by Christopher Kutyn

For the Comox Valley and Campbell River markets, the trends this month are remarkably similar. In the Single Family sector, the sales volumes are down, but average prices are up. In the Apartment Condo sector, despite falling sales volumes, averages prices are also up. In the Comox Valley the average price is up 21% to $286,463 on 254 sales in the past 12 months. In Campbell River the average price is up 14% to $252,123 on 110 sales. In the Townhouse sector, the average price in the Comox Valley is up 15% to $355,229 on 184 sales. In Campbell River the average price is up 18% to $238,465 based on 40 sales. These statistics seem to point to a glorious townhouse development opportunity in Campbell River with virtually no inventory and scope for higher prices.

Comox Valley

Single Family Houses Sold

81 21% YTD
747 17% 12MTD
$ 549,331 11% 12MTD

Campbell River

Single Family Houses Sold

55 5% YTD
484 21% 12MTD
$ 460,064 12% 12MTD
This month, an introduction to Cockney rhyming slang: Whistle and Toot...suit. Dog and Bone......phone. Pork Pies.......lies. e.g. "he's telling a bit of a porky!..."

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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