Kamloops Real Estate Market Update – August 15 – 29th
Here’s a quick look at how the Kamloops real estate market performed the last 2 weeks. Whether you're buying, selling, or just watching the market, these stats give you a snapshot of what’s happening across the city.
Bi-Weekly Market Overview
- New Listings: 248
- Properties Sold: 116
- Average Sale Price (all property types): $645,973.78
- Average List Price: $734,986.29
- Average Days on Market (for homes sold from Aug 15-29th): 75 days
Breakdown by Property Type
- The average list price for Single Family Homes was $766,662.48, and the average sale price was $750,361.17
- The average list price for Townhouses was $558,226.09, and the average sale price was $493,906.25
- The average list price for Apartments was $642,425.83, and the average sale price was $414,387.50
Average Sale Price of a Single Family Detached Home
- Brocklehurst: $661,625
- Dallas/Barnhartvale: $869,000
- Valleyview: $1,855,000
- Aberdeen: $794,975
- Sahali: $833,780
💬 Thoughts on the market:
The Kamloops real estate market from August 15–29 showed steady activity, with 248 new listings hitting the market and 116 properties sold. The average sale price across all property types came in at $645,973.78, while the average list price was higher at $734,986.29, suggesting some price negotiation between buyers and sellers. Homes that did sell took an average of 75 days on market, a reminder that while demand remains steady, buyers are taking their time to evaluate options.
Breaking it down by property type, single-family homes were the strongest performers, selling at an average of $750,361.17 against a list price of $766,662.48. Townhouses saw more downward pressure, with average sales of $493,906.25 compared to list prices of $558,226.09. The largest gap was seen in the apartment sector, where average list prices of $642,425.83 contrasted with average sales of just $414,387.50, highlighting significant buyer caution in this segment.
By neighborhood, single-family detached homes varied widely: Brocklehurst averaged $661,625, Dallas/Barnhartvale came in at $869,000, Valleyview stood out with a sharp peak at $1,855,000, while Aberdeen and Sahali remained competitive at $794,975 and $833,780 respectively. These figures show that location continues to play a major role in driving values, with Valleyview standing out as one of the highest-priced areas in this reporting period.
Stay tuned for the next market update, and feel free to reach out if you have questions about buying or selling in Kamloops!
Contact Parker for more information, or to get started in the home buying process!