Kamloops Real Estate Market Stats: October 2021

The KADREA market stats for the month of October show another strong month in the single-family and multi-family sales markets but we did see a substantial reduction in single-family units sold. For the month of October, there were 189 single-family homes sold, down 16% from the same month last year.

For the same time period, we had an increase in listings so this shows that there is some pressure on sales the higher the asking price climbs. The average sales price for October was$619,265.00 which is a whopping 33% increase from the same month last year. 

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High consumer demand continues to drive sales but it's the supply that's holding the entire market back. This is leading…

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BLUFF LOT FOR SALE AT TOBIANO!

315 Holloway Drive - $649,000

This spectacular 0.41acre, flat lot is the westernmost bluff lot with one neighbour bordering the 15th fairway with unobstructed lake views. This lot is truly the best of the best at Tobiano and the last remaining bluff lot in the development. Comes with design guidelines and no timeframe to build. 

If you'd like to view or learn more about Tobiano Real Estate, please call Andrew Karpiak at 250-819-4113.

Click here to see the video and drone footage of this Tobiano lot for sale.

For more information about 315 Holloway Drive click here.

To view all homes for sale in Tobiano click here

To view more about the Tobiano neighbourhood click…

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house for sale in kamloops

The cost to buy a single-family home in Kamloops varies greatly depending on the neighbourhood you live in. The average sale price for a single-family home in Kamloops at the time of writing is $756,627 but that's completely dependent upon where you're looking to purchase your property.

This blog post will explore 15 different neighbourhoods and what the average cost of buying a house there would be based on Q3 (July 1 to Sept 30) statistics in 2021.

1 Tobiano

The neighbourhood of Tobiano had 6 single-family home sales from July 1st to Sept 30th with an average sales price of $1,033,070.00.

  • the lowest price was $802,525.00
  • the highest price was $1,650,000.00

2 Sun Peaks

The neighbourhood of Sun Peaks had 1 single-family home…

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The Five Least Expensive Neighbourhoods in Kamloops, BC

It's time to flip things around and have a good look at the least expensive neighbourhoods in Kamloops, BC to buy real estate. There are a lot of factors that go into deciding where to live. One major factor is the cost of living and what you can afford to spend on your monthly mortgage, utilities, groceries et cetera. Below we have ranked the least expensive neighbourhoods in Kamloops according to data from Kamloops and District Real Estate Association (KADREA).

So without further ado, let’s find out which Kamloops neighbourhood has the lowest average price for all types of real estate in 2021. 

What Are The Least Expensive Neighbourhoods in Kamloops?

Before I reveal the top five…

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Kamloops Real Estate Market Stats: September 2021

September 2021 KADREA stats are in. This past September saw a 14.2% reduction in homes sold compared to September of 2020. This is not unexpected as September 2020 was the result of pent up demand from Covid-19 and saw some of the highest sales numbers we have ever seen.

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It's actually a good thing to see things a little slower than they were a year ago as this means things are not quite as frantic. That being said, the average sales price was up 11% over the same time last year. With such a limited supply of active listings, we are still having numerous bidding wars which in turn is driving up the average price.

Most of the buyers in this market are from out of town, likely…

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Most Expensive Neighbourhoods in Kamloops 

There are a lot of factors that go into deciding where to live. One major factor is the cost of living and what you can afford to spend on your monthly mortgage, utilities, groceries et cetera. Below we have ranked the five most expensive neighbourhoods in Kamloops according to data from Kamloops and District Real Estate Association (KADREA).

In this blog post, we will discuss how these areas compare with one another as well as offer some insight into each neighbourhood’s pros and cons. Whether you're looking for a starter home or something more luxurious, take a look at these neighbourhoods and see what they have to offer. So without further ado, let’s find out which neighbourhood has the…

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The Kamloops and District Real Estate Association (KADREA) reports that a total of 280 residential unit sales were recorded in August 2021. This is 21.3 per cent below the numbers that were recorded in August 2020, which was 365. The average MLS® residential price in the area was $574,425, up by approx. 26.1% from $455,262 recorded in the same month last year.

Total sales dollar volume in August stood at $160 million, a 0.7 per cent fall from 2020, which was $160.8 million. There were 378 new listings recorded by the Kamloops MLS® last month and there were 875 active listings in the Kamloops & district region, as of September 03, 2021. The active listings for Kamloops are at an all-time low for volume.

Typically Kamloops sees a lot of…

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Kamloops Home for Sale: #178-200 Grand Blvd $559,900


New Listing: Kamloops Real Estate

Imagine coming home to this beautiful, bright 2 story house with an 11 X 19'8 garage for your car. You'll have a lot of storage space in the walk-in closet and Caesarstone countertops too. This rare three-bedroom, 2.5 bathrooms,  two-story home in the Belmont bare land strata within the almost finished Orchards Walk master-planned development in Valleyview.

This new construction property is only one year old and has a number of upgrades including engineered hardwood on both levels, upgraded carpeting on stairs with LED under cabinet lighting and closet organizer upgrade to include roller vertical blinds for convenient living area privacy as well as garage…

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heffley real estate ranch

This 280+ acre property at 6541/6675 Heffley Louis Creek Road has sold!

The 80 acres +/- has two titles and the balance is treed. Louis Creek crosses the property and Fadear Creek borders it to the south. This property comes with 2 water licenses that ensure a plentiful supply of fresh, clean water for your livestock or crops. The Crown land access from this acreage means you can ride on ATVs, hike through lush forests filled with wildlife like deer, elk herds or bears as well as explore new fishing lakes without having to leave home! You'll be just 30 minutes away from Sun Peaks Resort (and all its amenities) while still being an hour's drive from Kamloops which offers many more family-friendly attractions including outdoor recreational activities…

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The Year Tobiano Sold Out

2021 will likely go down in history as the year that Tobiano real estate finally sold out. I am not sure who tracks this other than myself, but this is a big deal. Back in 2006, when I first joined the marketing team with Sotheby's, we had about two years of tremendous sales as that was the lead up to the late 2008 real estate market crash. Once that crash happened, I was the only agent to stick it out at Tobiano and slowly watched our annual sales go from 5 units to 10 to 15 to 20+ per year. We sit at July 26th, 2021 and have already sold 77 properties since January 1st, 2021. Those sales have ranged from a $189,000 building lot to a $1.65 million home on the Bluff. Here is a recap of where the various real estate projects…

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