More homes sold for more money in Prince Rupert in 2012 compared to 2011

The numbers are in, and more properties were sold in Prince Rupert in 2012 than in 2011.

The numbers are in, and more properties were sold in Prince Rupert in 2012 than in 2011.

A total of 160 properties worth $26.8 million were sold in 2012 compared to 116 properties worth $19.3 million in 2011 – a difference of 44 properties and $7.5 million.

Of those properties, 127 were single family homes and the average selling price was $183,896. The numbers for 2012 are the highest in three years, as in 2011 there were 96 homes sold for an average of $175,217 and in 2010 there were 97 homes sold for an average of $179,090. In addition to the single family homes, there were five half-duplexes and 10 parcels of vacant land sold during the year.

However, Prince Rupert still has the lowest number of properties sold in the northwest. Neighbouring Terrace had 318 properties worth $65.9 million sell in 2012, Kitimat had 239 properties worth $41.3 million sell and Smithers had 235 properties worth $59.1 million sell.

The average selling price of homes in Prince Rupert was lower than in Smithers and Terrace, at $258,808 and $215,778 respectively, and was slightly higher than Kitimat’s $181,074.