Campbell River Real Estate Market Update for July 2021

 
By: PropertyGuys.com on Vancouver Island
 
 

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Campbell River Real Estate Market Update for July 2021

The Average 12 Month to Date Sale Price increased by 23.68% from the previous 12 month period. The 12 Month to Date Average Sale Price was $625,605. There are 1.8 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 72 Active Listings. There were 49 units listed and 40 units sold.

  • In Campbell River, the benchmark price of a single-family home hit $639,100 in July, up by 33 per cent from the previous year.

“Unless demand drops significantly or more housing supply comes online through new construction, the needle for VIREB’s inventory situation will not move by much,” states Mackay. “BCREA, VIREB, and other real estate boards continue advocating with policymakers at the provincial and regional levels to speed up the development process so that municipalities can expand supply more quickly to meet demand.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 23.68% from the previous 12 month period. The 12 Month to Date Average Sale Price was $625,605. There are 1.8 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 72 Active Listings. There were 49 units listed and 40 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
The Average 12 Month to Date Sale Price increased by 28.01% from the previous 12 month period. The 12 Month to Date Average Sale Price was $344,003. There are 12 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 14 Active Listings. There were 3 units listed and 0 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 26.03% from the previous 12 month period. The 12 Month to Date Average Sale Price was $334,573. There are 1.27 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 14 Active Listings. There were 9 units listed and 11 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 30.25% from the previous 12 month period. The 12 Month to Date Average Sale Price was $447,897. There are 3.25 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to Active Listings. There were 4 units listed and 4 units sold.

 

  • Seller’s Market – In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

CR Monthly Real Estate Update - June 2021

Campbell River Real Estate Market Update for June 2021

 
By PropertyGuys.com on Vancouver Island

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Campbell River Real Estate Market Update for June 2021

The Average 12 Month to Date Sale Price increased by 21.7% from the previous 12 month period. The 12 Month to Date Average Sale Price was $611,695. There are 1.05 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory decreased to 66 Active Listings. There were 59 units listed and 63 units sold.

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into the Spring, the numbers have tempered but not as much as is typical for a June.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.
  • In Campbell River, the benchmark price of a single-family home hit $627,600 in June, up by 29 per cent from the previous year.

    “More inventory is certainly good news for buyers, even if the increases are slight,” says 2021 VIREB president Ian Mackay. “We’re also relieved to see a few more conditional offers again, which means the frenzied fear-of-missing-out mentality is tempering a bit.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 19.05% from the previous 12 month period. The 12 Month to Date Average Sale Price was $594,868. There are 1.33 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 72 Active Listings. There were 71 units listed and 54 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
The Average 12 Month to Date Sale Price increased by 32.24% from the previous 12 month period. The 12 Month to Date Average Sale Price was $341,778. There are 3.17 Months of Inventory of Lots in Campbell River. It is currently a Soft Sellers Market. This month's Inventory decreased to 19 Active Listings. There were 4 units listed and 6 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 21.4% from the previous 12 month period. The 12 Month to Date Average Sale Price was $327,700. There are 1.27 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 19 Active Listings. There were 19 units listed and 15 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 32.43% from the previous 12 month period. The 12 Month to Date Average Sale Price was $442,962. There are 0.7 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Strong Sellers Market. This month's Inventory increased to Active Listings. There were 10 units listed and 10 units sold.

 

  • In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

Historical Statistics



PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

CR Monthly Real Estate Update - May 2021

Campbell River Real Estate Market Update for May 2021

 
By PropertyGuys.com on Vancouver Island

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Campbell River Real Estate Market Update for May 2021

The Average 12 Month to Date Sale Price increased by 19.05% from the previous 12 month period. The 12 Month to Date Average Sale Price was $594,868. There are 1.33 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 72 Active Listings. There were 71 units listed and 54 units sold.

