Monica Lamb-Yorski photo Local realtors are reporting a “hot” housing market in Williams Lake that has seen reasonably priced homes selling quickly.

Williams Lake’s real estate market is heating up

Williams Lake’s real estate market is hot right now, say local realtors.

“The market is moving quite quickly,” realtor Susan Colgate of Interior Properties told the Tribune Thursday morning.

“I don’t think we’ve seen units selling for the prices that they are for quite a few years,” Colgate said. “There is a low inventory in many desirable areas and it has become a bit of a seller’s market.”

Sutton Cariboo Realty’s Court Smith is vice-president of the BC Northern Real Estate Board (BCNREB) and echoed Colgate saying the market has a challenged inventory.

“There is a really strong demand in all price ranges,” he said.

In Smith’s office, the buyers are about 50 per cent locals wanting to move around and 50 per cent new people moving to Williams Lake, he said.

“The market is strong,” Smith added. “It was a strong year last year too.”

Referring all property sales in the Williams Lake area, Smith said there were 174 sales in the in the first five months of 2017, compared to 164 sales in the first five months of 2016.

Realtor Carol-Ann Taphorn of Interior Properties recalled that it was 2007 when the market was as strong as it is now.

“When something comes along that’s priced right, it’s gone,” Taphorn said. “There are often multiple offers.”

She agreed with Smith saying half the buyers are local.

People coming from out of town are coming from all over the province, she added.

Referencing the statistics reflecting sales from the beginning of 2017 until the end of May, Taphorn said the average home in Williams Lake is selling for $260,656, compared to the same time frame in 2016 when the average home price was $253,313.

The biggest change is in the value of residential housing sales, Taphorn noted.

As of the end of May 2017, a total of $20,331,201 was achieved, which is up considerably from the end of May in 2016 when the amount was $14,692,208.

“It’s quite a difference,” Taphorn said. “As soon as a sign goes up people are phoning. It’s quite a different market.”

Just Posted

Tough loss for Stampeders in weekend hockey action

The Williams Lake Stampeders took a devastating loss to the Quesnel Kangaroos on Saturday night

VIDEO: Charlie the court support dog

Penny Stavast and her dog Charlie are training to comfort people when they need it most

Stroke of brilliance

Williams Lake Blue Fins swimmers competed in their first swim meet in nine months

Safe ride home

Operation Red Nose program kicks off Nov. 24 in Williams Lake

Dance of a lifetime

A leap in the right direction for a young dancer from Williams Lake with a big dream

VIDEO: Rare comic showing Superman’s 1st appearance to be auctioned

The 1938 comic features Superman hoisting a car over his head

B.C. reporter reflects on covering Charles Manson

Charles Manson, leader of a murderous cult, died on Sunday at 83

ICBC overbilling for crash repairs not the problem, dealers say

Collision repair shops reject union claim of inflated costs

B.C. groups to address child sex abuse in sports

viaSport is organizing a full day of education in association with Canadian Centre for Child Protection and the Coaching Association of Canada.

Report sets exercise guidelines for young kids, including ‘tummy time’ for babies

Kids aged one to four should get at least three hours of physical activity throughout the day

Stampeders return to Grey Cup with 32-28 win over Edmonton Eskimos

The Stampeders will face the Toronto Argonauts next Sunday in Ottawa for the title

Nebraska approves TransCanada’s Keystone XL pipeline

Nebraska’s Public Service Commission approved TransCanada’s Keystone XL route in a close vote

B.C. VIEWS: China a better partner than U.S.

B.C. is slowly winning the softwood lumber war

Forecast calls for a snowy Canadian winter

Canadians told to brace for a ‘classic’ Canadian winter with lots of snow

Most Read