Spring Comes Early!
This month’s statistics, especially in the Comox Valley, point to very active market conditions. Sales volumes are well up over most market sectors. In February there was a 30% increase for Single Family sales compared to February last year. The sale of condominium apartments skyrocketed 194%; 17 sales reflecting a sales volume of $3,000,000. Over the past 12 months, lot sales are up 34% with a 9% increase in the average price to $152,515. It is also significant that sales volumes have increased dramatically in both the improved (19%) and unimproved (35%) acreage market sectors.
The Campbell River market points to a 16% increase in the dollar volume of sales in the SFD market, for the past 12 months compared to the previous 12 months. Sales volumes are down for all types of condominiums, but average prices are rising.
The early arrival of the spring market would appear to bode well for 2015.