Hi Everyone,
In Prince Rupert real estate, we see that our numbers picked up in April. Overall, we’re still down for 2019, but we’re slowly closing the gap!
We had big news on Tuesday. The Prince Rupert Port Authority announced the completion of a container terminal master plan that identifies the long-term potential to develop 6 – 7 million TEUs of capacity through the development of multiple terminals at the Port of Prince Rupert. It is expected that the Port of Prince Rupert will become Canada’s second largest port in the next 5 years.
Recently, you may have heard on the news that an expert panel looking into money laundering in BC found that an estimated $5 billion in “dirty money” was laundered through BC’s housing market in 2018. Almost all of the suspicious transactions took place in the Lower Mainland.
Unfortunately, the damage has been done. Moving forward, as Realtors, we anticipate more courses and even stricter guidelines for identifying clients and corporations. However, the biggest changes will have to be at the lawyer level.
We’re nearing the Victoria Day long weekend, so here’s wishing you decent weather and good times, wherever you are!
If you would like more information about anything mentioned in this newsletter, or if you have any real estate related questions, please contact one of us. We would be happy to meet with you to see how we can help you out.
Overall we’re still down from last year, but April was a decent month. When looking at dollar volume in sales, $4,816,404 worth of properties sold in April 2019. Last year the number was $4,822,500, so the amounts are very comparable. We’ll see what the month of May brings with the spring market activity.
SALES (all types):
# of sales in April 2018 – 16
# of sales in April 2019 – 18
YEAR-TO-DATE SALES (all types)
As of April 30, 2018 – 64
As of April 30, 2019 – 52
TYPES OF PROPERTIES SOLD IN APRIL 2019:
1- land
2 – apartment units
12 – houses
2 – manufactured homes on a pad
1 – retail
NUMBER OF ACTIVE LISTINGS (all types):
As of April 30, 2018 – 196
As of April 30, 2019 – 179
AVERAGE SALE PRICE OF A HOUSE (YEAR-TO-DATE)
As of April 30, 2018 – $ 315,568
As of April 30, 2019 – $ 302,111
TOTAL SALES OF ALL TYPES (YEAR-TO-DATE)
As of April 30, 2018 – $ 17,844,900
As of April 30, 2019 – $ 13,599,053
The stats are based in whole or in part on information supplied by the BC Northern Real Estate Board for the period January 1, 2018 through April 30, 2019.
Decluttering 101: Three Items to Toss
Let’s face it, decluttering a household can be an intimidating job. All those little piles of clothing, doohickies, and junk that has been neglected due to your busy schedule can leave you wondering where to start! If you are finding yourself overwhelmed by your cluttered home, tossing these three items is the perfect way to ease yourself into the decluttering process.
Remove the Receipts
When you have purchased a piece of clothing or electronic device that starts to fall apart after a week, there are few better feelings than knowing you’ve kept the receipt. However, what happens to all those receipts that never end up being used? Well, they sit on your coffee table, or in your junk drawer, or on your kitchen counter—forever. Chances are, most of the receipts that are around your home are probably long expired and hold no further use. Give these receipts a toss for an easy decluttering win.
Clothes You Will Never Wear Again
Everyone has at least a few clothing items buried deep in their closet that haven’t been worn in years. Take a moment to go through your wardrobe and give those old items a toss. Whether
they no longer fit, are out of style, or are dotted with holes—they aren’t doing you any good taking up precious closet space!
Old Newspapers and Magazines
You swear you were going to get around to reading the latest issue of your favorite magazine, and yet, as weeks turn to months, that magazine sits on your counter joined by other magazines still on your to-read list. If a magazine or newspaper has been sitting for a few months, it is probably worth parting ways. You can always catch up on the next issue!
