Board News Releases
News Release -January 9, 2023
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The REALTOR® members of the BC Northern Real Estate Board (BCNREB) reported 5001 property sales worth $2 billion in 2022 through the Multiple Listing Service® (MLS®), down from last year’s 6669 sales worth $2.4 billion.
Home sales in the BC Northern region totaled 4,250 units in 2022, a 23 per cent decline from 2021’s near record pace, but on par with the average level of sales activity over the past 10 years. That said, home sales did fade in the second half of the year as interest rates soared. Indeed, by the fourth quarter, home sales across the BC Northern area were trending at just a 3,300 annual sale pace, setting up what should be a slow start to 2023.
Active listings in the region started the year at record low and slowly grew through 2022 as home sales slowed and listings remained on the market longer. As a result, markets around the north returned to balance as months-of-inventory normalized from the deep sellers’ market conditions that had prevailed for much of the last two years.
The abrupt shift in market conditions spurred by rapidly rising interest rates has translated into a softening of prices from peak levels achieved earlier in the year. By the end of 2022, the average price in the BC Northern Board area was essentially flat when comparing the fourth quarter of 2022 to the fourth quarter of 2021.
With mortgage rates expected to remain elevated, and a likely slowdown in the economy on the horizon, housing market activity across the north will remain slow in 2023. BCREA is forecasting that home sales will decline 9 per cent in 2023 to 3,900 units. Slower sales and rising inventory will precipitate a slight decline in home prices, with the average price in the region slipping about 1 per cent over the next year.
By Region
Cariboo Region
100 Mile House: 480 properties worth $200 million sold this year through MLS®, compared with 798 properties worth $268.5 million in 2021. The 147 single-family homes that sold in 2022 had a median value (half sold for less) of $474,900. In addition, 135 parcels of vacant land, 116 homes on acreage, 37 manufactured homes on land, 11 manufactured homes in parks, and 16 recreational properties changed hands in 2022. At the end of December, there were 202 properties of all types available for sale through MLS® in the 100 Mile House area, up from the 83 properties at the end of 2021.
Williams Lake: 438 sales worth $169.6 million were reported through MLS® in 2022, down from 599 sales worth $196.7 million the previous year. Half of the 150 single-family homes sold in 2022 sold for less than $435,000. 30 parcels of vacant land, 107 homes on acreage, 34 townhouses, 35 manufactured homes in parks and 43 manufactured homes on land were also sold in 2022. At the end of December, there were 157 properties of all types available through MLS® in the Williams Lake area, up from the 58 properties at the same time last year.
Quesnel: 381 properties changed hands in 2022 through MLS®, down from 478 that were sold in 2021. The value of these properties was $123.3 million ($136.9 million in 2021). The median value of the 129 single-family homes sold in 2022 was $380,000. In addition, 68 parcels of vacant land, 85 homes on acreage, 29 manufactured homes in parks and a further 33 on land were reported sold in 2022. At year-end, there were 149 properties of all types available for purchase through MLS® in the Quesnel area, up from 36 properties at the end of 2021.
Northwest Region
Iskut/Atlin: This is a new major area added to the statistics. These statistics used to be a part of the Terrace area statistics. 3 properties worth $1.3 million have changed hands in 2022; compared to 5 properties worth $1 million in 2021. As of December 31st, there were 5 properties of all types available through the MLS® in the Iskut/Atlin area.
Hazelton/Highway 37: This is a new major area added to the statistics. These statistics used to be a part of the Smithers and Area statistics.39 properties worth $10.7 million have changed hands in 2022; compared to 39 properties worth $10.3 million in 2021. As of December 31st, there were 23 properties of all types available through the MLS® in the Hazelton/Highway 37 area.
Prince Rupert: 190 properties worth $82.8 million changed hands in 2022 compared with 279 properties worth $107.6 million in 2021. Half of the 134 single-family homes sold in 2022 sold for less than $425,000. In addition, 19 parcels of vacant land, 5 townhouses and 7 half-duplexes sold in 2022. At year-end, there were 122 properties of all types available through MLS® in the Prince Rupert area, up from the 31 properties at the same time last year.
Terrace: 276 properties sold in 2022 were worth $115.3 million compared with 2021’s 395 properties worth $168.8 million. Of the 157 single-family homes that changed hands, half sold for less than $475,000. In addition, 22 parcels of vacant land, 15 homes on acreage, 20 manufactured homes in parks and a further 11 on land sold in 2022. As of December 31st, there were 139 properties of all types available through MLS® in the Terrace area, up from the 62 properties available at December 31st, 2021.
Kitimat: 202 properties worth $72.8 million changed hands in 2022 compared to the 192 properties worth $68.6 million that sold in 2021. The median value of the 143 single-family homes sold in 2022 was $360,000. In addition, 22 half-duplexes and 11 townhouses were sold. At year-end, there were 87 properties of all types available in the Kitimat area, which is up from 44 at December 31st, 2021.
Bulkley Nechako Region
Houston: 74 properties worth $22.1 million changed hands in 2022, compared to the 83 properties worth $18.5 million that sold in 2021. The median value of the 42 single-family homes sold was $292,500. As of December 31st, there were 22 properties of all types available in the Houston area.
Smithers: REALTORS® reported 177 sales worth $85.3 million in 2022, compared to 222 sales worth $85.6 million in 2021. The median value of the 70 single-family homes that sold in 2022, was $490,000. 17 parcels of vacant land, 40 homes on acreage, 18 manufactured homes in parks and a further 11 on land also changed hands in 2022. At year-end, there were 50 properties of all types available in the Smithers area, compared with 29 at December 31st, 2021.
Burns Lake: 69 properties with a value of $18.6 million sold in 2022 compared with 104 worth $31.5 million in 2021. Half of the 17 single-family homes that sold, sold for less than $277,500. 18 parcels of vacant land, 23 homes on acreage and 4 manufactured homes on land also changed hands in 2022. As of December 31st, there were 54 properties of all types available through MLS® in the Burns Lake area, up from 18 at the end of 2021.
Vanderhoof: 102 properties sold in 2022 were worth $32.4 million, compared with 2021’s 182 properties worth $50.1 million. Of the 42 single-family homes that sold in 2022, half sold for less than $293,000. In addition, 21 parcels of vacant land, 20 homes on acreage, 2 manufactured homes in parks and a further 7 manufactured homes on land changed hands in 2022. As of December 31st, there were 50 properties of all types available through MLS® in the Vanderhoof area, compared with 15 properties a year ago.
In Fort St. James 60 properties worth $12.8 million sold in 2022, compared to 102 properties worth $23.3 million in 2021. At year-end, there were 28 properties of all types available through MLS® in the Fort St. James area, compared to 7 at the same time last year.
Northern Region
Fort St. John: 632 properties with a value of $258 million sold in 2022, down from 796 properties worth $309.4 million that sold in 2021. Of the 292 single-family homes sold in 2022, half sold for less than $381,000. In addition, 28 parcels of vacant land, 77 half-duplexes, 54 homes on acreage, 31 manufactured homes in parks and a further 60 on land sold in 2022. At the end of December, there were 420 properties of all types available through MLS® in the Fort St. John area, up from the 193 properties at the end of 2021.
Fort Nelson: 80 properties sold through MLS® in 2022 were worth $13.4 million, down from 2021’s 94 properties worth $19.1 million. Half of the 26 single-family homes sold in 2022, sold for less than $185,000. There were 6 homes on acreage and 1 townhouse also sold in 2022. As of December 31st, there were 109 properties of all types available through MLS® in the Fort Nelson area, up from the 46 properties on December 31st, 2021.
Fraser Fort George Region
Mackenzie: 111 properties worth $19.2 million were reported sold in 2022, compared with 2021’s 112 properties worth $28.4 million. The median value of the 86 single-family homes that sold in 2022 was $174,750. At year-end, there were 51 properties of all types available through MLS® in the Mackenzie area, up slightly from the 48 properties at the same time in 2021.
Prince George: 1323 properties worth $605.9 million sold in 2022, compared with 1653 properties worth $684.1 million in 2021. At year-end, there were 551 properties of all types available through MLS® compared to 165 properties at the end of 2021.
In the area west of the by-pass, half of the 236 single-family homes sold in 2022, sold for less than $460,000. As well, 26 apartment units and 50 townhouses changed hands in 2022. As of December 31st, there were 27 single-family homes available through MLS® in this area of the City, compared to 15 at the same time last year.
East of the by-pass 48 apartment units, 13 half-duplexes, and 37 townhouses sold in 2022. The 177 single-family homes sold had a median value of $410,000. At the end of December there were 39 single-family homes available for sale through MLS® in this area compared with 10 at the end of 2021.
In the northern part of the city, 17 homes on acreage, 35 manufactured homes in parks and a further 40 manufactured homes on land sold in 2022. Of the 182 single-family homes sold, half sold for less than $550,000. As of December 31st, there were 22 single-family homes available through MLS® in this area of the City compared with 6 at the end of 2021.
In the southwest sector 11 half-duplexes, 28 townhouses, 8 homes on acreage, 19 manufactured homes in parks and a further 8 manufactured homes on land sold in 2022. Half of the 225 single-family homes sold in 2022 sold for less than $607,500. At year-end, there were 38 single-family homes available for sale through MLS® in the southwest sector, compared with the 15 at the end of 2021.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports the growth which encourages economic vitality, provides housing opportunities and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Single-family Residential
BC Northern Real Estate Board
|
Community |
December 31, 2020 |
Units |
December 31, 2021 |
Units |
December 31, 2022 |
Units |
|
100 Mile House |
337,762 |
179 |
412,762 |
180 |
484,712 |
147 |
|
Williams Lake |
335,585 |
153 |
377,430 |
212 |
433,489 |
150 |
|
Quesnel |
288,323 |
148 |
340,943 |
153 |
392,092 |
129 |
|
Prince Rupert |
345,405 |
158 |
426,616 |
183 |
449,769 |
134 |
|
Houston |
219,618 |
21 |
226,830 |
44 |
280,402 |
42 |
|
Smithers |
371,032 |
96 |
435,787 |
88 |
512,228 |
70 |
|
Burns Lake |
198,158 |
25 |
240,957 |
26 |
269,117 |
17 |
|
Vanderhoof |
222,560 |
60 |
269,723 |
64 |
298,289 |
42 |
|
Fort St. James |
200,705 |
27 |
247,382 |
34 |
309,947 |
19 |
|
Fort St. John |
373,081 |
271 |
396,353 |
403 |
411,380 |
292 |
|
Fort Nelson |
136,756 |
31 |
206,791 |
35 |
192,218 |
26 |
|
Mackenzie |
168,578 |
33 |
177,635 |
78 |
183,404 |
86 |
|
Prince George |
406,943 |
858 |
458,560 |
1079 |
524,639 |
820 |
|
Terrace |
400,539 |
163 |
475,280 |
204 |
489,882 |
157 |
|
Kitimat |
342,854 |
118 |
388,399 |
115 |
379,132 |
143 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
-30-
For more information about local conditions, contact:
Wynnette Lowes, President (Fort St. John) 250-787-2100
Breanne Cote, Vice President (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Garnet Weston, Director (Prince George) 250-563-1000
Cameron McLeod, Director (Prince George) 250-981-6774
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-9975
News Release -October 6, 2022
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The BC Northern Real Estate Board reports 4141 properties worth $1.7 billion sold through the Multiple Listing Service® (MLS®) in the first nine months of 2022. At this time last year, 5306 properties worth $1.9 billion had changed hands. As of September 30th, there were 3312 properties of all types available for sale through the MLS®, up from 1405 properties at the end of September last year.
In the third quarter, sales in the BC Northern region fell to below pre-pandemic levels for the first time since the onset of the COVID-19 crisis. Within the quarter, sales fell sharply, and in September were at their lowest level since 2010 on a seasonally adjusted basis. At the same time, active listings have jumped 16 per cent from the end of last quarter and are currently at their highest level since July of 2020. Despite this increase in listings, active listings remain well-below balanced market levels due to the long running decline in listings since 2010. Average days on market remain near record lows, despite increasing 10 per cent from last quarter (the all-time low). Average sale price remains high, down just 4 per cent from last quarter.
Given that sales have fallen sharply in the North, and active listings are edging up more gradually, the combined result of these trends has been to move the Sales-to-Active-Listings ratio back towards historical norms and just shy of balanced market territory for the region. Other indicators like average price and days on market are trending towards a softer market, but still gradually. As the Bank of Canada continues tightening, albeit at a slower pace going forward, we anticipate that mortgage rates will continue to drag on prices and sales.
By Region:
Cariboo Region:
100 Mile House: So far, this year 412 properties worth $176.7 million have changed hands, compared to 656 properties worth $216.3 million to the end of September in 2021. Half of the 122 single-family homes that have sold, sold for less than $467,500 and took, on average, 47 days to sell. In addition, 120 parcels of vacant land, 105 homes on acreage, 7 manufactured homes in parks and a further 30 manufactured homes on land, as well as 12 recreational properties have sold this year. As of September 30th, there were 334 properties of all types available for purchase through the MLS® in the 100 Mile House area.
Williams Lake: 348 properties worth $137.5 million have sold in the first nine months, compared to 481 properties worth $156.9 million in the same period last year. Of the 121 single-family homes sold to the end of September, half sold for less than $435,000 and these homes took, on average, 32 days to sell. In addition, 23 parcels of vacant land, 26 townhomes, 89 homes on acreage, and 23 manufactured homes in parks and a further 37 on land, have sold this year. At the end of September, there were 229 properties of all types available for purchase through MLS® in the Williams Lake area.
Quesnel: To the end of September, 325 properties worth $105.2 million sold through MLS® compared to 392 properties worth $112.7 million to the end of the third quarter of 2021. Half of the 110 single-family homes sold so far this year, sold for less than $380,000 and took, on average, 42 days to sell. Also changing hands this year were 66 parcels of vacant land, 74 homes on acreage, 22 manufactured homes in parks and 25 manufactured homes on land. At the end of September, there were 187 properties of all types available for purchase through the MLS® in the Quesnel area.
Northwest Region:
Iskut/Atlin: This is a new major area added to the statistics. These statistics used to be a part of the Terrace area statistics. 3 properties worth $1.3 million have changed hands so far this year in the Iskut/Atlin area, compared to 4 properties worth $1 million in 2021. At the end of September, there were 6 properties of all types available through the MLS® in the Iskut/Atlin area.
Hazelton/Highway 37: This is a new major area added to the statistics. These statistics used to be a part of the Smithers and Area statistics.32 properties worth $8.5 million have changed hands so far this year in the Hazelton/Highway 37 area, compared to 30 properties worth $6.9 million in 2021. At the end of September, there were 38 properties of all types available through the MLS® in the Hazelton/Highway 37 area.
Prince Rupert: 149 properties worth $65 million changed hands so far this year in the Prince Rupert area, compared with 219 properties worth $83.7 million to the end of September 2021. Of the 103 single-family homes that have changed hands this year, half sold for less than $452,000 and on average, took 52 days to sell. As of September 30th, there were 166 properties of all types available through the MLS® in the Prince Rupert area.
Terrace: In the first nine months of the year, 232 properties worth $96.1 million were reported sold in the Terrace area, compared to 297 properties worth $124.5 million during the same period last year. Half of the 130 single-family homes that have sold so far this year, sold for less than $475,000 and these homes took, on average, 54 days to sell. Also changing hands were 21 parcels of vacant land, 11 homes on acreage, 15 manufactured homes in parks and 10 manufactured homes on land. At the end of September, there were 198 properties of all types available through the MLS® in the Terrace area.
Kitimat: 167 properties worth $58.9 million have changed hands in the first nine months of 2022, compared to 160 properties worth $57.1 million to September 30, 2021. Of the 117 single-family homes sold so far this year, half sold for less than $359,000. These homes took, on average 92 days to sell. In addition, 18 half duplexes and 9 townhomes were also sold this year. At the end of September there were 134 properties of all types available through the MLS® in the Kitimat area.
Bulkley Nechako Region:
Houston: To the end of September, 55 properties worth $14.7 million sold in the Houston area, compared with 70 properties worth $14.3 million in the same period last year. At the end of September, there were 44 properties of all types available for purchase through MLS® in the Houston area.
Smithers: As of September 30th, 140 properties worth $69 million changed hands in the Smithers area, compared with 187 properties worth $69.3 million in the first nine months of 2021. Half of the 51 single-family homes sold so far this year, sold for less than $515,000 and these homes took, on average, 68 days to sell. Also changing hands this year were 16 parcels of vacant land, 34 homes on acreage, 15 manufactured homes in parks and 9 manufactured homes on land. As of September 30th, there were 78 properties of all types available through the MLS® in the Smithers area.
Burns Lake: So far this year 59 properties worth $16.2 million have been reported sold through MLS® compared to 78 properties worth $18 million in the first nine months of 2021. At the end of September, there were 62 properties of all types available for sale through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® assisted in the sale of 75 properties worth $25 million in the first nine months of the year compared with 136 properties worth $38.5 million at the same time last year. Half of the 32 single-family homes sold so far this year, sold for less than $293,000 and these homes took, on average, 52 days to sell. Also changing hands were 14 parcels of vacant land and 16 homes on acreage. At the end of September, there were 76 properties of all types available through MLS® in the Vanderhoof area.
Fort St. James: 48 properties worth $10.7 million were reported sold to the end of September, compared to 75 properties worth $17.1 million in the same period last year. As of September 30th, there were 35 properties of all types available for purchase through MLS® in the Fort St. James area.
Northern Region:
Fort St. John: As of September 30th, 513 properties worth $206 million were reported sold in the area, compared to 619 properties worth $238.7 million to September 30, 2021. Half of the 242 single-family homes sold so far this year, sold for less than $385,000; these homes took, on average, 62 days to sell. In addition, 18 parcels of vacant land, 62 half duplexes, 42 homes on acreage, 28 manufactured homes in parks and a further 52 manufactured homes on land, were reported sold. At the end of September, there were 509 properties of all types available for purchase through MLS® in the Fort St. John area.
Fort Nelson: 66 properties worth $11.5 million have sold in the first nine months of 2022, compared with 71 properties worth $15 million to the end of September 2021. Of the 22 single-family homes sold so far, half sold for less than $192,500. On average these homes took 124 days to sell. Also changing hands were 6 homes on acreage, 5 manufactured homes in parks and 15 manufactured homes on land. As of September 30th, there were 136 properties of all types available for purchase through MLS® in the Fort Nelson area.
Fraser Fort George Region:
Mackenzie: In the first nine months of 2022, 97 properties worth $16.8 million were reported sold through MLS® in the Mackenzie area, compared with 88 properties worth $22.5 million to September 30, 2021. Half of the 75 single-family homes sold so far this year, sold for less than $174,500 and these homes took, on average, 89 days to sell. At the end of September, there were 67 properties of all types available for purchase through MLS® in the Mackenzie area.
