Tranquille, Kamloops - August 2026 Real Estate Report

Tranquille, Kamloops: Here's What Your Home Is Actually Worth Right Now

If you live in Tranquille and you're still going off your last BC Assessment notice, you're working with old information. The market has moved. Here's the real picture, broken down straight.

The Vibe: Houses vs. Condos in Tranquille

The two property types in our neighbourhood are telling very different stories right now, and it's worth knowing which one you're sitting in.

Houses: The average HonestDoor Price for a house in Tranquille sits at $530,285, essentially flat with a nudge of 0.04% from the previous period. When you look at actual sales, the average sold price came in at $708,900, with listings currently asking around $739,900. Buyers are landing deals at roughly 95.84% of list price - meaning sellers are giving a little ground to close. At $278 per square foot and an average of 69 days on market, houses here are not flying off the shelf. This is a buyers' market, and the data backs that up.

• Average HonestDoor Price (Houses): $530,285
• Average Sale Price: $708,900
• Current Average Listing Price: $739,900
• Price Per Square Foot: $278
• Sale-to-List Ratio: 95.84%
• Average Days on Market: 69
• Estimated Monthly Rent: $2,588
• Rental Yield: 5.56%
• Neighbourhood Growth Rank: 18 out of 27 in Kamloops

On the neighbourhood leaderboard, Tranquille houses rank 18th out of 27 for growth in Kamloops - below average, but not at the bottom. Days on market ranks 15th out of 20, which tells us properties here take longer to sell than most of the city. Price rank sits at 17th out of 23. We're in the middle of the pack, leaning toward the lower end. That context matters if you're planning a move.

One bright spot for house owners: that 5.56% rental yield is genuinely strong. If selling isn't on your radar, renting at an estimated $2,588 per month is a solid hold strategy.

Condos: This is where things get interesting for us. The average HonestDoor Price for condos dropped to $299,525 - down 5.19% from the previous period. That's a meaningful dip. But here's the flip side: the predicted market value is actually climbing, sitting at $315,925 and trending up from a 3-month average of $312,871. Recent value change is up 5.51%.

• Average HonestDoor Price (Condos): $299,525
• Predicted Market Value: $315,925
• 3-Month Moving Average: $312,871
• Recent Value Change: +5.51%
• Estimated Monthly Rent: $1,610
• Rental Yield: 4.17%
• Neighbourhood Growth Rank: 3 out of 27 in Kamloops

That growth rank is the headline for condo owners. 3rd out of 27 neighbourhoods in Kamloops - that puts Tranquille condos among the top performers in the city right now. If you own a condo here, that's a number worth paying attention to.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment

Your BC Assessment is a snapshot taken on July 1st of the previous year. By the time it lands in your mailbox, it's already six to twelve months out of date. The market doesn't wait for paperwork.

The HonestDoor Price updates in real time using current sales data, local trends, and live market signals. For Tranquille house owners, that means knowing your home is tracking at $530,285 today - not what the city decided it was worth last summer. For condo owners watching a 5.51% recent uptick, that difference could be thousands of dollars in equity you didn't know you had.

If you're making any financial decision - refinancing, selling, buying out a partner, or just benchmarking your net worth - use the number that reflects today, not last year.

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

Here's the honest take for Tranquille homeowners eyeing a summer sale.

For house sellers, the market is taking a breather. Buyers are negotiating, homes are sitting for over two months on average, and you'll likely need to price sharp to move. The gap between list price ($739,900) and sold price ($708,900) tells you buyers have leverage right now. That doesn't mean don't sell - it means go in with realistic expectations and a competitive price from day one. Overpricing will cost you time, and time on market works against you here.

For condo sellers, the story is more encouraging. A top-3 growth rank in the city and a rising predicted value suggest momentum is building. If you've been sitting on the fence, this summer could be a reasonable window before that momentum either accelerates or stalls.

Either way, the first step is knowing what you're actually working with. Check your HonestDoor Price before you call an agent, set a list price, or make any assumptions based on what your neighbour sold for two years ago. The numbers have changed. Make sure your plan has too.

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.