Posted on January 30, 2018 by Eric Putoto
Welcome to our January 2018 newsletter, your source for market updates and news about the Kamloops real estate market.
Happy New Year to all my clients! Here’s to a great 2018!
Kamloops Market Update
As we move into the first month of 2018, real estate sales in Kamloops in December were higher in 2017 than at this time last year, with 3,334 residential properties sold to date vs. 31,61 in 2016. The number of new residential listings is lower than at the same as last year with 4,591 homes on the market vs. 4,853 at this time. Of 185 units sold last month, 154 were sold in Kamloops.
The median price for homes sold in Kamloops in continuing was $435,000 while the median for Kamloops and District was $422,000. These figures compare to $430,000 in November in the city vs. $395,000, while the rest were higher.
Popular Areas in Greater Kamloops
Nearly 68% of the homes that sold in December sold in 6 areas:
Off 2,599 sales in Kamloops last year, nearly 76% occurred in the following subareas:
Inspirational Quote of the Month
“The universe is big. It’s vast and complicated and ridiculous. And sometimes, very rarely, impossible things just happen and we call them miracles.”
“Eric has been our realtor since 2004 when he helped us find the house we have called home for 13 years. Three years ago we started looking for our perfect “retirement” home.
Eric worked very hard to help us achieve this goal.
It has been a pleasure to work with Eric when both buying and selling our homes He came highly recommended when we moved to Kamloops and we wouldn’t hesitate to recommend him to anyone needing to buy or sell in the Kamloops area.”
Ivan and Debi Wilson