Almost 100 fewer properties sold in Prince Rupert in 2015 than 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.

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.

Th 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 east 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

Bridgeview Marine builds fishing fleet for Queen Charlotte Lodge

Since October, the Prince Rupert-based company has been working on nine vessels for the lodge

B.C. port workers set to strike on Monday in Vancouver

A strike at two container terminals would affect Canadian trade to Asia

Service honours Marlene Swift’s life and work with North Coast Victims Services

RCMP, Prince Rupert residents attend a ceremony for Swift from inside the Salvation Army on May 23

Cruise ship 2019 season officially sails into Prince Rupert

Eleven thousand tourists expected to visit Northland Terminal this year

VIDEO: Protesters in Penticton gather to rally against sleeping-on-sidewalk bylaw

The proposed bylaw would outlaw sitting or lying on the city’s downtown sidewalks

Kamloops girl, 9, recovering from carbon monoxide poisoning now out of ICU

Her mother who was sleeping in the same tent with her did not survive

‘I think he’s still alive’: B.C. mom pleads for help finding son last seen a month ago

Family offering $5,000 reward for information leading to the safe return of Tim Delahaye

New poll suggests one-third don’t want politicians to wear religious symbols

Local politicians shouldn’t be allowed to wear hijabs, crucifixes or turbans on the job, survey suggests

Raptors fans far from home adjust plans to watch pivotal playoff game

Raptors currently lead the playoff series 3-2, and a win Saturday would vault them into NBA finals

PHOTOS: First responders in Fernie rescue baby owl who fell from nest

The baby owl’s inability to fly back to its nest prompted a rescue by first responders

Five takeaways from the Court of Appeal ruling on B.C.’s pipeline law

It’s unclear how many tools are left in B.C.’s toolbox to fight the project

Scheer says it would take Conservatives five years to balance budget

Scheeraccused the Liberal government of spending $79.5 billion of previously unbudgeted funds

B.C. man, 30, arrested for driving his parents’ cars while impaired twice in one day

The Vancouver-area man was arrested after officers caught him driving impaired twice in one day

Most Read