|The story this February lies in the significant increase in the dollar volume of sales compared to February last year. Comox Valley is up 20% and Campbell River is up 26%. These increases and low inventory levels have resulted in upward pressure on the average price; Comox Valley up 5% to $379,350 and Campbell River up 7% to $302,110. The 12 month year to date statistics point clearly to a Sellers’ Market with a 71% sell – list ratio in Comox and a 63% ratio in Campbell River.
Make no mistake about it, this is a great time to list. First time buyers are active, triggering movement across all price categories. There are also indications that American buyers are returning. The influence of massive Chinese investment in the Lower Mainland is also becoming evident in our markets.