Inventory drops, prices for homes rise in Kamloops - InfoNews

Current Conditions

Cloudy
0.7°C

Inventory drops, prices for homes rise in Kamloops

Image Credit: FILE PHOTO
August 01, 2017 - 5:00 PM

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. 

News from © InfoTel News Ltd, 2017
InfoTel News Ltd

  • Popular kelowna News
  • Comments
  • Police search for missing Kelowna woman
    KELOWNA - Kelowna RCMP are asking for the public's help in finding a missing 27-year-old woman. RCMP say Joenna Saunders was last heard from on Nov. 27. She was reported missing on Dec.
  • Girl opens Christmas present she gave to boy when she dumped him in 1971
    ST. ALBERT, Alta. - A man in Edmonton who made international headlines for holding onto a wrapped Christmas gift from a high-school girlfriend who dumped him nearly 50 years ago finally learned wh
  • Water quality advisory in effect in North Okanagan
    NORTH OKANAGAN - The district has issued a water quality advisory for the North Okanagan. The Regional District of North Okanagan Silver Star Water Utility in conjunction with Interior Healt
  • Kamloops Fire Rescue respond to McDonalds deep fryer fire
    KAMLOOPS - A Kamloops McDonalds was temporarily closed last night due to a small deep fryer fire. Kamloops Fire Rescue arrived at the McDonalds location in Sahali at about 11:30 p.m. last ni
  • Vernon fast food restaurant held up by man with syringe
    VERNON - RCMP are on the hunt for a suspect after a robbery at a Vernon restaurant earlier this week. A man threatened staff with an allegedly contaminated needle on Wednesday, Dec. 5, at Wr
View Site in: Desktop | Mobile