Prince George: In the City of Prince George, to the end of September 1110 properties worth $507.2 million changed hands, compared with 1305 properties worth $534 million to September 30, 2021. In the western part of the City the median price of the 196 homes sold this year, was $462,500. In the area east of the By-pass, the 151 single-family homes that sold had a median price of $410,000. In the northern part of the City, the 148 single-family homes sold had a median price of $546,000. In the southwest section of the city, the median price of the 188 single-family homes sold was $612,250. At the end of September, there were 644 properties of all types available for purchase through MLS® in the City of Prince George.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities by supporting the growth which encourages economic vitality, provides housing opportunities and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
September 30, 2020 |
Units |
September 30, 2021 |
Units |
September 30, 2022 |
Units |
|
100 Mile House |
343,388 |
134 |
407,608 |
148 |
487,175 |
122 |
|
Williams Lake |
333,199 |
112 |
378,727 |
182 |
429,966 |
121 |
|
Quesnel |
296,344 |
112 |
346,177 |
122 |
397,559 |
110 |
|
Prince Rupert |
340,645 |
118 |
418,985 |
143 |
460,221 |
103 |
|
Houston |
221,199 |
13 |
250,175 |
33 |
251,967 |
32 |
|
Smithers |
363,743 |
75 |
398,707 |
84 |
548,821 |
51 |
|
Burns Lake |
189,971 |
19 |
186,650 |
26 |
266,192 |
13 |
|
Vanderhoof |
232,563 |
41 |
259,198 |
52 |
301,426 |
32 |
|
Fort St. James |
185,645 |
21 |
252,104 |
24 |
325,600 |
15 |
|
Fort St. John |
373,700 |
195 |
391,808 |
320 |
413,190 |
242 |
|
Fort Nelson |
126,867 |
22 |
202,983 |
21 |
197,848 |
22 |
|
Mackenzie |
172,156 |
23 |
175,937 |
62 |
182,315 |
75 |
|
Prince George |
409,082 |
661 |
456,173 |
861 |
527,579 |
683 |
|
Terrace |
394,038 |
114 |
463,140 |
168 |
489,529 |
130 |
|
Kitimat |
343,569 |
79 |
380,238 |
96 |
373,448 |
117 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
-30-
For more information about local conditions, contact:
Wynnette Lowes, President (Fort St. John) 250-787-2100
Breanne Cote, Vice President (Prince George) 250-564-4488
Sandra Hinchliffe, Past President (Smithers) 250-847-5999
Kristine Newell, Director (Prince George) 250-563-1000
Garnet Weston, Director (Prince George) 250-563-1000
Bob Quinlan, Director (Prince George 250-565-8444
Cameron McLeod, Director (Prince George) 250-981-6774
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-9975
News Release - July 8, 2022
Download the PDF
The BC Northern Real Estate Board (BCNREB) reports 2895 properties sold through the Multiple Listing Service® (MLS®) in the first six months of 2022, down from the 3561 sales reported in the first half of 2021. The value of these properties was $1.2 billion compared with $1.2 billion in 2021. At the end of June, there were 2900 properties of all types available for purchase through the MLS® of BCNREB, up from 1505 at the same time last year.
Although residential unit sales in the north are at their lowest level since the start of the post-pandemic boom, they remain elevated relative to historical averages. Seasonally adjusted sales in Q2 of 2022 are roughly 23 per cent above the level of Q4 of 2019, prior to any effects from the pandemic, but are down 14 per cent from the prior quarter. Seasonally adjusted active listings rose substantially for the first time since Q2 of 2019, increasing 20% from the prior quarter and largely erasing the losses over the past year. It was the largest quarterly increase since Q1 of 2016. While average sale prices have eased in recent months, they are still up 6% from the prior quarter hitting $431,544. Seasonally adjusted average days on market fell to 51 from 59 last quarter. With falling sales and rising active listings, the sales-to-active-listings ratio has improved in recent months and is approaching balanced market levels.
Although sales in the north have been falling in recent months, total sales in the first half of 2022 are still about 23 per cent above the pre-pandemic long-run average. While supply is rising, the sales-to-active-listings ratio is only beginning to approach a more balanced level in the latest monthly data. We expect that in the second half of the year tightening by the Bank of Canada and heightened mortgage rates will continue to temper demand, softening prices and sales.
By Region:
Cariboo Region:
100 Mile House: 293 properties worth $127 million have changed hands through the MLS® in the area since January 1st. This compares with 476 properties worth $150 million in the same period in 2021. Half of the 83 homes that sold so far this year, sold for $485,000 or less and, on average, it took 48 days for these homes to sell. Also reported sold were 89 parcels of vacant land, 76 homes on acreage, 4 manufactured homes in parks, 20 on land, and 8 recreational properties. At the end of June there were 292 properties of all types available for purchase through the MLS® in the 100 Mile House area.
Williams Lake: 233 properties have sold so far this year, compared to 314 properties by June 30, 2021. The value of these properties is $92.2 million ($97.7 million in 2021). Of the 83 single-family homes sold this year, half sold for less than $445,100 and these homes took, on average, 31 days to sell. In addition, 14 parcels of vacant land, 19 townhouses, 56 homes on acreage, 12 manufactured homes in parks and 24 manufactured homes on land changed hands in the first six months of 2022. At the end of June there were 172 properties of all types available for purchase through the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area, REALTORS® reported 202 sales worth $64.9 million so far this year, compared to 246 sales worth $62.7 million in the first six months of 2021. Of the 61 single-family homes sold between January and June, half sold for less than $380,000; these homes took, on average, 35 days to sell. In addition, 45 parcels of vacant land, 45 homes on acreage, 12 manufactured homes in parks and 19 manufactured homes on land have sold in the first six months of 2022. As of June 30th, there were 168 properties of all types available for purchase through the MLS® in the Quesnel area.
Northwest Region:
Iskut/Atlin: This is a new major area added to the statistics. These statistics used to be a part of the Terrace area statistics. 3 properties worth $1.3 million have changed hands so far this year in the Iskut/Atlin area, compared to 4 properties worth $1 million in 2021. As of June 30th, there were 5 properties of all types available through the MLS® in the Iskut/Atlin area.
Hazelton/Highway 37: This is a new major area added to the statistics. These statistics used to be a part of the Smithers and Area statistics.17 properties worth $5.6 million have changed hands so far this year in the Hazelton/Highway 37 area, compared to 16 properties worth $3.9 million in 2021. As of June 30th, there were 30 properties of all types available through the MLS® in the Hazelton/Highway 37 area.
Prince Rupert: 119 properties worth $53.3 million have been reported sold through the MLS® in the Prince Rupert area so far this year, compared to 166 properties worth $63.3 million in the first half of 2021. The median price of the 80 single-family homes that sold was $445,500. On average, it took these homes 56 days to sell. As of June 30th, there were 125 properties of all types available for purchase through the MLS® in the area.
Terrace: REALTORS® in the Terrace area sold 172 properties worth $70.6 million in the first six months of 2022, compared to 190 properties worth $80.7 million in the same period last year. Half of the 94 single-family homes that sold, sold for less than $476,500. On average, it took these homes 57 days to sell. In addition, 14 parcels of vacant land, 4 half-duplexes, and 8 homes on acreage changed hands in the first 6 months of the year. At the end of June there were 177 properties of all types available for purchase through the MLS® in the Terrace area.
Kitimat: 105 properties worth $36.4 million have sold through the MLS® in the Kitimat area in the first six months of 2022, compared to 121 properties worth $44 million at this time last year. Half of the 70 single-family homes sold so far this year sold for less than $357,250 and, on average, it took these homes 104 days to sell. At the end of June there were 143 properties of all types available for purchase through the MLS® in the Kitimat area.
Bulkley Nechako Region:
Houston: 35 properties worth $8.5 million have changed hands so far this year, compared to 52 properties worth $11 million in 2021. As of June 30th, there were 41 properties of all types available through the MLS® in the Houston area.
Smithers: REALTORS® in the Smithers area reported 90 sales with a value of $46 million in the first six months of 2022, compared to 118 sales worth $41 million at this time last year. Half of the 35 single-family homes sold so far this year sold for less than $515,000 and took, on average, 80 days to sell. 11 parcels of vacant land and 19 homes on acreage also changed hands since January 1st. As of June 30th, there were 76 properties of all types available through MLS® in the Smithers area.
Burns Lake: In the first six months of 2022, 43 properties worth $11.9 million were reported sold through the MLS® in the Burns Lake area, compared to 56 properties worth $12.6 million in the same time-period last year. At the end of June there were 62 properties of all types available for purchase through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 50 sales worth $17.8 million in the first six months of the year, compared to 86 sales worth $24.7 million to June 30, 2021. As of June 30th, there were 53 properties of all types available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: 35 properties worth $7.8 million have sold through the MLS® in the Fort St. James area so far this year, compared with 47 properties worth $10.4 million in the first six months of 2021. At the end of June there were 27 properties of all types available for purchase through the MLS® in the Fort St. James area.
Northern Region:
Fort St. John: REALTORS® assisted in the sale of 353 properties worth $145.1 million in the first half of 2022, compared to 425 properties worth $163.4 million in the first six months of 2021. The 172 single-family homes which sold so far this year had a median selling price of $398,000 and it took, on average, 67 days for these homes to sell. In addition, 12 parcels of vacant land, 42 half-duplexes, 30 homes on acreage, 16 manufactured homes in parks and 36 manufactured homes on land changed hands so far this year. As of June 30th, there were 467 properties of all types available for purchase through the MLS® in the Fort St. John area.
Fort Nelson: 48 properties worth $9 million have sold since January 1st, compared to 50 properties worth $10.6 million in the same period last year. Half of the 15 single-family homes sold since January sold for less than $240,000. These homes took, on average, 131 days to sell. At the end of June, there were 109 properties of all types available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region:
Mackenzie: In the first six months of 2022, 73 properties worth $12 million were reported sold through the MLS® in the Mackenzie area, compared to 54 properties worth $17.1 million to June 30, 2021. Half of the 58 single-family homes sold so far this year sold for less than $172,000 and took, on average, 98 days to sell. As of June 30th, there were 64 properties of all types available for purchase through the MLS® in the Mackenzie area.
Prince George: In the City of Prince George, 800 properties worth $366.2 million have changed hands so far this year, compared with 862 properties worth $353.5 million in the first six months of last year. In the western part of the city, the median price of the 140 single-family homes that have sold through MLS® was $470,000. In the area east of the bypass, the 113 single-family homes that sold had a median price of $412,500. In the northern part of the city 91 single-family homes sold with a median price of $540,000. The 136 single-family homes that sold in the southwest section of the city had a median sale price of $612,250. At the end of June there were 570 properties of all types available for purchase through the MLS® in the City of Prince George.
The 403 REALTOR® members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth that encourages economic vitality, provides housing opportunities, respects the environment, protects property-owners and builds communities with good schools and safe neighbourhoods. The 403 REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
June 30, 2020 |
Units |
June 30, 2021 |
Units |
June 30, 2022 |
Units |
|
100 Mile House |
332,780 |
56 |
387,343 |
101 |
483,149 |
83 |
|
Williams Lake |
318,783 |
59 |
372,637 |
124 |
436,995 |
83 |
|
Quesnel |
287,791 |
53 |
319,970 |
81 |
395,779 |
61 |
|
Prince Rupert |
331,020 |
62 |
409,474 |
104 |
465,674 |
80 |
|
Houston |
197,482 |
9 |
252,469 |
28 |
258,169 |
18 |
|
Smithers |
318,243 |
39 |
379,481 |
55 |
570,040 |
35 |
|
Burns Lake |
197,500 |
4 |
162,095 |
21 |
300,050 |
10 |
|
Vanderhoof |
220,325 |
20 |
238,969 |
33 |
297,264 |
18 |
|
Fort St. James |
197,266 |
12 |
255,178 |
14 |
310,492 |
12 |
|
Fort St. John |
369,723 |
90 |
384,738 |
217 |
422,650 |
172 |
|
Fort Nelson |
102,005 |
15 |
216,953 |
16 |
210,295 |
15 |
|
Mackenzie |
162,590 |
12 |
180,225 |
38 |
177,560 |
58 |
|
Prince George |
389,985 |
322 |
455,842 |
566 |
529,729 |
480 |
|
Terrace |
370,891 |
55 |
463,282 |
112 |
492,969 |
94 |
|
Kitimat |
342,452 |
31 |
379,559 |
74 |
376,010 |
70 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
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For more information about local conditions, contact:
Wynnette Lowes, President (Fort St. John) 250-787-2100
Breanne Cote, Vice President (Prince George) 250-564-4488
Sandra Hinchliffe, Past President (Smithers) 250-847-5999
Kristine Newell, Director (Prince George) 250-563-1000
Garnet Weston, Director (Prince George) 250-563-1000
Bob Quinlan, Director (Prince George 250-565-8444
Cameron McLeod, Director (Prince George) 250-981-6774
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-9975
News Release - April 11, 2022
Download the PDF
BC Northern Real Estate Board of Directors 2022-2023
Prince George, BC - The BC Northern Real Estate Board (BCNREB) is pleased to announce that Wynnette Lowes was elected President for the 2022-2023 term which began at the Board’s recent AGM.
Wynnette has been a REALTOR® for almost 18 years and is a representative at Century 21 Energy Realty, Fort St. John. She has served on many Board Committees including the Professional Standards Committee.
President Wynnette Lowes comments “I am honoured to serve as BCNREB’s 54th President. Our Board is the professional association of more than 395 REALTORS® who serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south, and from the Alberta border to Haida Gwaii.
As a REALTOR® from Fort St. John, I have learned that market conditions can vary across time and geography, especially in the north where we have seen buyer, seller, and balanced markets in the last few years. Housing in the north is still, overall, very affordable when compared to the lower mainland. Still, the low housing supply has pushed prices higher, even here. Housing affordability remains a concern. BCNREB will continue to advocate for solutions to housing supply issues and for the protection of all consumers, both buyers and sellers, regardless of where they reside.”
Wynnette Lowes takes over the Presidency from now Past President Sandra Hinchliffe. Breanne Cote was elected Vice President.
The full 2022-2023 BCNREB Board of Directors is as follows:
Wynnette Lowes, President, Century 21 Energy Realty, Fort St. John.
Breanne Cote, Vice President, Royal LePage Aspire Realty, Prince George.
Sandra Hinchliffe, Past President, RE/MAX Bulkley Valley, Smithers.
Bob Quinlan, Director, RE/MAX Core Realty, Prince George.
Garnet Weston, Director, Team Powerhouse Realty, Prince George.
Cameron McLeod, Director, Team Powerhouse Realty, Prince George.
Kristine Newell, Director, Team Powerhouse Realty, Prince George.
Sheila Love, Director, RE/MAX Coast Mountains-Terrace, Terrace.
Christine Buemann, Public Director, The Collective Mortgage Group, Prince George.
Dean Simpson, Public Director, Edward Jones, Prince George.
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The REALTOR® trademark is owned or controlled by The Canadian Real Estate Association. Used under license.
News Release - April 5, 2022
Download the PDF
The BC Northern Real Estate Board (BCNREB) reported 1041 sales with a value of $448,840,650 through the Multiple Listing Service® (MLS®) in the first quarter of 2022. This compares with 1526 sales worth $500,991,790 to the end of March 2021. As of March 31st, there were 1721 properties of all types available for purchase through the MLS® compared to 1314 at this time last year.
Residential unit sales in the north remain elevated, although less so than during the record-setting first and second quarters of 2021. Seasonally adjusted sales in Q1 of 2022 are roughly 38 per cent above the level of Q4 of 2019, prior to any effects from the pandemic, and are up 7 per cent from the previous quarter. Active listings continued their decline, falling 9 per cent from the previous quarter and set a record low. Active listings have fallen each quarter since Q2 of 2019, but have been on a general downward trend since at least 2015. The combination of near-record sales and record low inventory is also driving prices to new levels. Residential prices are up roughly 31 per cent since the start of the pandemic and in the latest quarter surpassed $400,000 for the first time, hitting $409,826. Average days on market rose remained flat at 62 on a seasonally adjusted basis but are up from 56 days in the same quarter last year. After close to a record-setting year in 2021, the real estate market in the north remains very hot. Although sales are down from their peak in early 2021, continually declining active listings means that the sales-to-active-listings ratio has hit a record level.
Housing markets across the north started 2022 with sales trending about 25 per cent above long-term average levels, suggesting the potential for yet another strong year. Unfortunately, the region is suffering from extremely low supply, which means continued upward pressure on home prices. We expect markets will remain tight through the first half of 2022 before rising mortgage rates and continued tightening by the Bank of Canada begins to temper demand by the summer.
By Region:
(2021 values appear in brackets)
Cariboo Region
100 Mile House and area: A total of 105 (216) properties of all types worth $51.9 million ($66.4 million) have been sold by REALTORS® in the area since the beginning of the year. In the first three months of 2022, 35 single-family homes, 12 parcels of vacant land and 37 homes on acreage changed hands. At the end of the quarter there were 115 (136) properties available for purchase through the MLS®.
Williams Lake: 91 (117) properties have sold so far this year through MLS® in the Williams Lake area. The value of these properties was $36.9 million ($33.8). In addition to the 39 single-family homes sold, 17 homes on acreage, 9 manufactured homes in parks, and 10 manufactured homes on land have changed hands in the first quarter. As of March 31st, there were 85 (99) properties listed on the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area REALTORS® reported 67 (119) sales worth $21.7 million ($24.4 million) in the first three months of 2022. In addition to the 24 single-family homes that sold, 7 parcels of vacant land and 19 homes on acreage have sold this year. There were 103 (65) properties of all types available for purchase through MLS® in the Quesnel area as of March 31st.
Northwest Region
Prince Rupert: 52 (76) properties worth $25.9 million ($28.4 million) have sold through the MLS® so far this year. Of those 52 properties sold, 37 were single-family residential properties and 2 were parcels of vacant land. As of March 31st, there were 62 (42) properties of all types available for purchase through the MLS® in the Prince Rupert area.
Terrace: REALTORS® in the Terrace area sold 72 (71) properties in the first quarter of 2022. The value of these properties was $34.3 million ($29.7 million). 41 single-family homes, 3 manufactured homes in parks, and 3 manufactured homes on land have changed hands since January 1st. As of March 31st, there were 122 (89) properties of all types available for sale in the Terrace area.
Kitimat: In the first quarter of 2022, 41 (54) properties worth $15 million ($18.8 million) have been reported sold. Of those 41 properties, 33 were single-family homes, 3 were half-duplexes and 2 were homes on acreage. At the end of March there were 100 (60) properties of all types available for sale through MLS® in the Kitimat area.
Bulkley Nechako Region
Smithers: REALTORS® in the Smithers area reported 32 (67) sales with a value of $14.9 million ($21.2 million) to March 31st, 2022. In addition to the 9 single-family homes that sold, 6 homes on acreage, and 6 manufactured homes in parks changed hands this year. At the end of the first quarter there were 51 (48) properties of all types available for purchase through the MLS® in the Smithers area.
