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Prince Rupert real estate sales booming

Prince Rupert is experiencing a real estate boom.

In the first three months of 2013 there were 66 properties worth a combine $18.1 million sold in Prince Rupert, including 48 single family properties, two townhouses and three parcels of vacant land. That number is up by 38 properties and $14 million compared to the first three months of 2012.

The numbers also put Prince Rupert at the top of the northwest when it comes to realty sales. In Terrace there were 60 properties worth $11.5 million sold in 2012, while Kitimat saw 18 fewer properties sold for $3 million less, falling from 78 properties last year to 60 this year.

The average selling price of homes in Prince Rupert was also at a three-year high. Homes in the first quarter of 2013 had an average selling price of $185,918 compared to $168,907 in the first quarter of 2012 and $171,909 in 2011.

At the end of March there were 220 properties for sale on the Multiple Listing Service, down from 231 last year but still the highest in the region.

Look for more on this story in the April 10 issue of the Prince Rupert Northern View

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