Here is your March 2025 Market Update!
The Kamloops real estate market in March 2025 showed mixed trends across property types and locations.
Market Highlights
- 185 homes sold which is a slight decrease from March 2024
- Total dollar volume reached $104.1 million, an 9.4% year-over-year
- Active listings rose by 7.2%, while new listings also increased by 6.7% for a total of 476 new listing in March
Property Type Breakdown:
- Single-Family Homes:
- Sales: 78 (down 20.4%)
- Benchmark Price: $667,800 (up 0.2%)
- Days to Sell: 58 (increased by 9.9%)
- Current Inventory: 566
- Townhouses:
- Sales: 29 (up 7.4%)
- Benchmark Price: $507,700 (down 4.2%)
- Days to Sell: 51 (a significant increase of 59.0%)
- Current Inventory: 127
- Apartments/Condos:
- Sales: 28 (down 12.5%)
- Benchmark Price: $378,800 (down 0.3%)
- Days to Sell: 77 (up by 39.8%)
- Current Inventory: 170
Neighborhood Trends
In Kamloops, neighborhood trends showed notable growth in single-family home sales.
Sun Rivers saw a 20% increase, with the benchmark price rising to $916,100.
Brocklehurst experienced significant growth, with sales up 75% and a benchmark price of $645,000.
South Kamloops also saw an increase of 14.3% in single-family home sales, reaching a benchmark price of $688,500.
Meanwhile, Sahali experienced the most substantial rise, doubling its single-family home sales while maintaining a stable benchmark price of $795,400.
Key Takeaways:
- The Kamloops real estate market is experiencing a shift, with single-family home sales declining overall but showing strong performance in specific neighborhoods like Brocklehurst, South Kamloops, and Sun Rivers
- While townhouse sales saw a slight increase, the extended time on the market for both townhouses and apartments indicates a slower pace for these property types.
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!