Similar Trends Prevail
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.