Property sales, value up in 2012

The BC Northern Real Estate Board is showing an overall increase in the value of home sales in 2012 for the Northwest region.

The BC Northern Real Estate Board is showing an overall increase in the value of home sales in 2012 for the Northwest region.

The Northwest region encompasses Prince Rupert, Terrace and Kitimat.

For us, they recorded 239 properties selling in 2012, worth $41.3 million.

That compares to 214 sales of properties in 2011, worth $29.8 million.

In 2012 the median value of a home in Kitimat — the value where exactly as many homes are worth more as worth less — was $163,000.

The Board’s report continues that 51 duplexes and 21 townhomes were sold and at the end of the year there were 72 properties, of all types, available for sale in the Kitimat area. That compares to 59 at the close of 2011.

Terrace also saw a rise in the value of property sales, which went up $15.9 million over 2011. In 2012, 318 properties sold. Out of the 190 single family homes that sold, half sold for less than $210,000. There were 157 properties still available at the turn of the new year.

Finally, Prince Rupert saw a decent increase from 116 sales in 2011 worth $19.3 million to 160 in 2012 worth $26.8 million. Two-hundred and fourteen properties remained for sale on December 31, 2012.

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