Real estate sales are on the rise in Williams Lake, according to the BC Northern Real Estate Board.

Real estate sales up in Williams Lake

Ninety-four properties sold, as opposed to 82 in 2017

Williams Lake has seen a slight increase in real estate sales during the first quarter of 2018.

In all, 94 properties sold, as opposed to 82 in 2017, during the first quarter in Williams Lake with the value of those properties also up from $17.4 million to $19.9 million.

In addition to the 29 single-family homes sold, 21 homes on acreage, 11 manufactured homes in parks and seven manufactures homes on land changed hands in the first quarter.

As of March 31, there were 238 properties listed on the MLS (Multiple Listing Service) in the Williams Lake area.

Inventories, meanwhile, have seen a decrease. Anecdotally, it appears approximately half the buyers are from out of town and the other half are local residents, said the BC Northern Real Estate Board (BCNREB).

100 Mile House, meanwhile, has seen a drop in both sales and listings and the board suspects the number of listings may not have picked up significantly following the drop caused by the 2017 wildfires.

Quesnel has also seen a decrease in the number of sales and listings when compared to 2017.

“The mortgage stress test, that was implemented last year, appears to have had a minimal impact on most markets in the BC Northern Real Estate Board Area,” said BCNREB president Court Smith. “Many areas [were] impacted by the prolonged winter weather. Most markets are seeing reduced sales activity and lower inventory over the same period last year.

“Real estate in northern BC continues to be very affordable as compared to other regions of the Province.”

The average selling price for homes during the first quarter of 2018 in Williams Lake was $245,070 — up from $243,962 the previous year.

The wildfires during the summer of 2017 did cause uncertainty for consumers needing property insurance or with uncompleted real estate transactions.

Despite, in 2017, 469 sales worth $110.5 million were reported through the MLS, up from 441 sales worth $100.1 million the previous year.

Just Posted

Domestic violence alarm program utilized fully in Williams Lake

With recent funding and grants the number of alarms has increased to 10

Ranching focus of 91st BC Cattlemen’s AGM

“Ranching Strong: Managing for Profitability in the Cow/Calf Operation.”

Cariboo North MLA Oakes pushes for Clare’s Law legislation

The bill will allow at-risk individuals to access info on partner’s potentially abusive past

Early budgeting approved for new Williams Lake Fire Department ladder truck

If ordered in 2020 it will take about three years for the new ladder truck to be delivered

Downtown Williams Lake invites community to Spring Into Downtown

The inaugural Spring Into Downtown festival comes to the lakecity this Saturday

Kelowna toddler suffers cracked skull after fall from balcony

Neighbour who found the two-year-old boy said he has a bump the size of a golf ball on his head

Baby boom seniors putting pressure on B.C. long-term care: report

B.C. leads Canada in growth of dementia, dependence on care

RCMP probe if teen was intentionally hit with ski pole by mystery skier on B.C. mountain

The incident happened on March 20 on Grouse Mountain. Police are urging witnesses to come forward

Support growing for orphaned Okanagan child after father dies in highway crash

Family thanks emergency crews for assistance in traumatic incident

Pipeline protester chimes in on Justin Trudeau’s B.C. fundraising speech

The government purchased the Trans Mountain pipeline and expansion project for $4.5 billion

UPDATED: B.C. man says he’ll take People’s Party lawsuit as far as he can

Federal judge shut down Satinder Dhillon’s ‘nonsensical’ motion to bar use of PPC name in byelection

Canada stripping citizenship from Chinese man over alleged marriage fraud

The move comes amid severely strained relations between Ottawa and Beijing

Nevada court orders former Vancouver man to pay back $21.7M to investors

The commission says Michael Lathigee committed fraud over a decade ago

Most Read