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Home sale prices steady

The average price of a single-family home sold in Northern B.C. varied only slightly from the level seen a year earlier according to numbers from the B.C. Real Estate Association. Homes in the region sold for an average $228,513 in May which was 0.

The average price of a single-family home sold in Northern B.C. varied only slightly from the level seen a year earlier according to numbers from the B.C. Real Estate Association.

Homes in the region sold for an average $228,513 in May which was 0.4 per cent higher than the average seen over the same month last year.

However, total units sold stood at 390 units, compared to 449 a year ago, translating into $89.1 million in sales, down 12.8 per cent from $102.2 million in May 2010.

Year-to-date, the average sale price now stands at $217,581, down 1.2 per cent from 2010, and sales have reached 1,447, down 4.6 per cent, for a dollar volume of $314.8 million, down 5.7 per cent.

The totals are for the region covered by the B.C. Northern Real Estate Board, which runs from 100 Mile House to the Yukon border with the exception of the B.C. Peace, which is covered by the Northern Lights Real Estate Board.

Quarterly figures for Prince George are due out at the start of July.