by Christopher Kutyn

With active market conditions and low inventory levels in the single family sector, this is a great time to list!  In the Comox Valley the number of active listings is down 22% compared to last year.  The Campbell River market is down 8%.  Sales volumes are up 16% in the Comox Valley and 9% in Campbell River.

This may be part of the reason for the surge in lot sales in these municipalities; Comox Valley and Campbell River are both up 20%.

Most multi-family indicators reflect increased sales volumes and lower inventories.  Development pressure in this sector may be fueled by a very strong rental market.

 

"You can't get a cup of tea big enough or a book long enough to suit me" ~ CS Lewis

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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