B.C. Northern Real Estate Board releases 2019 first quarter sales
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NORTHERN BC— The BC Northern Real Estate Board (BCNREB) says many markets saw a slight decrease in the first quarter of 2019 compared to last year’s first quarter. BCNREB reported 876 sales with a value of $257,043,507 through the Multiple Listing Service® (MLS®).
“Overall, many markets in the Board region saw a slight decrease in sales,” BCNREB President Leah Mayer says. “Many communities had an increase in number of listings. The number of active listings when compared to 2018, decreased by 13 listings. Some markets also saw low inventories. Many markets may see an increase in sales activity with the weather conditions improving after the winter months.”
Fort Nelson saw a significant decrease in sales compared to 2018, decreasing by 50%. The markets in Fort St. John and Fort Nelson are connected to the jobs generated through the oil and gas industry projects in the area.
In Prince George, there was a slight decrease in sales and listings and an increase in the number of active listings. At the end of March, there were 534 properties of all types available on the MLS® within the city limits, compared to 524 properties available in March 2018.
