Yukon’s real estate market continues to grow

Yukon's real estate market grew for the third straight quarter this year, totaling $85.6 million in transactions.

Yukon’s real estate market grew for the third straight quarter this year, totaling $85.6 million in transactions.

That’s an increase of 12.6 per cent, or $9.6 million, over the same period of time in 2014, according to the Yukon Bureau of Statistics.

Just over $67 million of those sales were in Whitehorse, while $18.5 million were in the rest of the territory.

Single-detached homes in Whitehorse became slightly cheaper in the third quarter of 2015.

The average price was $419,700, compared to $428,000 the previous quarter.

Granger homes had the highest average sale price at $522,000 while downtown homes had the lowest at $329,400.

The average price of a single-detached home in a country residential area – Wolf Creek, Pineridge, Mary Lake, MacPherson and Hidden Valley, for example – continued to fluctuate dramatically.

The price went from $458,900 in the first quarter of 2015, to $529,600 in the second and back down to $471,600 in the third.

It became slightly more expensive to purchase a condo or a duplex in July, August and September.

The average price of a duplex increased to $310,600, up from $302,600 in the previous quarter.

But that didn’t affect duplex sales, which were up for the third straight quarter totaling $4.7 million.

The average condo price was $318,100, an increase of $4,600 over the previous quarter. More condos were sold in the third quarter (50) than in the second (45).

A total of 205 real estate transactions were made in Whitehorse during the third quarter, representing an increase of 68 transactions over the same period of time last year.

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