By Gordon McKinlay
PropertyGuys.com Comox Valley & North Vancouver Island

Campbell River Market Update for Sept 2019

The monthly Campbell River Market Update for Sept 2019 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area last month was $451,400, an increase of 11 per cent over September 2018. Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced, and, in some areas, conditions are better for buyers. Sellers now recognize the market has changed and are pricing their homes accordingly. Although real estate is cyclical, the one factor that remains constant is that well-priced homes sell faster. ” says Kaye Broens, 2019 VIREB President.

Source: Vancouver Island Real Estate Board – MLS® Statistics 

Here is the Campbell River Market Update for Sept 2019

	The Average Sale Price this year ↑ increased by 8% ↑ from last year. This year’s Average Sale Price was $482,500. There are 4.14 Months of Inventory of Single Family in Campbell River. It is currently a Balanced Market. This month’s Inventory increased to 145 Active Listings. There were 67 units listed and 35 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.
	The Average Sale Price this year ↓ decreased by 5% ↓ from last year. This year’s Average Sale Price was $218,888. There are 21 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory decreased to 21 Active Listings. There were 0 units listed and 1 units sold.
	The Average Sale Price this year ↑ increased by 4% ↑ from last year. This year’s Average Sale Price was $259,968. There are 2.09 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory remained the same to 23 Active Listings. There were 11 units listed and 11 units sold.
	The Average Sale Price this year ↑ increased by 9% ↑ from last year. This year’s Average Sale Price was $394,187. There are 1.25 Months of Inventory of Condos (Patio) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 5 Active Listings. There were 2 units listed and 4 units sold.
	The Average Sale Price this year ↑ increased by 28% ↑ from last year. This year’s Average Sale Price was $281,144. There are 9 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 9 Active Listings. There were 5 units listed and 1 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.

Meet Gord

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 article to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.

PropertyGuys.com has developed a system that has helped over 90,000 private home sellers in Canada to sell their homes successfully. PropertyGuys.com is the largest private home sales network in Canada.

By Gordon McKinlay
PropertyGuys.com Comox Valley & North Vancouver Island

Campbell River Market Update for August 2019

The monthly Campbell River Market Update for August 2019 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area last month was $445,100, an increase of 10 per cent over August 2018. Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced and, in some areas, it is shifting towards a buyers’ market. Sellers now recognize that the market has changed and are pricing their homes accordingly. Although real estate is cyclical, the one factor that remains constant is that well-priced homes sell faster. ” says Kaye Broens, 2019 VIREB President.

Source: Vancouver Island Real Estate Board – MLS® Statistics 

Here is the Campbell River Market Update for August 2019 :

	The Average Sale Price this year ↑ increased by 8% ↑ from last year. This year’s Average Sale Price was $478,202. There are 3.17 Months of Inventory of Single Family in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to 130 Active Listings. There were 58 units listed and 41 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.
	The Average Sale Price this year ↑ increased by 6% ↑ from last year. This year’s Average Sale Price was $220,329. There are 12.5 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory decreased to 25 Active Listings. There were 1 units listed and 2 units sold.
	The Average Sale Price this year ↑ increased by 6% ↑ from last year. This year’s Average Sale Price was $259,288. There are 2.6 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 26 Active Listings. There were 6 units listed and 10 units sold.
	The Average Sale Price this year ↑ increased by 10% ↑ from last year. This year’s Average Sale Price was $393,533. There are 1.4 Months of Inventory of Condos (Patio) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 7 Active Listings. There were 3 units listed and 5 units sold.
	The Average Sale Price this year ↑ increased by 29% ↑ from last year. This year’s Average Sale Price was $277,110. There are 2.5 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 5 Active Listings. There were 1 units listed and 2 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.

Meet Gord

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 article to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.

PropertyGuys.com has developed a system that has helped over 90,000 private home sellers in Canada to sell their homes successfully. PropertyGuys.com is the largest private home sales network in Canada.

By Gordon McKinlay
PropertyGuys.com Comox Valley & North Vancouver Island

Campbell River Market Update for July 2019

The monthly Campbell River Market Update for July 2019 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area last month was $434,300, an increase of six per cent over July 2018. Although month-over-month price fluctuations are less useful for anticipating trends, it is interesting to note that several zones did experience small price reductions on single-family homes from June, including Campbell River, Comox Valley, Nanaimo, and Parksville-Qualicum. Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced. Reports show that sellers now recognize that the market has shifted and are pricing their homes accordingly. However, the release of home assessments has caused some confusion among homeowners, who are not always aware the assessed value reflects trends that are several months behind the current market value, which is frequently lower. ” says Kevin Reid, 2019 President-Elect.

