Kutyn property appraisals

Market Minute

Oh! You are ever so strong!

by Christopher Kutyn

The market came roaring back in June.

In the Comox Valley, single family house sales were up 293% compared to last month. Sales were up 56% this June compared to June 2019, with a 16% increase in the average price to $627,920 on 96 sales.

In Campbell River, June sales were up 240% compared to May. Sales were off 2% compared to June 2019. The average price was static at $499,030 on 50 sales.

Within this changing market scenario and mixed market indicators, we note very strong competing interest on some properties. A good Realtor may be your best friend.

Comox Valley, June 2020 VIREB stats

Single Family Houses Sold

287 16% YTD
658 0% 12MTD
$ 590,177 5% 12MTD

Campbell River, June 2020 VIREB stats

Single Family Houses Sold

182 24% YTD
394 17% 12MTD
$ 495,217 6% 12MTD
“ the very idea of freedom presupposes some objective moral law which overarches rulers and ruled alike. Unless we return to the crude and nursery-like belief in objective values, we perish” 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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