Real Estate Fast Facts on the Comox Valley

 

 

⌂  In the 12 months ending July 31st, 2017, there were 1838 sales of all property types, an 8% decrease over the same period in 2016.  The highest number of annual sales was 2256 in 2007.  The lowest was 879 in 1998.  2017 marks the third consecutive year of above average numbers of sales. The twenty-two year average is 1545.

 

⌂  The twelve month average sale price of a Comox Valley home is $465,732, up 19% from 2016. The average lot price is $231,019, up 27%. If you purchased an ‘average’ home in 2007 you paid $329,280.  If you bought an average lot in 2007, you paid $128,058.

 

⌂  Apartment condos are the largest segment of the strata market. In 2007 the average price was $196,829.  The current 12 month average price is $243,459, a 21% increase over the same period in 2016.

 

⌂  YTD in 2017, 92 houses per month have sold.  (In all of 2016, 102 house per month sold.)  68% of all residential sales occurred in the municipalities - Comox - 19%, Courtenay – 40%, and Cumberland - 9%. 

 

⌂  Houses make up 64% of the 498 residential properties currently offered for sale (condos – 30%, mobiles - 2%, duplexes – 4%.)  The active inventory of all properties is 695, down 14% from 2016.

 

⌂  If you bought an average home in Cumberland in 2007 you paid $264,572.  The current 12 month average price is $433,297, up 26% over 2016.  The largest current average sale price differential is between Courtenay City ($399,065) and Crown Isle ($694,833).

 

⌂  YTD in 2017, only 13 houses have sold for less than $200,000.  In all 2016 – 19.  There were ten residential sales over $1 million in 2008, in 2016 – nineteen and YTD in 2017 - fifteen.  The 12 month median price (half sales above, half sales below) is $448,000.

 

⌂  The 2017 residential sales pattern in the Comox Valley indicates one half of all single family dwelling sales occur between $300,000 and $500,000. The twelve month list/sell ratio is 82% and currently listings are selling for 98% of asking price in 27 days!

 

⌂  From Building Links:  Monterra West Homes Ltd. has purchased a six acre piece of property inside of the Coal Valley Estates development in Cumberland and are planning to build 80 to 84 units ranging from 1,350 to 1,650 sq. ft. The units will be built as duplexes, tri-plexes and four-plexes. A development permit application is expected to be made in the next 6 weeks.

 

⌂  Based on current market activity, when 10 houses sell in the Comox Valley, seven are in the urban centers, three are rural. One is priced under $300,000, five are priced between $300,000 and $500,000, three are priced between $500,000 and $800,000 and one is over $800,000.

 

Created by MGD for RE/MAX Ocean Pacific Realty

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I have listed a new property at 201 1050 BRAIDWOOD ROAD in COURTENAY.
2 bedroom condo in Braidwood Manor close to shopping, bus route and North Island College. Recently installed cork flooring in living room, dining room and hallway. Lino installed in kitchen and bathroom and carpet in both bedrooms. There's a new ceiling light/fan installed in dining room. Sunsets on the balcony which overlooks the assigned parking. There is a laundry room in the building and this unit has an assigned storage locker. THere is a healthy contingency fund in place for the building. Rentals are allowed and one pet. Great investment property.
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I have listed a new property at 312 1015 CUMBERLAND ROAD in COURTENAY.
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I have listed a new property at 109 840 BRAIDWOOD ROAD in COURTENAY.
Everything has been done! New floors, fresh paint, lights, window coverings & fixtures! Just take over! Unit includes 2 parking stalls and nice sized patio on main floor. Located within walking distance to new hospital, college, pool, shopping and close to 19 Wing Comox! Leased until March. Great investment property.
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Real Estate Fast Facts on the Comox Valley

 

⌂ In the 12 months ending June 30th, 2017, there were 1894 sales of all property types, a 2% increase over 2016. The highest number of annual sales was 2256 in 2007. The lowest was 879 in 1998. 2017 marks the third consecutive year of above average numbers of sales. The twenty-two year average is 1547.

 

⌂ The twelve month average sale price of a Comox Valley home is $458,393, up 18% from 2016. The average lot price is $212,494, up 15%. If you purchased an ‘average’ home in 2007 you paid $329,280. If you bought an average lot in 2007, you paid $128,058.

