Average home price in city up nearly $10K
The price of a single-family home rose by $9,595 while the number of sales leveled off, according to mid-year numbers released by the B.C. Northern Real Estate Board.
The average sale price stood at $366,073 as of the end of June while there were 449 sales, four fewer than by midpoint 2018.
Activity added up to $164.4 million, up 1.8 per cent last year, which in turn saw a 1.4-per-cent decline from 2017 when there were 515 sales at $317,856 on average.
Looking at properties of all types, 697 worth $245.7 million have changed hands so far this year, compared with 691 properties worth $216 million in the first six months of last year.
In the western part of the city, the median price of the 124 single-family homes that have sold through the Multiple Listing Service was $333,000, compared to $315,000 on 132 sales by the same point last year.
In the area east of the bypass, the 101 singlefamily homes that sold had a median price of $280,000, compared to $251,865 on 84 sales.
In the northern part of the city 84 single-family homes sold with a median price of $377,500, compared to $357,500 on 84 sales.
The 136 single-family homes that sold in the southwest section of the city had a median sale price of $429,900 compared to $425,000 on 148 sales.
At the end of June there were 658 properties of all types available for purchase through the MLS.
The full report is posted online with this story at www.pgcitizen.ca.