Here is your April 2025 Market Update!
April's housing market in the Kamloops and District region reflected a mix of resilience and caution as buyers and sellers adjusted to shifting dynamics. Here's a breakdown of the key takeaways from the latest data:
Market Highlights
- 215 homes sold which is a 4% decrease from April 2024
- Total dollar volume reached $135.9 million, a 4% decrease year-over-year
- Active listings rose by 3.8% for a number of 1,283 properties, while new listings also decreased by 2% for a total of 528 new listings in April
Property Type Breakdown
- Single-Family Homes:
- Sales: 106 units sold (down 13.1%)
- Benchmark Price: $670,900 (up 2.1%)
- Days on Market: 43 days (down 12.2%)
- Current Inventory: 617
- Townhouses:
- Sales: 33 units (up a significant 50.0%)
- Benchmark Price: $516,600, (4.3% drop year-over-year)
- Days on Market: 83 days (up 97.7% from last year)\
- Current Inventory: 128
- Apartments/Condos:
- Sales: 28 units (down 22.2%)
- Benchmark Price: $378,700 (up 1.8%)
- Days on Market: 67 days (22.3% increase)
- Current Inventory: 171
Neighbourhood Trends
Aberdeen saw robust single-family sales (+66.7%) with prices up to $883,500.
Sahali townhouses boomed with an 80.0% increase in sales, despite a slight drop in prices.
Sun Rivers experienced strong demand across all housing types, especially single-family homes which surged 50.0% in sales.
Juniper Ridge and Westsyde remained stable with minor fluctuations in both price and activity.
ACTIVE LISTINGS
Key Takeaways
While overall sales dipped slightly, rising inventory and steady pricing suggest a more stable, less overheated market. Townhouses emerged as a standout segment, drawing attention with strong sales despite longer time on the market.
Buyers continue to face modest price growth in most areas, especially for single-family homes, but the slowdown in sales velocity offers room for negotiation.
Thinking of making a move? Contact Parker to get started!