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Northern BC real estate Q3 holds steady

Northern BC real estate Q3 holds steady

The BC Northern Real Estate Board says transactions for 2017 look much the same as last year at this time.

President John Evans says, for many communities, it’s steady as she goes as a billion dollars worth of properties have changed hands this year compared with $973 million at this point in 2016.

Prince Rupert sales are up slightly, Kitimat’s sales are slightly lower and inventory is down from last year. Sales and number of listings in Terrace have dipped slightly. In Smithers, both sales and number of listings have risen, though there is still a supply crunch in residential detached housing.

Williams Lake had relatively no change in sales activity when compared to last September, while Quesnel sales and dollar volumes are up.

In the north, Site C seasonal layoffs don’t seem to have hit the market in Fort St. John where housing sales are up and inventory is down slightly.

The board says Prince George continues to have a limited inventory of single detached homes while the market has seen a bump up in sales activity and average sale price.

About Bill Fee

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