Burns Lake: 18 (26) properties worth $3.8 million ($4.6 million) have changed hands since January 1st. At the end of March there were 30 (31) properties of all types available for sale through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 13 (31) sales worth $3.9 million ($9 million) in the first quarter of 2022. At the end of March there were 32 (28) properties available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: In the first quarter of 2022 there were 14 (17) sales worth $3.7 million ($3 million) in the Fort St. James area. As of March 31st, there were 14 (27) properties available on the MLS® in the area.
Northern Region
Fort St. John: In the Fort St. John area, 123 (167) properties worth $54.5 million ($60 million) changed hands in the first quarter of 2022. In addition to the 69 single-family homes sold, 13 half-duplexes, 11 homes on acreage, 8 manufactured homes in parks and 8 manufactured homes on land have sold since January 1st. At the end of March there were 419 (288) properties of all types available for purchase through the MLS® in the Fort St. John region.
Fort Nelson: 22 (20) properties worth $4.6 million ($2.7 million) were reported sold through the MLS® since the beginning of the year. At the end of March there were 100 (41) properties available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region
Mackenzie: Since January 1st 34 (15) properties worth $5.5 million ($2.4 million) have changed hands. As of March 31st, there were 47 (55) properties available for purchase through the MLS® in the Mackenzie area.
City of Prince George: 282 (374) properties of all types, worth $141.4 million ($150.3 million), have changed hands in the first 3 months of 2022 in the City of Prince George. In the western part of the City, the median price of the 53 single-family homes that have sold on MLS® was $ $445,000 ($410,500). In the area east of the by-pass, the 53 single-family homes that sold had a median value of $ $419,900 ($335,000). In the northern part of the city, commonly referred to as “the Hart”, 27 single-family homes sold with a median price of $502,000 ($420,000). In the southwestern section of the city, 56 homes have sold since January with a median price of $620,250 ($507,500). At the end of March there were 285 (192) properties of all types available on the MLS® within the city limits.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth which encourages economic vitality, provides housing opportunities, and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south, and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
March 31, 2020 |
Units |
March 31, 2021 |
Units |
March 31, 2022 |
Units |
|
100 Mile House |
258,288 |
17 |
384,849 |
41 |
417,669 |
35 |
|
Williams Lake |
289,834 |
29 |
369,272 |
44 |
418,938 |
39 |
|
Quesnel |
228,687 |
16 |
272,745 |
26 |
352,761 |
24 |
|
Prince Rupert |
302,818 |
29 |
430,162 |
43 |
406,514 |
37 |
|
Smithers |
261,326 |
23 |
385,068 |
22 |
480,444 |
9 |
|
Fort St. John |
376,976 |
41 |
376,884 |
92 |
398,458 |
69 |
|
Prince George |
383,643 |
129 |
450,901 |
227 |
519,979 |
189 |
|
Terrace |
346,886 |
29 |
439,154 |
33 |
482,701 |
41 |
|
Kitimat |
356,853 |
11 |
367,416 |
35 |
375,068 |
33 |
Note: Any area with fewer than 10 residential-detached house sales in the past 3 years has been omitted from this chart.
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
-30-
For more information about local conditions, contact:
Sandra Hinchliffe, President (Smithers) 250-847-5999
Wynnette Lowes, Vice President (Fort St. John) 250-787-2100
Shawna Kinsley, Past President (Prince George) 250-564-2100
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Garnet Weston, Director (Prince George) 250-563-1000
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-9975
News Release -January 11, 2022
Download the PDF
The REALTOR® members of the BC Northern Real Estate Board (BCNREB) reported 6701 property sales worth $2.4 billion in 2021 through the Multiple Listing Service® (MLS®), up from last year’s 5083 sales worth $1.6 billion.
Residential unit sales in the north remain elevated, although less so than during the frenetic first and second quarters of 2021. Seasonally adjusted sales in Q4 of 2021 are roughly 30 per cent above the level of Q4 of 2019, prior to any effects from the pandemic, but are down 21 per cent from Q3. Active listings continued their decline in Q4, falling 16 per cent from Q3, continuing a long-run downward trend in the number of actives which has predated the pandemic to 2015 or earlier. The combination of near-record sales and record low inventory is driving prices to new records. Residential prices are up roughly 28 per cent since the start of the pandemic and in Q4 averaged $399,615. Average days on market rose from 55 to 67 on a seasonally adjusted basis from Q3 to Q4 but are down from 71 days in the same quarter last year.
In 2021, the real estate market in the north boomed. Although it did not hit a record for sales, it came close, with sales in 2006 just 62 units higher. While new listings have remained steady throughout 2021 compared to prior years, very high sales activity drove active listings to the lowest level since records begin in 2000. These factors drove the sales to active listings ratio to record highs in 2021, surpassing the frenetic market activity for 2005-06, reaching a record of 40% in March. This, in turn, caused the average sale price in northern BC to surge 17.6% from $325,615 in 2020 to $382,786 in 2021.
Housing markets across the north ended the year with sales trending about 25 per cent above long-term average levels, pointing to a fast start to 2022. Unfortunately, the region will also start the year with extremely low supply, which means continued upward pressure on home prices. We expect markets will remain tight through the first half of 2022 before rising mortgage rates and expected tightening by the Bank of Canada starts to temper demand.
By Region
Cariboo Region
100 Mile House: 797 properties worth $266.8 million sold this year through MLS®, compared with 616 properties worth $177.4 million in 2020. The 179 single-family homes that sold in 2021 had a median value (half sold for less) of $395,000. In addition, 305 parcels of vacant land, 185 homes on acreage, 57 manufactured homes on land, 11 manufactured homes in parks, and 32 recreational properties changed hands in 2021. At the end of December, there were 136 properties of all types available for sale through MLS® in the 100 Mile House area, down from the 199 properties at the end of 2020.
Williams Lake: 595 sales worth $196.5 million were reported through MLS® in 2021, up from 455 sales worth $126.9 million the previous year. Half of the 213 single-family homes sold in 2021 sold for less than $370,000. 79 parcels of vacant land, 123 homes on acreage, 36 townhouses, 38 manufactured homes in parks and 46 manufactured homes on land were also sold in 2021. At the end of December, there were 94 properties of all types available through MLS® in the Williams Lake area, down from the 125 properties at the same time last year.
Quesnel: 486 properties changed hands in 2021 through MLS®, up from 398 that were sold in 2020. The value of these properties was $138.6 million ($97.7 million in 2020). The median value of the 155 single-family homes sold in 2021 was $325,000. In addition, 96 parcels of vacant land, 118 homes on acreage, 24 manufactured homes in parks and a further 45 on land were reported sold in 2021. At year-end, there were 85 properties of all types available for purchase through MLS® in the Quesnel area, down from 113 properties at the end of 2020.
Northwest Region
Prince Rupert: 283 properties worth $108.6 million changed hands in 2021 compared with 229 properties worth $72.9 million in 2020. Half of the 184 single-family homes sold in 2021 sold for less than $418,000. In addition, 28 parcels of vacant land, 5 townhouses and 21 half-duplexes sold in 2021. At year-end, there were 68 properties of all types available through MLS® in the Prince Rupert area, down from the 80 properties at the same time last year.
Terrace: 412 properties sold in 2021 were worth $173.2 million compared with 2020’s 318 properties worth $114.1 million. Of the 213 single-family homes that changed hands, half sold for less than $450,000. In addition, 39 parcels of vacant land, 36 homes on acreage, 28 manufactured homes in parks and a further 14 on land sold in 2021. As of December 31st, there were 124 properties of all types available through MLS® in the Terrace area, down from the 154 properties available at December 31st, 2020.
Kitimat: 190 properties worth $68 million changed hands in 2021 compared to the 166 properties worth $52.6 million that sold in 2020. The median value of the 115 single-family homes sold in 2021 was $365,000. In addition, 32 half-duplexes and 16 townhouses were sold. At year-end, there were 104 properties of all types available in the Kitimat area, which is down slightly from 106 at December 31st, 2020.
Bulkley Nechako Region
Houston: 58 properties worth $15.1 million changed hands in 2021, compared to the 35 properties worth $8.2 million that sold in 2020. The median value of the 37 single-family homes sold was $235,000. As of December 31st, there were 26 properties of all types available in the Houston area.
Smithers: REALTORS® reported 261 sales worth $96.8 million in 2021, compared to 252 sales worth $83.5 million in 2020. The median value of the 105 single-family homes that sold in 2021, was $400,000. 68 parcels of vacant land, 53 homes on acreage, 10 manufactured homes in parks and a further 11 on land also changed hands in 2021. At year-end, there were 51 properties of all types available in the Smithers area, compared with 78 at December 31st, 2020.
Burns Lake: 127 properties with a value of $36.8 million sold in 2021 compared with 75 worth $14.7 million in 2020. Half of the 34 single-family homes that sold, sold for less than $199,000. 40 parcels of vacant land, 30 homes on acreage and 8 manufactured homes on land also changed hands in 2021. As of December 31st, there were 37 properties of all types available through MLS® in the Burns Lake area, down from 60 at the end of 2020.
Vanderhoof: 190 properties sold in 2021 were worth $51.6 million, compared with 2020’s 146 properties worth $42.7 million. Of the 64 single-family homes that sold in 2021, half sold for less than $265,000. In addition, 55 parcels of vacant land, 40 homes on acreage, 5 manufactured homes in parks and a further 8 manufactured homes on land changed hands in 2021. As of December 31st, there were 36 properties of all types available through MLS® in the Vanderhoof area, compared with 47 properties a year ago.
In Fort St. James 100 properties worth $22.8 million sold in 2021, compared to 61 properties worth $11.3 million in 2020. At year-end, there were 18 properties of all types available through MLS® in the Fort St. James area, compared to 32 at the same time last year.
Northern Region
Fort St. John: 802 properties with a value of $310.3 million sold in 2021, up from 529 properties worth $187.8 million that sold in 2020. Of the 406 single-family homes sold in 2021, half sold for less than $377,000. In addition, 45 parcels of vacant land, 70 half-duplexes, 88 homes on acreage, 30 manufactured homes in parks and a further 82 on land sold in 2021. At the end of December, there were 430 properties of all types available through MLS® in the Fort St. John area, down from the 537 properties at the end of 2020.
Fort Nelson: 95 properties sold through MLS® in 2021 were worth $18.7 million, up from 2020’s 82 properties worth $12.1 million. Half of the 34 single-family homes sold in 2021, sold for less than $178,000. There were 14 homes on acreage and 1 townhouse also sold in 2021. As of December 31st, there were 116 properties of all types available through MLS® in the Fort Nelson area, up from the 96 properties on December 31st, 2020.
Fraser Fort George Region
Mackenzie: 111 properties worth $28.3 million were reported sold in 2021, compared with 2020’s 47 properties worth $8.6 million. The median value of the 77 single-family homes that sold in 2021 was $172,500. At year-end, there were 60 properties of all types available through MLS® in the Mackenzie area, down from the 63 properties at the same time in 2020.
Prince George: 1718 properties worth $710.7 million sold in 2021, compared with 1361 properties worth $500 million in 2020. At year-end, there were 302 properties of all types available through MLS® compared to 306 properties at the end of 2020.
In the area west of the by-pass, half of the 355 single-family homes sold in 2021, sold for less than $411,500. As well, 32 apartment units and 67 townhouses changed hands in 2021. As of December 31st, there were 18 single-family homes available through MLS® in this area of the City, compared to 14 at the same time last year.
East of the by-pass 49 apartment units, 29 half-duplexes, and 37 townhouses sold in 2021. The 200 single-family homes sold had a median value of $348,900. At the end of December there were 12 single-family homes available for sale through MLS® in this area compared with 19 at the end of 2020.
In the northern part of the city, 34 homes on acreage, 32 manufactured homes in parks and a further 63 manufactured homes on land sold in 2021. Of the 225 single-family homes sold, half sold for less than $465,500. As of December 31st, there were 11 single-family homes available through MLS® in this area of the City compared with 19 at the end of 2020.
In the southwest sector 15 half-duplexes, 21 townhouses, 13 homes on acreage, 12 manufactured homes in parks and a further 9 manufactured homes on land sold in 2021. Half of the 306 single-family homes sold in 2021 sold for less than $522,000. At year-end, there were 29 single-family homes available for sale through MLS® in the southwest sector, compared with the 20 at the end of 2020.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports the growth which encourages economic vitality, provides housing opportunities and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Single-family Residential
BC Northern Real Estate Board
|
Community |
December 31, 2019 |
Units |
December 31, 2020 |
Units |
December 31, 2021 |
Units |
|
100 Mile House |
323,579 |
143 |
337,762 |
179 |
410,600 |
179 |
|
Williams Lake |
287,916 |
158 |
335,585 |
153 |
377,583 |
213 |
|
Quesnel |
267,108 |
152 |
288,323 |
148 |
340,028 |
155 |
|
Prince Rupert |
299,895 |
153 |
345,405 |
158 |
427,776 |
184 |
|
Houston |
187,852 |
36 |
219,618 |
21 |
248,634 |
37 |
|
Smithers |
302,535 |
93 |
371,032 |
96 |
403,282 |
105 |
|
Burns Lake |
168,982 |
35 |
198,158 |
25 |
221,647 |
34 |
|
Vanderhoof |
231,571 |
48 |
222,560 |
60 |
269,723 |
64 |
|
Fort St. James |
234,929 |
24 |
200,705 |
27 |
243,955 |
35 |
|
Fort St. John |
375,775 |
245 |
373,081 |
271 |
396,911 |
406 |
|
Fort Nelson |
119,797 |
17 |
136,756 |
31 |
206,844 |
34 |
|
Mackenzie |
157,600 |
34 |
168,578 |
33 |
178,287 |
77 |
|
Prince George |
371,443 |
922 |
406,943 |
858 |
457,804 |
1101 |
|
Terrace |
398,553 |
155 |
400,539 |
163 |
467,492 |
213 |
|
Kitimat |
373,146 |
100 |
342,854 |
118 |
385,615 |
115 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
-30-
For more information about local conditions, contact:
Sandra Hinchliffe, President (Smithers) 250-847-5999
Wynnette Lowes, Vice President (Fort St. John) 250-787-2100
Shawna Kinsley, Past President (Prince George) 250-564-2100
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Garnet Weston, Director (Prince George) 250-563-1000
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -October 5, 2021
Download the PDF
The BC Northern Real Estate Board reports 5300 properties worth $1.9 billion sold through the Multiple Listing Service® (MLS®) in the first nine months of 2021. At this time last year, 3709 properties worth $1.2 billion had changed hands. As of September 30th, there were 2842 properties of all types available for sale through the MLS®, up from 3240 properties at the end of September last year.
The economy in the north is recovering from the initial shock of COVID-19 while the construction of several large capital projects is once again underway. As a result, BC Northern Real Estate Board’s (BCNREB) residential unit sales remain elevated, although less so than during the frenetic first and second quarters of 2021. Seasonally adjusted sales in Q3 of 2021 are roughly 30% above the level of Q4 of 2019, prior to any effects from the pandemic, but are down 14% from Q2. Active listings continued their decline in Q3, falling 6% from Q2, continuing a long-run downward trend in the number of actives which has predated the pandemic to 2015 or earlier. The combination of near-record sales and record low inventory is driving prices to new records. Residential prices are up roughly 25% since the start of the pandemic and were up 3% from Q2 to $394,310. Average days on market rose slightly from 56 to 59 on a seasonally adjusted basis from Q2 to Q3 but are down from 77 days in the same quarter last year.
Forecasting the remaining quarter of the year, the British Columbia Real Estate Association (BCREA) anticipates that BCNREB’s MLS® sales in 2021 will reach about 5,400, just short of the North’s all-time record of 5,564 sales in 2006. With extremely low inventory of available homes and continued heightened demand, prices are likely to continue rising throughout the year. As a result, BCREA forecasts that home prices will rise by close to 20 per cent in 2021.
Province-wide, economic recovery continues to perform well. BCREA preliminarily forecasts that BC’s GDP grew 6.7 year-over-year in August. BC retail sales are more than 10% above their pre-pandemic level, while housing starts are regularly hitting monthly records. Employment in the province is above the pre-pandemic period, although gains are concentrated among higher wage-earners.
Growth in the province has been driven partly by several large non-residential construction projects concentrated in the north. LNG Canada’s export terminal in Kitimat and the associated Coastal Gaslink pipeline, worth a combined $46 billion, are now in their third year of construction. During the third quarter, the projects entered the busy summer construction season, and directly employed thousands of workers each. The total workforce at the Site C Dam employed over 5,000 workers in the third quarter, up nearly 10% year-over-year. One in five of these workers are local Peace region residents. Rio Tinto’s tunnel-boring project near Kitimat and at the Trans Mountain pipeline expansion project continue to employ thousands of additional workers.
By Region:
Cariboo Region:
100 Mile House: So far, this year 650 properties worth $213.1 million have changed hands, compared to 465 properties worth $129.5 million to the end of September in 2020. Half of the 148 single-family homes that have sold, sold for less than $389,900 and took, on average, 53 days to sell. In addition, 248 parcels of vacant land, 152 homes on acreage, 11 manufactured homes in parks and a further 44 manufactured homes on land, as well as 27 recreational properties have sold this year. As of September 30th, there were 277 properties of all types available for purchase through the MLS® in the 100 Mile House area.
Williams Lake: 472 properties worth $155.2 million have sold in the first nine months, compared to 311 properties worth $89.8 million in the same period last year. Of the 182 single-family homes sold to the end of September, half sold for less than $370,000 and these homes took, on average, 36 days to sell. In addition, 64 parcels of vacant land, 28 townhomes, 87 homes on acreage, and 27 manufactured homes in parks and a further 34 on land, have sold this year. At the end of September, there were 174 properties of all types available for purchase through MLS® in the Williams Lake area.
Quesnel: To the end of September, 393 properties worth $112.1 million sold through MLS® compared to 299 properties worth $73.2 million to the end of the third quarter of 2020. Half of the 122 single-family homes sold so far this year, sold for less than $330,000 and took, on average, 47 days to sell. Also changing hands this year were 81 parcels of vacant land, 95 homes on acreage, 16 manufactured homes in parks and 36 manufactured homes on land. At the end of September, there were 148 properties of all types available for purchase through the MLS® in the Quesnel area.
Northwest Region:
Prince Rupert: 221 properties worth $84.4 million changed hands so far this year in the Prince Rupert area, compared with 168 properties worth $54.4 million to the end of September 2020. Of the 143 single-family homes that have changed hands this year, half sold for less than $401,500 and on average, took 52 days to sell. As of September 30th, there were 89 properties of all types available through the MLS® in the Prince Rupert area.
Terrace: In the first nine months of the year, 305 properties worth $124.6 million were reported sold in the Terrace area, compared to 219 properties worth $76.1 million during the same period last year. Half of the 168 single-family homes that have sold so far this year, sold for less than $450,000 and these homes took, on average, 59 days to sell. Also changing hands were 27 parcels of vacant land, 30 homes on acreage, 19 manufactured homes in parks and 9 manufactured homes on land. At the end of September, there were 179 properties of all types available through the MLS® in the Terrace area.
