RECORD BREAKING LOT SALE AT TOBIANO


January 20th, 2022 will be a day I remember for a while as it pertains to real estate deals. That was the day I sold the most expensive lot in the history of the Tobiano Resort Development at 315 Holloway Dr. for $620,000.00.

The lot itself is one of the best, if not the best building lot in the entire Tobiano development as it is 0.41acre in size and sits on top of a bluff overlooking Kamloops Lake and is adjacent to the 15th green of the Tobiano Golf Course. What makes this lot so unique and rare is that we only have 18 of these lake view bluff lots and only one that borders the golf course.

The Tobiano Resort Development was originally opened up to the public back in the fall of 2006 with the release of a…

390 Views, 0 Comments

Read Full Post

Are Ski Resorts The Next Best Real Estate Investment?

Housing prices are on the rise in ski regions across North America, and recreational property is one of the hottest investments out there right now.

"Despite travel restrictions, prices have continued to climb for recreational property in a ski resort. Last year prices grew on average by 5.1 percent. A report from Realtor.com shows that views of ski-town homes were 72% in 2021, while it was 36% in 2020. Particularly the North American ski resorts are hot in demand. Prime property prices of Aspen stand at around US$33,300 per square meter while Vail ski resorts stand at US$28,200.," comments Kimo Quance from The Kimo Quance Group.

“In 2020-21 US ski resorts enjoyed the fifth highest number of…

1982 Views, 0 Comments

Read Full Post

Kamloops Real Estate Stats: December 2021 vs. December 2020

For the month of December 2021 there were152 residential unit sales recorded by the Kamloops & District Multiple Listing Service® (MLS®) in December 2021. This represents a 34.7% decrease over the numbers that were recorded in December 2020, at 233.
The average residential sales price was $663,774, up by approx. 33 per cent from $501,465 recorded in the same month last year. There were 113 new listings recorded by the Kamloops MLS® last month and there are 714 active listings in the Kamloops & district region, as of January 04, 2021.

alt=
The average residential sales price of $663,774.00 will likely stay over the $600K mark for the months ahead. This does…

432 Views, 0 Comments

Read Full Post

Kamloops Real Estate Stats: November 2021 vs. November 2020

November was another very strong market for the Kamloops area. On the single-family side, we saw an increase in units sold of 5.9% from the same month a year ago and a total of 24.5% increase year to date. The average price for single-family homes across the market was up 20% to $713,326.00. This is a huge increase. We are 24% year to date higher than last year. One of the most interesting numbers to look at is the fact that our total year to date residential sales is up 57% to $1.965 BILLION. That's Billion with a capital B. 

alt=
With the closure of all major highways to non-essential vehicular travel to the coast I anticipated a slow down in sales volumes but it…

359 Views, 0 Comments

Read Full Post

3 Costly Mistakes that Sellers Make

When selling your home you will need to be aware of at least three common mistakes that sellers make when listing their home for sale. If you are selling, or know someone who is selling, it is important to keep these costly mistakes in mind.


Selling Your Home Mistake #1

The majority of sellers overvalue their own property.

What to Do Instead

Listen to the professionals, have an open, honest conversation and look at the statistics. A competent realtor should be able to provide a detailed market evaluation and provide backup to support the valuation. Find out how many homes of similar size, age and situation have sold within the last 1-3 months. This will give you a more realistic idea of where your…

417 Views, 0 Comments

Read Full Post

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. 

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

411 Views, 0 Comments

Read Full Post



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…

358 Views, 0 Comments

Read Full Post

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…

731 Views, 0 Comments

Read Full Post

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…

507 Views, 0 Comments

Read Full Post

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.

alt=

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…

380 Views, 0 Comments

Read Full Post