Property sales down in the Burns Lake area

The BC Northern Real Estate Board reports 3749 properties sold through the Multiple Listing Service® in the first nine months of 2012.

With interest rates still low there seems to be an increase of sales in most markets.

With interest rates still low there seems to be an increase of sales in most markets.

The BC Northern Real Estate Board reports 3749 properties worth $865.5 million sold through the Multiple Listing Service® (MLS®) in the first nine months of 2012.

At this time last year, 3443 properties worth $740 million had changed hands. As of Sept. 30 there were 4889 properties of all types available for sale through the MLS®, down from 5076 properties at the end of September last year.

President Joni Brown comments, “There are increases in most markets across the board – not drastic, but showing a sustainable market compared to other areas of the province. Interest rates are still low, making it a good time for entry level buyers to get into the market, and investors to add to their inventory.“

Burns Lake: So far this year 48 properties worth $6.2 million have been reported sold through MLS® compared to 61 properties worth $6.9 million in the first nine months of 2011. At the end of September there were 146 properties of all types available for sale through the MLS® in the Burns Lake area.

Vanderhoof: Relators® assisted in the sale of 99 properties worth $17.9 million in the first nine months of the year compared with 76 properties worth $15.1 million in the same time last year. Half of the 52 single family homes sold so far this year, sold for less than $181,250 and these homes took, on average, 71 days to sell. Also changing hands were 16 parcels of vacant land and 18 homes on acreage. At the end of September there were 160 properties of all types available through MLS® in the Vanderhoof area.

Fort St. James: 29 properties worth $6.7 million were reported sold to the end of September, compared to 39 properties worth $6.2 million in the same period last year. As of Sept.. 30 there were 77 properties of all types available for purchase through MLS® in the Fort St. James area.

Houston: To the end of September, 42 properties worth $6.4 million sold in the Houston area, compared with 39 properties worth $6.6 million in the same period last year. At the end of September there were 50 properties of all types available for purchase through MLS® in the Houston area.

Smithers: As of Sept. 30, 192 properties worth $47.6 million changed hands in the

Smithers area, compared with 211 properties worth $44.7 million in the first nine months of 2011. Half of the 96 single family homes sold so far this year, sold for less than $250,000 and these homes took, on average, 70 days to sell. Also changing hands this year were 28 parcels of vacant land, 42 homes on acreage, 8 manufactured homes in parks and 12 manufactured homes on land. As of Sept. 30, there were 218 properties of all types available through the MLS® in the Smithers area.