Kitimat: 158 properties worth $56.2 million have changed hands in the first nine months of 2021, compared to 119 properties worth $37.5 million to September 30, 2020. Of the 96 single-family homes sold so far this year, half sold for less than $369,000. These homes took, on average 81 days to sell. In addition, 28 half duplexes and 13 townhomes were also sold this year. At the end of September there were 149 properties of all types available through the MLS® in the Kitimat area.
Bulkley Nechako Region:
Houston: To the end of September, 49 properties worth $11.4 million sold in the Houston area, compared with 22 properties worth $4.7 million in the same period last year. At the end of September, there were 34 properties of all types available for purchase through MLS® in the Houston area.
Smithers: As of September 30th, 213 properties worth $76.3 million changed hands in the Smithers area, compared with 188 properties worth $62 million in the first nine months of 2020. Half of the 84 single-family homes sold so far this year, sold for less than $400,000 and these homes took, on average, 51 days to sell. Also changing hands this year were 60 parcels of vacant land, 41 homes on acreage, 9 manufactured homes in parks and 6 manufactured homes on land. As of September 30th, there were 81 properties of all types available through the MLS® in the Smithers area.
Burns Lake: So far this year 97 properties worth $23 million have been reported sold through MLS® compared to 54 properties worth $10.5 million in the first nine months of 2020. At the end of September, there were 54 properties of all types available for sale through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® assisted in the sale of 140 properties worth $38.3 million in the first nine months of the year compared with 102 properties worth $23.4 million at the same time last year. Half of the 52 single-family homes sold so far this year, sold for less than $250,000 and these homes took, on average, 45 days to sell. Also changing hands were 37 parcels of vacant land and 30 homes on acreage. At the end of September, there were 88 properties of all types available through MLS® in the Vanderhoof area.
Fort St. James: 75 properties worth $16.9 million were reported sold to the end of September, compared to 47 properties worth $8.7 million in the same period last year. As of September 30th, there were 39 properties of all types available for purchase through MLS® in the Fort St. James area.
Northern Region:
Fort St. John: As of September 30th, 629 properties worth $242.4 million were reported sold in the area, compared to 386 properties worth $137.7 million to September 30, 2020. Half of the 320 single-family homes sold so far this year, sold for less than $370,000; these homes took, on average, 63 days to sell. In addition, 34 parcels of vacant land, 60 half duplexes, 70 homes on acreage, 22 manufactured homes in parks and a further 70 manufactured homes on land, were reported sold. At the end of September, there were 566 properties of all types available for purchase through MLS® in the Fort St. John area.
Fort Nelson: 71 properties worth $14.5 million have sold in the first nine months of 2021, compared with 58 properties worth $8.1 million to the end of September 2020. Of the 21 single-family homes sold so far, half sold for less than $165,000. On average these homes took 101 days to sell. Also changing hands were 13 homes on acreage, 3 manufactured homes in parks and 15 manufactured homes on land. As of September 30th, there were 137 properties of all types available for purchase through MLS® in the Fort Nelson area.
Fraser Fort George Region:
Mackenzie: In the first nine months of 2021, 85 properties worth $14.3 million were reported sold through MLS® in the Mackenzie area, compared with 32 properties worth $6.3 million to September 30, 2020. Half of the 62 single-family homes sold so far this year, sold for less than $170,000 and these homes took, on average, 113 days to sell. At the end of September, there were 74 properties of all types available for purchase through MLS® in the Mackenzie area.
Prince George: In the City of Prince George, to the end of September 1353 properties worth $555.6 million changed hands, compared with 1015 properties worth $376.4 million to September 30, 2020. In the western part of the City the median price of the 269 homes sold this year, was $411,500. In the area east of the By-pass, the 159 single-family homes that sold had a median price of $348,900. In the northern part of the City, the 185 single-family homes sold had a median price of $450,000. In the southwest section of the city, the median price of the 237 single-family homes sold was $505,000. At the end of September, there were 519 properties of all types available for purchase through MLS® in the City of Prince George.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities by supporting the growth which encourages economic vitality, provides housing opportunities and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
September 30, 2019 |
Units |
September 30, 2020 |
Units |
September 30, 2021 |
Units |
|
100 Mile House |
322,537 |
114 |
343,388 |
134 |
407,608 |
148 |
|
Williams Lake |
296,480 |
133 |
333,199 |
112 |
378,727 |
182 |
|
Quesnel |
277,121 |
117 |
296,344 |
112 |
346,177 |
122 |
|
Prince Rupert |
310,155 |
110 |
340,645 |
118 |
418,985 |
143 |
|
Houston |
186,382 |
31 |
221,199 |
13 |
250,175 |
33 |
|
Smithers |
302,006 |
81 |
363,743 |
75 |
398,707 |
84 |
|
Burns Lake |
167,311 |
27 |
189,971 |
19 |
186,650 |
26 |
|
Vanderhoof |
240,529 |
35 |
232,563 |
41 |
259,198 |
52 |
|
Fort St. James |
257,968 |
19 |
185,645 |
21 |
252,104 |
24 |
|
Fort St. John |
378,671 |
196 |
373,700 |
195 |
391,808 |
320 |
|
Fort Nelson |
139,472 |
9 |
126,867 |
22 |
202,983 |
21 |
|
Mackenzie |
160,807 |
26 |
172,156 |
23 |
175,937 |
62 |
|
Prince George |
369,529 |
720 |
409,082 |
661 |
456,173 |
861 |
|
Terrace |
391,279 |
118 |
394,038 |
114 |
463,140 |
168 |
|
Kitimat |
392,712 |
70 |
343,569 |
79 |
380,238 |
96 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
-30-
For more information about local conditions, contact:
Sandra Hinchliffe, President (Smithers) 250-847-5999
Wynnette Lowes, Vice President (Fort St. John) 250-787-2100
Shawna Kinsley, Past President (Prince George) 250-564-2100
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Garnet Weston, Director (Prince George) 250-563-1000
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -July 9, 2021
Download the PDF
The BC Northern Real Estate Board (BCNREB) reports 3565 properties sold through the Multiple Listing Service® (MLS®) in the first six months of 2021, up from the 1786 sales reported in the first half of 2020. The value of these properties was $1.2 billion compared with $538.6 million in 2020. At the end of June, there were 3042 properties of all types available for purchase through the MLS® of BCNREB, down from 3489 at the same time last year.
With roughly 70% of BC’s population having received a first vaccine dose, BC is currently experiencing only a handful of new COVID-19 cases each day. As a result, the steep pandemic-induced recession of 2020-21 is waning rapidly across the province. BC is expected to reach an economic growth rate of 6% in 2021, a 25-year high, followed by 4% growth in 2022. Moreover, employment in BC is now only 1% below its pre-crisis levels. Growth is partly being driven by strong non-residential construction across the province and particularly in Northern BC. LNG Canada’s export terminal in Kitimat and the corresponding Coastal Gaslink Pipeline, worth a combined total of $46 billion, are now employing thousands of direct workers. Thousands of additional workers have returned to work at the Site C Dam near Fort St. John, at Rio Tinto’s tunnel-boring project near Kitimat, and at the Trans Mountain pipeline expansion project. This employment and spending continues to boost employment growth and housing demand in the North of the province.
Home sales across the north are continuing at a very strong pace. Sales in Q2 of 2021 are down 7% on a seasonally adjusted basis from Q1 but remain near record highs. Total MLS® unit sales in the region covered by the BC Northern Real Estate Board surged 101% compared to this time last year when the onset of the pandemic depressed market activity. In terms of unadjusted residential unit sales, May of 2021 was the largest ever recorded at 655. The level of active listings finished the second quarter down 16% year-over-year and is roughly unchanged on a seasonally-adjusted basis from Q1. The combination of record sales and near record low inventory is driving continued price growth. Average sale price rose 5.5% from Q1 to $382,489 in Q2. Year-over-year, average sale price was up 16.5% in Q2. Finally, average days on market declined slightly from 57 to 55 on a seasonally adjusted basis from Q1 to Q2. It is down from 74 days in the same quarter last year.
Forecasting the remaining half of the year, the British Columbia Real Estate Association (BCREA) anticipates that MLS® sales in 2021 will surpass the previous record of 5,564 units sold in 2006. With extremely low inventory of available homes and continued heightened demand, prices are likely to continue rising throughout the year. As a result, BCREA forecasts that home prices will rise by close to 20 per cent in 2021.
By Region:
Cariboo Region:
100 Mile House: 473 properties worth $148 million have changed hands through the MLS® in the area since January 1st. This compares with 174 properties worth $46 million in the same period in 2020. Half of the 101 homes that sold so far this year, sold for $369,800 or less and, on average, it took 53 days for these homes to sell. Also reported sold were 194 parcels of vacant land, 114 homes on acreage, 6 manufactured homes in parks, 31 on land, and 13 recreational properties. At the end of June there were 284 properties of all types available for purchase through the MLS® in the 100 Mile House area.
Williams Lake: 311 properties have sold so far this year, compared to 150 properties by June 30, 2020. The value of these properties is $96.8 million ($42.2 million in 2020). Of the 124 single-family homes sold this year, half sold for less than $369,000 and these homes took, on average, 36 days to sell. In addition, 44 parcels of vacant land, 19 townhouses, 54 homes on acreage, 20 manufactured homes in parks and 19 manufactured homes on land changed hands in the first six months of 2021. At the end of June there were 181 properties of all types available for purchase through the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area, REALTORS® reported 249 sales worth $62.9 million so far this year, compared to 141 sales worth $30.6 million in the first six months of 2020. Of the 81 single-family homes sold between January and June, half sold for less than $309,900; these homes took, on average, 47 days to sell. In addition, 55 parcels of vacant land, 51 homes on acreage, 12 manufactured homes in parks and 17 manufactured homes on land have sold in the first six months of 2021. As of June 30th, there were 179 properties of all types available for purchase through the MLS® in the Quesnel area.
Northwest Region:
Prince Rupert: 164 properties worth $62.2 million have been reported sold through the MLS® in the Prince Rupert area so far this year, compared to 89 properties worth $29.9 million in the first half of 2020. The median price of the 104 single-family homes that sold was $388,900. On average, it took these homes 55 days to sell. As of June 30th, there were 97 properties of all types available for purchase through the MLS® in the area.
Terrace: REALTORS® in the Terrace area sold 200 properties worth $84.2 million in the first six months of 2021, compared to 105 properties worth $34.1 million in the same period last year. Half of the 112 single-family homes that sold, sold for less than $450,000. On average, it took these homes 60 days to sell. In addition, 16 parcels of vacant land, 9 half-duplexes, and 21 homes on acreage changed hands in the first 6 months of the year. At the end of June there were 231 properties of all types available for purchase through the MLS® in the Terrace area.
Kitimat: 121 properties worth $43.8 million have sold through the MLS® in the Kitimat area in the first six months of 2021, compared to 48 properties worth $15 million at this time last year. Half of the 74 single-family homes sold so far this year sold for less than $370,000 and, on average, it took these homes 81 days to sell. At the end of June there were 140 properties of all types available for purchase through the MLS® in the Kitimat area.
Bulkley Nechako Region:
Houston: 40 properties worth $9.5 million have changed hands so far this year, compared to 14 properties worth $2.5 million in 2020. As of June 30th, there were 22 properties of all types available through the MLS® in the Houston area.
Smithers: REALTORS® in the Smithers area reported 136 sales with a value of $45.5 million in the first six months of 2021, compared to 90 sales worth $28.1 million at this time last year. Half of the 55 single-family homes sold so far this year sold for less than $367,500 and took, on average, 55 days to sell. 43 parcels of vacant land and 20 homes on acreage also changed hands since January 1st. As of June 30th, there were 89 properties of all types available through MLS® in the Smithers area.
Burns Lake: In the first six months of 2021, 68 properties worth $16.3 million were reported sold through the MLS® in the Burns Lake area, compared to 17 properties worth $2.7 million in the same time-period last year. At the end of June there were 57 properties of all types available for purchase through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 87 sales worth $24.9 million in the first six months of the year, compared to 56 sales worth $13 million to June 30, 2020. As of June 30th, there were 87 properties of all types available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: 46 properties worth $10.1 million have sold through the MLS® in the Fort St. James area so far this year, compared with 27 properties worth $5.3 million in the first six months of 2020. At the end of June there were 45 properties of all types available for purchase through the MLS® in the Fort St. James area.
Northern Region:
Fort St. John: REALTORS® assisted in the sale of 422 properties worth $162.9 million in the first half of 2021, compared to 188 properties worth $63.6 million in the first six months of 2020. The 217 single-family homes which sold so far this year had a median selling price of $365,000 and it took, on average, 62 days for these homes to sell. In addition, 21 parcels of vacant land, 46 half-duplexes, 42 homes on acreage, 12 manufactured homes in parks and 43 manufactured homes on land changed hands so far this year. As of June 30th, there were 619 properties of all types available for purchase through the MLS® in the Fort St. John area.
Fort Nelson: 50 properties worth $10.1 million have sold since January 1st, compared to 35 properties worth $4.3 million in the same period last year. Half of the 16 single-family homes sold since January sold for less than $175,000. These homes took, on average, 98 days to sell. At the end of June, there were 142 properties of all types available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region:
Mackenzie: In the first six months of 2021, 52 properties worth $9 million were reported sold through the MLS® in the Mackenzie area, compared to 18 properties worth $2.9 million to June 30, 2020. Half of the 38 single-family homes sold so far this year sold for less than $176,000 and took, on average, 124 days to sell. As of June 30th, there were 86 properties of all types available for purchase through the MLS® in the Mackenzie area.
Prince George: In the City of Prince George, 894 properties worth $370.1 million have changed hands so far this year, compared with 520 properties worth $180.2 million in the first six months of last year. In the western part of the city, the median price of the 170 single-family homes that have sold through MLS® was $414,000. In the area east of the bypass, the 100 single-family homes that sold had a median price of $340,000. In the northern part of the city 125 single-family homes sold with a median price of $450,000. The 163 single-family homes that sold in the southwest section of the city had a median sale price of $505,000. At the end of June there were 521 properties of all types available for purchase through the MLS® in the City of Prince George.
The 380 REALTOR® members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth that encourages economic vitality, provides housing opportunities, respects the environment, protects property-owners and builds communities with good schools and safe neighbourhoods. The 380 REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
June 30, 2019 |
Units |
June 30, 2020 |
Units |
June 30, 2021 |
Units |
|
100 Mile House |
318,924 |
61 |
332,780 |
56 |
387,343 |
101 |
|
Williams Lake |
306,249 |
77 |
318,783 |
59 |
372,637 |
124 |
|
Quesnel |
281,055 |
58 |
287,791 |
53 |
319,970 |
81 |
|
Prince Rupert |
285,817 |
65 |
331,020 |
62 |
409,474 |
104 |
|
Houston |
179,945 |
20 |
197,482 |
9 |
252,469 |
28 |
|
Smithers |
294,783 |
53 |
318,243 |
39 |
379,481 |
55 |
|
Burns Lake |
134,069 |
13 |
197,500 |
4 |
162,095 |
21 |
|
Vanderhoof |
225,907 |
19 |
220,325 |
20 |
238,969 |
33 |
|
Fort St. James |
239,550 |
10 |
197,266 |
12 |
255,178 |
14 |
|
Fort St. John |
382,401 |
129 |
369,723 |
90 |
384,738 |
217 |
|
Fort Nelson |
137,150 |
5 |
102,005 |
15 |
216,953 |
16 |
|
Mackenzie |
183,031 |
16 |
162,590 |
12 |
180,225 |
38 |
|
Prince George |
366,073 |
449 |
389,985 |
322 |
455,842 |
566 |
|
Terrace |
386,494 |
76 |
370,891 |
55 |
463,282 |
112 |
|
Kitimat |
392,128 |
42 |
342,452 |
31 |
379,559 |
74 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern
100 Mile House
Williams Lake
Quesnel
Prince Rupert
Terrace
Kitimat
Smithers
Prince George
Fort St. John
For more information about local conditions, contact:
Sandra Hinchliffe, President (Smithers) 250-847-5999
Wynnette Lowes, Vice President (Fort St. John) 250-787-2100
Shawna Kinsley, Past President (Prince George) 250-564-2100
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Garnet Weston, Director (Prince George) 250-563-1000
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -April 20, 2021
Download the PDF
BC Northern Real Estate Board of Directors 2021-2022
Prince George, BC - The BC Northern Real Estate Board (BCNREB) is pleased to announce that Sandra Hinchliffe was elected President for the 2021-2022 term which began at the Board’s recent AGM.
Sandra has been a REALTOR® for over 18 years and is an Associate Broker at RE/MAX Bulkley Valley, Smithers. She has served on many Board Committees including the Professional Standards Committee and has an interest in advocating on topics of interest in northern communities, such as housing affordability and housing supply.
President Sandra Hinchliffe comments “I am looking forward to serving as President of the BC Northern Real Estate Board. Our Board is the professional association of more than 380 REALTORS® who serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south, and from the Alberta border to Haida Gwaii.
COVID made 2020 a stressful time for everyone. I am proud of how our members adapted to the new safety procedures and continued to work with clients to make the security of home ownership possible. Even as we experience the third wave of the pandemic, I continue to hope that later in 2021 or early 2022 we will see a return to normalcy. Until that time, our members remain committed to following health authority guidelines while providing local real estate services.”
Sandra Hinchliffe takes over the Presidency from now Past President Shawna Kinsley. Wynette Lowes was elected Vice President.
The full 2021-2022 BCNREB Board of Directors is as follows:
Sandra Hinchliffe, President, RE/MAX Bulkley Valley, Smithers.
Wynnette Lowes, Vice-President, Century 21 Energy Realty, Fort St. John.
Shawna Kinsley, Past President, Century 21 Energy Realty (PG), Prince George.
Garnet Weston, Director, Team Powerhouse Realty, Prince George.
David Jurek, Director, RE/MAX 100, 100 Mile House.
Nicole Gilliss, Director, Century 21 Energy Realty, Hudson’s Hope.
Breanne Cote, Director, Royal LePage Aspire Realty, Prince George.
Kristine Newell, Director, Team Powerhouse Realty, Prince George.
Sheila Love, Director, RE/MAX Coast Mountains-Terrace, Terrace.
Christine Buemann, Public Director, The Collective Mortgage Group, Prince George.
Dean Simpson, Public Director, MD Management Limited, Prince George.
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The REALTOR® trademark is owned or controlled by The Canadian Real Estate Association. Used under license.
News Release -April 8, 2021
Download the PDF
The BC Northern Real Estate Board (BCNREB) reported 1530 sales with a value of $501,952,330 through the Multiple Listing Service® (MLS®) in the first quarter of 2021. This compares with 753 sales worth $217,389,724 to the end of March 2020. As of March 31st, there were 2410 properties of all types available for purchase through the MLS® compared to 3096 at this time last year.
