Here is your February 2025 Market Update!
The Kamloops and District real estate market experienced steady growth in February 2025, with an increase in overall sales volume and active listings. However, new listings saw a slight decline compared to the previous year.
Market Highlights
- 159 homes sold, which is a slight decrease from February 2024
- Total dollar volume reached $104.1 million, an 9.4% year-over-year
- Active listings rose by 7.5%, while new listings declined 13.2%, this reflects a slightly longer time on the market, with a calm and approachable real estate landscape
Property Type Breakdown:
Single-Family Homes
- Sales: 68 (-8.1%)
- Benchmark Price: $652,700 (+0.7%)
- Days to Sell: 55 (-5.8%)
- Inventory: 444
Townhouses
- Sales: 23 (-17.9%)
- Benchmark Price: $502,500 (-4.7%)
- Days to Sell: 72 (+11.2%)
- Inventory: 113 (+28.4%)
Condo/Apartments
- Sales: 22 (+29.4%)
- Benchmark Price: $367,700 (-2.8%)
- Days to Sell: 62 (+28.3%)
- Inventory: 152 (+3.4%)
Neighborhood Trends
Following February 2025, the Kamloops housing market showed strong growth in several key areas. Aberdeen saw a 50% rise in single-family home sales, reaching a benchmark price of $854,000.
Brocklehurst experienced a surge of 200% in home sales, alongside a 4.2% price increase.
South Kamloops saw a 25% jump in apartment sales, while single-family homes rose 50% to $674,800.
Sun Peaks remained steady in townhouse sales, but apartment sales skyrocketed by 400%, highlighting a growing demand for multi-unit housing options. Overall, these trends reflect a dynamic and active real estate market in Kamloops.
Key Takeaways
- The market remains active despite a decrease in new listings.
- Single-family home prices saw a modest increase, while condos and townhouses experienced slight declines.
- Apartments had the strongest sales growth, reflecting increased demand in this segment.
Kamloops continues to offer a dynamic housing market with opportunities for both buyers and sellers. Stay tuned for next month’s market update!
Contact Parker for more information!