Fort St. John property sales down in 2019

Real estate sales saw a small decline in Fort St. John in 2019, but average home sale prices saw a modest increase, according to year-end numbers from the BC Northern Real Estate Board.

A total of 501 properties changed hands in Fort St. John last year, down 4% from the 524 properties sold in 2018. Total sales for the year were valued at $179.3 million, down from $203.9 million the year prior.

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"A struggling B.C. forestry sector and an uncertain environment for global trade held back housing demand in the second half of 2019," the Board noted in a news release.

"While 2019 was a down year for sales, momentum is building in the northern economy from LNG and BC Hydro investments that should translate to a pick-up in housing activity in 2020."

Of the 245 single-family homes sold in Fort St. John, the average selling price was $375,775, up 2.6% from 2018, though half sold for less than $355,000.

Another 25 parcels of vacant land were sold, along with 47 half-duplexes, 48 homes on acreages, and 90 manufactured homes.

At the end of 2019, there were 566 properties listed through MLS in the Fort St. John area, up from the 544 properties at the end of 2018.

Across Northern B.C., there were 4,748 property sales worth $1.5 billion in 2019 through MLS, down from last year’s 5,125 sales worth $1.5 billion.

fsj-2019-BCNREB
Source: BC Northern Real Estate Board
fsj-2019-BCNREB
Source: BC Northern Real Estate Board

Email Managing Editor Matt Preprost at editor@ahnfsj.ca.

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