One Percent Per Month
In the Comox Valley, the 12 month to date stats point to an increase of 17% over the same period last year. This is very close to the 16% increase in the Campbell River market. In Comox, this increase is based on 893 sales, while in Campbell River there were 598 sales. It is interesting that the statistical data is often borne out as we track repeat sales which confirm a percentage increase of 1% to 1.5% per month. This information applies to the single family market. Naturally there are variations within the market sectors, but it should be noted that in some cases, the percentage increases are even higher.
Earlier this week I completed an appraisal on a new house which featured LP SmartSide Engineered Wood Siding and Trim. Initially, I thought it was Hardi Plank siding. This new product appears to have some advantages over the cement siding. I would be grateful to receive any comments from persons who are familiar with the SmartSide products. – Chris@kutyn.com