What’s Our Market Doing? Oct 2016

Prince Rupert / Port Edward Real Estate

The saying, “It’s steady, Eddy”, sums up our market. Once again, our numbers are consistent with last year. The average number of days it is taking to sell a property is 93.8 days; last year it was 99.4 days. Our average house price is up $12,794. All in all, our market is stable – there is nothing wrong with that!

SALES (all types):
# of sales in October 2015 – 22
# of sales in October 2016 – 18

YEAR-TO-DATE SALES (all types)
As of October 31, 2015 – 190
As of October 31, 2016 – 181

TYPES OF PROPERTIES SOLD IN OCTOBER 2016:
1- Land
3 – Apartment units
14 – Houses

NUMBER OF ACTIVE LISTINGS (all types):
As of October 31, 2015 – 171
As of October 31, 2016 – 174

AVERAGE SALE PRICE OF A HOUSE (YEAR-TO-DATE)
As of October 31, 2015 – $ 255,411
As of October 31, 2016 – $ 268,205

TOTAL SALES OF ALL TYPES (YEAR-TO-DATE)
As of October 31, 2015 – $ 46,106,751
As of October 31, 2016 – $ 47,445,220

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 October 31, 2016.