Friday, October 5, 2012

North Coast Real Estate picture brightens

While Prince Rupert still trails other Northwest communities like Terrace and Kitimat when it comes to real estate sales, the picture for the North Coast is improving steadily from where it was but four years ago, as the latest statistics from the BC Northern Real Estate Board show that the first nine months of 2012 have seen much improvement on the local real estate scene.

Prince Rupert

The North Coast reported that 98 homes were sold in that period for an average price of $193,691, the highest average price in Prince Rupert in the last four years.

Those statistics show much progress from where we were in the same period of time of 2011, last year only 72 homes had sold in that period of the first six months, with the average price being $185,149.

Thus far in 2012,  124 properties have changed hands to a value of 21.9 million dollars compared to 83 sold in 2011, with a value of 14.5 million dollars reported.

The Prince Rupert Real Estate market is still a third place effort by comparison to results in Terrace and Kitimat thus far in 2012.


In the first nine months of 2012, Terrace has seen 248 properties change hands worth a total of 52.4 million dollars, up significantly from 2011 when 211 properties were sold for 41.5 million dollars.

By the end of September, there were 254 MLS properties listed in Terrace.


In Kitimat, the first nine months saw movement on 212 property listings for a total of 35.1 million, compared to 133 properties, worth 18.6 million of 2011.

At the end of September there were 106 MLS properties listed in Kitimat

Opinion 250 in Prince George broke down the numbers for many communities across the Northwest and Northern Interior, you can look over that breakdown here.

The reviews for the Northwest can be found below.

The Northern View-- Home sales in Prince Rupert well above figures from 2011
The Terrace Standard-- Terrace real estate sales remain strong

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