FORT ST. JOHN, B.C. – The BC Northern Real Estate Board says that 3,834 properties worth $973.2 million were sold through the Multiple Listing Service (MLS) in the first 9 months of 2016.
BCNREB Past President David Black says that areas like Fort St. John are seeing a slow down in sales.
“While most communities in the BC Northern Board area are fairly stable and in line with sales from 2015, there are some communities experiencing significant changes year over year. The markets tied closely to the oil and gas developments, such as Fort St. John and Fort Nelson, are still seeing significantly lower sales volume; while in 100 Mile House current year sales are almost double the year-to-date total for 2015.
Prince George is having a good year with a stable economy and the positive outlook on growth from the Conference Board of Canada. Sales volumes are virtually the same as 2015 while prices have increased.”
As of September 30th in Fort St. John:
- 303 properties worth $114.5 million were reported sold in the area, compared to 578 properties worth $210.1 million in September of 2015.
- Half of the 136 single family homes sold so far in 2016, sold for less than $390,000. These homes took an average of 79 days to sell. 22 parcels of vacant land, 40 half duplexes, 27 homes on acreage, 15 manufactured homes in parks and an additional 33 manufactured homes on land, were reported sold. At the end of September there were 816 properties of all types available for purchase through MLS in the Fort St. John area.
The average selling prices were as follows:
- September of 2014: there were 324 units. The average selling price was $410,197.00
- September of 2015: there were 220 units. The average selling price was $438,904.00
- September of 2016: there were 136 units. The average selling price was $413,809.00