The BC economy’s recovery from the COVID-19 induced recession of 2020 is well underway and economic growth in the province this year is expected to reach a 25-year high of 5 per cent, followed by nearly 4 per cent growth in 2022. That elevated rate of growth will be fueled by pent-up consumer spending, aided by record household savings, as well as a recovering global economy and strong non-residential construction. Much of the increase in non-residential construction is due to activity occurring throughout Northern BC. A ramp-up in spending and activity related to LNG projects and pipelines, along with strong commodity prices spurred by a recovery in global demand should provide a boost to employment growth and housing demand in the North.
“A surge in home sales is already under way with sales in the first quarter of 2021 on a record pace”, states President Shawna Kinsley. Total MLS® unit sales in the region covered by the BC Northern Real Estate Board were up 83 per cent in the first quarter year-over-year and were up 21 per cent from the fourth quarter of 2020 on a seasonally adjusted basis. The average level of active listings finished the first quarter down 28 per cent year-over-year and fell 7 per cent on a seasonally adjusted basis. President Kinsley notes that “with the supply of listings near record lows and sales at a record high, home prices continue to rise at an accelerated rate. The MLS® average price for the BC Northern Real Estate Board was up 22 per cent year-over-year in the first quarter to $361,102.”
Looking ahead, the British Columbia Real Estate Association (BCREA) expects MLS® sales in 2021 in the region to approach and likely surpass its previous annual record of 5,564 units set in 2006. Meanwhile, extremely low levels of supply mean that prices will continue to be under extraordinary pressure this year. As such, BCREA forecast MLS® average prices to rise by 10-15 per cent in 2021.
By Region:
(2020 values appear in brackets)
Cariboo Region
100 Mile House and area: A total of 214 (66) properties of all types worth $62.6 million ($14.8 million) have been sold by REALTORS® in the area since the beginning of the year. In the first three months of 2021, 41 single-family homes, 92 parcels of vacant land and 52 homes on acreage changed hands. At the end of the quarter there were 223 (373) properties available for purchase through the MLS®.
Williams Lake: 119 (58) properties have sold so far this year through MLS® in the Williams Lake area. The value of these properties was $ 34.3 million ($15.4). In addition to the 44 single-family homes sold, 21 homes on acreage, 11 manufactured homes in parks, and 5 manufactured homes on land have changed hands in the first quarter. As of March 31st, there were 141 (190) properties listed on the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area REALTORS® reported 117 (47) sales worth $23.3 million ($8.5 million) in the first three months of 2021. In addition to the 26 single-family homes that sold, 35 parcels of vacant land and 19 homes on acreage have sold this year. There were 112 (161) properties of all types available for purchase through MLS® in the Quesnel area as of March 31st.
Northwest Region
Prince Rupert: 69 (47) properties worth $26.9 million ($15.4 million) have sold through the MLS® so far this year. Of those 69 properties sold, 43 were single-family residential properties and 8 were parcels of vacant land. As of March 31st, there were 88 (104) properties of all types available for purchase through the MLS® in the Prince Rupert area.
Terrace: REALTORS® in the Terrace area sold 69 (58) properties in the first quarter of 2021. The value of these properties was $28.5 million ($18.9 million). 33 single-family homes, 4 manufactured homes in parks, and 2 manufactured homes on land have changed hands since January 1st. As of March 31st, there were 189 (222) properties of all types available for sale in the Terrace area.
Kitimat: In the first quarter of 2021, 55 (18) properties worth $19 million ($6.2 million) have been reported sold. Of those 55 properties, 35 were single-family homes, 8 were half-duplexes and 3 were townhouses. At the end of March there were 123 (113) properties of all types available for sale through MLS® in the Kitimat area.
Bulkley Nechako Region
Smithers: REALTORS® in the Smithers area reported 70 (43) sales with a value of $22 million ($12 million) to March 31st, 2021. In addition to the 22 single-family homes that sold, 28 parcels of vacant land, 9 homes on acreage, and 3 manufactured homes in parks changed hands this year. At the end of the first quarter there were 65 (122) properties of all types available for purchase through the MLS® in the Smithers area.
Burns Lake: 30 (4) properties worth $8.3 million ($456 thousand) have changed hands since January 1st. At the end of March there were 48 (80) properties of all types available for sale through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 30 (19) sales worth $8.8 million ($4.4 million) in the first quarter of 2021. At the end of March there were 41 (89) properties available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: In the first quarter of 2021 there were 17 (11) sales worth $3 million ($2.1 million) in the Fort St. James area. As of March 31st, there were 37 (54) properties available on the MLS® in the area.
Northern Region
Fort St. John: In the Fort St. John area, 170 (90) properties worth $60.2 million ($28.3 million) changed hands in the first quarter of 2021. In addition to the 92 single-family homes sold, 18 half-duplexes, 15 homes on acreage, 6 manufactured homes in parks and 17 manufactured homes on land have sold since January 1st. At the end of March there were 572 (644) properties of all types available for purchase through the MLS® in the Fort St. John region.
Fort Nelson: 39 (11) properties worth $7.4 million ($1.6 million) were reported sold through the MLS® since the beginning of the year. At the end of March there were 108 (124) properties available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region
Mackenzie: Since January 1st 13 (10) properties worth $1.9 million ($1.5 million) have changed hands. As of March 31st, there were 65 (56) properties available for purchase through the MLS® in the Mackenzie area.
City of Prince George: 380 (221) properties of all types, worth $156 million ($73.3 million), have changed hands in the first 3 months of 2021 in the City of Prince George. In the western part of the City, the median price of the 70 single-family homes that have sold on MLS® was $410,000 ($346,000). In the area east of the by-pass, the 38 single-family homes that sold had a median value of $325,000 ($272,500). In the northern part of the city, commonly referred to as “the Hart”, 54 single-family homes sold with a median price of $420,000 ($401,250). In the southwestern section of the city, 64 homes have sold since January with a median price of $510,000 ($453,500). At the end of March there were 389 (509) properties of all types available on the MLS® within the city limits.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth which encourages economic vitality, provides housing opportunities, and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south, and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
March 31, 2019 |
Units |
March 31, 2020 |
Units |
March 31, 2021 |
Units |
|
100 Mile House |
302,768 |
22 |
258,288 |
17 |
384,849 |
41 |
|
Williams Lake |
327,185 |
28 |
289,834 |
29 |
369,272 |
44 |
|
Quesnel |
275,601 |
20 |
228,687 |
16 |
272,745 |
26 |
|
Prince Rupert |
278,040 |
22 |
302,818 |
29 |
430,162 |
43 |
|
Smithers |
274,389 |
19 |
261,326 |
23 |
385,068 |
22 |
|
Fort St. John |
366,136 |
54 |
376,976 |
41 |
376,884 |
92 |
|
Prince George |
354,860 |
154 |
383,643 |
129 |
450,901 |
227 |
|
Terrace |
376,626 |
26 |
346,886 |
29 |
439,154 |
33 |
|
Kitimat |
358,950 |
12 |
356,853 |
11 |
367,416 |
35 |
Note: Any area with fewer than 10 residential-detached house sales in the past 3 years has been omitted from this chart.
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern
100 Mile House
Williams Lake
Quesnel
Prince Rupert
Terrace
Kitimat
Smithers
Prince George
Fort St. John
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For more information about local conditions, contact:
Shawna Kinsley, President (Prince George) 250-564-2100
Sandra Hinchliffe, Vice President (Smithers) 250-847-5999
Leah Mayer, Past President (Prince George) 250-564-4488
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Wynnette Lowes, Director (Fort St. John) 250-787-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -January 11, 2021
Download the PDF
The REALTOR® members of the BC Northern Real Estate Board (BCNREB) reported 5083 property sales worth $1.6 billion in 2020 through the Multiple Listing Service® (MLS®), up from last year’s 4748 sales worth $1.5 billion.
“MLS® home sales in 2020 made an exceptional recovery from the pandemic-induced pullback during the first half of the year”, said President Shawna Kinsley. The surge in sales in the second half of 2020 was aided by pent-up demand from spring sales that were put on hold, record-low mortgage rates, and historically high savings rates that likely fast-tracked down payments.
As a result, MLS® home sales in the region covered by the BC Northern Real Estate Board grew by 4.2 per cent year-over-year to a total of 4,278 units. In contrast, active listings fell by 30.5 per cent year-over-year to 1,104 units, the lowest level recorded since 1993, as potential sellers continued to put off listing their properties. The mismatch between demand and supply placed upward pressure on MLS® average prices, finishing the year 7.1 per cent higher year-over-year, reaching a record high of $332,893.
Looking to 2021, the British Columbia Real Estate Association (BCREA) expects continued momentum going into the new year with the help of record-low mortgage rates and demand for larger homes. Sales will be bounded by the low level of supply in the market, which will place considerable pressure on prices until active listings pick-up. We expect 2021 MLS® home sales will build on momentum gained in 2020 and rise 12 per cent to 4,800 units. The MLS® average home price for the BC Northern board area is forecast to rise 5 per cent to $350,000.
By Region
Cariboo Region
100 Mile House: 616 properties worth $177.4 million sold this year through MLS®, compared with 447 properties worth $118.1 million in 2019. The 179 single-family homes that sold in 2020 had a median value (half sold for less) of $315,000. In addition, 181 parcels of vacant land, 137 homes on acreage, 50 manufactured homes on land, 9 manufactured homes in parks, and 36 recreational properties changed hands in 2020. At the end of December, there were 199 properties of all types available for sale through MLS® in the 100 Mile House area, down from the 324 properties at the end of 2019.
Williams Lake: 455 sales worth $126.9 million were reported through MLS® in 2020, down from 472 sales worth $126.2 million the previous year. Half of the 153 single-family homes sold in 2020 sold for less than $322,000. 68 parcels of vacant land, 103 homes on acreage, 22 townhouses, 39 manufactured homes in parks and 35 manufactured homes on land were also sold in 2020. At the end of December, there were 125 properties of all types available through MLS® in the Williams Lake area, down from the 171 properties at the same time last year.
Quesnel: 398 properties changed hands in 2020 through MLS®, up from 351 that were sold in 2019. The value of these properties was $97.7 million ($83 million in 2019). The median value of the 148 single-family homes sold in 2020 was $275,000. In addition, 59 parcels of vacant land, 94 homes on acreage, 26 manufactured homes in parks and a further 43 on land were reported sold in 2020. At year-end, there were 113 properties of all types available for purchase through MLS® in the Quesnel area, down from 145 properties at the end of 2019.
Northwest Region
Prince Rupert: 229 properties worth $72.9 million changed hands in 2020 compared with 201 properties worth $59. million in 2019. Half of the 158 single-family homes sold in 2020 sold for less than $347,000. In addition, 24 parcels of vacant land, 8 townhouses and 16 half-duplexes sold in 2020. At year-end, there were 80 properties of all types available through MLS® in the Prince Rupert area, down from the 108 properties at the same time last year.
Terrace: 318 properties sold in 2020 were worth $114.1 million compared with 2019’s 282 properties worth $95.4 million. Of the 163 single-family homes that changed hands, half sold for less than $390,000. In addition, 26 parcels of vacant land, 45 homes on acreage, 32 manufactured homes in parks and a further 13 on land sold in 2020. As of December 31st, there were 154 properties of all types available through MLS® in the Terrace area, down from the 192 properties available at December 31st, 2019.
Kitimat: 166 properties worth $52.6 million changed hands in 2020 compared to the 144 properties worth $63.7 million that sold in 2019. The median value of the 118 single-family homes sold in 2020 was $327,500. In addition, 19 half-duplexes and 19 townhouses were sold. At year-end, there were 106 properties of all types available in the Kitimat area, which was unchanged from 106 at December 31st, 2019.
Bulkley Nechako Region
Houston: 35 properties worth $8.2 million changed hands in 2020, compared to the 52 properties worth $10.5 million that sold in 2019. The median value of the 21 single-family homes sold was $212,500. As of December 31st, there were 25 properties of all types available in the Houston area.
Smithers: REALTORS® reported 252 sales worth $83.5 million in 2020, compared to 222 sales worth $67 million in 2019. The median value of the 96 single-family homes that sold in 2020, was $371,000. 44 parcels of vacant land, 49 homes on acreage, 21 manufactured homes in parks and a further 16 on land also changed hands in 2020. At year-end, there were 78 properties of all types available in the Smithers area, compared with 123 at December 31st, 2019.
Burns Lake: 75 properties with a value of $14.7 million sold in 2020 compared with 84 worth $13.9 million in 2019. Half of the 25 single-family homes that sold, sold for less than $165,000. 18 parcels of vacant land, 23 homes on acreage and 3 manufactured homes on land also changed hands in 2020. As of December 31st, there were 60 properties of all types available through MLS® in the Burns Lake area, down from 78 at the end of 2019.
Vanderhoof: 146 properties sold in 2020 were worth $42.7 million, compared with 2019’s 120 properties worth $31.3 million. Of the 60 single-family homes that sold in 2020, half sold for less than $230,000. In addition, 26 parcels of vacant land, 32 homes on acreage, 1 manufactured home in a park and a further 12 manufactured homes on land changed hands in 2020. As of December 31st, there were 47 properties of all types available through MLS® in the Vanderhoof area, compared with 81 properties a year ago.
In Fort St. James 61 properties worth $11.3 million sold in 2020, compared to 61 properties worth $9.9 million in 2019. At year-end, there were 32 properties of all types available through MLS® in the Fort St. James area, compared to 63 at the same time last year.
Northern Region
Fort St. John: 529 properties with a value of $187.8 million sold in 2020, down from 501 properties worth $179.3 million that sold in 2019. Of the 271 single-family homes sold in 2020, half sold for less than $352,500. In addition, 23 parcels of vacant land, 52 half-duplexes, 66 homes on acreage, 24 manufactured homes in parks and a further 44 on land sold in 2020. At the end of December, there were 537 properties of all types available through MLS® in the Fort St. John area, down from the 566 properties at the end of 2019.
Fort Nelson: 82 properties sold through MLS® in 2020 were worth $12.1 million, up from 2019’s 48 properties worth $5.5 million. Half of the 31 single-family homes sold in 2020, sold for less than $125,000. There were 7 homes on acreage and 2 townhouses also sold in 2020. As of December 31st, there were 96 properties of all types available through MLS® in the Fort Nelson area, down from the 101 properties on December 31st, 2019.
Fraser Fort George Region
Mackenzie: 47 properties worth $8.6 million were reported sold in 2020, compared with 2019’s 45 properties worth $7 million. The median value of the 33 single-family homes that sold in 2020 was $165,000. At year-end, there were 63 properties of all types available through MLS® in the Mackenzie area, down from the 86 properties at the same time in 2019.
Prince George: 1361 properties worth $500 million sold in 2020, compared with 1417 properties worth $491.7 million in 2019. At year-end, there were 306 properties of all types available through MLS® compared to 429 properties at the end of 2019.
In the area west of the by-pass, half of the 246 single-family homes sold in 2020, sold for less than $364,500. As well, 24 apartment units and 42 townhouses changed hands in 2020. As of December 31st, there were 14 single-family homes available through MLS® in this area of the City, compared to 22 at the same time last year.
East of the by-pass 37 apartment units, 26 half-duplexes, and 26 townhouses sold in 2020. The 170 single-family homes sold had a median value of $307,000. At the end of December there were 19 single-family homes available for sale through MLS® in this area compared with 24 at the end of 2019.
In the northern part of the city, 27 homes on acreage, 26 manufactured homes in parks and a further 52 manufactured homes on land sold in 2020. Of the 168 single-family homes sold, half sold for less than $417,000. As of December 31st, there were 19 single-family homes available through MLS® in this area of the City compared with 39 at the end of 2019.
In the southwest sector 9 half-duplexes, 21 townhouses, 12 homes on acreage, 10 manufactured homes in parks and a further 8 manufactured homes on land sold in 2020. Half of the 260 single-family homes sold in 2020 sold for less than $450,000. At year-end, there were 20 single-family homes available for sale through MLS® in the southwest sector, compared with the 36 at the end of 2019.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports the growth which encourages economic vitality, provides housing opportunities and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Single-family Residential
BC Northern Real Estate Board
|
Community |
December 31, 2018 |
Units |
December 31, 2019 |
Units |
December 31, 2020 |
Units |
|
100 Mile House |
301,391 |
150 |
323,579 |
143 |
337,762 |
179 |
|
Williams Lake |
291,351 |
167 |
287,916 |
158 |
335,585 |
153 |
|
Quesnel |
237,718 |
146 |
267,108 |
152 |
288,323 |
148 |
|
Prince Rupert |
294,872 |
149 |
299,895 |
153 |
345,405 |
158 |
|
Houston |
174,067 |
32 |
187,852 |
36 |
219,618 |
21 |
|
Smithers |
296,499 |
116 |
302,535 |
93 |
371,032 |
96 |
|
Burns Lake |
163,238 |
26 |
168,982 |
35 |
198,158 |
25 |
|
Vanderhoof |
238,196 |
55 |
231,571 |
48 |
222,560 |
60 |
|
Fort St. James |
219,052 |
19 |
234,929 |
24 |
200,705 |
27 |
|
Fort St. John |
366,129 |
290 |
375,775 |
245 |
373,081 |
271 |
|
Fort Nelson |
115,913 |
30 |
119,797 |
17 |
136,756 |
31 |
|
Mackenzie |
183,268 |
38 |
157,600 |
34 |
168,578 |
33 |
|
Prince George |
350,713 |
917 |
371,443 |
922 |
406,943 |
858 |
|
Terrace |
346,500 |
205 |
398,553 |
155 |
400,539 |
163 |
|
Kitimat |
298,200 |
168 |
373,146 |
100 |
342,854 |
118 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern
100 Mile House
Williams Lake
Quesnel
Prince Rupert
Terrace
Kitimat
Smithers
Prince George
Fort St. John
-30-
For more information about local conditions, contact:
Shawna Kinsley, President (Prince George) 250-564-2100
Sandra Hinchliffe, Vice President (Smithers) 250-847-5999
Leah Mayer, Past President (Prince George) 250-564-4488
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -October 8, 2020
Download the PDF
The BC Northern Real Estate Board reports 3709 properties worth $1.2 billion sold through the Multiple Listing Service® (MLS®) in the first nine months of 2020. At this time last year, 3741 properties worth $1.1 billion had changed hands. As of September 30th, there were 3240 properties of all types available for sale through the MLS®, up from 4034 properties at the end of September last year.
BCNREB President Shawna Kinsley comments: “The third quarter of 2020 saw the second-highest sales on record in the region since data was collected in 1980. Much of the increase was driven by pent-up demand from sales that did not occur during the spring due to containment measures and record-low mortgage rates.
As a result, total MLS® unit sales in the region covered by the BC Northern Real Estate Board grew by 32 per cent in the third quarter year-over-year. In contrast, active listings fell by 24 per cent year-over-year, as potential sellers continued to put off listing their properties. Government support and mortgage deferral programs also helped to prevent financially vulnerable households from being forced to sell. As a result, market conditions have tightened and the MLS® average price is up by 14 per cent year-over-year to $348,999 in the third quarter.
