Prince Rupert real estate sales hit three-year high

Aside from Prince George and Fort St. John, more single family homes were sold in Prince Rupert than any other community in Northern B.C.

Aside from Prince George and Fort St. John, more single family homes were sold in Prince Rupert than any other community in Northern B.C. during the first three months of 2014.

Numbers released by the Northern B.C. Northern Real Estate Board show there were 56 homes sold in the city during the first quarter of the year, up from 48 last year and 21 the year before. The next nearest town was neighbouring Terrace, which had 43 homes sold.

Along with an increase in the number of homes sold, the average selling price hit a three-year high of $190,461. However, that average selling price is still well below Kitimat, Terrace and Smithers at $321,786, $294,067 and $237,652 respectively.

In total, 83 properties of all types sold during the past three months compared to 66 properties sold in the first quarter of 2013. However, the $18 million in total value was only slightly above the $17.7 million in total value sold last year.

As of March 31, there were 177 properties on the market through the Multiple Listing Service, a drop of 43 from the end of last March.