Mixed results for housing markets in Quesnel, Williams Lake and 100 Mile this year

The housing market in the Cariboo has varied so far in 2024.

Numbers released by the BC Northern Real Estate Board show an increase in the number of sales in Williams Lake through September 30th of this year, 115 compared to just 90 through September of 2023.

The average selling price of a single detached house is $474,488 so far this year, down slightly from $476, 210 in 2023.

Sales are down in both Quesnel and 100 Mile House through the third quarter of this year.

There were 101 sales in Quesnel through September 30th of this year, down slightly from 105 the previous year, while the drop in 100 Mile House was from 102 to 90.

The average selling price in Quesnel through 9 months this year was $391,178, which is down from $396,749.

For 100 Mile, prices have actually increased to $520,072 on average compared to $501,063 a year ago.

Seasonally adjusted sales were down in Williams Lake, Quesnel and 100 Mile House in the third quarter, compared to quarter number two.

Homes so far this year have taken an average of 44 days to sell in Williams Lake, 54 in Quesnel, and 70 days in 100 Mile House.

Regional Synopsis:

Cariboo Region:

100 Mile House: So far, this year 284 properties worth $133 million have changed hands, compared to 292 properties worth $121.5 million to the end of September in 2023. Half of the 90 single-family homes that have sold, sold for less than $469,950 and took, on average, 70 days to sell. In addition, 56 parcels of vacant land, 74 homes on acreage, 10 manufactured homes in parks and a further 24 manufactured homes on land, as well as 20 recreational properties have sold this year. As of September 30th, there were 486 properties of all types available for purchase through the MLS® in the 100 Mile House area.

Williams Lake: 338 properties worth $149.5 million have sold in the first nine months, compared to 277 properties worth $104.5 million in the same period last year. Of the 115 single-family homes sold to the end of September, half sold for less than $465,000 and these homes took, on average, 44 days to sell. In addition, 26 parcels of vacant land, 23 townhomes, 82 homes on acreage, and 39 manufactured homes in parks and a further 30 on land, have sold this year. At the end of September, there were 230 properties of all types available for purchase through MLS® in the Williams Lake area.

Quesnel: To the end of September, 260 properties worth $92.7 million sold through MLS® compared to 244 properties worth $82.4 million to the end of the third quarter of 2023. Half of the 101 single-family homes sold so far this year, sold for less than $380,000 and took, on average, 54 days to sell. Also changing hands this year were 35 parcels of vacant land, 54 homes on acreage, 23 manufactured homes in parks and 26 manufactured homes on land. At the end of September, there were 246 properties of all types available for purchase through the MLS® in the Quesnel area.