Myles Armstead

Call/Text Me Anytime: 1.250.702.2708 | Myles@ComoxValleyHome.ca

Comox Valley Real estate fast facts #2

⌂  Houses make up 55% of the 615 residential properties currently offered for sale (condos – 39%, mobiles - 2%, duplexes – 4 %.)  The current active inventory of all properties is 1012, a 16% reduction from November, 2014.

 

⌂  If you bought an average home in Cumberland in 2005 you paid $177,333.  Today’s price is $295,769.  The largest local current average sale price differential is between the old City of Courtenay ($287,973) and Crown Isle ($518,110).

 

⌂  YTD in 2015, 38 houses have sold for less than $200,000.  In all 2014 – 35.   In 2013 – 47, in 2012 – 37, in 2011 – 36, in 2010 – 29, in 2009 - 37.  There were ten residential sales over $1 million in 2008.  In 2009 – three, in 2010 – one, in 2011 – two, in 2012 – none, in 2013 – five, in 2014 – six and YTD 2015 – four.  The 12 month median price (half sales above, half sales below) is $348,000.

 

⌂  The YTD residential sales pattern in the Comox Valley shows that 38% of all single family dwelling sales occurred between $250,000 and $350,000. The October list/sell ratio was 85% and listings sold for 95% of asking price in 86 days.  The average price of sales completed during the month was $340,689, a drop of over $56,000 from sales in the month prior.

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