Kamloops Market in 2025: What you really need to know
We’re only a few months into 2025, and already the Kamloops real estate scene is showing us it’s not messing around. Whether you're buying your first place, selling to upgrade, or just watching the market, you need to know what’s actually happening out there—not the fluff. Let’s break down the numbers, spot the trends, and talk strategy—so you can make moves with confidence.
So, What’s Going On in Kamloops Right Now?
Here’s what I’m seeing on the ground: the market’s got its swagger back. January kicked off strong with 140 residential units sold—that’s a 13.8% jump from January 2024. We also had 398 new listings, up 28.4% year-over-year. Translation? More inventory for buyers to choose from and a little more room for negotiation—but sellers still have plenty of power if they play it right. (https://stats.crea.ca/board/kaml)
Let’s look at benchmark prices:
- Single-Family Homes: Averaged $635,000 in January. That’s down about $13K from December, and about 2.4% down year-over-year. (https://stats.crea.ca/board/kaml)
- Townhouses: Averaged $495,100, down $12,200 from last month, and also about 2.4% down from 2024. (https://stats.crea.ca/board/kaml)
- Condos: Came in at $354,700—down 7.8% year-over-year, but actually up $5,600 from December. (https://stats.crea.ca/board/kaml)
Bottom line? Prices are shifting—but not crashing. That dip is creating some opportunity, especially for buyers who were on the sidelines last year.
Big Trends I’m Watching in 2025
Here’s what I’ve got my eye on this year:
- Sales Are Picking Up: The BCREA is calling for a 13% increase in MLS® residential sales across the province—looking at 84,500 units sold in 2025. (https://www.bcrea.bc.ca/economics/housing-forecast-update/)
- Prices Will Nudge Up: After holding steady in 2024, prices are expected to climb about 3.3% across BC this year. (https://www.bcrea.bc.ca/economics/housing-forecast-update/)
- More Balance is Coming: With more listings hitting the market, we’re moving toward a more balanced playing field—finally. (https://www.bcrea.bc.ca/economics/housing-forecast-update/)
Rates, Mortgages & Money: Here’s What’s Helping
Mortgage rates have eased off a bit, and that’s breathing life into the market. Add in the federal push—longer amortization periods for first-time buyers, higher mortgage insurance caps—and we’re looking at better affordability, at least in the short-term.
Selling in 2025? Here’s What You Gotta Know
If you're planning to sell this year, strategy matters more than ever. Here’s how I coach my sellers:
- Price Right or Get Left Behind: Buyers are savvy, and there’s more competition. Don’t chase the market—hit the sweet spot with your pricing and you’ll move your property faster.
- Stand Out or Blend In: More listings means more noise. I’m talking pro-level marketing, killer photos, and staging that pops. That’s how we cut through and get top dollar.
Buyers—This is Your Moment
If you’re looking to buy, you’ve got some serious tools in your belt right now:
- Lock Down Financing: Pre-approvals are key. Rates are decent, and new policies are opening doors—use them to your advantage.
- Move Fast, But Smart: Inventory’s growing, but so is competition. When the right place hits the market, be ready to pull the trigger.
Navigating this market doesn’t have to be a grind. Whether you’re buying or selling, I’ve got the local knowledge, the experience, and the hustle to help you crush your real estate goals in 2025.
Let’s make it happen.
Call me! Real estate is what I do!
📞 (250) 318 1366