Posted on October 31, 2017 by Eric Putoto
Welcome to our October 2017 newsletter, your source for market updates and news about the Kamloops real estate market.
Kamloops Market Update
As we move into the tenth month of 2017, real estate sales in Kamloops in Octoberber were higher in 2017 than at this time last year, with 2,634 residential properties sold to date vs. 2,552 in 2016. The number of new residential listings is lower than at the same as last year with 3,793 homes on the market vs. 4,162 last year at this time. There were 1,169 listings active, in comparison to 1,538 last year at this time. Of 302 units sold last month, 255 were sold in Kamloops.
The median price for homes sold in Kamloops in continuing was $445,000 while the median for Kamloops and District was $400,000. These figures compare to $425,000 in August in the city vs. $400,000, while the rest were higher.
Popular Areas in Greater Kamloops
Nearly 61% of the homes that sold in September sold in 6 areas:
Inspirational Quote of the Month
“Knowing others is wisdom, knowing yourself is Enlightenment.” Lao Tzu
Eric has been our realtor since 2004 when he helped us find the house we have called home for 13 years.
After two failed attempts we decided to try one more time. Not only did Eric help us find our retirement home but he was able to sell our house for $10,000. over asking in less than 24 hours.
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