🏡 Kamloops Real Estate Market Update: July 18th – August 1st
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: 249
- Properties Sold: 134
- Average Sale Price (all property types): $583,941.21
- Average List Price: $704,017.60
- Average Days on Market: 65 days
🏘️ Breakdown by Property Type
- The average list price for Single Family Homes was $774,216.91, and the average sale price was $706,450.34
- The average list price for Townhouses was $546,318.92, and the average sale price was $536,793.33
- The average list price for Apartments/Condos was $364,635.29, and the average sale price was $318,050
📍 Average Sale Price of a Single Family Detached Home
- Brocklehurst: $690,833.33
- Dallas/Barnhartvale: $838,000
- Valleyview: $727,900
- Aberdeen: $936,887.50
- Sahali: $784,600
💬 Thoughts on the market:
This real estate snapshot shows a continued trend toward a balanced market with 249 new listings and 134 properties sold over the period. The average sale price across all property types was $583,941.21, noticeably below the average list price of $704,017.60—suggesting that buyers are negotiating below asking and that sellers may be adjusting to market expectations. Properties took an average of 65 days to sell, which is consistent with a more moderate pace of sales compared to the peak spring months.
Breaking down the numbers by property type reveals some interesting insights. Single family homes remain the most expensive category, with an average sale price of $706,450.34, compared to the average list price of $774,216.91. Townhouses followed closely behind, selling on average for $536,793.33, while apartment-style condos had the lowest average sale price at $318,050. Regionally, detached homes in Aberdeen posted the highest average sale price at $936,887.50, followed by Dallas/Barnhartvale at $838,000. Meanwhile, Brocklehurst offered more affordable options, averaging $690,833.33. These figures suggest that while price growth has softened in some areas, demand remains steady, especially in sought-after neighbourhoods with limited inventory.
Stay tuned for next week’s 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!
