Saying April was an interesting month would be an understatement! Between the world health crisis, murder bees and households turned school rooms – there was not much time for real estate it would seem. All jokes aside, this month compared to last year – no surprising numbers. Naturally year over year with all that is happening the number of house sales are down but price and days on market remained relatively close and unchanged.
Fewer sales has increased the amount of inventory available and with Buyers more cautious to pull the trigger seeing a creep up on the days on market.
Brock, Sahali and North Kamloops saw the most neighborhood sales; making up 40% of the total house sales. Those areas are primarily a good source of condos and townhouses which was the largest sale category overall across the city.
As we near the first half of the month of May we are beginning to see more confidence in the market with more sales and listings each day than the average day in April. So a good sign that while Sellers and Buyers slowed down to feel out the market end of March and April, the Spring market will return to normal – or at least a ‘new normal’ for us here in Kamloops.
As always, if you have questions about your specific situation or want to chat – feel free to give me a call direct. Indy Bal 778-220-4639
| April 2019 | April 2020 | Year to Date | |
|---|---|---|---|
| NEW LISTINGS | 384 | 218 | 1071 |
| TOTAL SALES | 252 | 66 | 535 |
| AVG. RESIDENTIAL SALE PRICE | $431,736 | $428,482 | $440,214 |
| AVG. DAYS ON MARKET | 45 | 53 | 51 |
| ACTIVE LISTINGS | 803 | 1239 |
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*Information as of May 11/2020 – Kamloops region only/all types of housing*
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