Posted on August 12, 2016 by Eric Putoto
Welcome to our August market update newsletter, your source for news about the Kamloops real estate market.
As we move into the eighth month of 2016, real estate sales in Kamloops in July were higher in 2016 than at this time last year, with 1,922 residential properties sold to date vs. 1,558 in 2015. The number of new residential listings is greater than at the same as last year with 3,396 homes on the market vs. 3,356 last year at this time. There were 1,816 listings active, in comparison to 2,137 last year at this time. Of the 329 units sold last month, 242 were sold in Kamloops.
The median price for homes sold in Kamloops in July was $413,900, while the median for Kamloops and District was $366,000. These figures compare to $410,000 in June in the city vs. $360,000 District-wide. About 67% of homes sold at or below median price of Kamloops and District, while the rest were higher.
Nearly 61%% of the homes that sold in January sold in 6 areas:
"Love is the ability and willingness to allow those that you care for to be what they choose for themselves, without any insistence that they satisfy you." Wayne Dyer
After having our house on the market for over 7 months with a different real estate agent, we decided to interview Eric and hired him immediately. We learned more in our initial meeting with Eric than our entire previous listing experience. Before re-listing Eric helped us prepare our home properly and had a professional photographer in to take photos. After listing with Eric at a slightly higher price than our initial asking price, our home sold in 17 days for 98.5% of asking price!! We are happy to refer all our friends and family to consider the Platinum Process Home Selling System and list with Eric Putoto.
Amelia & Cody Hilton