News and event information for Williams Lake, BC - as it happens.

Unlike the stories coming out of the US or other larger Canadian cities, 2012 was a largely uneventful year for BC Northern overall. There have been minor fluctuations in average prices, dollar volumes and number of units sold; showing that the market is fairly stable. Although inventory has dropped in some areas, activity remains moderate. BCREA forecasts suggest the upcoming year will continue the trend toward a stable market.

In , 315 sales worth $68 million were reported through MLS® in 2012, down from 324 sales worth $65.5 million the previous year. Half of the 126 single family homes sold in 2012 sold for less than $235,000. 20 parcels of  vacant land, 80 homes on acreage, 14 townhomes, 27 manufactured homes in parks and 32 manufactured homes on land were also sold in 2012. At the end of December there were 352 properties of all types available through MLS® in the Williams Lake area, up from 342 properties at the same time last year.

In the 100 Mile House area, 291 properties worth $58.5 million sold this year through MLS®, compared with 291 properties worth $55 million in 2011. The 91 single family homes that sold in 2012 had a median value (half sold for less) of $218,000. In addition, 72 parcels of vacant land, 65 homes on acreage, 24 manufactured homes on land, 9 manufactured homes in a park, and 21 recreational properties changed hands in 2012. At the end December there were 525 properties of all types available for sale through MLS® in the 100 Mile House area, down slightly from 541 properties at the end of 2011.

295 properties changed hands in the Quesnel area in 2012 through MLS®, up from 248 that were sold in 2011. The value of these properties was $51.9 million ($42 million in 2011). The median value of the 124 single family homes sold in 2012 was $199,000. In addition, 43 parcels of vacant land, 58 homes on acreage, 23 manufactured homes in parks and a further 30 on land were reported sold in 2012. At year end there were 233 properties of all types available for purchase through MLS® in the Quesnel area, up from 215 properties at the end of 2011.

The REALTOR® members of the BC Northern Real Estate Board (BCNREB) reported 4,696 property sales worth $1.08 billion in 2012 through the Multiple Listing Service® (MLS®), up from last year’s 4,456 sales worth $951.6 million.

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