North Vancouver Island
Mount Waddington and most of Strathcona (north of Campbell River) Regional Districts incompance North Vancouver Island. This area of Vancouver Island is has a very large georgraphic area but is small in population. The major towns included Tahsis, Sayward, Woss, Port Hardy, Porty Alice, Port McNeill and Gold River.
|Regional District of Strathcona||Regional District of Mt. Waddington|
2018 – 2020 MLS® Sales Summary
Source: Vancouver Island Real Estate Board – MLS® Statistics
Home prices in North Vancouver Island Real Estate Market have been slowly increasing for a few years now; between 2018 and 2020 the average single family home price increased from around $200,000 to $230,000.
The North Vancouver Island Market Cycle
In North Vancouver Island the usual pattern is for housing markets to enter into seasonal cycles. While spring temperatures start to climb and more buyers start their house hunt, this pushes up the demand for listings and pushes markets closer to a seller’s market. The same applies to the fall buying season. Terms such as “seller’s market,” “buyer’s market,” or “balanced market” are used to explain where the Campbell River Area Real Estate Market is. Each market is determined based on the sales-to-active listings ratio.
Looking to sell your home? Check out our article on Your Home’s Market Value vs BC Assessment Value.