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October 27, 2017 11:28 pm

Real Estate Market Stable in PG for 1st Quarter

Thursday, April 7, 2016 @ 3:43 PM

house for salePrince George, B.C.- The real estate market in Prince George  saw a slight increase in activity in the first quarter of 2016 compared to the same period a year ago.According to the latest stats from the BC Northern Real Estate Board,  there were 281 properties of all types,  worth $76.3 million  sold in the first three months of  2016.  That  compares to 244 properties valued  at $61.5 million in the first quarter of 2015.

In the west part of the City the median price of the 53 single family homes that have sold on MLS® was $260,000  up from $234,000 last  year.

East of the By-pass, the 34 single family homes that sold had a median value of $215,000 up from the median value of $180,000 in  the first three months of 2015.

In the Hart area of Prince George,  43  single family homes sold with a median value of $289 thousand, unchanged  from  the first quarter of 2015.

In the southwestern section of the City, 51 homes have sold since January with a median price of $312,000  which is a drop  from the $355,000 recorded  during the same period  a year ago.

There were  fewer properties available at the end of March with 600 properties available for sale, compared to 644 at the same time last year.




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