Fort St. John real estate sales and home prices on the rise

Real estate sales in Fort St. John were up 17% in the first quarter of 2019.

Across the area, there were 111 properties worth $35.5 million sold by the end of March, according to the BC Northern Real Estate Board. That’s up from 95 properties worth $31.1 million at the same time last year.

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Of those sales, 54 were single-family homes, fetching an average price of $366,136. Selling prices are up roughly 7% from this time last year, when 55 single-family homes sold for an average price of $340,968.

The city also saw the sale of nine half-duplexes, eight homes on acreages, nine manufactured homes in parks and another 18 on land, according to the board.

While sales increased, the number of active listings decreased. There were 597 properties for sale in the area through the Multiple Listing Service, down from 664 at the same point last year.

In Fort Nelson, sales plummeted by 50%, according to the board.
 


There, 11 properties worth $919,000 were sold by the end of March, down from the 22 properties worth $1.9 million in the same period last year.

As of March 31, there were 95 properties listed through MLS in the Fort Nelson area.

"The markets in Fort St. John and Fort Nelson are connected to the jobs generated through the oil and gas industry projects in the area," the board noted.

Across Northern B.C., 876 properties worth $257 million had sold through MLS in the first quarter. The first quarter of 2018 saw 914 properties worth $250.6 million change hands.

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

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