Av­er­age home price in city up nearly $10K

The Prince George Citizen - - Front Page - Cit­i­zen staff

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.

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