Fewer Williams Lake properties sold this year than last year: real estate board

The B.C. Northern Real Estate Board has reported that 3,443 properties worth $740 million sold through the Multiple Listing Service in the first nine months of 2011 compared to 3,441 properties worth $697 million in the same time period last year.

  • Oct. 13, 2011 11:00 a.m.

The B.C. Northern Real Estate Board has reported that 3,443 properties worth $740 million sold through the Multiple Listing Service in the first nine months of 2011 compared to 3,441 properties worth $697 million in the same time period last year.

In the Williams Lake area, 258 properties worth $53.5 million have sold in the first nine months compared to 296 properties worth $63.4 in the same period last year. Of the 106 single family homes sold to the end of September, half sold for less than $216,000 and those homes took, on average, 90 days to sell.

In addition, 20 parcels of vacant land, 15 townhomes, 49 homes on acreage and 24 manufactured homes in parks and a further 24 on land have sold this year.

At the end of September there were 501 properties of all types available for purchase through MLS in the Williams Lake area.

In Quesnel to the end of September 179 properties worth $32.8 million sold through MLS compared to 220 properties worth $37.3 million to the end of the third quarter in 2010.

Half of the 74 single family homes sold so far this year sold for less than $178,000 and took on average 93 days to sell.

In 100 Mile House so far this year 224 properties worth $43.2 million have changed hands compared to 285 properties worth $54.2 million to the end of September in 2010. Half of the single family homes that have sold sold for less than $226,000 and took on average 151 days to sell.

In spite of the slow spring the market continues to be stable,” real estate board president Victor Prystay said. “Although average sale prices are generally slightly higher, with the good inventory of quality properties available in the region and interest rates remaining at all-time lows, it would seem to be an opportune time for buyers to investigate the market.”