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Prince George homes stay above $450,000

Average price rises just $331 during third quarter
real-estate

The average price for a single-family home remained above $450,000 according to a third-quarter update from the B.C. Northern Real Estate Board.

As of the end of September, it stood at $456,173, up $47,091 from the same point last year.

As well, 861 of them have exchanged hands, a jump of 200 sales.

However, the rise in price appears to be levelling off.

After rising by $4,941 during the second quarter, the increase over the third quarter worked out to just $331, while sales tailed off slightly at 295 compared to 339 during the second quarter.

Looking at properties of all types, 1,353 worth $555.6 million in total exchanged hands so far in 2021, up from 1,015 properties worth $376.4 million by the same point in 2020.

In the western part of the city the median price of the 269 homes sold this year, was $411,500.

In the area east of Central, the 159 single-family homes that sold had a median price of $348,900.

North of the Nechako, the 185 single-family homes sold had a median price of $450,000.

In the southwest, the median price of the 237 single-family homes sold was $505,000.

At the end of September, there were 519 properties of all types available for purchase through the Multiple Listing Service.