BCNREB annual report

Property sales similar to last year in 100 Mile House area

The BC Northern Real Estate Board (BCNREB) reported 4,891 property sales worth $1.2 billion in 2013 through the Multiple Listing Service® (MLS®), up from last year’s 4,696 sales worth $1.08 billion.

BCNREB president Gisela Janzen says the BC Northern area continued its upward trend in sales volumes for the fourth consecutive year and the average sale price for the entire area rose by more than four per cent.

“Markets in the Northwest region performed extremely well, mostly driven by large economic projects and developments. Markets in the Southern region remained largely unchanged from the previous year mainly due to a poorly performing labour market.”

Janzen says the northern region appears to be the most resilient in the post-recession period when compared to the rest of the province.

In the 100 Mile House area, Janzen, a Royal LePage 100 Mile Realty sales representative, notes 314 properties worth $57.2 million sold this year through MLS®, compared with 291 properties worth $58.5 million in 2012.

The 78 single-family homes that sold in 2013 had a median value (half sold for less) of $227,000. In addition, 81 parcels of vacant land, 72 homes on acreage, 27 manufactured homes on land, eight manufactured homes in a park, and 33 recreational properties changed hands in 2013.

At the end of December there were 627 properties of all types available for sale through MLS® in the 100 Mile House area, up from the 525 properties at the end of 2012.

 

100 Mile House Free Press