Castlegar real estate market holds steady

Castlegar real estate sales stayed consistent in 2015.

Castlegar real estate sales stayed consistent in 2015.

Derek Sherbinin, broker for Century 21, said sales in the Castlegar area are divided into sales within the city limits and sales in the outskirts of Castlegar, and sales within city limits were actually down by 21 per cent; however, sales on the outskirts were up 35 per cent.

Both number and volume of sales were down 21 per cent within city limits and up 35 per cent on the outskirts, suggesting that the average sale price ($275,000 in 2015 within city limits, and $291,000 on the outskirts) didn’t change very much.

Lorene MacGregor, broker and owner of RE/MAX Home Advantage, said that the average sale of a home went up by about $5,000 this year, but overall that represents less than a 2 per cent increase.

She also said that RE/MAX sold 30 per cent more homes this year that they did last year.

Sherbinin said that houses that sold within city limits in 2015 also sold 10 per cent faster than they did in 2014. The average time to sell in 2015 was 98 days.

“And that’s probably because we had 20 per cent [fewer] listings in 2015 compared to 2014,” he said.

But the overall picture was one of stability and consistency.

“The interesting thing about the Castlegar market in particular is that it’s especially if you took a five or six year snap shot of the market it’s remarkably consistent. So you know, you’ll always have small variations in the market, but no drastic inflation or deflation,” said Simon Laurie, broker for Castlegar Realty.

Laurie said that sales for Castlegar Realty were steady in 2015.

 

Just Posted

Selkirk College students protest proposed tuition increases

Sudents’ union says this year’s 2 per cent increase puts education out of reach for some

Castlegar business owners report highest optimism in 3 years

Two-thirds of survey participants report business security or growth

Former ski champ and MLA’s son hope to open Castlegar cannabis store next month

Felix Belczyk and Ben Conroy are in the approval process for local Spiritleaf outlet

Born 1 pound, 11 ounces, Winlaw premature baby comes home

Indra Greaves was born at the Nelson hospital after just 24 weeks of gestation

Rebels beef up blueline as trade deadline closes

Tyson Soobotin, 18, was playing for the Nelson Leafs, and Elijah Havers, 17, joins the team from the Coyotes in Osooyoos

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

Guide no longer lists milk and dairy products as a distinct food group

Canadian talent abound on newly revamped Vancouver Whitecaps squad

Lineup is full of new faces after the organization parted ways with 18 players over the off-season

Man accused of threatening to kill ‘as many girls as I see’

Christopher W. Cleary wrote he was angry because he’d never had a girlfriend and wanted to ‘make it right’ with a mass shooting

Cannabis-carrying border crossers could be hit with fines under coming system

Penalties are slated to be in place some time next year

B.C. Green leader calls for long-term legislature financial audit

Andrew Weaver says trust in clerk and sergeant at arms is gone

No charges in fatal police Taser incident in Chilliwack

RCMP watchdog concludes no evidence of excessive or disproportionate force was used by officers

Here’s what the B.C. legislature officers are accused of buying with tax payers’ money

Personal trips, purchases, alcohol and more laid out in 76-page report by Plecas

Alberta youth charged over theft of $17,000 in snow equipment at B.C. ski resort

Alberta RCMP recovered $17,000 in skis/snowboards believed stolen from Fernie Alpine Resort Saturday

China demands U.S. drop Huawei extradition request with Canada

Hua said China demands that the U.S. withdraw the arrest warrant against Meng Wanzhou

Most Read