Sales down, prices stable in Around Town

May 7, 2020

Your Weekly Construction Briefing

While the COVID pandemic has resulted in lower sales volumes, the possibility of sharp downward pressure on price, at least until now, has not materialized.

Kutyn Real Estate Appraisers have released their assessment of the Vancouver Island Real Estate numbers, and while volume is down, prices are not.

Lifestyle considerations have resulted in a strong surge of inquiries for the Northern Gulf Islands, which bodes well for the Comox Valley and Campbell River markets.

April 2020 VIREB stats

Comox Valley – Single Family Dwelling Sales

  • YTD Jan 1 – April 30: 159, down 18%
  • Past 12 months: 676, down 3%
  • Average Price: $578,345, up 4% based on 676 sales Apartment/Condo: sales down 97%

Campbell River – Single Family Dwelling Sales

  • YTD Jan 1 – April 30: 112, down 19%
  • Past 12 months: 428, down 12%
  • Average Price: $491,856, up 5% based on 428 sales Apartment/Condo: sales down 96%

Excerpts from Market Minute

by Kutyn Property Services,

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