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Recently Sold Price History in Terrace, British Columbia
Real estate prices in Terrace, British Columbia have been steadily increasing over the past few years. According to the Canadian Real Estate Association, the average sale price of a home in Terrace in 2020 was $323,000, up from $297,000 in 2019. This is a 8.5% increase in the average sale price of a home in Terrace over the past year.
The average sale price of a condo in Terrace in 2020 was $212,000, up from $193,000 in 2019. This is a 9.8% increase in the average sale price of a condo in Terrace over the past year.
About Terrace, British Columbia
Terrace, British Columbia is a city located in the northwestern part of the province. It is situated on the Skeena River, and is the regional hub for the Northwest region of British Columbia. The city has a population of approximately 11,000 people, and is the largest city in the region.
Terrace is known for its stunning natural beauty, with the nearby mountains, rivers, and forests providing a stunning backdrop to the city. The city is also home to a number of outdoor activities, such as fishing, hiking, and camping. The city is also home to a number of cultural attractions, such as the Skeena Valley Museum and the Terrace Art Gallery.
Terrace is located in the traditional territory of the Tsimshian people, and the city is home to a number of First Nations communities. The city is also home to a number of other cultural groups, including Filipino, Chinese, and South Asian communities.
Terrace is served by the Northwest Regional Airport, which provides regular flights to Vancouver and other destinations in British Columbia. The city is also served by a number of highways, including Highway 16, which connects the city to Prince Rupert and other destinations in the region.
Terrace is a vibrant and diverse city, with a wide range of activities and attractions to explore. From its stunning natural beauty to its vibrant cultural attractions, Terrace is a great place to visit and explore.
Terrace, British Columbia average home prices
The average home price in Terrace, British Columbia is currently $310,000. This is a slight decrease from the previous year, when the average home price was $320,000. The average days on market for homes in Terrace is currently around 60 days, which is slightly higher than the provincial average of 56 days.
The average price of a house in Terrace is slightly lower than the provincial average of $340,000. This is likely due to the fact that Terrace is a smaller city than many of the other cities in British Columbia. Despite the lower average home price, Terrace is still a desirable place to live, with its close proximity to nature and its vibrant downtown area.
