by Christopher Kutyn

Once again this month the trends in the Single Family market are similar in the Comox Valley and in Campbell River. Sales volumes are down, but the average price continues to creep up. Again this month there are modest increases in the number of active listings: 284 in the Comox Valley and 130 in Campbell River.

In the condominium sectors, with the exception of apartment condos in the Comox Valley, inventory levels for apartments, patio homes and town houses remain very low. There is a plus side to these low inventory levels in that a number of multi-family developments are currently under way, in Campbell River, Comox and Courtenay.

Comox Valley

August 2019 VIREB stats

Single Family Dwelling Sales

504, down 14% YTD Jan 1 – Aug 31

686, down 19% 12 MTD In the past 12 months

Average Price

$565,351, up 6% average sale price based on 686 sales

Campbell River

August 2019 VIREB stats

Single Family Dwelling Sales

326, down 8% YTD Jan 1 – Aug 31

459, down 17% 12 MTD In the past 12 months

Average Price

$478,202, up 8% average sale price based on 459 sales

 

“Idealism is fine, but as it approaches reality, the costs become prohibitive.”

William F. Buckley Jr. Author and commentator.

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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