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HomeNewsProperty sales down but prices up in the Cariboo so far this...

Property sales down but prices up in the Cariboo so far this year

Property sales were down substantially in the Cariboo through the first three months of this year.

The biggest drop was in the 100 Mile House area.

The BC Northern Real Estate Board says there were 57 properties sold through March of this year, down from 138 at the same time last year.

Williams Lake had 52 sales through March of this year, down from 106, and Quesnel saw a decline as well from 79 down to just 48.

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The number of homes available through the Multiple Listing Service are almost triple what they were a year ago in Quesnel and 100 Mile House, and more than that in the Lake City.

Average selling prices continued to go up in 2023 however.

There was a big jump in Williams Lake to $505,900 in March of this year, from $416,590 in March of 2022.

A residential detached house sold for $369,272 in Williams Lake in March of 2021.

The average selling price in 100 Mile was $441,782 this year, up from just under 424 thousand last year, and the average price tag for a home in Quesnel edged up from $352,761 in March of 2022 to $354 thousand and change in March of 2023.

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