Posted on September 16, 2016 by Eric Putoto
Welcome to our September market update newsletter, your source for news about the Kamloops real estate market.
Wine making season again!
Family trip to Johnson Lake
As we move into the ninth month of 2016, real estate sales in Kamloops in August were higher in 2016 than at this time last year, with 2,281 residential properties sold to date vs. 1,822 in 2015. The number of new residential listings is greater than at the same as last year with 3,824 homes on the market vs. 3,747 last year at this time. There were 1,708 listings active, in comparison to 2,042 last year at this time. Of the 362 units sold last month, 268 were sold in Kamloops.
The median price for homes sold in Kamloops in August was $419,000, while the median for Kamloops and District was $375,000. These figures compare to $413,900 in July in the city vs. $366,000 District-wide. About 62% of homes sold at or below median price of Kamloops and District, while the rest were higher.
Nearly 65%% of the homes that sold in August sold in 6 areas:
“We are many times concerned about “what was” and “what will be” and carry that burden with us all the time. Release the past and let go of future then what remains is the present. Be with it.” – SriMadhuji
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