by Christopher Kutyn

Active market conditions persist across many sectors. In the Comox Valley, sales volumes are up in many of the residential sectors. The single family market is up 12 % in the dollar volume of sales for the past 12 months compared to the previous 12 months. The improved acreage sector is up 15% while apartment condos are up 20%, patio homes 32% and townhouses 57%. In spite of these increases, there is only limited upward pressure on average prices. Apartment condo prices remain soft; down 9% to $176,650.
A similar trend is evident in the Campbell River market, with the single family sector up 3%. The dollar volume of sales in all three condominium sectors are up significantly; apartments 45%, patio homes 42% and townhouses 105%. As reported last month, the average price in the apartment sector is well down. This month it is off 20% to $160,631. The other sectors show some upward momentum.

"To be is to do" - Socrates. "To do is to be" - Jean Paul Sartre. "Do be do be do" - Frank Sinatra

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.

Stay up to date with the local market
Sign up for the Market Minute

sign up

We're here to help