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January a sluggish month for property sales in Princeton

Three homes were purchased, with an average sale price of $201,667
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Three homes in the area were sold in January. (File photo)

January was a sluggish month for property sales in Princeton and area, according to data from the Association of Interior Realtors.

Three homes were purchased, with an average sale price of $201,667. That’s compared to five homes during the same month the previous year with an average sale price of $380,800.

The report covers Princeton, Coalmont, Tulameen rural Princeton and Hedley.

Local realtor Judy Klassen, with Century 21 Horizon First Realty, said the numbers aren’t indicative of a decline in the market, particularly as they reflect a narrow window.

“January is difficult overall…We do better in Princeton when the snow disappears,” she told the Spotlight.

“This doesn’t predict the year.”

Klassen acknowledged that interest rates may be a factor in the market, but pointed out listings are up, and there are presently 87 properties for sale in the area.

Eleven new properties were listed in January.

“That’s alway a good sign,” she said.

“And there are still a lot of people out there looking.”

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Andrea DeMeer

About the Author: Andrea DeMeer

Andrea is the publisher of the Similkameen Spotlight.
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