Kutyn property appraisals

Market Minute

Steady Upward Pressure on Price

by Christopher Kutyn

Steady Upward Pressure on Price
The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is quite active, even aggressive at times.

In spite of low inventory, pricing is still important.

Lifestyle considerations figure large in buying decisions, and this bodes well for Vancouver Island.

Note to Readers: The Real Estate Board has introduced a new system called Matrix. The interface on the statistics changed this month, and we hope we have been consistent in our analysis.

Comox Valley, August 2020 VIREB stats

Single Family Houses Sold

458 1% YTD
634 3% 12MTD
$ 601,913 5% 12MTD

Campbell River, August 2020 VIREB stats

Single Family Houses Sold

269 14% YTD
382 10% 12MTD
$ 512,840 6% 12MTD
“Of all tyrannies, a tyranny sincerely expressed for the good of its victims may be the most oppressive.” C.S. 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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