Real Estate Market Report for Kamloops, BC
Posted by Steve Harmer on Monday, November 16th, 2015 at 6:53pm.
Updated : Oct 2015
Houses
- Median price $399,900
- Monthly growth 0.52 %
- Quarterly trend
- Stock on market 1.72%
House Report
Across the country as a whole, Kamloops is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices. The median house price listed in Kamloops this month is $399,900. If you’re looking at investment properties in Kamloops, then you’re most likely to find homes with 3 bedrooms on sale this month. From our data, it appears that neighbourhood is number 30th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10. It’s never an exact art, but to try to forecast how property is going to appreciate in Kamloops for investors, it’s important to look at data like:
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Kamloops, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 740, this month we show 634.
Apartments
- Median price $269,900
- Monthly growth 0.89 %
- Quarterly trend
- Stock on market 0.30%
Apartment Report
Canada’s national median home listing price this month is $278,850, which means that Kamloops is in the top 40% for Canada. When our research team crunched the numbers we calculated that Kamloops has a median home price of $269,900. Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Oct this neighbourhood’s most common listing has properties with fewer bedrooms. British Columbia has the third most amount of properties available to property investors, with Kamloops having 23th most in the province, out of a total of 133.
As one of British Columbia’s many potential real estate investment neighbourhoods, Kamloops needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Kamloops, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 137, this month we show 112.
| Beds | Median price (House) | Median price (Apartment) |
|---|---|---|
| 1 bedroom | $314,900 | $228,500 |
| 2 bedrooms | $299,900 | $279,900 |
| 3 bedrooms | $367,000 | $278,900 |
| 4 bedrooms | $453,450 | $307,000 |
| 5 bedrooms | $509,900 | |
| 6 bedrooms | $537,400 |
Why not sign up for our free home buyers e-book - CLICK HERE
© http://www.canadianrealestatemagazine.ca/top-neighbourhoods/kamloops-bc-904.aspx