PG Homes Increase In Price, Sell Quickly

By Kendall Robertson
July 11, 2018 - 4:23pm Updated: July 11, 2018 - 5:41pm

PRINCE GEORGE-  The BC Northern Real Estate Board released its second-quarter numbers today, showing a slight decrease in sales, listings, and active listings over the last six months compared to the same time last year in Prince George. The most expensive neighbourhood continues to be the southwest end of the city with a median price of $425,000 while the least expensive homes can be found in the eastern portion of the city as the median price is $251,865. The average days on market has dropped significantly from last year, at 101 in 2017 to just 44 in 2018. Fewer listings this year may be what is driving home prices up in the city. While that's good news for sellers, it's not bad news for buyers either as our city is more affordable than other similar sized communities, says realtor Bob Quinlan. "We are very affordable," says Quinlan,"Nanaimo is getting an influx of foreign investors where prices are going through the roof,  Kamloops is getting some influence from outside, but Prince George is still very versatile."

There have been 691 home sales in the first six months of 2018, compared to 817 at the same time last year. While the number of listings has decreased from 1225 in 2017 to 1096 in 2018.

 

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