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Fort St. John real estate prices still continue to rise. In 2012, growth in the local real estate market pushed average home prices up a remarkable 10 percent. This was followed by more growth in 2013 that further extended the price trend’s upward surge. Surprisingly, this isn’t deterring buyers, who continue to snatch up properties almost as quickly as they can be built.

Commercial Property Sales in Fort St. John Brisk, May Surpass Supply

Despite the increase in real estate prices, property sales haven’t slowed down, and now commercial land and buildings are in extreme short supply. Entrepreneurs are coming to the city with the intent of opening industrial service companies to support the gas extraction and production industries working on the Montney Formation. Unfortunately, most are simply not finding any buildings to buy or rent.

Similarly, the desperate lack of restaurants in Fort St. John is proving difficult to fill. Despite restaurateurs’ best efforts to open new locations in the city, the lack of suitable commercial spaces is leaving many disappointed.

Thankfully, however, the construction industry is responding to the shortage. According to an article from the city’s local news provider, Energetic City, the number of building permits issued this year stands at double the figure posted during the same time in 2013. As would be expected, commercial developments took the lion’s share of the pie:

"The value of construction in Fort St. John continues to forge ahead of last year’s pace, as 30 permits issued last month, added up to $18.7 million.

Six of the permits were for commercial developments, including the construction of a new hotel on the Alaska Highway, and they represented the biggest slice of the total value, at 11.7 million.

The April total nearly doubled the total for the same month last year, which was 9.8 million, and was also generated from a total of 30 permits."

The shortage in supply is working to the advantage of real estate investors, however. The capitalization rate on commercial properties stands just north of 8.5 percent, treating investors to the promise of great returns. Lagging just slightly behind, residential properties are similarly attractive, with the cap rate for rental houses and duplex homes topping a respectable eight percent.

With real estate in Fort St. John in such high demand, the market for commercial property investments is expected to be bullish, a boon for early investors who are able to purchase property from a reliable REALTOR®, like Scott Sauer.

(Source: Building permits already double this time last year in Fort St. John, Energetic City, May 6, 2014)

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Sell your home for More!

 

Home sellers feel at ease working with an experienced real estate consultant like me, because we review all the data together, including how often an overpriced home drops in price before selling and how long it stays on the market. Buyers don’t make offers on overpriced homes. If a home is underpriced, it will likely get multiple offers that drive the price up. In fact, deliberately under-pricing is a strategy some sellers choose to create an auction effect to get a higher price in less time.  Let me sell your home faster and for more money.

 

 

 

Mortgage Advice 

There is more to a mortgage than just the interest rate.  Protect

yourself, and choose your new mortgage with the lowest pay out penalties and interest rate. If you need to sell your home or change your mortgage for any reason during the term of your mortgage this will save you $1000’s.  The two most common pay out penalties are “3 Month Penalty” or “Interest Differential”.  3 Month Penalty- The bank or financial institution that holds your mortgage charges you the equal amount of the interest you would pay over a 3 month period.  “Interest Differential”- The bank or financial institution that holds your mortgage has a formula that takes into consideration the interest rate your mortgage is at and the current posted rate.  The amount is always more than the “3 month penalty”.  The difference is $1000.00’s of dollars.  If you have questions about your home or your mortgage please call me at 250.794.1515 or email me at scott@scottsauer.ca  

 

9607 98 Ave

4 bedroom, 2 bathroom with a double attached garage 25' x 26' home has large principal rooms and a fully finished

basement. The kitchen features oak cabinets. The basement is the perfect family room plus a pool table and games area. It's a beauty!

 

Garrison Landing

1/2 Duplex 1630 sq ft, three bedroom, 3 bath home this summer. Large corner lot with access to the rear yard, top quality construction by VLS Quality Builders & located in extremely popular Garrison Landing.Purchase price includes10 year warranty & GST.

 

Whispering Winds

Architecturally designed executive 2 story home. featuring walnut hardwood flooring, a beautiful walnut chefs

kitchen, 3 fireplaces, 3 decks, dream ensuite, a large backyard. Basement has finished 4 pc bathroom. Call or text

Scott (250) 794-1515.

 

Whispering Winds

Architecturally designed executive 2 story home. featuring walnut hardwood flooring, a beautiful walnut chefs kitchen, 3 fireplaces, 3 decks, dream ensuite, a large backyard. Basement has finished 4 pc bathroom. Call or text Scott (250) 794-1515.

 

PRICE REPORT

More good news! Take a look at the numbers.  The Average home price year to date in F.S.J. is up $26,531.  This is absolutely amazing news for home owners.  If you are considering buying a different home, I can help.  Let me connect you to my team of industry experts that will make your Selling and Buying process a snap.  

 

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New Listings?  Or Be the first to know.

I can email you all the new listing and sold prices for all the homes in FSJ and surrounding areas listed by any Real Estate Company.  That’s right!  You can receive all the listings from all the different companies before they reach MLS®.   Get the inside scoop on the hot Real Estate market.  Contact me with your areas of interest and I will do the rest. You can cancel or alter your Real Estate Market Watch at any time with no obligation, simply click unsubscribe or email me your new criteria.  Call/text or email me with your areas of interest and Be the First to Know!

 

 

 Renovations for selling?

This is one of the most common questions I receive when talking to a home seller.  Amazingly the answer is different for every seller.  The reason being is that no two homes are the same.  Based on the unique features, condition and location of your home I will give you the right advice.  We will discuss each room and if any changes or improvements should happen.  Painting your main rooms and cleaning could add $10,000 to your home price.  This strategic review of your home will ensure the best features of you home are show cased when buyers view your home online or in person.  Remember you only get one chance to make a great first impression with buyers. Call or text me now to take advantage of my unmatched marketing strategy 250.794.1515

 

9414-9416 99 Ave

Sold in 3 Days! Full Duplex with incedible cash flow, $5200 a month.  50' x 155' lot, lots of off street parking and fresh paint through out.  Call me today to find another "ATM" investment property.

 

Kin Park

3 bed, split level with updated kitchen, large dining area, hardwood through most of main & top floor. Sitting room & huge rec room overlooking the private backyard for your kids play in, this spring enjoy a day on the huge deck

 

Fully Renovated

Ready for you to move right into. This crisp and clean home is perfect for you. New Windows, Flooring in all the rooms, the new furnace will is energy efficient to save you money and keep you warm. The kitchen is updated with new cabinets. Bathroom is new everything!

 

Charlie Lake

Live by the Lake and enjoy the beauty of peace and quite of lake front living!  Meticulously maintained home with lots of upgrades, 30 yr shingles, Hot water tank.  Inside has new flooring and is architecturally designed Post and Beam construction to give you the large open floor plan. 

 

Population growth linked to home prices


Fort St. John is leading the Northeast in projected population growth.  According to Stats BC the province is forecasting for double the population growth in FSJ compared to Dawson Creek over the next 20 years.  Fuelled by mega projects like Site C, LNG Exploration, drilling and pipe line work.  Home prices are up 18% in the last 3 years, prices are sure to continue increasing at an unprecedented rate based on the information at hand.  If you are considering making a move, the sooner the better! 

 

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