The average price of a single-family home moderated slightly in Prince George, according to third-quarter numbers from the B.C. Northern Real Estate Board.
After hitting a peak of $275,353 by halfway through the year, the average sale price was $273,321 as of the end of September.
However, that's still well up from $261,184 by the same point last year.
At 755, the number of sales also remains on the rise, compared to 725 by the third quarter mark last year. Looking strictly at the third quarter, there were 304 sales at an average price of $263,060.
"Year-over-year, we're moving in the right direction," said BCNREB vice president David Black.
Between low interest rates and the expected approval of at least one liquified natural gas project by next year, Black said the trend should continue.
Looking at properties of all types, 1,157 properties worth $281.6 million have changed hands so far this year, compared with 1,020 properties worth $250.8 million by the end of September 2013.
In the western part of the city, the median price of the 226 homes sold this year, was $242,900.
In the area east of the bypass, the 141 single-family homes that sold had a median price of $203,000.
In the northern part of Prince George, the 173 single-family homes sold had a median price of $280,000.
And in the southwest section, the median price of the 200 single-family homes sold was $334,500.
At the end of September, there were 775 properties of all types available for purchase in Prince George through the Multiple Listing Service.
