BC Northern Real Estate Board news release

The BC Northern Real Estate Board (BCNREB) stated in a news release dated July 7, 2017 that 2583 properties were sold through the Multiple Listing Service® (MLS ®) in the first six months of 2017. This is up from the 2389 sales reported in the first half of 2016.

According to the report, the value of the properties was $693.5 million compared with $611 million in 2016. Through MLS® of BCNREB, there were 7394 properties of all types available for purchase at the end of June. This is 295 down from the 4689 properties at the same time in 2016.

“The second quarter of 2017 continued to show strong sales in many regions,” said John Evans, president of BCNREB. “June was a particularly strong month in sales; being the fourth highest June on record and the best June for sales in the last ten years.”

Evans said that the news across the entire board area was not all positive.

“Communities dependent on oil, gas, or potential LNG projects continue to show sales numbers below previous years, though there has been some slight improvement for a few communities,” said Evans.

Bulkley Nechako Region:

Houston: 24 properties worth $4.5 million have changed hands so far this year, compared to 33 properties worth $5 million in 2016. As of June 30, 2017 there were 66 properties of all types available through the MLS® in the Houston area.

Burns Lake: In the first six months of 2017, 40 properties worth $6.5 million were reported sold through the MLS® in the Burns Lake area, compared to 34 properties worth $3.7 million in the same time period last year. At the end of June there were 127 properties of all types available for purchase through the MLS® in the Burns Lake area.

Smithers: REALTORS® in the Smithers area reported 149 sales with a value of $38 million in the first six months of 2017, compared to 126 sales worth $27 million at this time last year. Half of the 68 single family homes sold so far this year, sold for less than $272,500 and took, on average, 51 days to sell. There were 17 parcels of vacant land and 34 homes on acreage also changed hands since January 1, 2017. As of June 30, 2017 there were 205 properties of all types available through MLS® in the Smithers area.

Vanderhoof: REALTORS® in the Vanderhoof area reported 60 sales worth $11 million in the first six months of the year, compared to 49 sales worth $9.5 million to June 30, 2016. As of June 30, 2017 there were 147 properties of all types available for purchase through the MLS® in the Vanderhoof area.

Fort St. James: 29 properties worth $5 million have sold through the MLS® in the Fort St. James area so far this year, compared with 33 properties worth $7.2 million in the first six months of 2016. At the end of June there were 81 properties of all types available for purchase through the MLS® in the Fort St. James area.

The average selling price year to date from MLS® reported sales for residential detached house for Houston on June 30, 2015 was $152,717 listed with 20 units. In 2016 the selling price increased to $154,781 with 16 units, and in 2017 the price increased again to $155,857 with 14 units.