Mid-Summer Market Update




Want to schedule a chat about the market? We can see what your home is worth, what the market’s doing, or anything you want really! Click: bit.ly/3PqzInk

After a very bustling Spring, we commonly see a bit of a slow down in June as the school year ends and summer plans have people away on vacation. We have also recently seen the end of historically low-interest rates, which has stalled some buyers, however, we do not anticipate the rates dropping anytime soon, in fact, they may go up further. The cost to build new homes has increased due to the inflation we are currently dealing with. These factors have led to a shift to a more balanced market here in Fort St John. We may see a small price correction but I do not anticipate it will be anywhere near the correction that will occur in the larger markets, as we did not see anywhere near the same level of average price increases.

With fewer buyers out there I tell my sellers they need to make sure their home is picture perfect for every single showing. Buyers have more to choose from these days so it is important that your home stands out. The number of days on market has slowly been increasing, and we have seen some price reductions across the region.

Now more than ever it will be imperative to work with an agent with a stellar track record and an established marketing machine.

Want to schedule a chat about the market? We can see what your home is worth, what the market’s doing, or anything you want really! Click: bit.ly/3PqzInk

I would love to tell you how my experience can go to work for you!

See below for a comprehensive breakdown of the stats in our region for July!

CURRENT STATS IN OUR REGION

➡️ All Property Types ⬅️

Average Price: $325K
Days on the market: 47
New listings: 74
Sold: 56

➡️ Detached ⬅️

Average Price: $ 392K
Days on the market: 54
New listings: 33
Sold: 27

➡️ Attached ⬅️

Average Price: $ 271K
Days on the market: 84
New listings: 24
Sold: 14

➡️ House w/ Acreage ⬅️

Average Price: $ 395K
Days on the market: 63
New listings: 14
Sold: 4

➡️ Mobile Homes ⬅️

Average Price: $ 205K
Days on the market: 83
New listings: 13
Sold: 11

Year Over Year

New Listings:
July 2021: 95
July 2022: 74

✅ Active Listings
July 2021: 373
July 2022: 321

Sales
July 2021: 71
July 2022: 56

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