Source: Vancouver Island Real Estate Board – MLS® Statistics 

Here is the Campbell River Market Update for July 2019 :

	The Average Sale Price this year ↑ increased by 8% ↑ from last year. This year’s Average Sale Price was $473,814. There are 3.14 Months of Inventory of Single Family in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to 138 Active Listings. There were 57 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.
	The Average Sale Price this year ↑ increased by 13% ↑ from last year. This year’s Average Sale Price was $221,146. There are 8.67 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory decreased to 26 Active Listings. There were 2 units listed and 3 units sold.
	The Average Sale Price this year ↑ increased by 7% ↑ from last year. This year’s Average Sale Price was $258,799. There are 5.33 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Balanced Market. This month’s Inventory increased to 32 Active Listings. There were 11 units listed and 6 units sold.
	The Average Sale Price this year ↑ increased by 7% ↑ from last year. This year’s Average Sale Price was $387,605. There are 1.25 Months of Inventory of Condos (Patio) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 10 Active Listings. There were 9 units listed and 8 units sold.
	The Average Sale Price this year ↑ increased by 26% ↑ from last year. This year’s Average Sale Price was $265,319. There are 1 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 8 Active Listings. There were 3 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.

Meet Gord

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 article to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.

PropertyGuys.com has developed a system that has helped over 90,000 private home sellers in Canada to sell their homes successfully. PropertyGuys.com is the largest private home sales network in Canada.

By Gordon McKinlay
PropertyGuys.com Comox Valley & North Vancouver Island

Campbell River Market Update for June 2019

The monthly Campbell River Market Update for June 2019 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area hit $434,900, an increase of four per cent over June 2018. Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced. Buyers are very price conscious and pursuing their home purchases cautiously, while sellers are finally realizing that they need to price their homes competitively to garner interest and a sale ” says Kaye Broens, 2019 President.

Source: Vancouver Island Real Estate Board – MLS® Statistics 

	The Average Sale Price this year ↑ increased by 7% ↑ from last year. This year’s Average Sale Price was $468,701. There are 2.84 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 145 Active Listings. There were 71 units listed and 51 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.
	The Average Sale Price this year ↑ increased by 13% ↑ from last year. This year’s Average Sale Price was $220,884. There are 14 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 28 Active Listings. There were 17 units listed and 2 units sold.
	The Average Sale Price this year ↑ increased by 14% ↑ from last year. This year’s Average Sale Price was $263,201. There are 3.33 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to 30 Active Listings. There were 12 units listed and 9 units sold.
	The Average Sale Price this year ↑ increased by 6% ↑ from last year. This year’s Average Sale Price was $384,636. There are 1.38 Months of Inventory of Condos (Patio) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 11 Active Listings. There were 7 units listed and 8 units sold.
	The Average Sale Price this year ↑ increased by 23% ↑ from last year. This year’s Average Sale Price was $258,622. There are 2.17 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 13 Active Listings. There were 11 units listed and 6 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.

Meet Gord

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 article to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.

PropertyGuys.com has developed a system that has helped over 90,000 private home sellers in Canada to sell their homes successfully. PropertyGuys.com is the largest private home sales network in Canada.

By Gordon McKinlay
PropertyGuys.com Comox Valley & North Vancouver Island

Campbell River Market Update for May 2019

The monthly Campbell River Market Update for May 2019 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area hit $428,900, an increase of four per cent over May 2018. Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced. There are reports of multiple offers on lower-priced properties, but homes are moving more slowly than they did in the sellers’ markets of 2016 and 2017. Regardless of market conditions, however, well-priced
properties sell more quickly. ” says Kaye Broens, 2019 President.

Source: Vancouver Island Real Estate Board – MLS® Statistics 

	The Average Sale Price this year ↑ increased by 10% ↑ from last year. This year’s Average Sale Price was $467,366. There are 2.75 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 143 Active Listings. There were 82 units listed and 52 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.
	The Average Sale Price this year ↑ increased by 14% ↑ from last year. This year’s Average Sale Price was $219,875. There are 7.5 Months of Inventory of Lots in Campbell River. It is currently a Avg. Buyers Market. This month’s Inventory remained the same to 15 Active Listings. There were 2 units listed and 2 units sold.
	The Average Sale Price this year ↑ increased by 13% ↑ from last year. This year’s Average Sale Price was $258,298. There are 3.63 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to 29 Active Listings. There were 18 units listed and 8 units sold.
	The Average Sale Price this year ↑ increased by 1% ↑ from last year. This year’s Average Sale Price was $369,643. There are 4.33 Months of Inventory of Condos (Patio) in Campbell River. It is currently a Balanced Market. This month’s Inventory increased to 13 Active Listings. There were 7 units listed and 3 units sold.
	The Average Sale Price this year ↑ increased by 23% ↑ from last year. This year’s Average Sale Price was $253,700. There are 1.6 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 8 Active Listings. There were 6 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.

