by Christopher Kutyn

Spring can often trigger real estate market activity, weather we like it or not.

The statistics for the Comox Valley and the Campbell River markets seem to tell slightly different stories this month. March single family sales in Comox were down 41% in dollar volume, compared to last year. The Sell / List Ratio is down last month from 66% to 39%. There are more listings this March; up 31.5% to 225 from 171 last March. It is reported that there is pent up demand. So, maybe, just maybe, pricing is the issue.

The Campbell River March stats reflect a healthy Sell / List Ratio of 74%, and a 10% increase in the dollar volume of sales.  The average price was up 4% to $470,108, compared to the month of March last year.

Overall, both markets continue to offer good liquidity; 48 days (and rising) in the Comox Valley, 32 days (and falling) in Campbell River.

Comox Valley

Single Family Houses Sold

118 31% YTD
715 19% 12MTD
$ 553,547 10% 12MTD

Campbell River

Single Family Houses Sold

95 1% YTD
486 19% 12MTD
$ 461,535 12% 12MTD
"A wise man takes advise"- The Good Book

Christopher Kutyn

Chris has been appraising Real Estate for over 30 years and has served on the board for the local chapter of the Appraisal Institute of Canada.

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