Despite the last quarter, global economic meltdown, real estate sales in Fort St. John remained strong in 2008.
751 properties changed hands and they were worth more than $200 million. That compares favorably to 2007 figures, of 716 properties worth just under $180 million. By the end of year, the average selling price of a single family home in the city was up, by about $15,000, on a year-over-year basis.
The December 31st average was $305,698, as opposed to $290,774, on the same date in 2007. That was also once again, the highest average price, among the 15 member communities listed by the BC Northern Real Estate Board.
100 Mile House at just over $270,000, was in second place…and Burns Lake and Mackenzie were at the bargain end of the list at just over $101,000 and $111,000 respectively.
Across the region, the board reports sales and there worth were down, in 2008. 4,755 properties were sold worth just over $980 million. That compares to 6,639 worth more than $1.2 billion in 2007.