by Elizabeth Chi
on Thursday, September 13th, 2018 at 6:22pm.
Purchasing a home for the first time can be overwhelming for any new buyer. This is why it is so important to review your financial history and know your affordability before you begin the home buying process. Fort St. John properties are constantly changing in price and since purchasing a home will most likely be your largest investment you will ever make, it is important to be up to date with the current residential market trends.
So, to help you get started, your local realtor, Elizabeth Chi, has listed the most current market update for the Fort St. John area.
From January 2017 to June 2017, there were 114 single, detached family units sold, which is approximately 25% less from the number of homes sold in the first half of 2018. The average price for these homes sold at the beginning of 2017 was $405,044, which is 11% higher than the 2018 average price.
According to the Alaska Highway News, the real estate in Fort St. John has been fairly constant since the beginning of 2018. From January 2018 to June 2018, there were 243 units solid that were worth a total of $90.1 million. Amongst those units sold, 151 were single, detached family homes that spent an average of 84 days on the market. The average sale price for these homes was $364,635.
Since housing prices in Fort St. John have not increased in price since January 2018 and prices remain stable, now would be an excellent time to purchase a home in the area before the prices go back up as the economy continues to pick up. Contact your local realtor for more details on Fort St. John homes for sale.
It is inevitable that housing prices are going to rise in the future, so, before they do, lock in a rate now with your local mortgage broker. If you are not working with a mortgage broker yet, please contact Elizabeth Chi for her recommendations.
If you would like to know more information on the current market trends or would like to learn about real estate in Fort St. John, please contact Elizabeth Chi at 778-256-2888.