Real Estate Market Stable in PG for 1st Quarter
Prince 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.