Realty sales fall in 2015

Almost 100 fewer properties were sold in Prince Rupert during the first three quarters of 2015 compared to the same time in 2014...

Almost 100 fewer properties were sold in Prince Rupert during the first three quarters of 2015 compared to the same time in 2014 according to numbers released today by the B.C. Northern Real Estate Board.

A total of 168 properties worth $39.7 million was sold through to the end of September compared to 263 homes worth $55.4 million through to the end of September 2014, a drop of 95 properties and $15.7 million.

The average selling price of single family homes, however, continues to greatly exceed the value realized in the past several years. The average price of the 126 homes sold in Prince Rupert so far in 2015 is $248,865, up $34,729 from the same time period in 2014 and up $55,174 from the average selling price at the end of September 2012. Homes in 2015 have taken an average of 94 days to sell.

The decline in property sales is not unique to Prince Rupert in the context of the Northwest. Terrace saw its sales drop from 288 properties worth $72.5 million in 2014 to 225 properties worth $57.6 million in 2015 and Kitimat saw its sales drop from 128 properties worth $35.9 million to 89 properties worth $24.4 million. Of all the communities west of Prince George, only Fort St. James, Burns Lake and Houston saw an increase in the number of homes sold in 2015.

There are currently 179 properties for sale in Prince Rupert through the Multiple Listing Service.

 

Just Posted

Part 2: Online shopping, taxes and labour pressure on Rupert’s retail

Part Two of a series investigating the shrinking retail sector on the North Coast of B.C.

Fire crews put out basement fire on 6th Avenue East

Prince Rupert fire chief said the fire is not being considered suspicious

Northern Savings buys old Dairy Queen building

Old Prince Rupert DQ building has been vacant in since the 1990s

VIDEO: This is what buying legal pot in B.C. looks like

Take a look inside B.C.’s first and only legal pot shop located in Kamloops

Commercial diver from Prince Rupert drowns in Hecate Strait

WorkSafeBC and BC Coroners Service are investigating the diving incident south of Dewdney Island

This Week Pocast – Episode 107

Rainbow Nation’s host Russel Adams joins the show to talk about elections, cannabis and Halloween

Delivering the paper as a family

The Northern View is looking for newspaper carriers in Prince Rupert, join our team today

Proportional representation grows government, B.C. study finds

Spending, deficits higher in countries where voting system used

Black market will thrive until small pot growers and sellers included: advocates

Advocates say the black market will continue to thrive until small retail shops and craft growers are included in the regime.

Goodbye cable, hello Netflix: 1/3 of Canadians cut the cord

Just under half of households no longer have a landline phone

‘Some baloney’ in assertion Canada’s pension fund has highest ethical standards

The Canadian Press Baloney Meter is a dispassionate examination of political statements culminating in a ranking of accuracy on a scale of “no baloney” to “full of baloney”.

In Mexico Beach after Hurricane Michael, some coming home find no home

State emergency management officials said some 124,500 customers across the Panhandle were still without power Wednesday morning and 1,157 remained in shelters.

Man linked to Saudi prince at consulate when writer vanished

Saudi Arabia, which initially called the allegations “baseless,” has not responded to repeated requests for comment from The Associated Press over recent days.

Manhunt in Crimea for possible accomplice in school attack

An 18-year-old student, who later killed himself, was initially believed to be the only one involved

Most Read