Posted on February 28, 2018 by Eric Putoto
Welcome to our February 2018 newsletter, your source for market updates and news about the Kamloops real estate market.
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Eric’s Market Video
Eric’s Market Update Video is unavailable this month
For insights from Eric, please see his recent Facebook video at
Kamloops Market Update
As we move into the second month of 2018, real estate sales in Kamloops in January were higher in 2018 than at this time last year, with 159 residential properties sold to date vs. 132 in 2017. The number of new residential listings is higher than at the same as last year with 296 homes on the market vs. 4278 at this time. Of 159 units sold last month, 130 were sold in Kamloops. There were 858 active listings as of 1/31/18 vs. 1,078 on 1/31/17.
The median price for homes sold in Kamloops in continuing was $427,000 while the median for Kamloops and District was $409,250. These figures compare to $435,000 in December in the city vs. $422,000, while the rest were higher.
Popular Areas in Greater Kamloops
Nearly 59% of the homes that sold in January sold in 5 areas
Off 2,599 sales in Kamloops last year, nearly 76% occurred in the following subareas:
Inspirational Quote of the Month
“None of us are getting out of here alive, so please stop treating yourself like an afterthought. Eat the delicious food. Walk in the sunshine. Jump in the ocean. Say the truth that you’re carrying in your heart like hidden treasure. Be silly. Be kind. Be weird. There’s no time for anything else.”
Sellers Michael & Patricia Kitamura recently sold a home in the area. Here is what they had to say about working with the Platinum Real Estate Team:
“We were skeptical at first when Eric told us he wouldn’t be advertising our home in the weekly newspaper and only use the internet to market his properties through his website and social media campaigns. To our pleasant surprise, there was immediate and sustained interest in our home as the showings did not slow down until we received an accepted offer. We actually received three offers before deciding on the one that best served our needs. Eric told us we could get more for our home and we did! Interested parties came from as far away as Tumbler Ridge and Calgary. This was the first time we sold in 40 years and were not sure what to really expect, but Eric was extremely helpful and patient in navigating us through the experience of selling our home. We could not have been more pleased with Eric and how the sale came together. Thank you! Eric.”
Michael & Patricia Kitamura