Home News Regional news Cariboo real estate to maintain a healthy level of growth

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BCNREB

The BC Northern Real Estate Board (BCNREB) reports 2,483 properties sold through the Multiple Listing Service® (MLS®) in the first six months of 2012, up from the 2,153 sales reported in the first half of 2011. The value of these properties was $566.3 million compared with $463 million in 2011. At the end of June there were 4,835 properties of all types available for purchase through the MLS® of BCNREB, down from 5335 at the same time last year.

BCNREB President Joni Brown comments, “Sales are up pretty much across the Board and listing inventory is down slightly. Prices have increased some, but not drastically, and show the steady and healthy trend of a stable market.” She continues “All indicators from the economists are that BC Northern will maintain a healthy level of growth. Interest rates are still on the historical low end while prices remain reasonable, making it a great time for investors to build their portfolios in the real estate sector, and for homeowners to upgrade or enter the market.”

Williams Lake: 156 properties have sold so far this year, compared to 167 properties by June 30th of 2011. The value of these properties is $32.9 million ($34.9 million in 2011). Of the 62 single family homes sold this year, half sold for less than $233,000. These homes took, on average, 66 days to sell. In addition, 9 parcels of vacant land, 6 townhouses, 37 homes on acreage, 14 manufactured homes in parks and a further 20 on land changed hands in the first six months of 2012. At the end of June there were 482 properties of all types available for purchase through the MLS® in the Williams Lake area.

100 Mile House: 126 properties worth $25.2 million have changed hands through the MLS® in the area since January 1st. This compares with 135 properties worth $25.9 million in the same period in 2011. Half of the 47 homes sold so far this year, sold for $218,000 or less and, on average, it took 144 days for these homes to sell. Also reported sold were 32 parcels of vacant land, 22 homes on acreage, 4 manufactured homes in parks and 9 on land and 7 recreational properties. At the end of June there were 900 properties of all types available for purchase through the MLS® in the 100 Mile House area.

Quesnel: In the Quesnel area, REALTORS® reported 148 sales worth $25.9 million so far this year, compared to 105 sales worth $20.5 million in the first six months of 2011. Of the 67 single family homes sold between January and June, half sold for less than $205,000; these homes took, on average, 85 days to sell. In addition, 23 parcels of vacant land, 29 homes on acreage, 5 manufactured homes in parks and 17 manufactured homes on land have sold in the first six months of 2012. As of June 30th there were 366 properties of all types available for purchase through the MLS® in the Quesnel area.

 

 

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