Inventory drops, prices for homes rise in Kamloops

Image Credit: FILE PHOTO

KAMLOOPS - The number of homes on the market in Kamloops has dropped significantly since last year, but house prices are continuing to rise.

According to new numbers from the Kamloops and District Real Estate Association, there are 29 per cent fewer homes on the market than at the same time last year.

But sales per unit last month were up two per cent compared to July 2016, and up five per cent to date compared to last year.

Acting vice president for the Kamloops and District Real Estate Association Doren Quinton says in a news release that the median price of homes sold in Kamloops last month was $420,000 compared to $413,900 during July of last year.

"The majority of sales continue to be in the ($320,000) to ($400,000) range but we continue to see a higher than normal number of homes selling above ($600,000)," Quinton says.


To contact a reporter for this story, email Ashley Legassic or call 250-319-7494 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above. 


don-thompson
THOMPSON: Justice for all a distant dream in America
OPINION Justice…a beautiful word. It’s the essence of fairness. Quite simply, it’s about the protection of rights and the punishment of wrongs. And yet, it’s more dream than reality for far too many p

Top News