Home sales up in province; picture more mixed in NB

Up for year in NB but down for the month of March

The Saskatchewan Realtors Association is reporting that home sales across the province are outpacing the market from March.

But in North Battleford and region the story is more mixed.

article continues below

The organization is reporting sales in North Battleford were down were down 6.5% (down from 31 to 29), but went up 150 percent in Meadow Lake from 2 to 5 , and up 22.7 percent in the overall region, going from 66 to 81.

Despite the drop, sales in North Battleford were 28.3 percent above the five-year average and 18.9 percent above the 10-year average

Meadow Lake sale were 31.6 percent above the 5-year average and 8.7 percent above the 10-year average, while in the larger region sales were 47.3 percent  above the five-year average and 39.2% above the 10-year average.

For North Battleford, year to date sales are up 52.9 percent over last year, from 51 to 78, and up in the larger region from 118 to 190.

Sales volume was up 45.4 percent in North Battleford from $5 million to $7.3 million this year, and in the region sales volume was up 84.3 percent  from $11 million to $20.3 million.

Year to date sales volume in North Battleford was $17.1M, up 114.2 percent, while sales volume was $5 million in Meadow Lake and $44.3 million in the larger region.

New listings rose in North Battleford from 45 to 60 in March, and went from 117 to 176 in the region.

Across the province, there were 1,719 homes sold in March, up over 85 percent from last year. Sales are up for the year from 2,208 to 3,795 while new listings were up over 41 percent in March and 13.9% year-to-date. Inventories were also down in 23 of the 24 markets tracked by the association.

“We’ve never seen a March like this before” said Chris Gbekorbu, Economic Analyst in a news release. “In fact, we typically don’t see this level of sales until at least May, and until June of last year, we hadn’t seen this level of sales since May of 2014.”

© Copyright Battlefords News Optimist