Apartment Condo Market in HOT Pursuit
Over the past few months, we have been tracking the Single Family market which remains strong in both communities.
In the Comox Valley the sales volume for the month of August was up 66% over August 2015, with a 22% push in the average price to $435,711.
In Campbell River the sales volume was up 99% over the same month as last year, with an 8% increase in the average price to $344,945.
In the apartment condo sector, the Comox Valley was up 69% in the volume of sales over the past 12 months, with a 19 % increase in the average price to $205,253.
In Campbell River sales volumes were up 64%, but the average price was off 11% to $160,601; based on 126 sales.
Increased sales in this market sector is attributable to a strong rental market. Also, it is increasingly difficult to enter the single family market below $1/4 million.
Please be advised:
On September 9th, at 7 pm at the lower level of the Black Fin, Socrates Strikes again!
Imagine: The Reality of John Lennon’s Utopia
Click here to find out more about a great evening with Mary Jo Sharp, author, professor and international speaker from Houston Texas. Refreshments and appies will be served!