Kitimat property sales up but prices still lagging

Multiple listing property sales continued to climb in Kitimat from April to June, but sales prices are still lagging behind early 2010 levels.

Multiple listing property sales continued to climb in Kitimat from April to June, but sales prices are still lagging behind early 2010 levels.

The latest stats from the BC Northern Real Estate Board show the number of sales for the first half of this year was nearly double those for the equivalent period in 2010 – 85 compared to 45.

But the average selling price was $141,000 against $149,000.

Break out the individual quarters and you find the average selling price for the first three months of 2010 was $150,000.

And prices held up pretty well in the second quarter, averaging $148,000.

However, while the first quarter of this year saw a lot of activity with 37 properties being sold, the average price fell to only $135,000.

But rebounded in the second quarter with 48 sales averaging $146,000.

A cautionary note here: the MLS numbers cover sales of all kinds of properties so can include duplexes, fourplexes and even undeveloped lots.

They also do not include exclusive listing sales or private sales.

The board says single-family residence sales accounted for 63 of the first-half 85 properties sold with half of those going for less than $132,000.

On average it took those homes five months to sell.

At the end of June there were 124 properties of all types on the market.

 

Just Posted

CN train derailment cleared between Terrace and Prince Rupert

The CN mainline is now open, following a train derailment mid-way between… Continue reading

Kitimat’s BC Hydro substation receives a massive upgrade

It will cost $82 million to ensure that LNG Canada has enough… Continue reading

Comment requested for Kitimat LNG’s expansion plans

Company says radical redesign means additional export is possible

Haisla Nation Council appoints Stewart, Renwick

Two recently elected Haisla Nation councillors, Kevin Stewart and Arthur Renwick, have… Continue reading

Relief in sight from open burn pollution

New regulations should cut down on air pollution

Fashion Fridays: 5 casual summer dress styles

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Injured fawn at B.C. vet will be euthanized Friday night unless claimed by sanctuary

Gilbert the deer is currently being treated at West Kelowna’s Rose Valley Veterinary Hospital

BC Wildfire Service warns wet weather no reason to be complacent

Fire risk currently low for much of B.C. compared to same time over last two years.

Bank of Canada lowers qualifying rate used in mortgage stress tests

Home sales softened last year after the federal government introduced new stress test rules for uninsured mortgages

Couple found dead along northern B.C. highway in double homicide

Woman from the U.S. and man from Australia found dead near Liard Hot Springs

B.C. man pleads guilty in snake venom death of toddler

Plea comes more than five years after the incident in North Vancouver

Trudeau says Ottawa open to proposals for B.C. refinery as gas prices soar

Prime minister says he knows B.C. residents are struggling and the federal government is open to ideas

Clock’s ticking to share how you feel about Daylight Saving Time in B.C.

Provincial public survey ends at 4 p.m. on Friday

B.C. First Nation’s group using ads in Texas targeting company for fuel spill

The Heiltsuk Tribal Council has called out Kirby Corporation for the Nathan E. Stewart oil spill

Most Read