Real estate sales begin to climb —

MORE PROPERTIES were
sold in the Terrace area for
the first three months of this
year compared to the same
period in 2004, indicate fig-
ures from the B. C. Northern
Real Estate Board.

‘In all, 56 properties
changed hands from Janu-
ary to March, up from 42 for
the year before and the value

~ was also up, from $4.5 mil-
lion in 2004 to $5.9 million.
The number of home

"sales through the ‘Multiple

Listing Service for the same
three months was 36, com-
pared to 26 from January to
March 2004.

Average home. sell-
ing prices also rose, from
$105,468 to $118,573: for
the same time periods.

Remax realtor John Ev-
ans said the busy first quarter
has led prices to stop sliding
for homes in the $100,000
to $150, 000 range and in-
creases for homes above
$150,000.

He also said there’s a
shortage of newer homes in

the ‘price range. of $150, 000 «

‘and over.

Part of ‘that. shortage is
driven by the lack of con-

struction over the past five
Or so years,

“We're getting new peo-
ple — professionals, RCMP

officers — moving in and ~
they’re looking for a newer-

home, one with a basement
and a double garage, close to
schools. Here that means the

Bench and there’s a short- . |

age. When a home like that

comes on the’ market, you

have to get a jump on it right
away;” said Evans.

But the same price sta-
bility or increase isn’t be-
ing felt for smaller or’older
residences of various types
below the $100,000. mark,
he added. * .

“Prices are down for a lot
of trailers and condos and
trailers on land. The reason

. for this is that there are:no

new young people coming
to the area. These are also
the people who tend to leave
to find work and so there is
no demand,” Evans said.
The number of foreclo-
sures has dropped and those

that haven’t sold yet are
ones that need a lot of work, =
he continued. 7

The first quarter sales fig-

ures come after 2004, which

Multiple
Sclerosis

M w Societyof
Canada -

The Terrace Multiple Sclerosis
~ Support Group i is holding a a.

| - Friday, May et e Tpm-Spm_ |
Saturday, May 7" ¢ 10am-1pm
2210 South Kalum

if you would like to donate to our
Groups Sale, phone 635-4809 |

REM LEE Theatre .
May 6th & 7th
at.7:30 p.m.

THE
FOREIGNER

By Larry Shue
_ Presented by |
Centennial Christian School

Centennial Christian School

Produced with permission from Dramatists Play Service

Tickets available at

Misty River Books
and at the door
$10

John Evans
saw 160 single residential

homes sell, a figure that

' matched the total for 2003.

Figures indicate the aver-
age 2004 selling price was ©
$119,019, | slightly lower —
than the 2003 average sell-
ing price of $122,892.

Terrace was one of four

‘ northern centres to have av-

erage prices drop in 2004
compared to 2003. .
Evans warned against re-

lying too much on averages,

saying a drag on homes un-
der $100,000 affect the 2004

average figure.

. And he said the combina-
tion of overall lower prices
and low interest rates mean
first time buyers, the ones

who may have been look-

ing at mobiles or condos in

the higher-priced 1990s, can ”
now, look at larger places, .

Evans added.
“A first-time buyer, for

“instance, can now buy a
. Standard |

.three-bedroom
home in the Horseshoe be-

_ cause of low prices and low —
_ interest rates for $100,000
“to $130,000. It may be older

and although not in perfect
condition, it is possible,” |! he
said.

- Overall in the Terrace
area, 264 properties of all
types changed hands in

2004, a seven per cent bump

over 2003.

That includes raw land, .
commercial/industrial ‘prop- .

erties,, strata units, duplexes,

‘mobiles, recreational prop- °

erty and homes on acreage.
Prince . Rupert proved to

be a real estate sales hot spot”:
‘in 2004 with 220: ‘properties
selling at an average price of
$98,829. That’s compared to
_ an average price of $89,738 °

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on 107 properties in 2003.

Kitimat’s 2004 average
price was $91,327 on 72
sales compared to.. $95,421
on 38 sales. In Kitimat, 15
homes changed hands for
the first three months of this
year compared ‘to eight for
the same period in 2003.

The Terrace Standard, Wednesday, April 27, 2005 - B3

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pulding on success or the future -or any other crime-or. you. know: ‘the Lowest Price
| a, ‘identity. of the’ person or ‘person’ ’s. ~ Per Metre

ones moa unt S responsible for this, or any:other crime

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Do you want to be your own boss
and start your own business?

| Does your business fit into one of these areas 7?

<> Crime. Stoppers would like to: hear
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Crimestoppers offers a cash reward of up to $2,000.00 for Information
leading to the arrest and charges being laid against this‘ or any other
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drop into the TRICORP office, located at 344 W. ond
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Fax: 250-635-3288
4635 Greig Avenue, Terrace, B.C. (Next To SAAN)

Apply online at: http: i www. abe-eaci C.8C.ca.

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~ ey yw, - an Sam _ ~s ~~ n, Dares Lao ee ee e mo, on are