Pent-up demand from pandemic, low inventory driving high housing prices in Kamloops
KAMLOOPS — Houses are selling at a rapid pace in Kamloops lately. Realtors say if they are priced right and show well, they’re snapped up within days.
“I’ve been in line-ups, waiting to show homes,” said President of the Kamloops and District Real Estate Association (KADREA) Wendy Runge. “Lots of multiple offers in recent weeks, so that just seems to be the new norm.”
There were 222 units sold last month, 18 per cent ahead from July of last year. Most sold in Brock, Sahali and Aberdeen. The average sale price also jumped up nearly six per cent (5.9) to $531,000.