2021 Figures Of 6,701 Sales Slightly Lower Than 2006 All-Time High
PRINCE GEORGE – A near record 6,701 property sales were recorded in the BC Northern Real Estate Board region in 2021, up from 5,083 in 2020 and just 62 units lower than the all-time high of 2006.
The average sale price of $382,786 surged 17.6% from 2020, when units averaged $326,615.
2021 sales totaled $2.4 billion, up from $1.6 billion the year before.
The combination of near-record sales and record low inventory is driving prices to new records, with residential prices up roughly 28 per cent since the start of the pandemic.
While new listings remained steady throughout 2021 compared to prior years, very high sales activity drove active listings to the lowest level since records begin in 2000. These factors drove the sales to active listings ratio to record highs in 2021, surpassing the frenetic market activity for 2005-06, reaching a record of 40% in March.
Housing markets across the north ended the year with sales trending about 25 per cent above long-term average levels, pointing to a fast start to 2022.
Following are the statistics for 2021 in each community:
100 Mile House
797 properties worth $266.8 million sold, compared with 616 properties worth $177.4 million in 2020. The 179 single-family homes that sold in 2021 had a median value (half sold for less) of $395,000. In addition, 305 parcels of vacant land, 185 homes on acreage, 57 manufactured homes on land, 11 manufactured homes in parks, and 32 recreational properties changed hands in 2021.
Williams Lake
595 sales worth $196.5 million were reported, up from 455 sales worth $126.9 million the previous year. Half of the 213 single-family homes sold in 2021 sold for less than $370,000. 79 parcels of vacant land, 123 homes on acreage, 36 townhouses, 38 manufactured homes in parks and 46 manufactured homes on land were also sold in 2021.
Quesnel
486 properties changed hands, up from 398 that sold in 2020. The value of these properties was $138.6 million ($97.7 million in 2020). The median value of the 155 single-family homes sold in 2021 was $325,000. In addition, 96 parcels of vacant land, 118 homes on acreage, 24 manufactured homes in parks and a further 45 on land were reported sold in 2021.
Prince Rupert
283 properties worth $108.6 million changed hands compared with 229 properties worth $72.9 million in 2020. Half of the 184 single-family homes sold in 2021 sold for less than $418,000. In addition, 28 parcels of vacant land, 5 townhouses and 21 half-duplexes sold in 2021.
Terrace
412 properties sold worth $173.2 million compared with 2020’s 318 properties worth $114.1 million. Of the 213 single-family homes that changed hands, half sold for less than $450,000. In addition, 39 parcels of vacant land, 36 homes on acreage, 28 manufactured homes in parks and a further 14 on land sold in 2021.
Kitimat
190 properties worth $68 million sold compared to the 166 properties worth $52.6 million in 2020. The median value of the 115 single-family homes sold in 2021 was $365,000. In addition, 32 half-duplexes and 16 townhouses were sold.
Houston
58 properties worth $15.1 million changed hands in 2021, compared to the 35 properties worth $8.2 million that sold in 2020. The median value of the 37 single-family homes sold was $235,000.
Smithers
261 sales worth $96.8 million were made, compared to 252 sales worth $83.5 million in 2020. The median value of the 105 single-family homes that sold in 2021, was $400,000. 68 parcels of vacant land, 53 homes on acreage, 10 manufactured homes in parks and a further 11 on land also changed hands in 2021.
Burns Lake
127 properties with a value of $36.8 million sold compared with 75 worth $14.7 million in 2020. Half of the 34 single-family homes that sold, sold for less than $199,000. 40 parcels of vacant land, 30 homes on acreage and 8 manufactured homes on land also changed hands in 2021.
Vanderhoof
190 properties sold worth $51.6 million, compared with 2020’s 146 properties worth $42.7 million. Of the 64 single-family homes that sold in 2021, half sold for less than $265,000. In addition, 55 parcels of vacant land, 40 homes on acreage, 5 manufactured homes in parks and a further 8 manufactured homes on land changed hands in 2021.
Fort St. James
100 properties worth $22.8 million sold, compared to 61 properties worth $11.3 million in 2020.
Fort St. John
802 properties with a value of $310.3 million sold, up from 529 properties worth $187.8 million that sold in 2020. Of the 406 single-family homes sold in 2021, half sold for less than $377,000. In addition, 45 parcels of vacant land, 70 half-duplexes, 88 homes on acreage, 30 manufactured homes in parks and a further 82 on land sold in 2021.
Fort Nelson
95 properties sold worth $18.7 million, up from 2020’s 82 properties worth $12.1 million. Half of the 34 single-family homes sold in 2021, sold for less than $178,000. There were 14 homes on acreage and 1 townhouse also sold in 2021.
Mackenzie
111 properties worth $28.3 million were reported sold, compared with 2020’s 47 properties worth $8.6 million. The median value of the 77 single-family homes that sold in 2021 was $172,500.
Prince George
1,718 properties worth $710.7 million sold in 2021, compared with 1361 properties worth $500 million in 2020.
In the area west of the by-pass, half of the 355 single-family homes sold in 2021, sold for less than $411,500. As well, 32 apartment units and 67 townhouses changed hands in 2021.
East of the by-pass 49 apartment units, 29 half-duplexes, and 37 townhouses sold in 2021. The 200 single-family homes sold had a median value of $348,900. In the northern part of the city, 34 homes on acreage, 32 manufactured homes in parks and a further 63 manufactured homes on land sold in 2021. Of the 225 single-family homes sold, half sold for less than $465,500.
In the southwest sector 15 half-duplexes, 21 townhouses, 13 homes on acreage, 12 manufactured homes in parks and a further 9 manufactured homes on land sold in 2021. Half of the 306 single-family homes sold in 2021 sold for less than $522,000.
