Image Credit: CFJC Today

By James Peters

Real Estate

Kamloops real estate sector bucks 2019 trend with big October

Nov 1, 2019 | 5:56 AM

KAMLOOPS — The Kamloops real estate sector continued to break out of its malaise with a big month of October.

According to new numbers from the Kamloops and District Real Estate Association (KADREA), 273 homes changed hands last month, an 18 per cent increase over the same month last year.

It’s the second straight month of year-over-year increases, and has the year-to-date total just five per cent lower than at the same point in 2018.

KADREA says the median home price was back over the half-million dollar mark, at $515,000, up six per cent from October of last year.

The busiest neighbourhood for home sales last month was Brocklehurst with 26, followed by Westsyde and Aberdeen.

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KADREA Past President Doren Quinton says strong demand and below normal supply means it’s tough for new home buyers trying to get into the market.