Despite lower inventory, Kamloops real estate sales bump up in October

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“It’s encouraging to see Kamloops and District real estate activity gaining some momentum, particularly when other markets are still working to find their footing,” AIR President Ryan Mayne states in a news release issued Thursday (Nov. 5). “What’s interesting is that inventory hasn’t really grown alongside that activity, suggesting there’s still a healthy level of buyer interest, potentially supported by the region’s relative affordability.” 

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Despite the scarcer inventory, the benchmark price for a single-family home is down in Kamloops, coming in at $651,800 in October. It’s down by $7,300 from September and saw a decrease of 0.4 per cent year-over year. 

The benchmark price for a townhouse in Kamloops was $511,900 in October, up $1,600 from September and an increase of 1.6 per cent year-over-year. 

Finally, the benchmark price for a condominium in Kamloops was $359,200 in October, down by $7,700 from September and a decrease of 2.5 per cent year-over year.