Downtown, Kamloops - October 2026 Real Estate Report
Downtown Kamloops: Your Home Is Worth More Than the City Thinks
If you own property in Downtown Kamloops and you've been going off your tax assessment, you're leaving real money on the table. The city says your house is worth one thing. The market says something else entirely. Here's what's actually going on.
The Vibe - Houses vs. Condos
Houses: Solid Ground, Cooling Pace
We've seen some month-over-month softness in the house market. The average sale price sits at $460,000, down 25.8% from last month, and only 2 houses sold - half the volume of the previous period. That's the market taking a breather, not falling apart.
- Average sale price: $460,000
- Average list price: $474,900
- Price per square foot: $450
- Sold-to-list ratio: 96.73% - buyers are negotiating, and winning small
- Average days on market: 24
- Properties sold this period: 2
Houses here are sitting on the market for 24 days. That's slower than Sagebrush at 21 days, but faster than Lower Sahali at 35 days. We're in the middle of the pack. The HonestDoor predicted value for houses is $776,121 - up from the 3-month moving average of $773,803. That upward trend matters. And on the neighbourhood leaderboard, Downtown houses rank 4 out of 27 in Kamloops for growth. That's a top-tier result.
Condos: High Value, Slower Sales
The condo picture is more nuanced. Sales are down 25% from last month, with 3 units sold at an average of $340,733. Condos are sitting on the market for 55 days on average, which is longer than nearby Lower Sahali at 35 days. Buyers are taking their time, and sellers need to price sharp.
- Average sale price: $340,733
- Average list price: $356,267
- Price per square foot: $368
- Sold-to-list ratio: 95.55% - more room to negotiate than the house market
- Average days on market: 55
- Properties sold this period: 3
Here's the interesting part. The HonestDoor predicted value for condos is $1,038,480 - up from the 3-month moving average of $1,013,934. The growth rate ranks 6 out of 27 in Kamloops. That's above average on the leaderboard. Rental yield sits at 3.50%, which is moderate but real. Estimated rent is $3,626 per month. If you're holding a condo here as an investment, the fundamentals still work.
The Secret Sauce - Your HonestDoor Price vs. Your Tax Assessment
This is the part most homeowners miss. The city's assessed value is a snapshot from the past. It doesn't update in real time. It doesn't know what sold on your block last Tuesday.
For houses in Downtown Kamloops, the average assessed value is $723,630. The average HonestDoor Price is $782,030. That's a gap of 8.07% - real dollars the assessment is leaving uncounted.
For condos, the gap is even wider. The average assessed value is $432,898. The HonestDoor Price is $1,033,614. That's 138.77% higher than what the city has on file. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using the assessed value alone is working with outdated information.
The HonestDoor Price is the real-world check. It pulls in current transaction data, market movement, and neighbourhood trends. It's what your property is actually worth today, not what a government office calculated months ago.
The So What - Should You Sell This Summer?
Here's the honest read for anyone thinking about listing in Downtown Kamloops this summer.
For house sellers - the market is softer right now. Volume is down and buyers are negotiating below list. But your predicted value is trending up, and ranking 4th out of 27 neighbourhoods in Kamloops for growth means you're in a strong position compared to most of the city. If you price it right and don't chase last year's peak, you can still get a solid deal done. Overpricing right now will cost you time, and time is days on market, which is the one number buyers watch closely.
For condo sellers - patience is the word. With 55 days on market and a sold-to-list ratio of 95.55%, buyers know they have options. But the HonestDoor predicted value is climbing, and the rental demand here is real - $3,626 per month estimated rent gives investors a reason to buy. Position your condo toward that buyer and you'll find your audience faster.
Bottom line - Downtown Kamloops is not a market in trouble. It's a market recalibrating. The neighbourhoods around us - Sagebrush, Lower Sahali, West End - are all priced lower than we are for houses. We're holding a premium. The question is whether you use this window to sell into it, or wait and see what the fall brings.
Check your HonestDoor Price before you do anything else. It takes two minutes and it'll tell you more than any tax notice ever will.
downtown | kamloops | october 2026This 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.