by Christopher Kutyn

The MLS statistics for the Single Family market in both areas have Sell/List ratios in excess of 60% pointing to a ‘sellers market’.   It is noteworthy that the upward pressure on price appears to have been eliminated in the Comox Valley market; a 1% increase in the average price on 814 sales over the past 12 months.  There has been upward pressure in Campbell River where the average price is up 5%.

In the Apartment/Condominium sector, the average prices are down; 14% in the Comox Valley and 18% in Campbell River.  Our analysis indicates that the market in Campbell River is balanced, but even with a Sell/List ratio of 64%, prices are falling in the Comox Valley.

 

"My first rule for success is Show up on Time. My No. 2 Rule for success is follow Rule No.1." "If your life sucks, it's because you suck" "Quit your sniffling" "join the real world. Go to school, or get a job." "Get off of welfare. Get off your butt." ~ Chief Clarence Louie, South Okanagan Osoyoos Band

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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