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teammorse.ca

November 2019 Issue
Mike Morse
November Newsletter

Hi Everyone

We’re into mid-November, the days are shorter and our market has been strong the past couple of months. We are now officially ahead of our numbers for 2018.  Please see our “What’s Our Market Doing?” section below.

Since our last newsletter, Taylor Bachrach won the election for MP in the Skeena Bulkley Valley region:

Play-by-play: Bachrach new MP for Skeena-Bulkley Valley, all 219 polls reported

Here are some City related news articles:

Council briefs: City borrows $450K for Vactor Truck, ferry resident rate motion passes

Council Briefs: Cunningham puts “resident rate” for transportation on table

There has been more water quality controversy:

City of Prince Rupert says “water worse than Flint” data is misrepresentative

In late October, three Northwest B.C. mayors shared the stage at the Nation2Nation conference to discuss how municipalities and First Nations can work together to manage the impacts of multi-billion dollar industrial developments:

Northwest B.C. mayors join in Terrace to discuss impacts of growth

The Prince Rupert Port Authority (PRPA) is investing more than $161,372 in five salmon enhancement and sustainability projects:

Prince Rupert Port Authority announces $161K and first projects in new Skeena River salmon program

Next month’s newsletter will bring us close to Christmas (yikes!).  Until then, don’t hesitate to contact us if you would like more information about market conditions, or if you have any other Prince Rupert or real estate related questions.

Thank you.

Mike & Nikki Morse, REALTORS®

Mike Cell: 250.600.6620
Nikki Cell: 250.600.4650

RE/MAX Coast Mountains

info@teammorse.ca

WHAT’S OUR MARKET DOING?

Prince Rupert (& Area) Real Estate

September was a busy month, and based on the pace we felt in October, we’re not surprised that October’s sales were high, also. As of October 31, our dollar volume in sales surpassed last year by $4,582,730. That’s great news for our market, considering that most of 2019 has been slower than 2018. The belief in our city is getting stronger, and so is the number of qualified buyers.

SALES (all types):
# of sales in October 2018 – 13
# of sales in October 2019 – 22

YEAR-TO-DATE SALES (all types)
As of October 31, 2018 – 171
As of October 31, 2019 – 169

TYPES OF PROPERTIES SOLD IN OCTOBER 2019:
1- land
1 – apartment unit
1- half-duplex
1 – townhouse
18 – houses

NUMBER OF ACTIVE LISTINGS (all types):
As of October 31, 2018 – 180
As of October 31, 2019 – 140

AVERAGE SALE PRICE OF A HOUSE (YEAR-TO-DATE)
As of October 31, 2018 – $ 290,811
As of October 31, 2019 – $ 301,171

TOTAL SALES OF ALL TYPES (YEAR-TO-DATE)
As of October 31, 2018 – $ 45,929,850
As of October 31, 2019 – $ 50,512,580

The stats are based in whole or in part on information supplied by the BC Northern Real Estate Board for the period January 1, 2018 through October 31, 2019.

Draft-Proofing Your Home From Winter Winds

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Did you know that draft-proofing your home can not only help you have a cozier winter but also lower your energy bill? Drafts can occur when there are unsealed openings to the outside that let your warm air out and nature’s cold air in. As we enter increasingly colder months, those irritating drafts and inflated heating bills can make for an uncomfortable winter.

For the most part, draft-proofing your home is a surprisingly easy fix that can make a world of difference. Windows and doors are the most common places to find drafts, but you can also find them in attics too. Weatherstrips are an inexpensive fix that can help you seal the edges of doors and windows from the cold. If you have a particularly drafty door, a new door sweep is another great option that is worth looking into. Whichever route you take, your heating bill is sure to thank you!

Local Events

Kaien Island Craft Fair
Jim Ciccone Civic Centre
November 15th and 16th
Powder Pig Jig
Fisherman’s Hall
November 16th from 9pm to 1:30pm
Winterfest
December 6th to 7th

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage. All information was current on Nov 15, 2019.


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