⌂ 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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