While there is concern over the rising number of COVID-19 cases across the province, prevailing strong demand in the third quarter and record-low mortgage rates mean momentum in the market will likely continue. The British Columbia Real Estate Association (BCREA) forecast MLS® sales in the region to finish 2020 about 2 per cent higher than 2019 sales. Meanwhile, re-sales supply is expected to continue to be slow to respond. As such, BCREA forecast MLS® average prices to rise by 7 per cent in 2020 at $333,000.”
By Region:
Cariboo Region:
100 Mile House: So far, this year 465 properties worth $129.5 million have changed hands, compared to 356 properties worth $94.2 million to the end of September in 2019. Half of the 134 single-family homes that have sold, sold for less than $320,000 and took, on average, 95 days to sell. In addition, 144 parcels of vacant land, 93 homes on acreage, 7 manufactured homes in parks and a further 41 manufactured homes on land, as well as 28 recreational properties have sold this year. As of September 30th, there were 344 properties of all types available for purchase through the MLS® in the 100 Mile House area.
Williams Lake: 311 properties worth $89.8 million have sold in the first nine months, compared to 385 properties worth $101.6 million in the same period last year. Of the 112 single-family homes sold to the end of September, half sold for less than $322,000 and these homes took, on average, 46 days to sell. In addition, 46 parcels of vacant land, 16 townhomes, 72 homes on acreage, and 21 manufactured homes in parks and a further 19 on land, have sold this year. At the end of September, there were 224 properties of all types available for purchase through MLS® in the Williams Lake area.
Quesnel: To the end of September, 299 properties worth $73.2 million sold through MLS® compared to 274 properties worth $66.5 million to the end of the third quarter of 2019. Half of the 112 single-family homes sold so far this year, sold for less than $280,000 and took, on average, 44 days to sell. Also changing hands this year were 46 parcels of vacant land, 68 homes on acreage, 18 manufactured homes in parks and 33 manufactured homes on land. At the end of September, there were 181 properties of all types available for purchase through the MLS® in the Quesnel area.
Northwest Region:
Prince Rupert: 168 properties worth $54.4 million changed hands so far this year in the Prince Rupert area, compared with 147 properties worth $41.9 million to the end of September 2019. Of the 118 single-family homes that have changed hands this year, half sold for less than $341,500 and on average, took 79 days to sell. As of September 30th, there were 89 properties of all types available through the MLS® in the Prince Rupert area.
Terrace: In the first nine months of the year, 219 properties worth $76.1 million were reported sold in the Terrace area, compared to 220 properties worth $73.4 million during the same period last year. Half of the 114 single-family homes that have sold so far this year, sold for less than $385,000 and these homes took, on average, 61 days to sell. Also changing hands were 16 parcels of vacant land, 33 homes on acreage, 23 manufactured homes in parks and 9 manufactured homes on land. At the end of September, there were 247 properties of all types available through the MLS® in the Terrace area.
Kitimat: 119 properties worth $37.5 million have changed hands in the first nine months of 2020, compared to 106 properties worth $50.6 million to September 30, 2019. Of the 79 single-family homes sold so far this year, half sold for less than $327,500. These homes took, on average 85 days to sell. In addition, 12 half duplexes and 19 townhomes were also sold this year. At the end of September there were 159 properties of all types available through the MLS® in the Kitimat area.
Bulkley Nechako Region:
Houston: To the end of September, 22 properties worth $4.7 million sold in the Houston area, compared with 46 properties worth $9.4 million in the same period last year. At the end of September, there were 26 properties of all types available for purchase through MLS® in the Houston area.
Smithers: As of September 30th, 188 properties worth $62million changed hands in the Smithers area, compared with 175 properties worth $51.9 million in the first nine months of 2019. Half of the 75 single-family homes sold so far this year, sold for less than $365,000 and these homes took, on average, 64 days to sell. Also changing hands this year were 28 parcels of vacant land, 36 homes on acreage, 20 manufactured homes in parks and 14 manufactured homes on land. As of September 30th, there were 99 properties of all types available through the MLS® in the Smithers area.
Burns Lake: So far this year 54 properties worth $10.5 million have been reported sold through MLS® compared to 69 properties worth $11.7 million in the first nine months of 2019. At the end of September, there were 70 properties of all types available for sale through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® assisted in the sale of 102 properties worth $23.4 million in the first nine months of the year compared with 96 properties worth $26.6 million at the same time last year. Half of the 41 single-family homes sold so far this year, sold for less than $247,500 and these homes took, on average, 87 days to sell. Also changing hands were 16 parcels of vacant land and 22 homes on acreage. At the end of September, there were 92 properties of all types available through MLS® in the Vanderhoof area.
Fort St. James: 47 properties worth $8.7 million were reported sold to the end of September, compared to 52 properties worth $8.9 million in the same period last year. As of September 30th, there were 53 properties of all types available for purchase through MLS® in the Fort St. James area.
Northern Region:
Fort St. John: As of September 30th, 386 properties worth $137.7 million were reported sold in the area, compared to 393 properties worth $142.2 million to September 30, 2019. Half of the 195 single-family homes sold so far this year, sold for less than $353,000; these homes took, on average, 80 days to sell. In addition, 12 parcels of vacant land, 42 half duplexes, 51 homes on acreage, 21 manufactured homes in parks and a further 30 manufactured homes on land, were reported sold. At the end of September, there were 644 properties of all types available for purchase through MLS® in the Fort St. John area.
Fort Nelson: 58 properties worth $8.1 million have sold in the first nine months of 2020, compared with 34 properties worth $3.1 million to the end of September 2019. Of the 22 single-family homes sold so far, half sold for less than $123,000. On average these homes took 195 days to sell. Also changing hands were 4 homes on acreage, 4 manufactured homes in parks and 14 manufactured homes on land. As of September 30th, there were 111 properties of all types available for purchase through MLS® in the Fort Nelson area.
Fraser Fort George Region:
Mackenzie: In the first nine months of 2020, 32 properties worth $6.3 million were reported sold through MLS® in the Mackenzie area, compared with 35 properties worth $5.7 million to September 30, 2019. Half of the 23 single-family homes sold so far this year, sold for less than $165,000 and these homes took, on average, 120 days to sell. At the end of September, there were 70 properties of all types available for purchase through MLS® in the Mackenzie area.
Prince George: In the City of Prince George, to the end of September 1015 properties worth $376.4 million changed hands, compared with 1110 properties worth $386.1 million to September 30, 2019. In the western part of the City the median price of the 190 homes sold this year, was $364,500. In the area east of the By-pass, the 122 single-family homes that sold had a median price of $295,000. In the northern part of the City, the 129 single-family homes sold had a median price of $412,500. In the southwest section of the city, the median price of the 212 single-family homes sold was $465,000. At the end of September, there were 532 properties of all types available for purchase through MLS® in the City of Prince George.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities by supporting the growth which encourages economic vitality, provides housing opportunities and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
September 30, 2018 |
Units |
September 30, 2019 |
Units |
September 30, 2020 |
Units |
|
100 Mile House |
312,713 |
116 |
322,537 |
114 |
343,388 |
134 |
|
Williams Lake |
285,737 |
138 |
296,480 |
133 |
333,199 |
112 |
|
Quesnel |
239,869 |
118 |
277,121 |
117 |
296,344 |
112 |
|
Prince Rupert |
295,302 |
121 |
310,155 |
110 |
340,645 |
118 |
|
Houston |
167,037 |
20 |
186,382 |
31 |
221,199 |
13 |
|
Smithers |
306,983 |
83 |
302,006 |
81 |
363,743 |
75 |
|
Burns Lake |
138,068 |
19 |
167,311 |
27 |
189,971 |
19 |
|
Vanderhoof |
240,758 |
41 |
240,529 |
35 |
232,563 |
41 |
|
Fort St. James |
221,733 |
15 |
257,968 |
19 |
185,645 |
21 |
|
Fort St. John |
367,395 |
236 |
378,671 |
196 |
373,700 |
195 |
|
Fort Nelson |
114,103 |
27 |
139,472 |
9 |
126,867 |
22 |
|
Mackenzie |
177,958 |
31 |
160,807 |
26 |
172,156 |
23 |
|
Prince George |
354,751 |
710 |
369,529 |
720 |
409,082 |
661 |
|
Terrace |
327,950 |
148 |
391,279 |
118 |
394,038 |
114 |
|
Kitimat |
259,504 |
99 |
392,712 |
70 |
343,569 |
79 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern
100 Mile House
Williams Lake
Quesnel
Prince Rupert
Terrace
Kitimat
Smithers
Prince George
Fort St. John
-30-
For more information about local conditions, contact:
Shawna Kinsley, President (Prince George) 250-564-2100
Sandra Hinchliffe, Vice President (Smithers) 250-847-5999
Leah Mayer, Past President (Prince George) 250-564-4488
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release - July 7, 2020
Download the PDF
The BC Northern Real Estate Board (BCNREB) reports 1786 properties sold through the Multiple Listing Service® (MLS®) in the first six months of 2020, down from the 2298 sales reported in the first half of 2019. The value of these properties was $538.6 million compared with $716.5 million in 2019. At the end of June, there were 3489 properties of all types available for purchase through the MLS® of BCNREB, down from 4073 at the same time last year.
BCNREB President Shawna Kinsley comments: The first half of 2020 saw a significant decline in housing demand in the region, with sales in April reaching a low not seen since January 1988. Despite the region's struggling forestry, and mining and oil sectors, the decline in the second quarter was primarily due to the state of emergency declared by the province that implemented physical-distancing measures. This halted real estate activity across the province, which is highly reliant on in-person interactions. Moreover, significant job losses were reported in the services sector in the region, and large projects such as LNG and BC Hydro paused work that was deemed non-essential.
As a result, total MLS® unit sales in the region covered by the BC Northern Real Estate Board fell by 30 per cent in the second quarter year-over-year. Despite the pullback in demand, prices increased by 2 per cent year-over-year due to an 18 per cent year-over-year decline in active listings as potential sellers put off listing their properties. At the end of the second quarter, the MLS® average price was $329,364.
Looking ahead, the British Columbia Real Estate Association (BCREA) expect MLS® sales in the region to continue to be weak for the rest of the year due to the slowdown in economic activity brought on by the global pandemic. BCREA is forecasting that total MLS® unit sales will fall by almost 18 per cent in 2020. Meanwhile, as the BC economy begins to gradually reopen and demand starts to pick up, resale supply will be slow to respond and the pace of new housing is expected to slow as well with housing starts forecast to fall almost 19 per cent in central regions like Prince George. As such, BCREA forecast MLS® average prices to rise by 2.3 per cent in 2020.”
By Region:
Cariboo Region:
100 Mile House: 174 properties worth $46 million have changed hands through the MLS® in the area since January 1st. This compares with 207 properties worth $52.8 million in the same period in 2019. Half of the 56 homes that sold so far this year, sold for $305,000 or less and, on average, it took 104 days for these homes to sell. Also reported sold were 52 parcels of vacant land, 28 homes on acreage, 4 manufactured homes in parks, 12 on land, and 12 recreational properties. At the end of June there were 441 properties of all types available for purchase through the MLS® in the 100 Mile House area.
Williams Lake: 150 properties have sold so far this year, compared to 241 properties by June 30, 2019. The value of these properties is $42.2 million ($63.7 million in 2019). Of the 59 single-family homes sold this year, half sold for less than $314,000 and these homes took, on average, 49 days to sell. In addition, 19 parcels of vacant land, 9 townhouses, 35 homes on acreage, 15 manufactured homes in parks and 6 manufactured homes on land changed hands in the first six months of 2020. At the end of June there were 235 properties of all types available for purchase through the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area, REALTORS® reported 141 sales worth $30.6 million so far this year, compared to 154 sales worth $42.3 million in the first six months of 2019. Of the 53 single-family homes sold between January and June, half sold for less than $285,500; these homes took, on average, 45 days to sell. In addition, 27 parcels of vacant land, 21 homes on acreage, 10 manufactured homes in parks and 17 manufactured homes on land have sold in the first six months of 2020. As of June 30th, there were 198 properties of all types available for purchase through the MLS® in the Quesnel area.
Northwest Region:
Prince Rupert: 89 properties worth $29.9 million have been reported sold through the MLS® in the Prince Rupert area so far this year, compared to 89 properties worth $23.5 million in the first half of 2019. The median price of the 62 single-family homes that sold was $320,000. On average, it took these homes 88 days to sell. As of June 30th, there were 101 properties of all types available for purchase through the MLS® in the area.
Terrace: REALTORS® in the Terrace area sold 105 properties worth $34.1 million in the first six months of 2020, compared to 134 properties worth $45.6 million in the same period last year. Half of the 55 single-family homes that sold, sold for less than $370,000. On average, it took these homes 58 days to sell. In addition, 10 parcels of vacant land, 1 half-duplex, and 14 homes on acreage changed hands in the first 6 months of the year. At the end of June there were 253 properties of all types available for purchase through the MLS® in the Terrace area.
Kitimat: 48 properties worth $15 million have sold through the MLS® in the Kitimat area in the first six months of 2020, compared to 71 properties worth $37.7 million at this time last year. Half of the 31 single-family homes sold so far this year sold for less than $325,000 and, on average, it took these homes 89 days to sell. At the end of June there were 140 properties of all types available for purchase through the MLS® in the Kitimat area.
Bulkley Nechako Region:
Houston: 14 properties worth $2.5 million have changed hands so far this year, compared to 28 properties worth $5.2 million in 2019. As of June 30th, there were 34 properties of all types available through the MLS® in the Houston area.
Smithers: REALTORS® in the Smithers area reported 90 sales with a value of $28.1 million in the first six months of 2020, compared to 113 sales worth $35.3 million at this time last year. Half of the 39 single-family homes sold so far this year sold for less than $311,000 and took, on average, 66 days to sell. 10 parcels of vacant land and 17 homes on acreage also changed hands since January 1st. As of June 30th, there were 112 properties of all types available through MLS® in the Smithers area.
Burns Lake: In the first six months of 2020, 17 properties worth $2.7 million were reported sold through the MLS® in the Burns Lake area, compared to 37 properties worth $5.6 million in the same time-period last year. At the end of June there were 81 properties of all types available for purchase through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 56 sales worth $13 million in the first six months of the year, compared to 61 sales worth $19 million to June 30, 2019. As of June 30th, there were 103 properties of all types available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: 27 properties worth $5.3 million have sold through the MLS® in the Fort St. James area so far this year, compared with 26 properties worth $4.6 million in the first six months of 2019. At the end of June there were 50 properties of all types available for purchase through the MLS® in the Fort St. James area.
Northern Region:
Fort St. John: REALTORS® assisted in the sale of 188 properties worth $63.6 million in the first half of 2020, compared to 258 properties worth $85.4 million in the first six months of 2019. The 90 single-family homes which sold so far this year had a median selling price of $353,000 and it took, on average, 83 days for these homes to sell. In addition, 9 parcels of vacant land, 25 half-duplexes, 21 homes on acreage, 14 manufactured homes in parks and 8 manufactured homes on land changed hands so far this year. As of June 30th, there were 669 properties of all types available for purchase through the MLS® in the Fort St. John area.
Fort Nelson: 35 properties worth $4.3 million have sold since January 1st, compared to 16 properties worth $1.3 million in the same period last year. Half of the 15 single-family homes sold since January sold for less than $97,000. These homes took, on average, 199 days to sell. At the end of June, there were 98 properties of all types available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region:
Mackenzie: In the first six months of 2020, 18 properties worth $2.9 million were reported sold through the MLS® in the Mackenzie area, compared to 23 properties worth $3.4 million to June 30, 2019. Half of the 12 single-family homes sold so far this year sold for less than $150,000 and took, on average, 154 days to sell. As of June 30th, there were 76 properties of all types available for purchase through the MLS® in the Mackenzie area.
Prince George: In the City of Prince George, 520 properties worth $180.2 million have changed hands so far this year, compared with 697 properties worth $245.7 million in the first six months of last year. In the western part of the City, the median price of the 84 single-family homes that have sold through MLS® was $353,000. In the area east of the bypass, the 67 single-family homes that sold had a median price of $286,000. In the northern part of the City 71 single-family homes sold with a median price of $385,000. The 99 single-family homes that sold in the southwest section of the City had a median sale price of $450,000. At the end of June there were 614 properties of all types available for purchase through the MLS® in the City of Prince George.
The 380 REALTOR® members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth that encourages economic vitality, provides housing opportunities, respects the environment, protects property-owners and builds communities with good schools and safe neighbourhoods. The 380 REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
June 30, 2018 |
Units |
June 30, 2019 |
Units |
June 30, 2020 |
Units |
|
100 Mile House |
283,373 |
69 |
318,924 |
61 |
332,780 |
56 |
|
Williams Lake |
286,048 |
90 |
306,249 |
77 |
318,783 |
59 |
|
Quesnel |
241,495 |
70 |
281,055 |
58 |
287,791 |
53 |
|
Prince Rupert |
301,167 |
87 |
285,817 |
65 |
331,020 |
62 |
|
Houston |
175,977 |
11 |
179,945 |
20 |
197,482 |
9 |
|
Smithers |
314,954 |
50 |
294,783 |
53 |
318,243 |
39 |
|
Burns Lake |
140,471 |
7 |
134,069 |
13 |
197,500 |
4 |
|
Vanderhoof |
235,722 |
23 |
225,907 |
19 |
220,325 |
20 |
|
Fort St. James |
219,636 |
11 |
239,550 |
10 |
197,266 |
12 |
|
Fort St. John |
364,635 |
151 |
382,401 |
129 |
369,723 |
90 |
|
Fort Nelson |
113,690 |
20 |
137,150 |
5 |
102,005 |
15 |
|
Mackenzie |
181,378 |
23 |
183,031 |
16 |
162,590 |
12 |
|
Prince George |
356,478 |
453 |
366,073 |
449 |
389,985 |
322 |
|
Terrace |
321,985 |
99 |
386,494 |
76 |
370,891 |
55 |
|
Kitimat |
256,576 |
71 |
392,128 |
42 |
342,452 |
31 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mike House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
-30-
For more information about local conditions, contact:
Shawna Kinsley, President (Prince George) 250-564-2100
Sandra Hinchliffe, Vice President (Smithers) 250-847-5999
Leah Mayer, Past President (Prince George) 250-564-4488
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release - April 3, 2020
Download the PDF
The BC Northern Real Estate Board (BCNREB) reported 753 sales with a value of $217,389,724 through the Multiple Listing Service® (MLS®) in the first quarter of 2020. This compares with 876 sales worth $257,043,507 to the end of March 2019. As of March 31st, there were 3096 properties of all types available for purchase through the MLS® compared to 3130 at this time last year.
The first quarter of 2020 saw a persistent pullback in housing demand, as the BC forestry, mining and oil sectors continued to struggle. This led to MLS® unit sales in the region covered by the BC Northern Real Estate Board to fall by 13 per cent compared to the same time last year. Despite the pullback in demand, prices increased by 1 per cent due to a notable decline in active listings. At the end of the first quarter, the MLS® average price was $298,811 in the region. We expect MLS® sales to continue to decline in the second quarter of 2020 due to the economic standstill brought on by COVID-19, which will likely also lead to significant investment projects such as LNG and BC Hydro to scale back.
