Image Credit: CFJC Today

By James Peters

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Kamloops real estate sector ends 2019 on a high note

Jan 2, 2020 | 12:43 PM

KAMLOOPS — While the Kamloops real estate market had a slower 2019, it ended the year showing positive signs for the year ahead.

Year-end statistics released Thursday by the Kamloops and District Real Estate Association (KADREA) show 2,862 residential sales in 2019, a decrease of about four per cent compared to 2018.

But KADREA President Wendy Runge says both sales and inventory were up markedly in December.

Runge notes home sales rose 26 per cent compared to the previous December, with inventory up 37 per cent.

The average sales price across all home categories — including single family, townhouse, apartment and mobile home — rose 7.2 per cent to $418,617 last year.

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The most turnover in the city in 2019 happened in Brocklehurst with 293 sales. Sahali came across the line second with 236 sales. Aberdeen saw 230.

Runge says 2019 was characterized by “surprising stability” in Kamloops. She says the year-end total was just below record levels while much of the remainder of the province saw sharp declines in sales.

Runge predicts the increased activity Kamloops saw during the last three months of 2019 will carry over into the early part of 2020.