Seller’s market: 34 Island hotspots in Around Town
In B.C.’s currently lukewarm real estate sector, it’s easy to read the headlines and imagine it’s becoming a buyer’s market. But that’s not true of all areas. A REW.ca study of real estate activity from February to May 2019 looked at the sales-to-active-listings ratio (SAR) in each individual Vancouver Island neighbourhood, for all property types combined. A figure over 20 per cent indicates a seller’s market.
The three hottest overall areas were in South Jingle Pot in Nanaimo, Campbell River Central and Victoria’s Jubilee neighbourhood, all at 32 per cent SAR. For houses, Campbell River Central was the top #3 at 44% SAR, and for Condo’s, Courtenay East was the top #5 at 26% SAR.
SAR by neighbourhood – all listing types
- 32 % – Campbell River Central
- 27 to 30 % – Comox Town, Willow Point
- 22 to 25 % – Courtenay West and North, Port Alberni Proper, Campbell River South
Excerpt from Time Colonist – July 12
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