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The monthly Campbell River Market Update for January 2020 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area in January was $437,300, an increase of four per cent over last year. Trend wise, inventory is tightening again, which is one of the factors behind weaker sales. Reports show there is keen interest among buyers. However, reduced purchasing power due to Guideline B-20 and limited supply in their price range are pushing them to the sidelines. The stress test is compressing more demand into our mid- and lower-priced property market. Lack of inventory in that price range is certainly curtailing some buyers from moving ahead with their home purchase. Unfortunately, without new construction, this gridlock may just be the new normal.” says Kaye Broens, 2019 VIREB President.
Source: Vancouver Island Real Estate Board – MLS® Statistics
Single Family Homes | |
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The Average Sale Price this year ↑ increased by 7% ↑ from last year. This year’s Average Sale Price was $488,204. There are 8.29 Months of Inventory of Single Family in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 116 Active Listings. There were 45 units listed and 14 units sold. PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage. |
Lots | |
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The Average Sale Price this year ↑ increased by 1% ↑ from last year. This year’s Average Sale Price was $225,883. There are 6 Months of Inventory of Lots in Campbell River. It is currently a Soft Buyers Market. This month’s Inventory increased to 6 Active Listings. There were 2 units listed and 1 units sold. |
Apartment Condos | |
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The Average Sale Price this year ↑ increased by 10% ↑ from last year. This year’s Average Sale Price was $275,154. There are 6 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Soft Buyers Market. This month’s Inventory increased to 18 Active Listings. There were 9 units listed and 3 units sold. |
Patio Condos | |
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The Average Sale Price this year ↑ increased by 9% ↑ from last year. This year’s Average Sale Price was $401,671. There are 3.67 Months of Inventory of Condos (Patio) in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to Active Listings. There were 3 units listed and 0 units sold. |
Townhouse Condos | |
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The Average Sale Price this year ↑ increased by 22% ↑ from last year. This year’s Average Sale Price was $283,055. There are 2 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory remained the same to Active Listings. There were 2 units listed and 2 units sold. |
Gord is the owner of PropertyGuys.com in the Comox Valley & North Vancouver Island. Gordon is a private sales expert who loves helping people sell their own homes and save tens of thousands of dollars. He has created this website to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.
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