The rebound in the Prince Rupert realty market continues, as figures from the Northern B. C. Real Estate board show that real estate transactions have increased by 42.7% in the first nine months of 2007, compared to last year.
Using information culled from real estate brokers, the numbers don't include any private sales of properties in any of the communities in the Northern B. C. Real Estate Board's territory.
For those sellers and buyers that used a real estate agent however, it's been a busy nine months in many locations, with Prince Rupert particularly busy in 2007.
201 properties have been transferred to new owners through the MLS system in Prince Rupert so far this year. Of the 147 single family homes that have been sold this year, half of them went for less than 150,000 dollars.
Apartment buildings, duplexes and town homes proved to be a popular choice for buyers in the last nine months as well.
By the end of September, there were 163 properties on the market, down by 9 from this time last year.
Terrace remained the hot spot in the Northwest, with 336 properties accounting for total sales of 52.6 million dollars in the first nine months of 2007, it marks an increase of 34 properties sold from this time last year.
Kitimat showed modest growth from last year, with 151 properties sold on the market with a median price of 120,000, as of the end of September Kitimat had 58 properties on the market.
The full Northern BC story can be found on the Opinion 250 website, which posted a story on the real estate board figures.
NORTHWEST
Prince Rupert: 201 properties of all types have changed hands through the MLS® in the Prince Rupert area in the first 9 months of this year. These properties have a total value of $35.9 million – up 42.7% over the first 9 months of 2006. Half of the 147 single family homes sold so far this year sold for less than $150,000. 9 apartment units, 3 half duplexes and four townhouses have sold this year. At month end there were 163 properties in all categories on the market compared to 172 on September 30th, 2006.
Terrace: Sales through the MLS® are ahead of last year with 336 properties of all types selling so far this year compared to 298 by September 30th, 2006. These properties have a value of $52.6 million – a 32.3% increase over last year’s $39.7 million in sales. 184 single family homes and 24 homes on acreage have changed hands this year. 31 parcels of vacant land have sold this year compared to 33 parcels in 2006. As of September 30th there were 219 properties of all types available for sale in the Terrace area.
Kitimat: There have been 151 properties of all types sold by REALTORS® in the Kitimat area this year with a total value $19.4 million –up from last year’s 149 properties worth $16.9 million. The median price of the 101 family homes sold to date was $120,000. There were 58 properties of all types on the market at month end.
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