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HomeNewsHousing prices continue to increase across the Bulkley-Nechako region

Housing prices continue to increase across the Bulkley-Nechako region

Housing prices within the Bulkley-Nechako region have increased since 2019, according to the BC Northern Real Estate Board (BCNREB).

Since 2019, the Smithers region has seen an increase of over $100 thousand.

A total of 105 units changed hands in the Smithers area last year.

The BC Northern Real Estate Board is reporting 261 sales worth $96.8 million in 2021 for the region, compared to 252 sales worth $83.5 million in 2020.

The median value of the 105 single-family homes that were sold in 2021 was $400,000.

68 parcels of vacant land, 53 homes on acreage, 10 manufactured homes in parks and a further 11 on land also changed hands last year.

Meanwhile, in Houston 68 properties worth $15.1 million changed hands in 2021 with a median value of the 37 single-family homes that were sold was $235,000.

In Burns Lake 127 properties with a value of $36.8 million were sold in 2021 compared to 75 sold worth $14.7 million in 2020.

According to the BCNREB, half of the 34 single-family homes that were sold, sold for less than $199,000.

40 parcels of vacant land, 30 homes on acreage and eight manufactured homes on land changed hands last year in the area.

As for homes available as of Dec 31, 2021 there were 37 properties of all types available in Burns Lake, 26 in Houston and in Smithers there were 51 properties available.

Overall across the North, the BCNREB reported 6701 property sales worth $2.4 billion in 2021, which is up from 5083 sales worth $1.6 billion in 2020.

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