Whitehorse Daily Star

One hundred single-detached homes sold in third quarter

Nearly $90 million was spent on Yukon real estate between July and September 2016.

By Stephanie Waddell on January 13, 2017

Nearly $90 million was spent on Yukon real estate between July and September 2016.

Data released recently by the Yukon Bureau of Statistics show a total of $89 million being spent in the third quarter of last year on homes, land, commercial and industrial properties.

Of that, $71.3 million was spent in Whitehorse, with the remaining $17.7 million expended elsewhere around the territory.

That represents an 8.6 per cent increase over the third quarter sales from last year, when those purchasing property in the Yukon spent a combined total of $81.9 million.

Whitehorse saw 100 single-detached homes sold, with the average price at $425,200. That compares with an average price of $419,700 for one of the 79 that were sold in the third quarter of 2015.

Meanwhile, the average price for all other types of residential property dropped.

The largest decrease was in residential lots, with the average price falling by $18,500, from $178,500 to $160,000. Sales rose, by just one from four to five.

The price of condos also saw a dramatic decrease, with the average price going down from $318,100 to $305,800. The number of condos sold, meanwhile, rose by three, from 50 to 53.

There were four fewer mobile homes sold at just seven in the third quarter compared to 11 in the same period of 2015. The average price went down in 2016 from $218,000 in the third quarter of 2015 to $215,600.

Finally, on the residential front, sales of duplexes also slumped considerably, with just eight being sold in the third quarter of 2016.

In that same period a year earlier, 15 changed hands with the average price at that point being $310,600, a total of $2,700 more than the average price of $307,900.

As for commercial properties, a total of five were sold in the third quarter for an average price of $921,000. Figures for the third quarter of 2015 are being withheld due to confidentiality.

No information on industrial property sales are available for the third quarter of 2016, also due to confidentiality.

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