Prince Rupert / Port Edward Real Estate
The market in November was a fair month in Prince Rupert real estate. The year-to-date total value of all sales ended up being very similar to last year. As of November 30, 2016 it was $49,099,720; last year it was $49,316,251. However, total sales for the month of November 2016 were $1,654,500 as opposed to $3,209,500 last year.
Notably, the “ratio of sales to actual listings” went down to 4.7% in November from 10.34% in October. When reviewing the last 3 years, it is reassuring to see that a low percentage has been the norm for November, December and January. Usually, anything under 15% is considered a buyer’s market, and anything over 20% is considered a seller’s market. The last time we had a number over 20% was in April, May and June of 2014.
We hope all of this hasn’t confused you! If it has, that’s because it is! It can make your head spin. If you have any questions or want to discuss, don’t hesitate to contact one of us.
Mike @ 250.600.6620 or Nikki @ 250.600.4650.
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SALES (all types):
# of sales in November 2015 – 11
# of sales in November 2016 – 8
YEAR-TO-DATE SALES (all types)
As of November 30, 2015 – 201
As of November 30, 2016 – 189
TYPES OF PROPERTIES SOLD IN NOVEMBER 2016:
1- Land
1 – Duplex
6 – Houses
NUMBER OF ACTIVE LISTINGS (all types):
As of November 30, 2015 – 177
As of November 30, 2016 – 170
AVERAGE SALE PRICE OF A HOUSE (YEAR-TO-DATE)
As of November 30, 2015 – $ 255,867
As of November 30, 2016 – $ 267,045
TOTAL SALES OF ALL TYPES (YEAR-TO-DATE)
As of November 30, 2015 – $ 49,316,251
As of November 30, 2016 – $ 49,099,720
The stats are based in whole or in part on information supplied by the BC Northern Real Estate Board for the period January 1, 2015 through November 30, 2016.