Fort St. John and Fort Nelson, with an average price of $319,000, are the only northern B.C. communities with an average price over $300,000, topping the 13 community members of the B.C. Northern Real Estate Board, with Prince George in third at almost $262,000.
In FortSt. John, 626 properties have changed hands so far this year, worth $219.9 million, compared to 671 worth $214.3 million in 2012. 66 properties were sold in Fort Nelson in that time, worth $17.8 million, down from 74 properties worth $22.5million last year. There are currently 413 properties available in FortSt. John and 101 in Fort Nelson, as of the end of September.
In its third quarter release the board says northern regions like Fort St. John is considered a seller’s market, compared to the more southern cities of 100 Mile House and Williams Lake which are in a buyer’s market. Overall sales are up 41 per cent from a year ago, with 3806 properties worth $935 million sold versus 3749 properties worth $865 million at this time last year.
It’s expected forecasts for strong economic growth in 2014 should improve market conditions.