“The COVID-19 pandemic continues to cause significant challenges to everyone in our society,” says BC Northern Real Estate Board’s new President, Shawna Kinsley. “Our members are committed to doing their part to ensure communities stay safe. Real estate is an essential service. REALTORS® are following all orders and guidance from the Public Health Authority. The Real Estate Board has recommended that no Open Houses be held during this time. REALTORS® are also modifying their practices around face-to-face meetings and showings. Sellers may now remain on the MLS® system without the need for showings and all consumers can expect more phone or virtual meetings as well as limits on showings and new showing guidelines. We ask consumers to be patient with real estate practice changes at this time. REALTORS® remain committed to serving their clients and safeguarding their communities.”
By Region:
(2019 values appear in brackets)
Cariboo Region
100 Mile House and area: A total of 66 (68) properties of all types worth $14.8 million ($16.6 million) have been sold by REALTORS® in the area since the beginning of the year. In the first three months of 2020, 17 single-family homes, 24 parcels of vacant land and 9 homes on acreage changed hands. At the end of the quarter there were 373 (375) properties available for purchase through the MLS®.
Williams Lake: 58 (91) properties have sold so far this year through MLS® in the Williams Lake area. The value of these properties was $ 15.4 million ($21.4). In addition to the 29 single-family homes sold, 9 homes on acreage, 6 manufactured homes in parks, and 1 manufactured home on land have changed hands in the first quarter. As of March 31st, there were 190 (207) properties listed on the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area REALTORS® reported 47 (55) sales worth $8.5 million ($11.7 million) in the first three months of 2020. In addition to the 16 single-family homes that sold, 9 parcels of vacant land and 7 homes on acreage have sold this year. There were 161 (147) properties of all types available for purchase through MLS® in the Quesnel area as of March 31st.
Northwest Region
Prince Rupert: 47 (34) properties worth $15.4 million ($8.8 million) have sold through the MLS® so far this year. Of those 47 properties sold, 29 were single-family residential properties and 6 were parcels of vacant land. As of March 31st, there were 104 (169) properties of all types available for purchase through the MLS® in the Prince Rupert area.
Terrace: REALTORS® in the Terrace area sold 58 (53) properties in the first quarter of 2020. The value of these properties was $18.9 million ($16.9 million). 29 single-family homes, 5 manufactured homes in parks, and 2 manufactured homes on land have changed hands since January 1st. As of March 31st, there were 222 (192) properties of all types available for sale in the Terrace area.
Kitimat: In the first quarter of 2020, 18 (19) properties worth $6.2 million ($6.7 million) have been reported sold. Of those 18 properties, 11 were single-family homes, 3 were half-duplexes and 2 were townhouses. At the end of March there were 113 (124) properties of all types available for sale through MLS® in the Kitimat area.
Bulkley Nechako Region
Smithers: REALTORS® in the Smithers area reported 43 (44) sales with a value of $12 million ($12.6 million) to March 31st, 2020. In addition to the 23 single-family homes that sold, 4 parcels of vacant land, 6 homes on acreage, and 5 manufactured homes in parks changed hands this year. At the end of the first quarter there were 122 (120) properties of all types available for purchase through the MLS® in the Smithers area.
Burns Lake: 4 (16) properties worth $456 thousand ($2.3 million) have changed hands since January 1st. At the end of March there were 80 (87) properties of all types available for sale through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 19 (30) sales worth $4.4 million ($12.2 million) in the first quarter of 2020. At the end of March there were 89 (80) properties available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: In the first quarter of 2020 there were 11 (9) sales worth $2.1 million ($1.9 million) in the Fort St. James area. As of March 31st, there were 54 (61) properties available on the MLS® in the area.
Northern Region
Fort St. John: In the Fort St. John area, 90 (111) properties worth $28.3 million ($35.5 million) changed hands in the first quarter of 2020. In addition to the 41 single-family homes sold, 11 half-duplexes, 9 homes on acreage, 7 manufactured homes in parks and 3 manufactured homes on land have sold since January 1st. At the end of March there were 644 (597) properties of all types available for purchase through the MLS® in the Fort St. John region.
Fort Nelson: 11 (11) properties worth $1.6 million ($919 thousand) were reported sold through the MLS® since the beginning of the year. At the end of March there were 124 (95) properties available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region
Mackenzie: Since January 1st 10 (12) properties worth $1.5 million ($1.4 million) have changed hands. As of March 31st, there were 56 (63) properties available for purchase through the MLS® in the Mackenzie area.
City of Prince George: 221 (257) properties of all types, worth $73.3 million ($90 million), have changed hands in the first 3 months of 2020 in the City of Prince George. In the western part of the City, the median price of the 34 single-family homes that have sold on MLS® was $346,000 ($327,500). In the area east of the by-pass, the 29 single-family homes that sold had a median value of $272,500 ($309,000). In the northern part of the city, commonly referred to as “the Hart”, 29 single-family homes sold with a median price of $401,250 ($370,000). In the southwestern section of the city, 37 homes have sold since January with a median price of $453,500 ($429,500). At the end of March there were 509(534) properties of all types available on the MLS® within the city limits.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth which encourages economic vitality, provides housing opportunities, and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south, and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
March 31, 2018 |
Units |
March 31, 2019 |
Units |
March 31, 2020 |
Units |
|
100 Mile House |
201,212 |
21 |
302,768 |
22 |
258,288 |
17 |
|
Williams Lake |
245,070 |
29 |
327,185 |
28 |
289,834 |
29 |
|
Quesnel |
239,077 |
18 |
275,601 |
20 |
228,687 |
16 |
|
Prince Rupert |
303,515 |
32 |
278,040 |
22 |
302,818 |
29 |
|
Smithers |
307,193 |
15 |
274,389 |
19 |
261,326 |
23 |
|
Fort St. John |
340,968 |
55 |
366,136 |
54 |
376,976 |
41 |
|
Prince George |
355,639 |
171 |
354,860 |
154 |
383,643 |
129 |
|
Terrace |
284,393 |
29 |
376,626 |
26 |
346,886 |
29 |
|
Kitimat |
256,333 |
21 |
358,950 |
12 |
356,853 |
11 |
Note: Any area with fewer than 10 residential-detached house sales in the past 3 years has been omitted from this chart.
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern
100 Mile House
Williams Lake
Quesnel
Prince Rupert
Terrace
Kitimat
Smithers
Prince George
Fort St. John
-30-
For more information about local conditions, contact:
Shawna Kinsley, President (Prince George) 250-564-2100
Sandra Hinchliffe, Vice President (Smithers) 250-847-5999
Leah Mayer, Past President (Prince George) 250-564-4488
Breanne Cote, Director (Prince George) 250-564-4488
Kristine Newell, Director (Prince George) 250-563-1000
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Sheila Love, Director (Terrace) 250-638-1400
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release - March 20, 2020
Download the PDF
Due to concerns over COVID-19 exposure and spread, the BC Northern Real Estate Board has strongly recommended that members suspend all Open Houses. “The Board supports the health authorities’ call for social distancing and other measures aimed at protecting communities during the COVID-19 pandemic”, notes President Leah Mayer. “I know that our members have already made changes in their practice to protect their clients and others. Most members stopped holding Open Houses before our recommendation and are actively ensuring additional protective measures during showings. Many members are expanding virtual tours or presentations. If you are a buyer or seller, please speak to your REALTOR® about COVID-19 preparedness.”
The BC Northern Real Estate Board recently changed its rules to allow listings to be designated “no showings” while remaining on the MLS® system. Buyers and sellers are reminded that they should not view or show properties if they, or anyone they live with, are unwell or have recently travelled out of the country.
About the Board
The BC Northern Real Estate Board (BC Northern) is a REALTOR® association of 390 members that serves the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
News Release -January 13, 2020
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The REALTOR® members of the BC Northern Real Estate Board (BCNREB) reported 4748 property sales worth $1.5 billion in 2019 through the Multiple Listing Service® (MLS®), down from last year’s 5125 sales worth $1.5 billion.
A struggling BC forestry sector and an uncertain environment for global trade held back housing demand in the second half of 2019, ultimately leading to MLS® unit sales in the region covered by the BC Northern Real Estate Board to fall by 6.1 per cent compared to last year. However, due to a low supply of homes for sale, most northern markets saw upward pressure on home prices. Across the BC Northern board area, the MLS® average price rose by 5.1 per cent, averaging $310,548. While 2019 was a down year for sales, momentum is building in the northern economy from LNG and BC Hydro investments that should translate to a pick-up in housing activity in 2020.
By Region
Cariboo Region
100 Mile House: 447 properties worth $118.1 million sold this year through MLS®, compared with 538 properties worth $134.4 million in 2018. The 143 single-family homes that sold in 2019 had a median value (half sold for less) of $310,000. In addition, 101 parcels of vacant land, 114 homes on acreage, 36 manufactured homes on land, 18 manufactured homes in parks, and 19 recreational properties changed hands in 2019. At the end of December, there were 324 properties of all types available for sale through MLS® in the 100 Mile House area, up from the 283 properties at the end of 2018.
Williams Lake: 472 sales worth $126.2 million were reported through MLS® in 2019, down from 495 sales worth $118.4 million the previous year. Half of the 158 single-family homes sold in 2019 sold for less than $280,000. 53 parcels of vacant land, 105 homes on acreage, 24 townhouses, 34 manufactured homes in parks and 48 manufactured homes on land were also sold in 2019. At the end of December, there were 171 properties of all types available through MLS® in the Williams Lake area, down from the 225 properties at the same time last year.
Quesnel: 351 properties changed hands in 2019 through MLS®, up slightly from 349 that were sold in 2018. The value of these properties was $83 million ($78 million in 2018). The median value of the 152 single-family homes sold in 2019 was $265,000. In addition, 41 parcels of vacant land, 79 homes on acreage, 19 manufactured homes in parks and a further 29 on land were reported sold in 2019. At year-end, there were 145 properties of all types available for purchase through MLS® in the Quesnel area, up from 124 properties at the end of 2018.
Northwest Region
Prince Rupert: 201 properties worth $59 million changed hands in 2019 compared with 195 properties worth $53.5 million in 2018. Half of the 153 single-family homes sold in 2019 sold for less than $284,250. In addition, 8 parcels of vacant land, 6 townhouses and 8 half-duplexes sold in 2019. At year-end, there were 108 properties of all types available through MLS® in the Prince Rupert area, down from the 124 properties at the same time last year.
Terrace: 282 properties sold in 2019 were worth $95.4 million compared with 2018’s 380 properties worth $117.8 million. Of the 155 single-family homes that changed hands, half sold for less than $387,500. In addition, 24 parcels of vacant land, 25 homes on acreage, 26 manufactured homes in parks and a further 9 on land sold in 2019. As of December 31st, there were 192 properties of all types available through MLS® in the Terrace area, up from the 151 properties available at December 31st, 2018.
Kitimat: 144 properties worth $63.7 million changed hands in 2019 compared to the 243 properties worth $74.3 million that sold in 2018. The median value of the 100 single-family homes sold in 2019 was $365,000. In addition, 17 half-duplexes and 6 townhouses were sold. At year-end, there were 106 properties of all types available in the Kitimat area, compared with 110 at December 31st, 2018.
Bulkley Nechako Region
Houston: 52 properties worth $10.5 million changed hands in 2019, compared to the 42 properties worth $7.8 million that sold in 2018. The median value of the 36 single-family homes sold was $167,750. As of December 31st, there were 16 properties of all types available in the Houston area.
Smithers: REALTORS® reported 222 sales worth $67 million in 2019, compared to 270 sales worth $82.6 million in 2018. The median value of the 93 single-family homes that sold in 2019, was $289,000. 36 parcels of vacant land, 49 homes on acreage, 15 manufactured homes in parks and a further 8 on land also changed hands in 2019. At year-end, there were 123 properties of all types available in the Smithers area, compared with 129 at December 31st, 2018.
Burns Lake: 84 properties with a value of $13.9 million sold in 2019 compared with 81 worth $12.5 million in 2018. Half of the 35 single-family homes that sold, sold for less than $155,000. 15 parcels of vacant land, 19 homes on acreage and 9 manufactured homes on land also changed hands in 2019. As of December 31st, there were 78 properties of all types available through MLS® in the Burns Lake area, down from 87 at the end of 2018.
Vanderhoof: 120 properties sold in 2019 were worth $31.3 million, compared with 2018’s 121 properties worth $25.2 million. Of the 48 single-family homes that sold in 2019, half sold for less than $229,000. In addition, 19 parcels of vacant land, 28 homes on acreage, 4 manufactured homes in parks and a further 10 manufactured homes on land changed hands in 2019. As of December 31st, there were 81 properties of all types available through MLS® in the Vanderhoof area, compared with 61 properties a year ago.
In Fort St. James 61 properties worth $9.9 million sold in 2019, compared to 48 properties worth $9.7 million in 2018. At year-end, there were 63 properties of all types available through MLS® in the Fort St. James area, compared to 59 at the same time last year.
Northern Region
Fort St. John: 501 properties with a value of $179.3 million sold in 2019, down from 524 properties worth $203.9 million that sold in 2018. Of the 245 single-family homes sold in 2019, half sold for less than $355,000. In addition, 25 parcels of vacant land, 47 half-duplexes, 48 homes on acreage, 20 manufactured homes in parks and a further 70 on land sold in 2019. At the end of December, there were 566 properties of all types available through MLS® in the Fort St. John area, up from the 544 properties at the end of 2018.
Fort Nelson: 48 properties sold through MLS® in 2019 were worth $5.5 million, down from 2018’s 80 properties worth $8.5 million. Half of the 17 single-family homes sold in 2019, sold for less than $102,800. There were 4 homes on acreage and 2 townhouses also sold in 2019. As of December 31st, there were 101 properties of all types available through MLS® in the Fort Nelson area, down from the 102 properties on December 31st, 2018.
Fraser Fort George Region
Mackenzie: 45 properties worth $7 million were reported sold in 2019, compared with 2018’s 58 properties worth $9.1 million. The median value of the 34 single-family homes that sold in 2019 was $142,000. At year-end, there were 86 properties of all types available through MLS® in the Mackenzie area, up from the 58 properties at the same time in 2018.
Prince George: 1417 properties worth $491.7 million sold in 2019, compared with 1400 properties worth $444.9 million in 2018. At year-end, there were 429 properties of all types available through MLS® compared to 462 properties at the end of 2018.
In the area west of the by-pass, half of the 260 single-family homes sold in 2019, sold for less than $335,000. As well, 35 apartment units and 45 townhouses changed hands in 2019. As of December 31st, there were 22 single-family homes available through MLS® in this area of the City, compared to 26 at the same time last year.
East of the by-pass 31 apartment units, 24 half-duplexes, and 21 townhouses sold in 2019. The 176 single-family homes sold had a median value of $280,000. At the end of December there were 24 single-family homes available for sale through MLS® in this area compared with 29 at the end of 2018.
In the northern part of the city, 31 homes on acreage, 16 manufactured homes in parks and a further 36 manufactured homes on land sold in 2019. Of the 209 single-family homes sold, half sold for less than $377,500. As of December 31st, there were 39 single-family homes available through MLS® in this area of the City compared with 37 at the end of 2018.
In the southwest sector 16 half-duplexes, 20 townhouses, 25 homes on acreage, 11 manufactured homes in parks and a further 8 manufactured homes on land sold in 2019. Half of the 270 single-family homes sold in 2019 sold for less than $429,900. At year-end, there were 36 single-family homes available for sale through MLS® in the southwest sector, compared with the 54 at the end of 2018.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports the growth which encourages economic vitality, provides housing opportunities and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Single-family Residential
BC Northern Real Estate Board
|
Community |
December 31, 2017 |
Units |
December 31, 2018 |
Units |
December 31, 2019 |
Units |
|
100 Mile House |
286,708 |
153 |
301,391 |
150 |
323,579 |
143 |
|
Williams Lake |
265,668 |
195 |
291,351 |
167 |
287,916 |
158 |
|
Quesnel |
207,572 |
152 |
237,718 |
146 |
267,108 |
152 |
|
Prince Rupert |
277,611 |
156 |
294,872 |
149 |
299,895 |
153 |
|
Houston |
183,306 |
29 |
174,067 |
32 |
187,852 |
36 |
|
Smithers |
272,974 |
120 |
296,499 |
116 |
302,535 |
93 |
|
Burns Lake |
142,723 |
44 |
163,238 |
26 |
168,982 |
35 |
|
Vanderhoof |
206,113 |
49 |
238,196 |
55 |
231,571 |
48 |
|
Fort St. James |
208,879 |
29 |
219,052 |
19 |
234,929 |
24 |
|
Fort St. John |
391,003 |
218 |
366,129 |
290 |
375,775 |
245 |
|
Fort Nelson |
159,817 |
23 |
115,913 |
30 |
119,797 |
17 |
|
Mackenzie |
168,196 |
58 |
183,268 |
38 |
157,600 |
34 |
|
Prince George |
319,167 |
1020 |
350,713 |
917 |
371,443 |
922 |
|
Terrace |
308,531 |
148 |
346,500 |
205 |
398,553 |
155 |
|
Kitimat |
222,602 |
83 |
298,200 |
168 |
373,146 |
100 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
-30-
For more information about local conditions, contact:
Leah Mayer, President (Prince George) 250-564-4488
Shawna Kinsley, Vice President (Prince George) 250-564-4488
Court Smith, Past President (Williams Lake) 250-392-2253
Sandra Hinchliffe, Director (Smithers) 250-847-5999
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -July 5, 2019
Download PDF
The BC Northern Real Estate Board (BCNREB) reports 2298 properties sold through the Multiple Listing Service® (MLS®) in the first six months of 2019, down from the 2488 sales reported in the first half of 2018. The value of these properties was $716.5 million compared with $680.2 million in 2018. At the end of June, there were 4073 properties of all types available for purchase through the MLS® of BCNREB, up from 3859 at the same time last year.
BCNREB President Leah Mayer comments: “Many of the communities in our Board region saw a decrease in number of sales and number of listings. Overall the sales activity has decreased by 7.64%, and the number of active listings has increased by 5.55%.”
In the Northern Region of the Board, Fort St. John’s number of sales increased (243 sales in 2018 and 258 sales in 2019). There was a decrease in active listings (from 748 in 2018 to 687 in 2019). In Fort Nelson, the number of sales has decreased by 68% (from 50 in 2018 to 16 in 2019).
In the West, Prince Rupert’s sales decreased (from 113 in 2018 to 89 in 2019), and the number of listings also decreased (from 239 in 2018 to 220 in 2019). Terrace saw a decrease in sales (from 173 in 2018 to 134 in 2019), and an increase in number of active listings (from 228 in 2018 to 262 in 2019). Kitimat had a decrease in sales (from 95 in 2018 to 71 in 2019). The number of active listings increased by 166.6% (from 57 in 2018 to 152 in 2019). The Terrace and Kitimat markets are volatile, and prices have elevated. Smithers had a decrease in sales (from 125 in 2018 to 113 in 2019), listings (from 189 in 2018 to 161 in 2019), and number of active listings (from 159 in 2018 to 133 in 2019). The average price for a single-family dwelling has decreased (from $314,954 in 2018 to $294,783 in 2019).
