Residential Real Estate Stats - update for January, 2016

BCREA was excited to announce December's record residential housing sales:

The average MLS® residential price in the province climbed above the $700,000 threshold for the first time in BC last month, rising 19.7 from December 2014 to $700,943. 

Cameron Muir, BCREA Chief Economist reports “BC home sales breached the 100,000 unit threshold in 2015, and it was only the third time on record that this high watermark was achieved.”  CLICK HERE to view podcast.

However, that’s BC’s “lower mainland” somewhat skewing the stats. Compare those numbers with the rather stable market for the Kamloops region, where prices remain stable, and December sales were quieter in December over the previous year.

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