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into the Spring, the numbers have tempered but not as much as is typical for a May.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.
  • In Campbell River, the benchmark price of a single-family home hit $614,400 in May, up by 30 per cent from the previous year

    “Listings are up a little in certain markets, which is certainly good news for buyers,” says 2021 VIREB president Ian Mackay. “However, unless demand drops significantly or more housing supply comes online through new construction, we don’t see the inventory situation improving much.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 19.05% from the previous 12 month period. The 12 Month to Date Average Sale Price was $594,868. There are 1.33 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 72 Active Listings. There were 71 units listed and 54 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
The Average 12 Month to Date Sale Price increased by 32.24% from the previous 12 month period. The 12 Month to Date Average Sale Price was $341,778. There are 3.17 Months of Inventory of Lots in Campbell River. It is currently a Soft Sellers Market. This month's Inventory decreased to 19 Active Listings. There were 4 units listed and 6 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 21.29% from the previous 12 month period. The 12 Month to Date Average Sale Price was $325,119. There are 1 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 17 Active Listings. There were 19 units listed and 17 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 27.08% from the previous 12 month period. The 12 Month to Date Average Sale Price was $433,841. There are 0.86 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Strong Sellers Market. This month's Inventory remained the same to Active Listings. There were 7 units listed and 7 units sold.

 

  • In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

Historical Statistics

PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

CR Monthly Real Estate Update - April 2021

Campbell River Real Estate Market Update for April 2021

 
By PropertyGuys.com on Vancouver Island

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Campbell River Real Estate Market Update for April 2021

The Average 12 Month to Date Sale Price increased by 17.79% from the previous 12 month period. The 12 Month to Date Average Sale Price was $583,197. There are 1.36 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 64 Active Listings. There were 72 units listed and 47 units sold.

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into the Spring, the numbers have tempered but not as much as is typical for a April.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.
  • In Campbell River, the benchmark price of a single-family home hit $588,800 in April, an increase of 25 per cent over last year  

    “We have seen that demand-side policies like taxes and higher mortgage rates are just not working,” notes Mackay. “The best route to making housing more affordable, particularly for first-time buyers, is to increase supply. It’s not a quick solution, but it’s the only one that makes sense long-term.” Says 2021 VIREB president Ian Mackay

 

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 17.79% from the previous 12 month period. The 12 Month to Date Average Sale Price was $583,197. There are 1.36 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 64 Active Listings. There were 72 units listed and 47 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
The Average 12 Month to Date Sale Price increased by 32.13% from the previous 12 month period. The 12 Month to Date Average Sale Price was $343,367. There are 6.33 Months of Inventory of Lots in Campbell River. It is currently a Soft Buyers Market. This month's Inventory increased to 19 Active Listings. There were 9 units listed and 3 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 16.95% from the previous 12 month period. The 12 Month to Date Average Sale Price was $318,751. There are 1 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to 15 Active Listings. There were 19 units listed and 15 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 24.42% from the previous 12 month period. The 12 Month to Date Average Sale Price was $426,857. There are 0.29 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Strong Sellers Market. This month's Inventory decreased to Active Listings. There were 21 units listed and 21 units sold.

In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.

  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

CR Monthly Real Estate Update - March 2021

Campbell River Real Estate Market Update for March 2021

 
By PropertyGuys.com on Vancouver Island

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Campbell River Real Estate Market Update for March 2021

The monthly Campbell River Real Estate Market Update for March 2021 shows compared to a year ago, a large increase in sales for the entire local area. The Average 12 Month to Date Sale Price increased by 37.24% from the previous 12 month period. The 12 Month to Date Average Sale Price was $352,037. There are 7 Months of Inventory of Lots in Campbell River. It is currently an Avg. Buyers Market. This month's Inventory increased to 14 Active Listings. There were 4 units listed and 2 units sold. 

