Real estate market rises

Written by Citizen staff
Thursday, 11 June 2009

Northern B.C.'s real estate market saw a strong upswing last month.Homes in the region, which stretches from 100 Mile House to the Yukon border, sold for an average of $225,530 in May, a monumental $27,339 jump from the month before.

Likewise, the number of sales stood at 349, or 78 more than in April, adding up to sales of $78.7 million in May compared to $53.7 million one month before.The figures, provided by the B.C. Real Estate Association on Thursday, reflect what B.C. Northern Real Estate Board director Gary Shannon has been seeing in Prince George."Things have definitely picked up," he said. "All the realtors are out of the office. I was out all morning showing to clients from out of town."Shannon credits the upswing in part to seasonal factors, but also to low mortgage rates.


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