Market Minute
Well Guess What…
Prices are up again.
The law of supply and demand is perhaps the simplest economic concept to understand.
The market continues at a torrid pace, but across most sectors, inventories are down; approximately 50% from levels at this time last year. Prices have only one way to go…..up, up and up!
The average single family lot price in the Comox Valley pushed past the $200,000 mark to $201,006 on 66 sales in the past 12 months. This makes Campbell River look like a bargain at $139,605.
