by Christopher Kutyn

So what was the over-arching story for 2014?  For the Comox Valley, the Total Dollar Volume of Sales was up 11% to $458 M.  This is the Combined Sales Volume across all market categories, including the commercial and industrial sectors.  In Campbell River, the Dollar Volume of Sales was up 22% to $232 M.  There were 1,442 sales in the Comox Valley and 782 in Campbell River.

There was a strong finish in the Comox Valley for single family house sales where the dollar volume for December was up 29% from last year, to $15.9 M.  The average price was up 14% to $352,382 on 45 sales.  For Campbell River, the single family market was off in December; down 34% in Sales Volume to $5.9 M as compared to $8.9 M last December.  The average price was off 1% to $295, 850 on 20 sales.

On reflection, while there may have been a slow start, 2014 was a good year.  It is our view that wider, global  factors may undermine the prospects for a repeat performance in 2015.

The rights of Man come not from the generosity of the State, but from the Hand of God. ~ John Fitzgerald Kennedy; 20 January, 1961

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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