Hey Fort St. John Homeowners! Here's what's happening in our real estate market now!

We continue to see a seller's market here in Fort St. John, in a couple of sub-sections of the market more than others.

Prices have been raising the fastest in the $500k-600k range because Inventory is very low there, so we are seeing lots of competition and in some cases multiple offers.

Another sub-section of the market seeing a lot of action is the $300k-400k range. Some buyers have been left a little frustrated in that range, as they are looking for something that was in this range a couple of years ago but is not there now.

I don't see prices going back down anytime soon for a couple of reasons: There are new people moving into town, and rising inflation rates continue to affect the cost of building materials. Additionally, rising Interest rates will also impact the cost of homeownership as we move into mid-2022.

Get the CURRENT value of your home here.

Your Fort St. John Market Update for February 2022

Here is a breakdown of the key market stats based on the type of dwelling:

➡️ All Property Types ⬅️

Average Price: $360,000
Days on market: 53
New listings: 72
Sold: 47

➡️ Detached ⬅️

Average Price: $417,000
Days on market:28
New listings:38
Sold:27

➡️ Attached ⬅️

Average Price: $256,000
Days on market: 69
New listings: 18
Sold: 7

➡️ House w/ Acreage ⬅️

Average Price: $861,000
Days on market: 104
New listings: 2
Sold: 6

➡️ Mobile Homes ⬅️

Average Price: $95,000
Days on market: 55
New listings: 14
Sold: 7

New Listings:
February 2021: 74
February 2022: 72

✅ Active Listings
February 2021: 322
February 2022: 227

Sales
February 2021: 51
February 2022: 47

If you want to know the current value of your home in the market, click this link.

U P D A T E S * O N * S O C I A L

Facebook: facebook.com/EliChiFSJRealtor
Instagram: instagram.com/EliChiRealtor
LinkedIn: linkedin.com//in/EliChiRealtor
Twitter: twitter.com/elizabethchi888

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Welcome to 2022!


Let's talk about housing prices in 2021 over the previous year. We saw increases across all dwelling types in Fort St. John by 8.4% over 2020. 


Let me break it down for you!


All dwelling types

⬆️ 8.4% ave sale price $381,000


Single-detached home

⬆️ 6.7% ave sale price $397,000.


Attached dwellings

⬆️ 2.4% ave sale price $279,000


Homes with an acreage

⬆️ 13.3% ave sale price $604,000



Now, these are the early stages of 2022 and it's a great time to list because inventory is currently low, and many pre-approved buyers are ready before the interest rates rise again. 


If you’d like to learn more about how I can help you navigate through this unique market, give me a call at 778-784-7845 or schedule a call here   https://bit.ly/3CLn9g2



U P D A T E S  * O N * S O C I A L

 

Facebook:  facebook.com/EliChiFSJRealtor

Instagram:  instagram.com/EliChiRealtor

LinkedIn:  linkedin.com//in/EliChiRealtor

Twitter:  twitter.com/elizabethchi888


Read full post