Downtown, Kamloops - July 2026 Real Estate Report

Downtown Kamloops: Your Home Is Worth More Than the City Thinks

If you own property in Downtown Kamloops and you're still looking at your tax assessment to figure out what your place is worth, stop. That number is already old news. Here's what's actually happening on the ground right now.

The Vibe: What the Market Is Doing for Us Right Now

Downtown is a tale of two property types this year, and depending on what you own, the story is very different. Let's break it down.

Houses - Taking a Breather

We're seeing houses cool off a bit. The average sale price sits at $493,000, down 40.6% from last month, and homes are sitting on the market for an average of 89 days. That said, 89 days here beats nearby Sagebrush at 110 days, so demand is still relatively solid compared to our neighbours.

• Average sale price: $493,000
• Average list price this month: $511,567
• Price per square foot: $284
• Sold-to-list ratio: 96.14% - buyers are negotiating below ask
• Average days on market: 89
• Properties sold in 2026: 10 transactions
• Growth rank: 9 out of 27 neighbourhoods in Kamloops - above average
• Days-on-market rank: 19 out of 20 - one of the slower-selling pockets in the city
• Price rank: 20 out of 23 - among the more affordable house options in Kamloops

Buyers are paying below list price right now. If you're a seller, pricing sharp from day one matters more than ever. Sitting at an inflated ask is a fast way to collect days on market, not offers.

Condos - A Different Story Entirely

Condos in Downtown are genuinely one of the more interesting plays in Kamloops right now. Six units sold last month, up 50% from the month before. The market is moving. Average sale price is $446,583, and at $423 per square foot, we're getting solid value for a downtown address.

• Average sale price: $446,583
• Average list price this month: $465,433
• Price per square foot: $423
• Sold-to-list ratio: 95.84% - still slightly below ask, but close
• Average days on market: 61
• Properties sold in 2026: 28 transactions - the highest transaction volume in Kamloops
• Growth rank: 8 out of 27 neighbourhoods in Kamloops - solidly above average
• Price rank: 3 out of 15 - among the most expensive condos in the city
• Rental yield: 3.51% - moderate but consistent
• Estimated monthly rent: $3,574

Downtown condos rank number 1 in Kamloops for total transaction volume. That means more buyers are choosing this neighbourhood over anywhere else in the city. That kind of activity matters when you're thinking about liquidity.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold last month. It doesn't factor in current demand or what buyers are actually willing to pay today. The HonestDoor Price is updated in real time, and right now it's telling a very different story than the city's numbers.

For houses, the city's average assessed value is $724,103. The HonestDoor Price? $778,674. That's 7.54% higher than what the city has on file. For condos, the gap is even more dramatic. The city assessment averages $432,898, while the HonestDoor Price sits at $985,996 - that's 127.77% above the assessed value. If you're a condo owner relying on your assessment to understand your equity, you are significantly underestimating what you actually own.

• House HonestDoor Price: $778,674 (city assessment: $724,103)
• Condo HonestDoor Price: $985,996 (city assessment: $432,898)
• 763 house properties assessed this year
• 888 condo properties assessed this year

The HonestDoor Price is your real-world check. It's the number that reflects what a buyer would actually put on paper today, not what a government formula calculated months ago.

The So What - Should You Sell This Summer?

If you own a house in Downtown Kamloops, the market is softer right now. Buyers have options and they know it. That doesn't mean it's a bad time to sell - it means you need to be strategic. Price it right from the start, because homes sitting at 89 days on average are giving buyers room to negotiate. Your HonestDoor Price of $778,674 is a smarter anchor than your assessment when you're setting expectations.

If you own a condo, the picture is brighter. Transaction volume is the highest in Kamloops, sales are up 50% month over month, and the predicted market value of $991,804 is trending above the 3-month average of $986,624. Momentum is on your side. A summer listing, priced close to what the market is actually bearing, puts you in front of the most active buyer pool Downtown has seen in a while.

Either way, check your HonestDoor Price before you call an agent. Walk into that conversation knowing your real number, not the city's old one.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.