
PropertyGuys.com Comox Valley & North Vancouver Island
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The monthly Comox Valley Market Update for January 2020 shows, “In the Comox Valley, the benchmark price reached $521,900, up by four per cent from one year ago. 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 $580,513. There are 6.41 Months of Inventory of Single Family in the Comox Valley. It is currently a Soft Buyers Market. This month’s Inventory increased to 186 Active Listings. There were 53 units listed and 29 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 21% ↑ from last year. This year’s Average Sale Price was $260,889. There are 11.5 Months of Inventory of Lots in the Comox Valley. It is currently a Strong Buyers Market. This month’s Inventory increased to 46 Active Listings. There were 16 units listed and 4 units sold. |
Apartment Condos | |
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The Average Sale Price this year ↑ increased by 3% ↑ from last year. This year’s Average Sale Price was $298,061. There are 7.67 Months of Inventory of Condos (Apt) in the Comox Valley. It is currently a Avg. Buyers Market. This month’s Inventory increased to 92 Active Listings. There were 39 units listed and 12 units sold. |
Patio Condos | |
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The Average Sale Price this year ↑ increased by 12% ↑ from last year. This year’s Average Sale Price was $439,525. There are 4.25 Months of Inventory of Condos (Patio) in the Comox Valley. It is currently a Balanced Market. This month’s Inventory increased to 17 Active Listings. There were 8 units listed and 4 units sold. |
Townhouse Condos | |
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The Average Sale Price this year ↑ increased by 2% ↑ from last year. This year’s Average Sale Price was $359,732. There are 6.6 Months of Inventory of Condos (Twnhse) in the Comox Valley. It is currently a Soft Buyers Market. This month’s Inventory increased to 33 Active Listings. There were 23 units listed and 5 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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