The B.C. Northern Real Estate Board (BCNREB) has reported 3,443 properties worth $740 million sold through the Multiple Listing Service (MLS) in the first nine months of 2011 compared to 3,441 properties worth $697 million in the same time period last year.
So far this year in 100 Mile House, 224 properties worth $43.2 million have changed hands compared to 285 properties worth $54.2 million to the end of September 2010.
Half of the single-family homes have sold for less than $226,000 and took on average 151 days to sell.
“In spite of the slow spring, the market continues to be stable,” says BCNREB president Victor Prystay.
“Although average sale prices are generally slightly higher, with the good inventory of quality properties available in the region and interest rates remaining at all-time lows, it would seem to be an opportune time for buyers to investigate the market.”
