In Fort St. John, realtors assisted in the sale of 497 properties worth $188,000,000 in the first half of 2014, compared to last year’s sale of 383 properties worth $132,000,000.
Out of the 201 single family homes which sold so far this year, the median price was $392,500, taking an average of 37 days for the homes to sell.
There were 373 properties of all types available for purchase through the Multiple Listing Service (MLS) so far this year in the Fort St. John area.
Comparatively, Fort Nelson saw a decrease in properties sold, down from 38 homes worth $10,000,000 to 28 homes worth $7,000,000 in total.
The most prosperous city is by far Prince George, with 695 properties sold worth a total of $170,200,000, which holds a year-to-year differential of 59 homes and $11,500,000.
Houston is the worst market out of the list, only 16 properties worth $2,300,000 in total, compared to the 2013 total of 27 properties worth $4,500,000.
BCNREB says the economic prospects for the north continue to be strong thanks to the benefits of capital investments in LNG, pipelines and mining, in addition to the recovery of the U.S. economy and rise in their house starts, which should also help B.C.’s timber market.