The number of homes sold through the MLS® System of the Kamloops and District Real Estate Association totaled 211 units in November 2018. This was down 5% (11 sales) from November 2017 but was still above both the five and 10-year averages for the month.
On a year-to-date basis, home sales totalled 2,861 units over the first 11 months of the year. This was down 9.5% from the same period in 2017.
“Home sales popped back up to above-average levels in November,” said Doren Quinton, President of the Kamloops and District Real Estate Association. “Given how tight the market has been this year, the average home price in the region is on track for the largest year-over-year gain in a decade.”
The average price of homes sold in November 2018 was $405,411, rising 11.4% from November 2017.
The more comprehensive year-to-date average price was $390,562, up 7.4% from the first 11 months of 2017.
The dollar value of all home sales in November 2018 was $85.5 million, up 5.9% from the same month in 2017 and a new record for that month.