Single-family homes in Prince George have seen an increase through the first three months of 2025 according to the first quarter round-up from the BC Northern Real Estate Board.
As of the end of March, 152 units came off the market for an average price of $503,331 – that’s an increase of 15 transactions compared to the same time last year where 137 homes were sold ($504,700).
Past Chair, Kristine Newell told MyPGNow.com while all areas of the city are getting a piece of the pie, most of the activity is still being led in College Heights and the Hart.
“People still like to be a little out of the downtown core and College Heights and the Hart both have their own advantages such as grocery stores and their own little communities too so people like those.”
Newell added due to the increased buying power from lower interest rates, the number of days a home is on the market prior to being sold has been slashed in half, going from 63 to 31.
In the western part of the city, the median price of the 42 single-family homes that have sold was $458,000 ($462,450).
East of the by-pass, saw 40 single-family homes sold with a median value of $366,000 ($430,000).
In “the Hart”, 31 single-family homes sold for $555,000 ($542,450).
Lastly in College Heights, 39 homes have been purchased since January for a median price of $560,000 ($532,500).
At the end of March there were 621 (646) properties of all types available within the city limits.
Overall, 281 (236) properties of all types, worth $124.2 million ($116.3 million), have changed hands in the first 3 months of 2025 in Prince George.
The BC Northern Real Estate Board reported 917 sales with a value of $368,280,839 in the first quarter of this year.
This compares with 817 sales worth $327,442,096 at the same time last year.
As of March 31st, there were 2885 properties of all types available for purchase compared to 2896 at this time last year.
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