Single family home costs continue to climb upward

The average selling price of a detached residential housing for the first six months of this year was $294,651

  • Jul. 17, 2014 7:00 a.m.

Housing prices continue to climb in Terrace and area based on latest figures made available through the MLS listing service.

The average selling price of a detached residential housing for the first six months of this year was $294,651, a large jump over the $235,000 average selling price for the first six months of 2013.

And the 2013 average price was more than the $211,733 for the first six months of 2012.

The average selling price for April to June of $294,651 is approximately the same as for the first three months of the year when it was $294,067.

If the average selling price is increasing, the number of residential homes being sold is fairly even with 99 sold for the first six months of 2014 compared to 104 being sold for the first six months of 2013.

Total property sales for the first six months of 2014 amounted to 201 properties worth $48.4 million compared to 180 properties sold for a worth of $39.8 million for the first six months of 2013.

Half of the 99 single family homes that sold for the first six months of 2014 sold for less than $289,900.

On average, it took these homes 31 days to sell.

In addition, 37 parcels of vacant land, three half duplexes, and 12 homes on acreage changed hands in the first six months of the year.

At the end of June there were 177 properties of all types available for purchase through the MLS in the Terrace area.

That’s an increase from the 101 properties that were available as of the end March.

If selling prices climbed here, the increase was even more dramatic in Kitimat.

The average price for a detached single family home in Kitimat was $320,131 for the first six months of this year.

That’s a large jump compared to $222,766 for the first six months of 2013 and $176,012 for the first six months of 2012.

On average, it took just 22 days for a house to sell in Kitimat for the first six months of this year.

 

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