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City's real estate market improves in 2011

The city's real estate market enjoyed a rebound in 2011 following a three-year slide, numbers from the B.C. Northern Real Estate Board are showing.

The city's real estate market enjoyed a rebound in 2011 following a three-year slide, numbers from the B.C. Northern Real Estate Board are showing.

Over the course of the year, 823 single-family homes sold for an average $246,484 each, adding up to $202.9 million of activity, compared to $186.2 million over 2010. In 2007, sales peaked at $260.2 million and then declined for the next three years.