Real estate sales in Fort St. John have remained flat in the first half of 2018, while home prices continue to decline.
The BC Northern Real Estate Board released its mid-year results on Wednesday, showing a total of 243 properties worth $90.1 million were sold in Fort St. John in the first six months of the year. Of those sales, 151 were single-family homes that spent an average of 84 days on the market and sold for an average price of $364,635.
Compared to the first half of 2017, realtors had sold 114 single-family homes for an average price of $405,044.
The city has also seen the sale of 18 half-duplexes (-8), six manufactured homes (-23), 22 homes on acreages (-7), and 10 vacant lots (-7) so far this year.
"The market is currently stable," the board observed in a news release. "Anecdotal reports suggest that people in the area are optimistic about plans for LNG exports."
There were 245 properties sold for $100.8 million in the first six months of 2017.
Fort Nelson sales
In Fort Nelson, 50 properties worth $5.1 million were sold by the end of June, according to the board. That's up from the 25 properties worth $4.6 million in the same period last year.
Half of the 20 single family homes sold since January sold for less than $83,000, and took an average of 162 days to sell, according to the board.
Overall, single-family home prices have dropped from an average of $163,384 in 2017, down to $113,690 so far this year.
As of June 30, there were 748 properties of all types available for purchase through MLS listings in the Fort St. John area.
There were 97 properties listedin the Fort Nelson area.
Email Managing Editor Matt Preprost at firstname.lastname@example.org.