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into the Spring, the numbers have tempered but not as much as is typical for a February.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.  
  • In Campbell River, the benchmark price of a single-family home hit $564,000 in March, an increase of 22 per cent over last year

    “It’s painfully clear that attempts to dampen demand have not moderated home prices, so the best route to making housing more affordable, particularly for first-time buyers, is to increase supply,” says Mackay. “It’s not a quick solution, but it’s the only one that makes sense long-term. And, to do that, we need all levels of government working together.”Although lack of inventory is a problem throughout British Columbia, it has reached a crisis point on Vancouver Island, says 2021 VIREB president Ian Mackay

 

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 14.28% from the previous 12 month period. The 12 Month to Date Average Sale Price was $566,478. There are 0.7 Months of Inventory of Single Family in Campbell River. It is currently a Strong Sellers Market. This month's Inventory increased to 43 Active Listings. There were 68 units listed and 61 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
The Average 12 Month to Date Sale Price increased by 37.24% from the previous 12 month period. The 12 Month to Date Average Sale Price was $352,037. There are 7 Months of Inventory of Lots in Campbell River. It is currently a Avg. Buyers Market. This month's Inventory increased to 14 Active Listings. There were 4 units listed and 2 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 17.85% from the previous 12 month period. The 12 Month to Date Average Sale Price was $315,952. There are 0.85 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Strong Sellers Market. This month's Inventory increased to 11 Active Listings. There were 15 units listed and 13 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 17.71% from the previous 12 month period. The 12 Month to Date Average Sale Price was $405,131. There are 1.29 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Avg. Sellers Market. This month's Inventory increased to Active Listings. There were 14 units listed and 14 units sold.
  • Seller’s Market – In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home's sale price. PG Direct Realty Ltd. is PropertyGuys.com's brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

Campbell River Real Estate Market Update - February 2021

Campbell River Real Estate Market Update for February 2021

 
By PropertyGuys.com on Vancouver Island

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Campbell River Real Estate Market Update for February 2021

The monthly Campbell River Real Estate Market Update for February 2021 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last February in Campbell River were up 35% and up while the average days to sell decreased overall by 13.70% from last February. The sales over the last 12 months are up by 17.6%, the market is strong.  

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into the Spring, the numbers have tempered but not as much as is typical for a February.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.  
  • In Campbell River, the benchmark price of a single-family home hit $547,700 in February, an increase of 18 per cent over last year. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

 

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 9.95% from the previous 12 month period. The 12 Month to Date Average Sale Price was $543,666. There are 1.47 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 44 Active Listings. There were 40 units listed and 30 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
The Average 12 Month to Date Sale Price increased by 37.89% from the previous 12 month period. The 12 Month to Date Average Sale Price was $344,722. There are 6 Months of Inventory of Lots in Campbell River. It is currently a Soft Buyers Market. This month’s Inventory increased to 12 Active Listings. There were 8 units listed and 2 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 9.26% from the previous 12 month period. The 12 Month to Date Average Sale Price was $297,985. There are 1.67 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 10 Active Listings. There were 7 units listed and 6 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 11.98% from the previous 12 month period. The 12 Month to Date Average Sale Price was $385,456. There are 1.25 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to Active Listings. There were 8 units listed and 8 units sold.
  • Seller’s Market – In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

Campbell River Real Estate Market Update for January 2021

 
By PropertyGuys.com on Vancouver Island

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Campbell River Real Estate Market Update for January 2021

The monthly Campbell River Real Estate Market Update for January 2021 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last January in Campbell River were up 61.9% and up while the average days to sell decreased overall by 36.52% from last January. The sales over the last 12 months are up by 17.6%, the market is strong.  

