Home Sales and Prices Up in Northern Region
Prince George, B.C.- The average selling price of a home in the BC Northern Real Estate Board’s region was up by nearly 4% last month compared to February of last year.
The latest report indicates the average price in the Northern region was $268,955 last month compared to $259,078 in February of 2016. That’s an increase of 3.8%.
There were fewer homes to choose from throughout the region last month, as the 1,982 listings represented a 6.3% drop in listings compared to the same month a year ago.
There were a total of 254 residential sales last month in the BC Northern region, up 5% from February of 2016.
A decline in pricing and sales in the lower mainland caused the Provincial totals to plunge. Provincially, total sales were down 31.7% compared to the same period in 2016.
BC Real estate Association Chief Economist Cameron Muir says last month’s numbers show “Consumer demand has returned to a more typical level.”