Meet Gord

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 article to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.

PropertyGuys.com has developed a system that has helped over 90,000 private home sellers in Canada to sell their homes successfully. PropertyGuys.com is the largest private home sales network in Canada.

By Gordon McKinlay
PropertyGuys.com Comox Valley & North Vancouver Island

Campbell River Market Update for April 2019

The monthly Campbell River Market Update for April 2019 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area hit $421,000, an increase of four per cent over April 2018. Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced. Balanced markets offer buyers more choice and more room to negotiate. Sellers need to curb their expectations but, in turn, buyers must also be willing to pay a fair price. We’re seeing many sellers who want to list their homes at 2016 and 2017 prices, expecting to get the same amount of money their neighbour did two years ago, which isn’t realistic. On the other hand, some buyers are questioning the fair market value of a home they’re interested in and choosing not to purchase, which is counterproductive.” says Kaye Broens, 2019 President.

Source: Vancouver Island Real Estate Board – MLS® Statistics 

	The Average Sale Price this year ↑ increased by 12% ↑ from last year. This year’s Average Sale Price was $467,161. There are 3.07 Months of Inventory of Single Family in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to 132 Active Listings. There were 77 units listed and 43 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.
	The Average Sale Price this year ↑ increased by 22% ↑ from last year. This year’s Average Sale Price was $229,467. There are 7.5 Months of Inventory of Lots in Campbell River. It is currently a Avg. Buyers Market. This month’s Inventory decreased to 15 Active Listings. There were 0 units listed and 2 units sold.
	The Average Sale Price this year ↑ increased by 10% ↑ from last year. This year’s Average Sale Price was $252,235. There are 1.5 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 21 Active Listings. There were 11 units listed and 14 units sold.
	The Average Sale Price this year ↓ decreased by 3% ↓ from last year. This year’s Average Sale Price was $356,956. There are 1.5 Months of Inventory of Condos (Patio) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 9 Active Listings. There were 8 units listed and 6 units sold.
	The Average Sale Price this year ↑ increased by 18% ↑ from last year. This year’s Average Sale Price was $245,668. There are 1.6 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 8 Active Listings. There were 9 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.

Meet Gord

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 article to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.

PropertyGuys.com has developed a system that has helped over 90,000 private home sellers in Canada to sell their homes successfully. PropertyGuys.com is the largest private home sales network in Canada.

By Gordon McKinlay
PropertyGuys.com Comox Valley & North Vancouver Island

Campbell River Market Update for March 2019

The monthly Campbell River Market Update for March 2019 shows, “Regionally, the benchmark price of a single-family home in the Campbell River area hit $417,200, an increase of eight per cent over March 2018. Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced or near balanced. Balanced markets offer buyers more choice and more room to negotiate, while sellers will need to curb their expectations. Seller optimism regarding the value of their home is contributing to a sharp disconnect between buyers and sellers. We’re seeing many sellers who want to list their homes at 2016 and 2017 prices, expecting to get the same amount of money their neighbour did two years ago. Unfortunately, that just isn’t realistic.”, says Kaye Broens, 2019 President.

Source: Vancouver Island Real Estate Board – MLS® Statistics 

	The Average Sale Price this year ↑ increased by 12% ↑ from last year. This year’s Average Sale Price was $461,535. There are 2.73 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 109 Active Listings. There were 54 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.
	The Average Sale Price this year ↑ increased by 29% ↑ from last year. This year’s Average Sale Price was $229,112. There are 9.5 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 19 Active Listings. There were 4 units listed and 2 units sold.
	The Average Sale Price this year ↑ increased by 15% ↑ from last year. This year’s Average Sale Price was $256,104. There are 2.5 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 25 Active Listings. There were 16 units listed and 10 units sold.
	The Average Sale Price this year ↑ increased by 1% ↑ from last year. This year’s Average Sale Price was $363,952. There are 2.25 Months of Inventory of Condos (Patio) 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.
	The Average Sale Price this year ↑ increased by 21% ↑ from last year. This year’s Average Sale Price was $245,098. There are 1 Months of Inventory of Condos (Twnhse) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 5 Active Listings. There were 6 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.

Meet Gord

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 article to help others sell their homes privately. For more information, download his free Guide to Selling Without an Agent.

PropertyGuys.com has developed a system that has helped over 90,000 private home sellers in Canada to sell their homes successfully. PropertyGuys.com is the largest private home sales network in Canada.