🏡 Kamloops Real Estate Market Update – August 1st – 15th
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: 288
- Properties Sold: 99
- Average Sale Price (all property types): $619,319.54
- Average List Price: $719,890.11
- Average Days on Market (for homes sold from Aug 1-15): 63 days
🏘️ Breakdown by Property Type
- The average list price for Single Family Homes was $804,096.83, and the average sale price was $761,142.86
- The average list price for Townhouses was $533,983.76, and the average sale price was $518,615.38
- The average list price for Apartments was $419,070.83, and the average sale price was $409,908.93
📍 Average Sale Price of a Single Family Detached Home
- Brocklehurst: $614,000
- Dallas/Barnhartvale: $906,200
- Valleyview: $518,000
- Aberdeen: $825,000
- Sahali: $757,366.67
💬 Thoughts on the market:
The Kamloops real estate market between August 1–15 showed steady but cautious activity. A total of 288 new listings came to market, while 99 properties successfully sold during this period. The average sale price across all property types was $619,319, with homes selling in an average of 63 days. Interestingly, the gap between the average list price ($719,890) and the average sale price suggests that while buyers remain active, they are negotiating more aggressively and focusing on value.
Breaking things down by property type, single-family homes led the way with an average sale price of $761,142, compared to an average list price of just over $804,000. Townhouses averaged $518,615 in sales, slightly below their list price, while apartments saw the narrowest spread, selling for $409,909 against a $419,071 average list price. Looking at single-family home sales by neighbourhood, Brocklehurst remained one of the more affordable areas at $614,000, while Dallas/Barnhartvale stood out at a strong $906,200. Valleyview came in lower at $518,000, while Aberdeen ($825,000) and Sahali ($757,367) reflected strong mid-to-upper market demand. Overall, these numbers highlight that although buyers are active, pricing strategy is critical as the market balances between supply and demand.
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!