File Photo (Image Credit: CFJC Today)

By James Peters

Real Estate

Kamloops real estate sales recover from initial pandemic shock as prices push higher

Dec 3, 2020 | 1:49 PM

KAMLOOPS — The Kamloops and District Real Estate Association (KADREA) is reporting a record-setting November as both sales and prices push higher.

A total of 262 homes changed hands in Kamloops last month, a 40 per cent increase over the same month in 2019. Year-to-date totals are now up compared to last year.

In a news release, KADREA President Wendy Runge says the market has set sales records each month since June.

Prices, meantime, are also into record territory. KADREA says the average sales price in November was more than $486,000, a 10 per cent increase over the same month last year.

Runge says the hot market since summer is due to pent-up demand after the uncertainty caused by the initial COVID-19 wave passed.

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