Friday, November 20, 2009

October Home Sales Highest in 6 Years!

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 115 per cent to 8,624 units in October compared to the same month last year. Last month posted the highest number of MLS® residential sales for the month of October since 2003, when 8,682 units changed hands. The average MLS® residential sales price in the province climbed 17 per cent to $493,328 from $420,259 in October 2008.

Notice for the Prince George area which is under BC Northern that the average home price has gone up and the listings are down. This is what we are seeing on the streets here in Prince George which should make for a very active market in spring.

As of today I am very busy with sales and listings are slow to come by. I believe this makes for a very balanced market now.

Visit my website and click on 'News and Local Info' tab to keep up with what is going on in PG.

I am also now on Twitter and Facebook.


Dean Birks

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