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into the Winter, the numbers have tempered but not as much as is typical for a January.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.  
  • In Campbell River, the benchmark price of a single-family home hit $528,000 in January, an increase of 14 per cent over last year. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“…In a competitive housing market, using a REALTOR® can help streamline the buying and selling process to ensure the best possible outcome while mitigating associated risks.” says VIREB president Ian Mackay

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 9.91% from the previous 12 month period. The 12 Month to Date Average Sale Price was $539,213. There are 1.13 Months of Inventory of Single Family in Campbell River. It is currently an Avg. Sellers Market. This month’s Inventory decreased to 36 Active Listings. There were 29 units listed and 32 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
The Average 12 Month to Date Sale Price increased by 23.33% from the previous 12 month period. The 12 Month to Date Average Sale Price was $324,635. There are 13 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 13 Active Listings. There were 3 units listed and 1 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 5.4% from the previous 12 month period. The 12 Month to Date Average Sale Price was $290,003. There are 2.25 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory remained the same to 9 Active Listings. There were 4 units listed and 4 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 10.66% from the previous 12 month period. The 12 Month to Date Average Sale Price was $377,452. There are 1.6 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently an Avg. Sellers Market. This month’s Inventory increased to Active Listings. There were 10 units listed and 10 units sold.
  • Seller’s Market – In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

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Campbell River - Real Estate Market - Dec 2020

Campbell River Real Estate Market Update for December 2020

 
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Campbell River Real Estate Market Update for December 2020

The monthly Campbell River Real Estate Market Update for December 2020 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last December in Campbell River were up 80% and up while the average days to sell increased overall by 4% from last December. The sales over the last 12 months are up by 16%, the market is strong.  

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into fall the numbers have tempered but not as much as is typical for a December.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.  
  • In Campbell River, the benchmark price reached $473,000, up by 11.8 percent from one year ago. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“…low inventory continues to be the primary reason behind the weaker sales posted in November and December. The buyers are there, but the listings are not…Consumer demand is high, and buyers are snapping up well-priced properties quickly once they hit the market… Multiple offers are commonplace. Notwithstanding high demand, correctly pricing your home remains the key to a quick sale. Overpriced homes tend to linger in our area despite prevailing market conditions.” says VIREB president Kevin Reid.

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes
Single Family - Campbell River Real Estate Market - Dec 20 The Average 12 Month to Date Sale Price increased by 9.63% from the previous 12 month period. The 12 Month to Date Average Sale Price was $537,768. There are 0.95 Months of Inventory of Single Family in Campbell River. It is currently a Strong Sellers Market. This month’s Inventory decreased to 42 Active Listings. There were 28 units listed and 44 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
Lot - Campbell River Real Estate Market - Dec 20 The Average 12 Month to Date Sale Price increased by 23.33% from the previous 12 month period. The 12 Month to Date Average Sale Price was $324,635. There are 13 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 13 Active Listings. There were 3 units listed and 1 units sold.
Apartment Condos
Apartment Condo - Campbell River Real Estate Market - Dec 20 The Average 12 Month to Date Sale Price increased by 8.81% from the previous 12 month period. The 12 Month to Date Average Sale Price was $290,190. There are 0.85 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Strong Sellers Market. This month’s Inventory decreased to 11 Active Listings. There were 5 units listed and 13 units sold.
Townhouse & Patio Condos
Townhouse Condo - Campbell River Real Estate Market - Dec 20 The Average 12 Month to Date Sale Price increased by 6.86% from the previous 12 month period. The 12 Month to Date Average Sale Price was $363,207. There are 3 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory remained the same to Active Listings. There were 5 units listed and 5 units sold.

Market Legend

  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

Campbell River Real Estate Market Update for November 2020

 
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Campbell River Real Estate Market Update for November 2020

The monthly Campbell River Real Estate Market Update for November 2020 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last November in Campbell River were up 80% and up while the average days to sell decreased overall by 11% from last November. The sales over the last 12 months are up by 6.3%, the market is strong.  

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into fall the numbers have tempered but not as much as is typical for a November.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.  
  • In Campbell River, the benchmark price reached $475,900, up by 8 percent from one year ago. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“Despite what may be the worst recession in B.C. history, the housing market had a record fall season, and prices are rapidly rising as pent-up demand floods into an under-supplied market, … As that pent-up demand from the loss of a spring season fades, sales will likely slow from their current pace, but activity is expected to remain strong as record-low mortgage rates and a recovering economy continue to drive sales.” says BCREA.

