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HomeNews100 Mile House2021 has been a good year for the real estate market in...

2021 has been a good year for the real estate market in the Cariboo

Sales are up throughout the Cariboo region, and homes are also going for a lot more money.

The BC Northern Real Estate Board says 650 properties have changed hands in the 100 Mile House area in 2021, up from 465 as of the same time last year.

472 properties have been sold so far this year in Williams Lake, which is up from 311, and Quesnel has also seen an increase in sales in 2021 up to 393 sales, compared to 299.

The average selling price of homes is also on the rise.

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A residential detached home in 100 Mile House is going for more than 407 thousand dollars, up from 343 in 2020.

A home in Williams Lake, on average, is selling for about 378 thousand dollars, compared to 333.

And the average selling price for a home in Quesnel is up by around 50 grand to 346 thousand dollars.

 

Cariboo Region:

100 Mile House: So far, this year 650 properties worth $213.1 million have changed hands, compared to 465 properties worth $129.5 million to the end of September in 2020. Half of the 148 single-family homes that have sold, sold for less than $389,900 and took, on average, 53 days to sell. In addition, 248 parcels of vacant land, 152 homes on acreage, 11 manufactured homes in parks and a further 44 manufactured homes on land, as well as 27 recreational properties have sold this year. As of September 30th, there were 277 properties of all types available for purchase through the MLS® in the 100 Mile House area.

Williams Lake: 472 properties worth $155.2 million have sold in the first nine months, compared to 311 properties worth $89.8 million in the same period last year. Of the 182 single-family homes sold to the end of September, half sold for less than $370,000 and these homes took, on average, 36 days to sell. In addition, 64 parcels of vacant land, 28 townhomes, 87 homes on acreage, and 27 manufactured homes in parks and a further 34 on land, have sold this year. At the end of September, there were 174 properties of all types available for purchase through MLS® in the Williams Lake area.

Quesnel: To the end of September, 393 properties worth $112.1 million sold through MLS® compared to 299 properties worth $73.2 million to the end of the third quarter of 2020. Half of the 122 single-family homes sold so far this year, sold for less than $330,000 and took, on average, 47 days to sell. Also changing hands this year were 81 parcels of vacant land, 95 homes on acreage, 16 manufactured homes in parks and 36 manufactured homes on land. At the end of September, there were 148 properties of all types available for purchase through the MLS® in the Quesnel area.

 

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