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Housing sales in PG off to slow start during 2020: BC Northern Real Estate Board

The BC Northern Real Estate Board reports the first half of 2020 has seen in a downturn in sales but a rise in prices.

The average price for a single-family home in Prince George is over 390-thousand dollars, that’s up from June of 2019 where the price was 366-thousand.

President, Shawna Kinsley told MyPGNow.com some increased demand to purchase occurred during the early days of the pandemic.

“We’re seeing a lot of sales in College Heights, which is normal, the Hart has become quite popular while Heritage and Lakewood are up there too. If you have a house anywhere in the 390 range you can see it competing often with a lot of interest.”

520 properties worth of 180 million changed hands this year, whereas 697 properties worth 246-million were sold during the first six months of 2019.

“Our inventory was low but the buyers were still there the house prices have increased a bit due to that, the stats are down a bit over last year but I think, my personal opinion is that they will rebound.”

Kinsley added that because of COVID-19, realtors have been forced to change the way they do business adopting a more virtual format.

“We’re really trying to lessen the amount of time in the home so we get people to do drive by’s, preview the pictures do the virtual showings, and then if they are in complete need, then we will proceed to book showings on that.”

Across the north, 1786 properties sold in the first six months of 2020, down from the 2298 sales reported in the first half of 2019.

The value of these properties was $538.6 million dollars compared with $716.5 million in 2019.

Something going on in the Prince George area you think people should know about?
Send us a news tip by emailing [email protected].

Brendan Pawliw
Brendan Pawliw
Since moving to Prince George in 2015, Brendan has covered local sports including the WHL’s Prince George Cougars, Prince George Spruce Kings, UNBC Timberwolves, Cariboo Cougars AAA, and Northern Capitals U18 female hockey teams. Career highlights include play-by-play during the Spruce Kings' BCHL championship runs in 2018 and 2019, including the Doyle Cup win. He also covered the 2019 National Junior A Championship, the 2017 Telus Cup, the 2022 World Women’s Curling Championship, and the 2022 BC Summer Games. Brendan is the news voice on 94.3 The Goat and Country 97 FM, reporting on crime, real estate, labour, and environmental issues. Outside of work, he officiates box lacrosse and fastball, sits on the Prince George Sports Hall of Fame board, and co-hosts the Hockey North podcast.

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