October 15/18 – Mike & Nikki’s Newsletter

 

mikemorse.ca

October 2018 Issue


Mike Morse

Hi Everyone,

We are now well into fall, and Hallowe’en is just around the corner.

As you probably know, there was huge news for Kitimat a couple of weeks ago, with the announcement of the $40-billion BC LNG project getting the green light in Kitimat.

We’ve had people ask us what will happen in Prince Rupert as a result of this announcement. We can’t see this having any immediate effect on the local housing market, however in time the business from Kitimat will most likely boost our economy overall.  This is unprecedented, so we will see what happens.  Kitimat and Terrace Realtors have been extremely busy.  As of yesterday, there were only 4 listings available on the market in Kitimat.

Some people still hold the opinion that a LNG project may again be proposed in Prince Rupert or area, since there is another proposed pipeline from northern Alberta to Prince Rupert.

Eagle Spirit president says pipeline from northern Alberta to Prince Rupert, B.C. could win NEB approval

Canadian energy sector sees LNG project as first of many

On another note, Prince Rupert is gearing up for another Municipal Election on October 20. Mayor Lee Brain is running again, with no opponents.

Mayor runs unchallenged in Prince Rupert

Here are some more articles from the past month, if you’d like to check them out.

Unleash the dogs, the new park is open

Province asked to review port tax cap

Vopak hosts open house

Hatching a plan for Prince Rupert’s salmon

Visibility improvements coming for Prince Rupert’s downtown streets

Have a Happy Hallowe’en!

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?

September 2018

Prince Rupert (& Area) Real Estate

September was considerably slower than last year, and the dollar value of the sales is down by approximately $5,000,000. This is the first month in quite some time that we are not very comparable to last year’s stats. Our market ebbs and flows, though, so hopefully October will be more active. On a different note, the average house price is up.

SALES (all types):

# of sales in September 2017 – 17
# of sales in September 2018 – 8

YEAR-TO-DATE SALES (all types)

As of September 30, 2017 – 170
As of September 30, 2018 – 158

TYPES OF PROPERTIES SOLD IN SEPTEMBER 2018:

6- houses
2 – manufactured homes on a pad

NUMBER OF ACTIVE LISTINGS (all types):

As of September 30, 2017 – 170
As of September 30, 2018 – 191

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

As of September 30, 2017 – $ 284,839
As of September 30, 2018 – $ 295,302

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

As of September 30, 2017 – $ 47,063,600
As of September 30, 2018 – $ 42,027,450

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 September, 2018.

Halloween Trick-Or-Treating Tips

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It’s that time of the year again! With Halloween fast approaching, it’s only a matter of days before ghostly ghouls litter the streets in search of tricks and treats. For kids, it’s an exciting chance to dress up as their favorite creature or character and indulge in an overload of sweets — and as parents, you are along for the ride! Make sure your children have a spooktacular Halloween night with these helpful trick-or-treating tips!

Plan a Route Beforehand:

While the prospect of receiving scores of candy can make for an energetic start, it is easy for your children’s energy levels to peter out from continuous walking. Try planning your trick-or-treating route beforehand to ensure that when finished with the night’s haul, you are back at your doorstep.

Pack Nutritious Food As A Snack:

With stacks of candy within their grasp, it’s all too tempting for kids to dig into their stash and end up with a massive stomach ache. Pack hearty snacks like granola bars or fruit to act as a counterbalance to an overindulgence of sugary sweets.

Check And Prepare For The Weather:

Now that we are deep into autumn, a night spent walking through the neighborhood might be chillier than a spooky costume was intended for. Protect your kids from falling prey to flu-season by checking the weather forecast beforehand and bringing along a jacket or other weather-dependent items on your journey. Their costumes will still be scary from the warmth of an insulated jacket!

Hope everyone has a wonderfully spooky Halloween!

Local Events

Prince Rupert and Region Music Society AGM and Mini-Concert
Peter Witherly Community Music Studio
October 16th from 7pm to 9pm
The Return of Terror at the Cannery
North Pacific Cannery
October 28th from noon until 3pm
Halloween Fest
Jim Ciccone Civic Centre
October 31st from 6pm to 8pm

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

 

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