by Christopher Kutyn

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.

Comox Valley

Single Family Houses Sold

254 12% YTD
987 11% 12MTD
$ 432,170 15% 12MTD

Campbell River

Single Family Houses Sold

160 10% YTD
636 18% 12MTD
$ 362,461 13% 12MTD
Coles Notes version of Younger Next Year: Live Strong, Fit, and Sexy - Until Your 80 and Beyond by Chris Crowley and Henry S. Lodge. 1. Exercise 2. Eat Right 3. Eat Less 4. Have Purpose In Your Life

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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