File Photo (Image Credit: CFJC Today)

By James Peters

Real Estate

Kamloops home sales, prices through the roof in March

Apr 5, 2021 | 11:45 AM

KAMLOOPS — The overheated Kamloops real estate market kept right on rolling in March.

According to newly provided data from the Kamloops and District Real Estate Association (KADREA), there were 372 residential sales last month, a 69 per cent jump over March of 2020 (220).

In addition, the average residential sales price was $545,915, up 29 per cent from the same month last year, with sales dollar volume is up by 164 per cent.

“We’re indeed setting sales records in the region and I don’t see any downtrend in the months to come,” KADREA President Chelsea Mann said in a news release.

Mann noted demand is driving the increases.

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“This year, there is no end for this demand in sight, as increased work from home opportunities is (sic) getting more people interested in moving to smaller markets like ours,” said Mann.

She noted 480 listings were added in March, but inventory continues to be low.