“Largely uneventful year” for northern B.C. real estate market: BCNREB

She argues that shows the market here is fairly stable.

In total, 4,696 properties were sold in northern B.C. in 2012, valued at $1.08 billion. That’s up from 4,456 sales last year worth $951.6 million.
 
Fort St. John property sales continued to grow, with 825 properties changing hands last year, worth $264.2 million, compared to 773 worth $223.3 million in 2011. Along with that, the average cost for a single family residential property in this city has risen substantially over both 2010 and 2011, at $357,846. The average cost at the end of 2011 was $323,608.
 
The average house price in Fort Nelson is up to $322,002, from $314,590 at the end of 2011. However, 101 properties were sold in 2012, worth $29.2 million, which is down from 132 properties worth $33.6 million in the previous year. In addition, half of the 40 single family homes sold last year went for less than $309,000.
 
There are currently 306 properties available in Fort St. John and 70 in Fort Nelson, as of December 31, 2012.
 
The British Columbia Real Estate Association forecasts activity this year will remain moderate across the region, trending towards a stable market.
About Erica Fisher 4010 Articles

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.