The city's real estate market was considerably slower during the final quarter of 2010.
In all 149 single-family homes were sold for an average $232,021 each from the start of October to the end of December, adding up to $35.6 million in total revenue, according to numbers released today by the B.C. Northern Real Estate Board.
That's down from 187 homes going for an average $246,9606 during the fourth quarter of 2009, amounting to $46.1 million.
In fourth quarter 2008, 146 homes went for $232,084 on average, adding up to $33.9 million and in fourth quarter 2007, 217 were sold for an average $243,649, adding up to $52.9 million.
For the year as a whole, 782 single-family homes sold for $240,667 on average, working out to $188.2 million. By the end of 2009, 828 homes went for $235,394 each, or $194.9 million.
For 2008, the totals were 861 sales for $240,571 each and $207.1 in total and 1,083 sold for $243,649 each and $260.2 in total.
