By James Peters

Kamloops real estate sector suffers letdown in ’18 after record year in ’17

Jan 2, 2019 | 9:46 AM

KAMLOOPS — Year-end numbers for 2018 show a decent year for Kamloops real estate, even if it was a significant decrease from 2017.

According to a news release from the Kamloops and District Real Estate Association (KADREA), a total of 2,975 homes changed hands last year.

That’s an 11 per cent decline from 2017.

But KADREA President Doren Quinton notes 2017 was a record year for home sales, and the 2018 total is still well ahead of the city’s 10-year average.

Last year ended quietly for the local real estate industry, with 123 sales taking place — a 33.5 per cent year-over-year drop.

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