Well winter made a nasty return in February and that famous four letter word "SNOW" was the topic of conversation for the month! On the housing front, residential home sales remained strong and consistent with February 2018. The number of homes sold for February 2019 was 13 for Grand Forks and Christina Lake. The average price for a single family homes in Grand Forks and Christina Lake for February was $287,500.
The average price for single family homes on acreages was $353,750. Due to the number of listings sold, the average price can be skewed as the data can be limited. Overall the price for a single family home was up 5.7% and 3.4% for single family homes on acreages in Grand Forks and Christina Lake.
Overall the market is in good shape and prices are remaining strong with stable growth rates in comparison with 2018. The spring market is just around the corner and it will be exciting to see how things shape up as it always is an exciting time. Not to mention, the melting of snow and the greening up of our surroundings!
Please note all statistical data is provided courtesy of the Kootenay Real Estate Board.