In the South, Williams Lake had a slight increase in sales (from 237 in 2018 to 241 in 2019), and a decrease in number of active listings (from 348 in 2018 to 288 in 2019). In 100 Mile House, there was a decrease in sales (from 271 in 2018 to 207 in 2019) and an increase in active listings (from 494 in 2018 to 568 in 2019). Anecdotal reports suggest that the market in 100 Mile House will not be affected by mill closures because many of the buyers are coming from the coastal areas of British Columbia. In Quesnel, the number of sales decreased (from 164 in 2018 to 154 in 2019); the number of listings increased (from 301 in 2018 to 351 in 2019), and the number of active listings increased (from 199 in 2018 to 246 in 2019).
In Prince George, there was an increase in sales (from 691 in 2018 to 697 in 2019), listings (from 1096 in 2018 to 1142 in 2019), and number of active listings (from 579 in 2018 to 658 in 2019). The average price for a single-family dwelling has increased (from $356,478 in 2018 to $366,073 in 2019).
By Region:
Cariboo Region:
100 Mile House: 207 properties worth $52.8 million have changed hands through the MLS® in the area since January 1st. This compares with 271 properties worth $63.1 million in the same period in 2018. Half of the 61 homes that sold so far this year, sold for $315,000 or less and, on average, it took 60 days for these homes to sell. Also reported sold were 57 parcels of vacant land, 54 homes on acreage, 7 manufactured homes in Parks, 13 on land, and 10 recreational properties. At the end of June there were 568 properties of all types available for purchase through the MLS® in the 100 Mile House area.
Williams Lake: 241 properties have sold so far this year, compared to 237 properties by June 30, 2018. The value of these properties is $63.7 million ($58.2 million in 2018). Of the 77 single-family homes sold this year, half sold for less than $297,500 and these homes took, on average, 43 days to sell. In addition, 37 parcels of vacant land, 18 townhouses, 44 homes on acreage, 15 manufactured homes in Parks and 26 manufactured homes on land changed hands in the first six months of 2019. At the end of June there were 288 properties of all types available for purchase through the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area, REALTORS® reported 154 sales worth $42.3 million so far this year, compared to 164 sales worth $36.7 million in the first six months of 2018. Of the 58 single-family homes sold between January and June, half sold for less than $291,000; these homes took, on average, 38 days to sell. In addition, 23 parcels of vacant land, 36 homes on acreage, 8 manufactured homes in Parks and 12 manufactured homes on land have sold in the first six months of 2019. As of June 30th, there were 246 properties of all types available for purchase through the MLS® in the Quesnel area.
Northwest Region:
Prince Rupert: 89 properties worth $23.5 million have been reported sold through the MLS® in the Prince Rupert area so far this year, compared to 113 properties worth $31.2 million in the first half of 2018. The median price of the 65 single-family homes that sold was $263,500. On average, it took these homes 124 days to sell. As of June 30th, there were 189 properties of all types available for purchase through the MLS® in the area.
Terrace: REALTORS® in the Terrace area sold 134 properties worth $45.6 million in the first six months of 2019, compared to 173 properties worth $49.6 million in the same period last year. Half of the 76 single-family homes that sold, sold for less than $386,500. On average, it took these homes 39 days to sell. In addition, 12 parcels of vacant land, 7 half-duplexes, and 11 homes on acreage changed hands in the first 6 months of the year. At the end of June there were 262 properties of all types available for purchase through the MLS® in the Terrace area.
Kitimat: 71 properties worth $37.7 million have sold through the MLS® in the Kitimat area in the first six months of 2019, compared to 95 properties worth $22.7 million at this time last year. Half of the 42 single-family homes sold so far this year sold for less than $390,000 and, on average, it took these homes 75 days to sell. At the end of June there were 152 properties of all types available for purchase through the MLS® in the Kitimat area.
Bulkley Nechako Region:
Houston: 28 properties worth $5.2 million have changed hands so far this year, compared to 14 properties worth $3 million in 2018. As of June 30th, there were 32 properties of all types available through the MLS® in the Houston area.
Smithers: REALTORS® in the Smithers area reported 113 sales with a value of $35.3 million in the first six months of 2019, compared to 125 sales worth $37 million at this time last year. Half of the 53 single-family homes sold so far this year sold for less than $265,000 and took, on average, 42 days to sell. 12 parcels of vacant land and 26 homes on acreage also changed hands since January 1st. As of June 30th, there were 133 properties of all types available through MLS® in the Smithers area.
Burns Lake: In the first six months of 2019, 37 properties worth $5.6 million were reported sold through the MLS® in the Burns Lake area, compared to 39 properties worth $5.3 million in the same time-period last year. At the end of June there were 101 properties of all types available for purchase through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 61 sales worth $19 million in the first six months of the year, compared to 57 sales worth $11.1 million to June 30, 2018. As of June 30th, there were 128 properties of all types available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: 26 properties worth $4.6 million have sold through the MLS® in the Fort St. James area so far this year, compared with 29 properties worth $6.2 million in the first six months of 2018. At the end of June there were 86 properties of all types available for purchase through the MLS® in the Fort St. James area.
Northern Region:
Fort St. John: REALTORS® assisted in the sale of 258 properties worth $85.4 million in the first half of 2019, compared to 243 properties worth $90.1 million in the first six months of 2018. The 129 single-family homes which sold so far this year had a median selling price of $365,000 and it took, on average, 67 days for these homes to sell. In addition, 9 parcels of vacant land, 18 half-duplexes, 30 homes on acreage, 14 manufactured homes in Parks and 35 manufactured homes on land changed hands so far this year. As of June 30th, there were 687 properties of all types available for purchase through the MLS® in the Fort St. John area.
Fort Nelson: 16 properties worth $1.3 million have sold since January 1st, compared to 50 properties worth $5.1 million in the same period last year. Half of the 5 single-family homes sold since January sold for less than $118,750. These homes took, on average, 83 days to sell. At the end of June, there were 122 properties of all types available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region:
Mackenzie: In the first six months of 2019, 23 properties worth $3.4 million were reported sold through the MLS® in the Mackenzie area, compared to 36 properties worth $5.7 million to June 30, 2018. Half of the 16 single-family homes sold so far this year sold for less than $181,000 and took, on average, 136 days to sell. As of June 30th, there were 90 properties of all types available for purchase through the MLS® in the Mackenzie area.
Prince George: In the City of Prince George, 697 properties worth $245.7 million have changed hands so far this year, compared with 691 properties worth $216 million in the first six months of last year. In the western part of the City, the median price of the 124 single-family homes that have sold through MLS® was $333,000. In the area east of the Bypass, the 101 single-family homes that sold had a median price of $280,000. In the northern part of the City 84 single-family homes sold with a median price of $377,500. The 136 single-family homes that sold in the southwest section of the City had a median sale price of $429,900. At the end of June there were 658 properties of all types available for purchase through the MLS® in the City of Prince George.
The 390 REALTOR® members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth that encourages economic vitality, provides housing opportunities, respects the environment, protects property owners and builds communities with good schools and safe neighbourhoods. The 390 REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
June 30, 2017 |
Units |
June 30, 2018 |
Units |
June 30, 2019 |
Units |
|
100 Mile House |
288,455 |
87 |
283,373 |
69 |
318,924 |
61 |
|
Williams Lake |
267,837 |
113 |
286,048 |
90 |
306,249 |
77 |
|
Quesnel |
193,973 |
77 |
241,495 |
70 |
281,055 |
58 |
|
Prince Rupert |
281,766 |
89 |
301,167 |
87 |
285,817 |
65 |
|
Houston |
155,857 |
14 |
175,977 |
11 |
179,945 |
20 |
|
Smithers |
270,807 |
68 |
314,954 |
50 |
294,783 |
53 |
|
Burns Lake |
127,701 |
16 |
140,471 |
7 |
134,069 |
13 |
|
Vanderhoof |
209,110 |
24 |
235,722 |
23 |
225,907 |
19 |
|
Fort St. James |
192,800 |
15 |
219,636 |
11 |
239,550 |
10 |
|
Fort St. John |
405,044 |
114 |
364,635 |
151 |
382,401 |
129 |
|
Fort Nelson |
163,384 |
13 |
113,690 |
20 |
137,150 |
5 |
|
Mackenzie |
167,838 |
26 |
181,378 |
23 |
183,031 |
16 |
|
Prince George |
317,856 |
515 |
356,478 |
453 |
366,073 |
449 |
|
Terrace |
311,850 |
72 |
321,985 |
99 |
386,494 |
76 |
|
Kitimat |
241,846 |
24 |
256,576 |
71 |
392,128 |
42 |
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Kitimat:
Smithers:
Prince George:
Fort St. John:
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For more information about local conditions, contact:
Leah Mayer, President (Prince George) 250-564-4488
Shawna Kinsley, Vice President (Prince George) 250-564-4488
Court Smith, Past President (Williams Lake) 250-392-2253
Sandra Hinchliffe, Director (Smithers) 250-847-5999
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -April 16, 2019
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BC Northern Real Estate Board of Directors 2019-2020
Prince George, BC - The BC Northern Real Estate Board (BCNREB) is pleased to announce that Leah Mayer was elected as its 2019-2020 President at its annual meeting on April 5, 2019.
President Leah Mayer comments “I am honoured to serve as the President of the BC Northern Real Estate Board for 2019-2020. Our profession saw big changes to the rules and the way we conduct business. The Board of Directors have worked hard on behalf of the REALTORS® to help with the transition to the new rules and will continue to advocate and provide support in this coming year. I look forward to working with and learning from these amazing Directors at the Board table.”
Shawna Kinsley, Royal LePage Prince George was installed as Vice-President, and Court Smith, RE/MAX Williams Lake Realty is now Past President.
Returning Directors include David Jurek (100 Mile House), Nicole Gilliss (Fort St. John), Sandra Hinchliffe (Smithers), Wynnette Lowes (Fort St. John), Public Directors Christine Buemann (Prince George) and Dean Simpson (Prince George),
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For more information about local conditions, contact:
Leah Mayer, President (Prince George) 250-564-4488
Shawna Kinsley, Vice President (Prince George) 250-564-4488
Court Smith, Past President (Williams Lake) 250-392-2253
Sandra Hinchliffe, Director (Smithers) 250-847-5999
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741
News Release -April 15, 2019
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The BC Northern Real Estate Board (BCNREB) reported 876 sales with a value of $257,043,507 through the Multiple Listing Service® (MLS®) in the first quarter of 2019. This compares with 914 sales worth $237,655,394 to the end of March 2018. As of March 31st, there were 3130 properties of all types available for purchase through the MLS® compared to 3143 at this time last year.
President Leah Mayer comments, “Overall, many markets in the Board region saw a slight decrease in sales. 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.”
In the Northern Region of the Board, in Fort St. John, the number of sales slightly increased and the number of active listings decreased. The number of manufactured homes on land sold increased when compared to 2018. In Fort Nelson, there was a decrease in sales 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 the West, Prince Rupert’s sales, listings, and active listings decreased. In Terrace, the number of sales dropped 3 sales and the number of listings increased. There was a slight decreased in the number of active listings. In Kitimat, the number of sales also decreased. There was an increase in number of listings and number of active listings. Smithers had an increase in sales and a decrease in number of listings and number of active listings.
In the South, Williams Lake, the number of sales dropped by 3 sales. There was also a decrease in number of listings and number of active listings. In Quesnel, there was a slight increase in sales, listings, and active listings when compared to 2018. In 100 Mile House, there was a decrease in sales and an increase in listings and active listings.
In Prince George, there was a slight decrease in sales and listings, and an increase in number of active listings.
By Region:
(2018 values appear in brackets)
Cariboo Region
100 Mile House and area: A total of 68 (80) properties of all types worth $16.6 million ($15.8 million) have been sold by REALTORS® in the area since the beginning of the year. In the first three months of 2019, 22 single-family homes, 21 parcels of vacant land and 16 homes on acreage changed hands. At the end of the quarter there were 375 (325) properties available for purchase through the MLS®.
Williams Lake: 91 (94) properties have sold so far this year through MLS® in the Williams Lake area. The value of these properties was $ 21.4 million ($19.9). In addition to the 28 single-family homes sold, 10 homes on acreage, 8 manufactured homes in parks and 11 manufactured homes on land have changed hands in the first quarter. As of March 31st, there were 207 (238) properties listed on the MLS® in the Williams Lake area.
Quesnel: In the Quesnel area REALTORS® reported 55 (50) sales worth $11.7 million ($11 million) in the first three months of 2019. In addition to the 20 single-family homes that sold, 8 parcels of vacant land, and 10 homes on acreage have sold this year. There were 147 (135) properties of all types available for purchase through MLS® in the Quesnel area as of March 31st.
Northwest Region
Prince Rupert: 34 (48) properties worth $8.8 million ($13 million) have sold through the MLS® so far this year. Of those 34 properties sold, 22 were single-family residential properties and 2 were parcels of vacant land. As of March 31st, there were 169 (185) properties of all types available for purchase through the MLS® in the Prince Rupert area.
Terrace: REALTORS® in the Terrace area sold 53 (56) properties in the first quarter of 2019. The value of these properties was $16.9 million ($14.5 million). 26 single-family homes, 3 manufactured homes in parks, and 1 manufactured home on land have changed hands since January 1st. As of March 31st, there were 192 (200) properties of all types available for sale in the Terrace area.
Kitimat: In the first quarter of 2019, 19 (32) properties worth $6.7 million ($7.5 million) have been reported sold. Of those 19 properties, 12 were single-family homes, 3 were half-duplexes and 1 was townhouse. At the end of March there were 124 (60) properties of all types available for sale through MLS® in the Kitimat area.
Bulkley Nechako Region
Smithers: REALTORS® in the Smithers area reported 44 (42) sales with a value of $12.6 million ($13.6 million) to March 31st, 2019. In addition to the 19 single-family homes that sold, 6 parcels of vacant land, 11 homes on acreage, and 3 manufactured homes in parks changed hands this year. At the end of the first quarter there were 120 (144) properties of all types available for purchase through the MLS® in the Smithers area.
Burns Lake: 16 (17) properties worth $2.3 million ($1.9 million) have changed hands since January 1st. At the end of March there were 87 (89) properties of all types available for sale through the MLS® in the Burns Lake area.
Vanderhoof: REALTORS® in the Vanderhoof area reported 30 (22) sales worth $12.2 million ($3.6 million) in the first quarter of 2019. At the end of March there were 80 (104) properties available for purchase through the MLS® in the Vanderhoof area.
Fort St. James: In the first quarter of 2019 there were 9 (13) sales worth $1.9 million ($2.2 million) in the Fort St. James area. As of March 31st, there were 61 (48) properties available on the MLS® in the area.
Northern Region
Fort St. John: In the Fort St. John area, 111 (95) properties worth $35.5 million ($31.1 million) changed hands in the first quarter of 2019. In addition to the 54 single-family homes sold, 9 half-duplexes, 8 homes on acreage, 9 manufactured homes in parks and 18 manufactured homes on land have sold since January 1st. At the end of March there were 597 (664) properties of all types available for purchase through the MLS® in the Fort St. John region.
Fort Nelson: 11 (22) properties worth $919 thousand ($1.9 million) were reported sold through the MLS® since the beginning of the year. At the end of March there were 95 (97) properties available for purchase through the MLS® in the Fort Nelson area.
Fraser Fort George Region
Mackenzie: Since January 1st 12 (8) properties worth $1.4 million ($1.1 million) have changed hands. As of March 31st, there were 63 (42) properties available for purchase through the MLS® in the Mackenzie area.
City of Prince George: 257 (267) properties of all types, worth $90 million ($82.2 million), have changed hands in the first 3 months of 2019 in the City of Prince George. In the western part of the City, the median price of the 46 single-family homes that have sold on MLS® was $327,500 ($299,000). In the area east of the by-pass, the 33 single-family homes that sold had a median value of $309,000 ($247,000). In the northern part of the city, commonly referred to as “the Hart”, 32 single-family homes sold with a median price of $370,000 ($360,000). In the southwestern section of the city, 42 homes have sold since January with a median price of $429,500 ($420,000). At the end of March there were 534 (524) properties of all types available on the MLS® within the city limits.
The members of the BC Northern Real Estate Board are committed to improving the Quality of Life in their communities. The BC Northern Real Estate Board supports growth which encourages economic vitality, provides housing opportunities, and builds communities with good schools and safe neighbourhoods. The REALTOR® members of the BC Northern Real Estate Board serve the real estate needs of the communities from Fort Nelson in the north to 100 Mile House in the south, and from the Alberta border to Haida Gwaii.
REALTOR® and MLS® trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
Average Selling Price (Year to Date)
MLS® Reported Sales – Residential Detached House
BC NORTHERN REAL ESTATE BOARD
|
Community |
March 31, 2017 |
Units |
March 31, 2018 |
Units |
March 31, 2019 |
Units |
|
100 Mile House |
284,240 |
25 |
201,212 |
21 |
302,768 |
22 |
|
Williams Lake |
243,962 |
39 |
245,070 |
29 |
327,185 |
28 |
|
Quesnel |
189,025 |
26 |
239,077 |
18 |
275,601 |
20 |
|
Prince Rupert |
271,873 |
40 |
303,515 |
32 |
278,040 |
22 |
|
Smithers |
281,095 |
22 |
307,193 |
15 |
274,389 |
19 |
|
Fort St. John |
410,623 |
41 |
340,968 |
55 |
366,136 |
54 |
|
Prince George |
309,028 |
186 |
355,639 |
171 |
354,860 |
154 |
|
Terrace |
310,423 |
21 |
284,393 |
29 |
376,626 |
26 |
|
Kitimat |
225,417 |
10 |
256,333 |
21 |
358,950 |
12 |
Note: Any area with fewer than 10 residential-detached house sales in the past 3 years has been omitted from this chart.
Consumers are reminded that real estate is a local commodity and average price can only give an indication of trends. Contact a REALTOR® in your community to determine the value of specific properties.
Charts by Community: Active Listings and Average Days on Market and Sales and Average Price
Click on each image to see a larger version of the graph.
BC Northern:
100 Mile House:
Williams Lake:
Quesnel:
Prince Rupert:
Terrace:
Smithers
Prince George
Fort St. John
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For more information about local conditions, contact:
Leah Mayer, President (Prince George) 250-564-4488
Shawna Kinsley, Vice President (Prince George) 250-564-4488
Court Smith, Past President (Williams Lake) 250-392-2253
Sandra Hinchliffe, Director (Smithers) 250-847-5999
Wynnette Lowes, Director (Fort St. John) 250-785-2100
David Jurek, Director (100 Mile House) 250-395-3422
Nicole Gilliss, Director (Fort St. John) 250-783-1076
Christine Buemann, Public Director (Prince George) 250-612-9140
Dean Simpson, Public Director (Prince George) 778-349-1741