Last month’s real estate numbers show Kamloops is still a very stable market according to the Kamloops and District Real Estate Association.
Association president Doren Quinton says while the number of units sold was down slightly month over month and year over year, prices and sales supply were both up.
“I think you are seeing numbers a lot lower in terms of sales in Vancouver and Kelowna, pretty much around the province. We are holding pretty steady here. We have quite a number of people moving up from the Lower Mainland because of the cost of living,” Quinton says.
“Overall there is still a very good demand. There is still pretty limited supply out there. We are running just ahead of last year in terms of listings, which are still about 20 per cent below historical averages. So we are still seeing very strong demand and low supply. The market in Kamloops is still very stable.”
Year to date sales are down about 9.4%.
The average price of a single family home sold continues to climb up another 15% to just over $483,000.
Quinton says the most active group of buyers were shopping for homes in the $400,000 to $500,000-dollar range.
He says Aberdeen led the way with 24 home sales followed by Brocklehurst, and Sahali.