Well the fall is upon us and I have a few moments to send out a few stats and my own personal observation of things.
1- I have added here two graphs - one is the Forecast of where things are and going. Since the 2008 economic crash, Prince George/ BC North has done well in slow moderate growth. The other is proof we are in a buyers market and the combination of that and record low mortgage rates adds up to the perfect time to be buying a home. For sure if your renting the cost of a mortgage payment is usually less.
2- To date (2011) here is sales and listings for Prince Georg Real Estate city limits since Jan.1 ,2011. There has been 667 sales vs 692 last year.
3- Presently there are a total of 541 homes listed of all kinds in city limits as of this report. This is on the low end, so if you thinking of up sizing or downsizing now through the fall will be a great time to sell.
Note about selling. I have noticed since the interest rates are low, most buyers have opted not to buy homes that require allot of renovations and updates and rather buy move in ready homes. So if your thinking of selling but may need some renos or updates prior to selling, or just not sure, feel free to give me a call to discuss the best options for you.
Best regards Dean Birks Top Office Producer 2010