Market Minute
Most Indicators Up
In the residential sector for the Comox Valley, virtually all market indicators are up. This is especially noteworthy in terms of the Volume of Sales and Average Price. The Apartment Condo market is up 60 percent in the Dollar Volume of sales for the past 12 months compared to the previous 12 months. The average price is up 22% to $213,988.The dollar volume of lot sales is up 46% with a small rise in the average price to $146,782. In the words of one economic Guru, “never underestimate the value of the construction industry to the local economy”.
Most residential indicators are up in Campbell River with the exception of Lot Sales, which is down 46% from last year. In the past 12 months, 50 lots sold reflecting an average price of $113,895. This drop may be attributable to a very active market for the previous 12 month period when 104 lots sold.
