The number of homes sold through the MLS® System of the Kamloops and District Real Estate Association totaled 120 units in April 2020. This was a decline of 55.9% from April 2019 and was one of the lowest level of sales on record for the month.
On a year-to-date basis, home sales totalled 681 units over the first four months of the year. This was a decrease of 17.7% from 2019.
“As was widely expected, home sales and new listings both came in well-below average levels in April as both buyers and sellers complied with government directives and public health measures to stay home and limit the spread of COVID-19,” said Wendy Runge, President of the Kamloops and District Real Estate Association. “That said, REALTORS® were deemed a non-health essential service to assist clients during this challenging time and have adopted new technologies to showcase properties and complete all necessary documents. When in-person viewings are necessary, strict sanitary protocols are implemented to protect the health and safety of clients.”
The average price of homes sold in April 2020 was $416,204; this was little changed, up only 0.3% from April 2019.
The more comprehensive year-to-date average price was $422,345;edging up2.1% from the first four months of 2019.