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House prices exceed $409,000

Single-family homes in Prince George have sold for $409,082 on average so far this year, according to third-quarter numbers issued Thursday by the B.C. Northern Real Estate Board. That's up $39,553 or 10.

Single-family homes in Prince George have sold for $409,082 on average so far this year, according to third-quarter numbers issued Thursday by the B.C. Northern Real Estate Board.

That's up $39,553 or 10.7 per cent from the same point last year and was more than enough to offset the decline in sales. As of September 30, the number of sales stood at 661, down by 59, or 8.2 per cent.

Activity - or sales multiplied by average price - worked out to $270.4 million, up $4.3 million from the third quarter of 2019.

Looking at properties of all types, 1,015 worth $376.4 million changed hands, compared with 1,110 properties worth $386.1 million.

In the western part of the city the median price of the 190 homes sold this year, was $364,500.

In the area east of the By-pass, the 122 single-family homes that sold had a median price of $295,000.

North of the Nechako, the 129 single-family homes sold had a median price of $412,500.

In the southwest, the median price of the 212 single-family homes sold was $465,000.