A report on the Fort St. John-“ Energetic City” reveals that the region's real estate market is looking strong. More and more locals are buying and selling Real Estate of all kinds. The international investor is also taking advantage of increasing property prices. Additional information on the trend can be gleaned from this passage from the article:
In Fort St. John, 626 properties have changed hands so far this year, worth $219.9 million, compared to 671 worth $214.3 million in 2012. 66 properties were sold in Fort Nelson in that time, worth $17.8 million, down from 74 properties worth $22.5million last year. There are currently 413 properties available in Fort St. John and 101 in Fort Nelson, as of the end of September.
In its third quarter release the board says northern regions like Fort St. John is considered a seller’s market, compared to the more southern cities of 100 Mile House and Williams Lake which are in a buyer’s market. Overall sales are up 41 per cent from a year ago, with 3806 properties worth $935 million sold versus 3749 properties worth $865 million at this time last year.
Prices have been increasing every month in Fort St. John, it's the perfect opportunity for buyers to move to the best real estate market in BC. Buyers shouldn't be discouraged by increasing prices, Scott Sauer of RE/MAX Action Realty can find you affordable Fort St. John real estate.
If you have owned Real Estate in Fort St. John for a few years there is a large potential for big profits if you sell. The return on your investment is great and home ownership will reward you. It's important to see homes not just as places to live, but also as a solid investment.
Real estate in Fort St. John is ideal for investors with incredible CAP rate returns of 8 to 9%. According to Scott Sauer from RE/MAX Fort St. John “It is nearly impossible to find cash flow positive rental property anywhere else in BC”. The world’s oil and gas company’s exploration in the area has created a housing shortage. Buyers can't go wrong with a community that is known for its bustling industries. In the foreseeable future huge projects like Site C, and LNG will create even more demand for housing and commercial buildings. A home's value can appreciate very quickly if owners maintain it properly and install improvements. Therefore, investors should carefully consider the opportunity to own Real Estate and enjoy healthy returns on capital investment.
(Article Excerpt and Image From Fort St. John still a seller's market for real estate, energeticcity.ca, October 7, 2013)
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