Prince George continues to be a seller’s market when it comes to home sales.
According to Bob Quinlan with RE/MAX Core Realty, the average price of a single-family in November was 463-thousand dollars, a spike of 50-grand when compared to the same month last year.
Quinlan told MyPGNow.com all areas of the city are enjoying a spike in sales.
“So, the city bowl area is at about a 16% increase over last year, west of the bypass is a 13% increase, north in the city is an 8% spike and the city south, which includes College Heights and west is about a 14% increase.
He adds while overall activity might slow down during the holidays, it won’t come to a complete stop.
“When we come around Christmas time, we find that there are fewer buyers and sellers. But, what we do find is that there are more motivated buyers and sellers, so if somebody has got their house on the market in December they are pretty well serious about selling it, and if someone is looking in December then they are pretty well serious too.”
According to Quinlan, 1041 sales have been recorded in Prince George so far this year – a 20% increase from November of 2020 where just under 800 homes were taken off the market.
99-single-family homes were sold in PG last month.