North Kamloops, Kamloops - September 2026 Real Estate Report

North Kamloops Real Estate: Prices Are Holding, But Your Assessment Might Be Lying to You

If you own a home in North Kamloops and you have not checked your property value lately, here is the short version: the city thinks your house is worth more than the market does right now. That gap matters, especially if you are thinking about making a move this summer.

The Vibe: What Is Actually Happening in Our Neighbourhood

Let us break it down by property type, because houses and condos are telling two very different stories right now.

Houses - Steady, Affordable, and Moving Slowly

If you have been watching the "For Sale" signs on the residential streets of North Kamloops, here is what is actually happening. Houses are selling, but buyers are taking their time.

• Average sale price: $578,400 - up 4.8% from last month
• Average listing price: $590,950
• Price per square foot: $337
• Homes are selling at 96.60% of list price - buyers are negotiating
• Only 7 homes sold this period - down 12.5% from last month
• Average days on market: 70 days
• HonestDoor predicted value: $592,439
• Rental yield: 5.47% - that is a strong return for investors
• Estimated monthly rent: $2,783

Seventy days on market is a long time. On the Kamloops leaderboard, North Kamloops houses rank 18 out of 21 neighbourhoods for how fast properties sell - meaning we are near the bottom for speed. Buyers here are not rushing. That said, the sale price ticked up nearly 5% month over month, so demand has not disappeared. It is just patient.

On price, we rank 23 out of 23 neighbourhoods in Kamloops - the most affordable option in the city. For buyers priced out of West End (average HonestDoor Price $772,822) or Tru ($1,115,157), North Kamloops is the practical choice. For growth, we sit at 12 out of 27 - right in the above-average range. Not the hottest block in town, but not cooling off either.

Condos - A Wild Number Worth Explaining

The condo data for North Kamloops has a headline number that will make you do a double-take. The average HonestDoor Price for condos is $1,811,530. That is 429% higher than the average assessed value of $342,292. Before you call your realtor, here is the context: with only 8 transactions in 2026 and 2 sales this period, a small number of high-value sales can pull that average way up. The predicted market value of $1,827,537 is also trending upward against a 3-month moving average of $1,780,851, and the growth rate ranks 6 out of 27 neighbourhoods - genuinely strong.

• Average condo sale price: $364,800 - up 1.5% from last month
• Average listing price: $384,900
• Price per square foot: $451
• Properties sold at 94.30% of list price
• Only 2 condos sold this period - down 50% from last month
• Average days on market: 67 days
• Estimated monthly rent: $5,629
• Rental yield: 2.88% - moderate returns
• Airbnb rank in Kamloops: 5th - strong short-term rental potential

The condo market here is thin - not many units, not many sales. That makes the averages swing hard. What we can say is that North Kamloops condos are outperforming most of Kamloops on growth right now, and the Airbnb potential ranks 5th in the entire city at an estimated $278 per night.

The Secret Sauce: Why Your Tax Assessment Is the Wrong Number to Trust

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already months out of date. The market does not wait for paperwork.

Right now in North Kamloops, the average assessed value for houses sits at $599,706. The HonestDoor Price - which pulls from real-time sales data - is $587,193. That is a $12,513 gap, and the HonestDoor Price has come down 0.62% from the previous period. If you are using your assessment to decide whether to sell, refinance, or even just brag at a backyard barbecue, you are working with a number that does not reflect what a buyer would actually hand you today.

The HonestDoor Price is the real-world check. It is updated continuously based on what homes are actually selling for - not what a government formula calculated eight months ago. In a market where prices are shifting month to month, that difference is real money.

The "So What?" - Thinking About Selling This Summer?

If you are weighing a summer sale in North Kamloops, here is the honest read on your situation.

The good news: sale prices for houses are up nearly 5% month over month, and we are the most affordable neighbourhood in Kamloops. That draws buyers who have been priced out elsewhere. With 2,705 properties assessed here and 71 transactions in 2026, there is real activity in this market.

The reality check: buyers are taking 70 days on average to commit, and they are negotiating - landing at about 96.6% of list price. If you price at your assessed value of $599,706, you may be starting too high. The HonestDoor Price of $587,193 is closer to where the market is actually sitting. Pricing sharp from day one will matter more than holding out for a number the market is not currently supporting.

For rental investors, a 5.47% yield on houses is genuinely attractive. If a sale is not the right move yet, the rental numbers here make holding the property a reasonable strategy while you wait for conditions to shift.

Bottom line: North Kamloops is not a flashy market right now, but it is a real one. Check your HonestDoor Price before you make any decisions - it is the number that actually reflects today, not last summer.

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.