Sales down, prices up in Fort St. John real estate market

Once again Fort St. John and Fort Nelson, with an average price of $368,000, are the run away leaders among the 13 community members of the B.C. Northern Real Estate Board, with 100 Mile House a distant third at $151,500. n Fort St. John, 150 properties changed hands in the first quarter of this year, worth $47.5 million, compared to 204 worth $55.7 million in 2012. 16 properties were sold in Fort Nelson in that time, worth $4.7 million, down from 28 properties worth $9.6 million last year. There are currently 347 properties available in Fort St. John and 79 in Fort Nelson, as of the end of March.

In its first quarter release the board says sales and sales values were both down this year across the region, compared to the same quarter last year. Total sales went from 1,002 to 900, and the value dropped from $220.5 million, to $212.2 million. Board President Gisela Janzen suggests those numbers represent a continuation of a modest pace. It’s predicted potential buyers may enter the market this spring and summer in the north.