Whitehorse Daily Star

Average price of single-detached home fell

The average Whitehorse house sale price rang in at $423,300 between April and June of this year, an increase of $16,000 from the previous quarter.

By Stephanie Waddell on November 25, 2016

The average Whitehorse house sale price rang in at $423,300 between April and June of this year, an increase of $16,000 from the previous quarter.

The figures are part of the most recent numbers released by the Yukon Bureau of Statistics.

The average price of a single-detached home in Whitehorse, the data show, has dropped from $428,000 to $423,300.

A total of 84 were sold in the second quarter of the year, compared to 74 the year before.

There were also more sales for other types of housing in Whitehorse.

The number of duplexes sold doubled from seven in the second quarter of 2015 to 14 in the same period of 2016. The average price moved from $302,600 to $318,200.

A total of 50 condos sold in the second quarter of this year compared to 45 a year earlier.

The average cost dropped slightly, from $313,600 to $313,300.

Four more mobile homes were sold in the second quarter of 2016 from a year ago.

Fourteen sold, with the average price rising from $229,600 to $251,700.

Residential lots (excluding those sold by government) totalled just three in the second quarter of 2016, half of what the figure was in 2015.

The average price fell substantially, from $169,000 to $107,200.

Meanwhile, on the commercial side of things, just seven commercial properties were sold, for an average price of $1.7 million.

That compares to the 15 commercial sites sold over the same period last year, for an average $692,600.

A total of three industrial properties were also sold in the second quarter of this year for an average price of $362,300.

Industrial lot sale figures from the same period for 2015 have been suppressed for confidentiality, the report says.

Collectively, close to $90 million was spent on real estate in the territory between April and June.

Of the $89.1 million spent in the territory in the second quarter, $72.5 million was expended in the capital city, with the remaining $16.6 million spent around other parts of the territory.

That represents an increase of $15.3 million in how much was spent on real estate a year earlier, when $73.8 million was spent.

Comments (5)

Up 24 Down 2

too much on Nov 28, 2016 at 3:40 pm

@ Bud -- also, maybe it's because I don't want to spend more than I can afford. Ever think of that?
I wonder how many people with these heinous mortgages can actually afford them or if they are doing it because they feel they have to and are in debt to the bank for 30 years...

Up 16 Down 3

too much on Nov 28, 2016 at 3:38 pm

@ Bud -- Actually I work a full time job and have been working full time for 20 years. And at times, have had a second or third job..
But thanks for jumping to conclusions.

Up 10 Down 19

Bud McGee on Nov 28, 2016 at 1:41 pm

@too much - It's probably because they work, and you don't? Just guessing.

Up 19 Down 0

too much on Nov 28, 2016 at 12:23 pm

It's still WAY too much. How do people afford these houses and the annual tax & utility fee hikes every year?

Up 18 Down 2

Thomas Brewer on Nov 25, 2016 at 3:47 pm

Thanks for the press release... where's the article?

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