Over the past 12 months, the number of single-family homes sold in Prince George saw a decline of about a dozen transactions.
Last month, 73 of these units came off the market for an average selling price of $570,470– during May of 2024, 85 single-family homes changed hands going for a price of $531,142.
BC Northern Real Estate Board Director, Kristin Houghtaling with Royal LePage Aspire Realty told MyPGNow.com a lot of multiple offers are being put down at the moment.
“The listings and the sales haven’t been too, too different but we are seeing things are a lot more competitive in some areas where single-detached homes are move-in ready. We are seeing a lot more competitiveness than this time last year.”
She added the economic turmoil instigated by US President Donald Trump hasn’t not been enough to turn away prospective buyers.
“I think a lot of people are chomping at the bit right now and waiting for the right places to come up. I am not seeing a ton of hesitancy.”
Houghtaling stated the summer season does hit its lulls as people take advantage of the warm weather.
“Moving into the summer, we typically see as a general rule, July and August dip down in sales slightly. Its mostly due to holidays and people being out of town – it usually tends to pick up again in mid-August.”
Year-to-date, 304 single-detached homes have been sold in our city, an increase of 17 when compared to the same time last year.
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