Terrace real estate sales remain strong

Latest figures released by BC Northern Real Estate Board

IN THE first nine months of the year, 248 properties worth $52.1 million were reported sold in the Terrace area, compared to 219 properties worth $41.5 million during the same period last year, reports the BC Northern Real Estate Board.

Half of the 148 single family homes that have sold so far this year, sold for less than $213,000 and these homes took, on average, 67 days to sell. Also changing hands were 21 parcels of vacant land, 6 multi-family dwellings, 24 homes on acreage, 20 manufactured homes in parks and 10 manufactured homes on land.

At the end of September there were 254 properties of all types available through the MLS® in the Terrace area.

To compare, the real estate board, for the first nine months of 2009, says 123 residential detached houses sold in the Terrace area at an average price of $197,625. For the same period in 2010 the average price was $202,856 on 95 houses sold while 125 houses sold for the same period in 2011 at an average price of $218,120. For the first nine months of 2012, the 148 houses sold brought an average price of $219,242.

In Kitimat, 212 properties worth $35.1 million have changed hands in the first nine months of 2012, compared to 133 properties worth $18.6 million to September 30th of 2011.

Of the 114 single family homes sold so far this year, half sold for less than $162,000. These homes took, on average 57 days to sell.  In addition, 14 parcels of vacant land, 48 half duplexes and 19 townhomes were also sold this year.

At the end of September there were 106 properties of all types available through the MLS® in the Kitimat area.