Low Inventory, Upward Pressure on Price in Around Town
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The changes to the Vancouver Island Real Estate Blard (VIREB) statistics/Matrix system for the Single Family Detached market now captures additional property types such as ‘Detached Waterfront’ houses. While this means that some of the past market indicators have been skewed, the numbers continue to provide some insight into the market trends.
October 2020 VIREB stats
Comox Valley – Single Family Dwelling Sales
- YTD Jan 1 – Oct 31: 770, up 6%
- Average Price: $668,403, up 9% based on 851 sales
Campbell River – Single Family Dwelling Sales
- YTD Jan 1 – Oct 31: 455, up 8.6%
- Average Price: $552,681, up 10% based on 851 sales
Excerpts from Market Minute by Kutyn Property Services, www.kutyn.com
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