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes
Single Family - Campbell River - Real Estate - Nov 2020 The Average 12 Month to Date Sale Price increased by 8.52% from the previous 12 month period. The 12 Month to Date Average Sale Price was $531,997. There are 1.4 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 63 Active Listings. There were 28 units listed and 45 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
Lot - Campbell River - Real Estate - Nov 2020 The Average 12 Month to Date Sale Price increased by 32.19% from the previous 12 month period. The 12 Month to Date Average Sale Price was $328,548. There are 4.33 Months of Inventory of Lots in Campbell River. It is currently a Balanced Market. This month’s Inventory increased to 13 Active Listings. There were 4 units listed and 3 units sold.
Apartment Condos
Townhouse Condo - Campbell River - Real Estate - Nov 2020 The Average 12 Month to Date Sale Price increased by 8.18% from the previous 12 month period. The 12 Month to Date Average Sale Price was $287,596. There are 1.73 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 19 Active Listings. There were 9 units listed and 11 units sold.
Townhouse & Patio Condos
Townhouse Condo - Campbell River - Real Estate - Nov 2020 The Average 12 Month to Date Sale Price increased by 5.23% from the previous 12 month period. The 12 Month to Date Average Sale Price was $356,993. There are 1 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to Active Listings. There were 15 units listed and 15 units sold.

Market Legend

  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com Comox Valley & North Vancouver Is

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PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

Campbell River Market Update - Oct 2020 - PG

Campbell River Real Estate Market Update for October 2020

 
By PropertyGuys.com on Vancouver Island

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Campbell River Real Estate Market Update for October 2020

The monthly Campbell River Real Estate Market Update for October 2020 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last October in Campbell River were up 56% and up while the average days to sell increased overall by 15% from last October. The sales over the last 12 months are up by 12%, the market is strong.  

Swift sales in the latter half of the year is causing upward price pressure.  We have seen significant gains but as we head into fall the numbers have tempered, with October posting a marginal rise.

The Single Family statistics for this month point to rising average prices in both the Comox Valley and Campbell River. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.  
  • In Campbell River, the benchmark price reached $468,300, up by five percent from one year ago. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“Demand in the VIREB area continues to be high, but there just aren’t enough homes to satisfy it… Active listings of single-family detached properties (excluding acreage and waterfront) were 733 in October compared to 909 in September. There were 333 condo apartments and 197 row/townhouses for sale last month, down 14 per cent and three per cent, respectively, month over month…We don’t know if it’s a long-term trend, but we have noticed that some of the demand includes buyers who are advancing their retirement plans while others are downsizing and reducing their debt load,” says VIREB president Kevin Reid

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes
Single Family - Campbell River Market Update - Oct 2020 The Average 12 Month to Date Sale Price increased by 8.77% from the previous 12 month period. The 12 Month to Date Average Sale Price was 528315. There are 1.29 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 85 Active Listings. There were 49 units listed and 66 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
Lot - Campbell River Market Update - Oct 2020 The Average 12 Month to Date Sale Price increased by 3.25% from the previous 12 month period. The 12 Month to Date Average Sale Price was $262,274. There are 12 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 12 Active Listings. There were 5 units listed and 0 units sold.
Apartment Condos
Apartment Condo - Campbell River Market Update - Oct 2020 The Average 12 Month to Date Sale Price increased by 12.42% from the previous 12 month period. The 12 Month to Date Average Sale Price was $293,546. There are 1.83 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 22 Active Listings. There were 9 units listed and 12 units sold.
Townhouse & Patio Condos
Townhouse Condo - Campbell River Market Update - Oct 2020 The Average 12 Month to Date Sale Price increased by 2.76% from the previous 12 month period. The 12 Month to Date Average Sale Price was $348,491. There are 3.25 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to Active Listings. There were 8 units listed and 8 units sold.

Market Legend

  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com Comox Valley & North Vancouver Is

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PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!