table Stats are for Kamloops area only, all types of housing – Kamloops only: Brocklehurst, Sahali, North Kamloops, Aberdeen, South Kamloops, Sun Peaks, Barnhartvale, Dallas, Westsyde, Campbell Creek/Deloro, Pineview Valley, Valleyview,Batchelor Heights, Cherry Creek/Savona, Dufferin/Southgate, Heffley, Juniper Heights, Pinantan, Rayleigh, South Thompson Valley, Sun Rivers, Knutsford-Lac Le Jeune, Tobiano *