Jennifer Huseby's Real Estate Blog

Even though the weather is beginning to cool, the market remains hot!  According to Kamloops This Week, 362 unit sales recorded (for a value of $128 million) compared to 264 unit sales (for a value of $84 million) sold in August of 2015.

Aberdeen led the way with 43 sales, followed by Brocklehurst at 30 transactions.

As it happens, I have a listing in the favourable subdivision of Aberdeen at 862 Greybriar Court.

2 Storey Single Family Home on a cul-de sac

And to combat the heat of the market, check out the new event in Kamloops – “Brew Loops.” A multi-day experience in beautiful Kamloops, BC with some of the best beer, food and mountain biking the world has to offer. It is a beer and bike festival celebrating Kamloops Culture.  Have fun and be safe!

B.C. Assessment’s changes in Kamloops are as follows (2014 versus 2013):

* Valleview, $479,584 in 2014 versus $470,419 in 2013. Up 1.95 per cent
* Sahali, $433,570 versus $436,886. Down 0.8 per cent
* Juniper, $405,336 versus $410,285, Down 1.2 per cent
* Aberdeen/Dufferin, $368,578 versus $369,847. Down 0.3 per cent
* Barnhartvale, $368,362 versus $366,884. Up 0.4 per cent
* Westmount/Batchelor Heights, $354,340 versus $345,092. Up 2.7 per cent
* South Sahali, $341,701 versus $342,160. Down 0.13 per cent
* Westsyde, $339,005 versus $338,096. Up 0.3 per cent
* Rayleigh/Heffley Creek, $335,275 versus $334,464. Up 0.24 per cent
* North Shore, $287,274 versus $284,265. Up 1.05 per cent.
Source:http://www.kamloopsnews.ca/article/20140102/KAMLOOPS0101/140109987/0/kamloops/kamloops-property-values-show-stability

By Michele Young/Daily News Staff Reporter
Property assessments are in the mail to almost 35,000 Kamloops building owners, but overall they shouldn’t see huge changes to their taxes.
B.C. Assessment doesn’t project any major changes — up or down — for 2014.
Deputy assessor Graham Held said Thursday the range this year is about five per cent above or below that of last year’s assessment.
“That’s about as stable as I have seen it,” said the 20-year real estate assessor.
Adding to the accuracy of this year’s assessments is the fact there were more sales than there have been in some years, Held said.
Sales volumes for Kamloops were up by more than seven per cent from last year, which gives a broader basis for the calculations.
“So we had more sales to use to set the roll, which is good for us,” he said. “It also speaks to the strength of the local economy and market.”
The increase in assessments due to growth was $161 million — down from $171 million last year, but still a solid figure, said Held.
For the City, that $161 million in new growth translates into $900,000 in new tax revenue.
Assistant finance director Doug Stewart said the numbers are almost exactly what the City projected in its preliminary 2014 budget figures.
“That’s right where we had anticipated when we put the budget together,” he said. “We were hoping we were estimating low.”
At this stage, the City budget is sitting at a possible two-per-cent tax increase for 2014. But council still hasn’t gone through supplementary items and hasn’t held its final public consultation yet.
Those who don’t get their assessments by the end of next week should call the B.C. Assessment office or contact the office online. The deadline to appeal any assessments is Jan. 31.
Usually fewer than two per cent of assessments are appealed.

Homeowners can also get an idea of what other properties on their street are worth by going to B.C. Assessment’s website (bcassessment.ca) and clicking on the e-valueBC comparison. The link even includes photos of homes.

Property assessments for 2014 in the region around Kamloops slid more than they did in the larger centre in their midst.
* Chase’s 1,400 properties went down between one and 10 per cent, putting the village’s assessment roll at $329 million compared with $338 million last year.
* Logan Lake properties ranged from dropping as far as five per cent to going up five per cent in 2014.The community’s assessment roll rose to $375 million, compared with $349 million in 2013.
* Assessments in Merritt ranged from falling five per cent to increasing five per cent for 2014. The assessment roll dropped slightly overall, hitting $892 million for this year compared with $898 million last year.
* North Thompson property owners had a broader range of assessment variations, with them ranging between falling by 10 per cent to jumping by 10 per cent in 2014. Barriere’s assessment roll fell to $193 million in 2014 compared with $200 million last year, while Clearwater’s increased to $334 million from $331 million in 2013.
* Property assessments went downhill in Sun Peaks in the past year, ranging from zero change to falling by 10 per cent. The community’s assessment roll went down to $493 million in 2014, compared with $528 million the previous year.
* South Cariboo/Gold Trail assessment changes hovered around the same range as those in Kamloops, somewhere between dropping by five per cent to increasing by five per cent. In Ashcroft, the assessment roll fell to $175 million from $180 million in 2013, while in Cache Creek it also went down, reaching $98.6 million from $101 million the previous year. In Clinton, the roll declined to $66.5 million from $66.8 million, while in Lytton it stayed the same as 2013 at $37.8 million.
* Lillooet properties dropped between five and 10 per cent in 2014. The community’s 1,400 properties totaled $296 million in value for 2014, compared with $306 million last year.
Source:http://www.kamloopsnews.ca/article/20140102/KAMLOOPS0101/140109985/0/kamloops