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.”