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January 15/19 – Team Morse Newsletter

 

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January 2018 Issue


Mike Morse

Hi Everyone,

Welcome to 2019!

Below is a glimpse at some stats from the past 5 years in Prince Rupert real estate. 2018 ended up being a decent year.  There was nothing too unusual except at the end of the year, we had 40 less listings than in 2017.  As you can see, 2014 was an exceptional year. This was as a result of speculation from LNG proposals in our area.

In the way of news, in December, the last LNG proponent (Exxon Mobil) withdrew their application for their LNG project in our area. Most of us didn’t even realize there was still a contender!

Exxon Mobil withdraws application to approve $25-billion B.C. LNG project

On December 18, the Fairview Container Terminal handled its millionth container (TEU) for the first time in a calendar year. This was a huge accomplishment.

Fairview Terminal reaches 1 million TEU milestone

Currently there is much talk about a boil-water advisory that keeps getting extended.

Impacts on businesses under ongoing boil water notice

Regarding cannabis retail in Prince Rupert, this was a recent article:

Prince Rupert gives public notice of Cannabis Retail application

Here are some more articles to help keep you up-to-date with Prince Rupert news.

AltaGas operator program celebrates graduating class

Prince Rupert Port announces $1M for Skeena River salmon

Anti-LNG pipeline in Prince Rupert shows support for Wet’suwet’en

If you would like more information about market conditions, or have any other real estate related questions, don’t hesitate to contact us.

Thank you.

Mike & Nikki Morse, REALTORS®

Mike Cell: 250.600.6620
Nikki Cell: 250.600.4650

RE/MAX Coast Mountains

Mikemorse.ca

WHAT’S OUR MARKET DOING?

DECEMBER 2018

Prince Rupert (& Area) Real Estate

Overall, 2018 turned out to be a decent year in Prince Rupert real estate. What’s nice to see is the month of December had more activity than last year. What’s interesting is at the end of 2018, as mentioned above, there were 40 less listings on the market than in 2017. Also, the average sale price of a single family dwelling increased by $17,261 last year.

SALES (all types):

# of sales in December 2017 – 6
# of sales in December 2018 – 11

YEAR-TO-DATE SALES (all types)

As of December 31, 2017 – 205
As of December 31, 2018 – 195

TYPES OF PROPERTIES SOLD IN DECEMBER 2018:

1- business
10 – houses

NUMBER OF ACTIVE LISTINGS (all types):

As of December 31, 2017 – 164
As of December 31, 2018 – 124

AVERAGE SALE PRICE OF A HOUSE (YEAR-TO-DATE)

As of December 31, 2017 – $ 277,611
As of December 31, 2018 – $ 294,872

TOTAL SALES OF ALL TYPES (YEAR-TO-DATE)

As of December 2017, 2017 – $ 54,827,900
As of December 2018, 2018 – $ 53,465,250

The stats are based in whole or in part on information supplied by the BC Northern Real Estate Board for the period January 1, 2017 through December 31, 2018.

Three Tips for Keeping Your New Year’s Resolutions

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Welcome to 2019! The New Year has officially arrived and with it, New Year’s resolutions! As most are aware, New Year’s resolutions are notoriously difficult to stick with past the first few weeks of January. Stay true to your 2019 resolutions by using these helpful tips!

Write It down in a Visible Location

It’s far easier to abandon a resolution when it’s never visible throughout your daily routine. If you are serious about sticking to your resolutions this year, be sure to write them down in a place that you will look at every day. This could be a sticky note on the fridge, a notification on your phone, or anything in between! Seeing your resolutions on a daily basis puts them at the front of your mind and higher on your priorities.

Let People Know

When you make a resolution, be sure to let the people you care about know! Whether this is your spouse or some coworkers, letting people know can help to create a support system that encourages you to stay true to your goals. Also, you will be far less likely to abandon a resolution knowing that you might face the judging glances of a colleague or loved one!

Make Your Resolution a Part of Your Daily Routine

It can be hard to stick to a resolution when you haven’t made the time for it! If possible, try to schedule your resolution into your week to ensure that it becomes a firmly ingrained part of your day-to-day life. Once your resolution becomes a part of your daily lifestyle, sticking to it will be a breeze!

Hope everyone has an amazing 2019!

Local Events

Family Literacy Day
Prince Rupert Library
Sunday, January 27th from 1:30pm to 3:00pm
Denim and Ice Dinner – Prince Rupert Skating Club
Highliner Plaza Ballroom
Saturday, February 9th from 6:00pm to midnight

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.

 

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