The British Columbia Northern Real Estate Board (BCNREB) reports 3,928 properties worth $1.1 billion sold through the Multiple Listing Service® (MLS®) in the first nine months of 2018. At this time last year, 3,878 properties worth $1 billion were bought and sold. As of Sept. 30, there were 3,757 properties of all types on sale through the MLS®, down from 4,148 properties at the end of September last year.
Commenting on the real estate trends, BCNREB President Court Smith said, “In the Board region overall, there was a 1.28 per cent increase in sales and a 9.42 per cent decrease in the number of active listings. Real estate markets are local, of course, and while many markets, such as Terrace and Kitimat, have increased sales year over year; other markets have shown a decrease in the number of sales.
The economy in the north and north central regions of BC remains strong and the recent LNG announcement will hopefully renew consumer confidence in the Peace region.
Bulkley Nechako Region:
Burns Lake: So far this year 63 properties worth $9.2 million have been reported sold through MLS® compared to 76 properties worth $12 million in the first nine months of 2017. At the end of September, there were 95 properties of all types available for sale through the MLS® in the Burns Lake area.
Houston: Up to the end of September, 26 properties worth $4.8 million were sold in the Houston area, compared with 38 properties worth $7.3 million in the same period last year. At the end of September, there were 54 properties of all types available for purchase through MLS®.
Smithers: As of Sept. 30, 202 properties worth $61.3 million changed hands in the Smithers area, compared with 217 properties worth $56.7 million in the first nine months of 2017. Half of the 83 single family homes sold this year went for less than $304,000 and these homes took, on average, 55 days to sell. A total of 25 parcels of vacant land were sold this year, 51 homes on acreage, 12 manufactured homes in parks and nine manufactured homes on land. As of Sept. 30, there were 160 properties of all types available through the MLS® in the Smithers area.
Vanderhoof: REALTORS® assisted in the sale of 94 properties worth $20.1 million in the first nine months of the year compared with 90 properties worth $17.1 million in the same period last year. Half of the 41 single family homes sold so far this year, sold for less than $239,900 and these homes took around 63 days to sell. Also changing hands were 17 parcels of vacant land and 15 homes on acreage. There were 118 properties of all types available at the end of September through MLS® in the Vanderhoof area.
Fort St. James: 39 properties worth $7.8 million were reported sold to the end of September, compared with 44 properties worth $7.5 million in the same period last year. As of Sept. 30, there were 77 properties of all types available for purchase through MLS® in the Fort St. James area.
