Image Credit: CFJC Today

By James Peters

Real Estate

Kamloops real estate market sets new median price record

Sep 3, 2019 | 3:12 AM

KAMLOOPS — The latest numbers from the Kamloops and District Real Estate Association (KADREA) show local sellers set a record for the median home price in August.

According to a news release from KADREA, last month’s median price was $510,000. That was up 9 per cent from the same time in 2018.

The association says that jump is largely due to a jump in the number of homes selling in the $600,000-to-$700,000 range.

A total of 294 properties changed hands last month, the same number as July and down 9.3 per cent from August of last year.

For the year to date, sales are down 8.2 per cent from 2018.

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Sahali saw the most activity in August with 32 sales, followed by Brocklehurst at 31 and Westsyde at 23.