Welcome to a more balanced real estate market, I didn't think I would be able to say that for quite some time. For the month of May 2022, the entire region saw 1,687 residential sales recorded which represents a 24.9% decrease compared to the busy month of May 2021. Kamloops specifically saw a decrease of 33.6% compared to the same time last year. 

The Association of Interior Realtors noted that there were 553 new listings added in May 2022 in the Kamloops and District region, which was an increase of 9.7% compared to May 2021. The average prices across all home categories showed percentage increases compared to the same time last year with the highest percentage increase being in the single-family category, up 22% coming in at $820,990. (this…

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The Kamloops and area Real Estate stats are officially out for the month of March 2022 with 326 residential unit sales recorded, a 15% decline compared to the same time last year. The average prices across all home categories showed double-digit percentage increases compared to the same time last year with the highest percentage increase being in the single-family home category.

There were 510 new listings added in March 2022 in the Kamloops & district region, which was an increase of 15% compared to March of last year. Overall inventory or active listings saw an 84% upswing compared to the same period last year coming in at 943 listings for the region. This is an addition of 500 listings for the first time since the real estate market started its…

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The Kamloops and District Real Estate Association (KADREA) which has now merged with the Kootenay and Interior Realtors Association to form "The New Association of Interior Realtors" reports that a total of 185 residential unit sales were recorded by the Kamloops & District Multiple Listing Service® (MLS®) in January 2022.

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This is 25.7% below January 2021 of 249 sales. The average MLS® residential price in the area was $664,969, up by approx. 34.8% from the same month last year. There were 306 new listings recorded by the Kamloops MLS® last month and there are 768 active listings in the Kamloops & district region, as of February 03, 2022.
As the numbers indicate the Kamloops and Area real estate market is still…

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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.

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

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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. 

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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…

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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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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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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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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 Real Estate Stats: June 2021 vs. June 2020


The Kamloops real estate market continued to simmer down in summer as unit sales show only a 10% rise compared to June of 2020. The Kamloops market typically sees a slow down in the summer months so this was predicted. We did anticipate an uptick in sales once the government opened up travel restrictions again so we may see a bump up in sales for the month of July as those deals move towards completion. I temper that comment with the fact that we have had some major forest fire activity in the Kamloops area so this may keep some buyer's at bay as well until those get under control. 

Supply remains an issue in the Kamloops market. For 6 months now we have seen a reduction in supply compared to…

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