
PropertyGuys.com Comox Valley & North Vancouver Island
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The monthly North Vancouver Island Market Update for January 2020 shows, “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 6% ↑ from last year. This year’s Average Sale Price was $227,671. There are 8.4 Months of Inventory of Single Family in North Vancouver Island. It is currently a Strong Buyers Market. This month’s Inventory increased to 42 Active Listings. There were 11 units listed and 5 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 ↓ decreased by 3% ↓ from last year. This year’s Average Sale Price was $34,175. There are 23 Months of Inventory of Lots in North Vancouver Island. It is currently a Strong Buyers Market. This month’s Inventory decreased to 23 Active Listings. There were 0 units listed and 1 units sold. |
Apartment Condos | |
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The Average Sale Price this year ↓ decreased by 6% ↓ from last year. This year’s Average Sale Price was $56,462. There are 14 Months of Inventory of Condos (Apt) in North Vancouver Island. It is currently a Strong Buyers Market. This month’s Inventory increased to 14 Active Listings. There were 5 units listed and 1 units sold. |
Patio Condos | |
No Patio Condos Sold | |
Townhouse Condos | |
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The Average Sale Price this year ↑ increased by 6% ↑ from last year. This year’s Average Sale Price was $102,767. There are 1.67 Months of Inventory of Condos (Twnhse) in North Vancouver Island. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 5 Active Listings. There were 1 units listed and 3 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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