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

Broken axle caused New Hazelton train derailment: TSB

It could happen again without a different way to inspect trains

Cullen remains uncertain about political future

Says he’ll make decision in early March

Crews begin Highway 16 upgrades

The province promised updated lighting and signalling late last year

Terrace resident’s bill banning single-use plastics introduced in Ottawa

MP Nathan Cullen’s presented Ben Korving’s private member’s bill Wednesday

Ice skating on the North Coast, a rare treat

Seawolves hockey players bring their gear to Oliver Lake this week to play on the outdoor rink

Galchenyuk scores in OT as Coyotes edge Canucks 3-2

Vancouver manages single point as NHL playoff chase continues

B.C. legislature moving suspended staff controversy to outside review

Whale watching, Seattle Mariners trips billed as emergency preparedness, Speaker Darryl Plecas says

More people signing up for compulsory vaccines

Maple Ridge mom says public tired of hearing about measles

UPDATE: Man charged in stabbing of woman, off-duty cop outside B.C. elementary school

Manoj George, 49, is facing two counts of aggravated assault and two counts of assault with a weapon after the incident on Wednesday, Feb. 20.

Why do zebras have stripes? Perhaps to dazzle away flies

Researchers from University of Bristol look into why zebras have stripes

Poll: More voters believe Canada doing worse under Trudeau government

22 per cent believed the country is doing better and 27 per cent said things are the same

HBC shuttering Home Outfitters across Canada

North America’s oldest retailer is revamping its various stores to improve profitability

BC SPCA investigates Okanagan woman with prior animal abuse convictions

BC SPCA is investigating a property near Vernon

Most Read