Average Terrace, B.C. property value rises slightly

Despite overall regional decline, recent Northern Real Estate board figures show average price still climbed

  • Jan. 7, 2016 1:00 p.m.

The annual Northern Real Estate Board report on housing market activity for the northern region shows the average housing price in Terrace has gone up slightly compared to last year, although the number of houses sold has dropped.

According to the report, the average selling price of a total of 153 homes sold in Terrace in 2015 was $308,436.

This is slightly up from 2014, when 177 homes sold at an average price of $302,046.

In 2013, 219 homes sold at an average price of $251,477.

Taken at a medium value, of the 153 single family homes old in 2015 in Terrace, half sold for less than $307,000.

In terms of all the land, manufactured and other homes that sold in 2015 which totalled 271 properties changing hands, they were collectively worth $70 million, compared with 2014’s 351 total properties worth $87.3 million.

By way of comparison, Kitimat saw a much steeper drop in average selling price, from $318,046 (78 homes sold) in 2014 to $298,624 (82 sold) in 2015.

 

Just Posted

College buys a yurt to boost student success

Round tent-like structure part of college instructional shift

Soup kitchen sees “groundswell of community support”

Donations toward looming tax bill push non-profit back in the black

Terrace husband and wife honoured for saving each other’s lives

BC Ambulance presented each a Vital Link Award for separate incidents of CPR

Council supports lobby for fair share of cannabis tax revenue

The City of Terrace is throwing its support behind a West Kelowna… Continue reading

Airport registers modest passenger increase

Manager anticipates further growth in 2018 as expansion project nears completion

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Complaint against Prince George RCMP in death of Wet’suwet’en man

Thirty-five year old Dale Culver died while in Prince George RCMP custody last summer.

Philadelphia Eagles headed to Super Bowl

After routing the Minnesota Vikings 38-7, they will face Tom Brady and the New England Patriots

Heavy snowfall closes Mount Washington on Vancouver Island

Road to ski resort deemed unsafe, vehicles buried under more than three feet of snow

VIDEO: Dramatic video shows return of rescued B.C. snowboarders

Two snowboarders were rescued near Rossland, B.C. on Sunday after being lost overnight.

Tom Brady leads Patriots back to Super Bowl, top Jaguars 24-20

New England to face winner of Sunday night’s game between Minnesota and Philadelphia on Feb. 4

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Final phase of MDMA-assisted psychotherapy trials to kick off in B.C.

Doctors hope to get psychedelic-assisted psychotherapy legalized in Canada and the U.S. by 2021

Most Read