Fort St. John, BC Housing vs the ebbs and flows of Oil Prices.

 

 

With oil dipping back down again it made me want to pull stats for the past decade… I found this very interesting.  We are the only market in BC that increased 2008/2009 for average price of a single family home.

 

Check this out, through good times and bad our market has sustained better than any ;)

 

In 2004 There were 128 transactions of attached dwellings selling for an average price of $96,945 in 49 days with a 96% LP/SP ratio

In 2004 there were 1118 Transactions of detached dwellings selling for an average price of $154,631 in 51 days with a 96% LP/SP ratio

 

In 2005 There were 130 transactions of attached dwellings selling for an average price of $120,722 in 48 days with a 97% LP/SP ratio

In 2005 there were 1060 Transactions of detached dwellings selling for an average price of $187,376 in 48 days with a 96% LP/SP ratio

 

In 2006 There were 136 transactions of attached dwellings selling for an average price of $138,451 in 34 days with a 97% LP/SP ratio

In 2006 there were 1206 transactions of detached dwellings selling for an average price of $233,871 in 42 days with a 97% LP/SP ratio

 

In 2007 There were 126 transactions of attached dwellings selling for an average price of $207,844 in 37 days with a 98% LP/SP ratio

In 2007 there were 1056 transactions of detached dwellings selling for an average price of $278,878 in 48 days with a 96% LP/SP ratio

 

In 2008 There were 206 transactions of attached dwellings selling for an average price of $220,174 in 93 days with a 96% LP/SP ratio

In 2008 there were 1000 Transactions of detached dwellings selling for an average price of $281,528 in 63 days with a 96% LP/SP ratio

 

In 2009 there were 120 transactions of attached dwellings selling for an average sale price $215,393 in 80 days with a 97% LP/SP ratio

In 2009 there were 882 transactions of detached dwellings selling for an average sale price of $286,085 in 74 days with a 96% LP/SP ratio

 

In 2010 there were 150 transaction of attached dwellings selling for an average sale price of $214,022 in 45 days with a 97% LP/SP ratio

In 2010 there were 912 transaction of detached dwellings selling for an average sale price of $290,255 in 78 days with a 96% LP/SP ratio

 

In 2011 there were 170 transactions of attached dwellings selling for an average sale price of $239,794 in 63 days with a 97% LP/SP ratio

In 2011 there were 1122 transactions of detached dwellings selling for an average sale price of 303,117 in 77 days with a 96% LP/SP ratio

 

In 2012 there were 198 transactions of attached dwellings selling for an average sale price of $262,935 in 55 days with a 98% LP/SP ratio

In 2012 there were 1112 transaction of detached dwellings selling for an average sale price of $335,559 in 56 days with a 97% LP/SP ratio

 

In 2013 there were 278 transaction of attached dwellings selling for an average sale price of $299,504 in 44 days with a 98% LP/SP ratio

In 2013 there were 1146 transaction of detached dwellings selling for an average sale price of $359,349 in 49 days and 97% LP/SP ratio

 

In 2014 there have been 252 transactions of attached dwellings selling for an average sale price of $326,604 in 41 days with a 99% LP/SP ratio

In 2014 there have been 1172 transactions of detached dwellings selling for an average sale price of $394,698 in 47 days with a 97% LP/SP ratio

 

From this information, you can see the stablility in the market thanks to the NG and other diversified economic drivers of Fort St. John, BC