Kitimat house sale values high even as number of sales dips

A report shows how house sales are going in Kitimat for the first six months of the year.

Even as the volume of home sales through MLS has dropped in this first half of the year versus the same time in 2013, the value of those sales has kept remarkably steady.

The BC Northern Real Estate Board (BCNREB) released their six-month figures for the year, showing 94 home sales in Kitimat. That equated to $26 million dollars.

In 2013 it was 124 properties, worth $26.9 million.

Half of the 49 single family homes sold so far this year sold for less than $321,000 and, on average, it took these homes 22 days to sell, says the report.

At the end of June there were 78 properties of all types available for purchase through the MLS.

The report does not take in to account homes that were privately sold.

Comparing to our neighbour, Terrace this year so far has sold 201 properties, worth $48.4 million.

In 2013 it was 180 properties for $39.8 million.

Houses there on average sell lower, with half of the 99 single family homes sold were for under $289,900. It took Terrace homes an average of 31 days to sell.