by Christopher Kutyn

The statistics indicate that for both the Comox Valley and Campbell River the number of units sold is down compared to last year. However, average prices are up 19% and 18% respectively and inventory levels are low. Two years ago there were 257 single family dwellings for sale in the Comox Valley, and now there are 170. In Campbell River there are 89 houses for sale at this time.

Last month we highlighted the ‘the perfect storm’ whereby supply is tight and there is aggressive demand. The government is taking some steps to tinker with the demand side. In our view much could be accomplished on the supply side by simply getting out of the way.

Comox Valley

Single Family Houses Sold

840 15% YTD
873 16% 12MTD
$ 487,861 19% 12MTD

Campbell River

Single Family Houses Sold

584 6% YTD
615 6% 12MTD
$ 405,456 18% 12MTD
"God Almighty has set before me two great objects: the suppression of the Slave Trade and the reformation of manners" - William Wilberforce

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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