Fort Nelson property sales up 51% in 2018

Property sales in Fort Nelson were up by more than half in 2018, but average home prices plummeted by nearly one-third, according to the latest statistics.

According to the BC Northern Real Estate Board, there were 80 sales in Fort Nelson last year, up from 53 in 2017. Total sales were worth $8.5 million for the year, up nearly one million from $7.6 million in 2017.

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Of the 30 single-family homes sold, the average selling price was just $116,000, down 27% from $159,917 in 2017. Half of the single-family homes sold for less than $83,000, according to the board.

Seven homes on acreages and one townhouse also sold in 2018.

At the end of 2018, there were 102 properties listed through MLS in the Fort Nelson area, down from the 137 properties at the end of 2017, according to the real estate board.

Across Northern B.C., there were 5,125 property sales worth $1.5 billion in 2018 through MLS, up from last year’s 4,981 sales worth $1.3 billion.

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

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