 

⌂ Apartment condos are the largest segment of the strata market. In 2007 the average price was $196,829. The 12 month average price is $240,163, a 23% increase over the same period in 2016.

 

⌂ YTD in 2017, 92 houses per month have sold. (In all of 2016, 102 house per month sold.) 70% of all residential sales occurred in the municipalities - Comox - 19%, Courtenay – 43%, and Cumberland - 8%.

 

⌂ Houses make up 65% of the 449 residential properties currently offered for sale (condos – 27%, mobiles - 3%, duplexes – 5%.) The active inventory of all properties is 638, down 25% from 2016.

 

⌂ If you bought an average home in Cumberland in 2007 you paid $264,572. Today’s price is $512,698! The largest current average sale price differential is between Courtenay City ($400,779) and Crown Isle ($664,040).

 

⌂ YTD in 2017, only 11 houses have sold for less than $200,000. In all 2016 – 19. There were ten residential sales over $1 million in 2008, in 2016 – nineteen and YTD in 2017 - fourteen. The 12 month median price (half sales above, half sales below) is $445,000.

 

⌂ The 2017 residential sales pattern in the Comox Valley indicates about one half of all single family dwelling sales occur between $350,000 and $500,000. The twelve month list/sell ratio is 86% and currently listings are selling for 99% of asking price in 19 days!

 

⌂ From Building Links: Broadstreet Properties Ltd. is proposing to build an 89-unit, multi-storey building in Comox. In Courtenay, Highstreet Ventures Inc. will have 71 units of one and two bedroom condos ready for occupancy in August.

 

⌂ Based on current market activity, when 100 houses sell in the Comox Valley, seventy are in the urban centers, thirty are rural. Fifteen are priced under $350,000, forty-five are priced from $350,000 to $500,000 and forty are priced over $500,000.


Created by MGD for RE/MAX Ocean Pacific Realty from VIREB stats and Building Links 2017-07-04


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I have listed a new property at B 160 ARCHERY CRES in COURTENAY.
This lovely half duplex home has received many updates in recent years including roof, windows, slate front appliances, garage door and new hot water tank. In addition you must see the improvements in the backyard! The entire concrete patio was taken away and newly poured exposed aggregate patio with rebar was put in with custom clear cedar step from sliding doors. Privacy fencing was installed and a large permanent pergola styled cover over the deck made from cedar beams and clear canopy to let the sun shine through, complete with lighting. Garden beds were installed along the fence lines custom built using rebar and strong materials, currently planted with many perennial plants that will come back each year including fruit and veggies. There is a gate to a walkway that takes you down to the Puntledge River trail right down to the park. There is a family room or office in addition to the living room on the main and upstairs there are 3 bedrooms and 2 full bathrooms.
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I have listed a new property at 7747 SHIPS POINT ROAD in FANNY BAY.
Something special oceanside at Ships Point just 12 minutes to Deep Bay Marina and 25 minutes to Courtenay. Your private oasis conveniently located between communities. The Ships Point community is its own improvement district with a provincial water licence, fire department and community hall. This 1050 sqft home was custom built in 2014 and offers 2 bedrooms, 2 bathrooms and is efficiently heated and cooled by a heat pump. Thoughtfully designed to take advantage of every square foot providing ample storage and also has a 5 foot crawl space. Natural light streams through every space of this home including the skylight in the vaulted ceiling. High end laminate flooring from Germany throughout, fibreglass shingle roof and hardi plank siding. The kitchen has stainless steel appliances including an induction stove, double oven and dishwasher, soft close drawers and kitchen island.
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I have listed a new property at 202 1400 TUNNER DRIVE in COURTENAY.
This 2 bedroom 2 bathroom home has the wow factor. $70,000 in upgrades include all new kitchen and high end appliances, open concept living space with new high efficiency gas fireplace means you will likely never use the electric heat. French doors take you to the new back patio built with gas outlet for bbq. All plumbing has been upgraded to pex, all electrical switches and fixtures upgraded to led, all new flooring, gas and electric to stove for your choice and all new window blinds. The master bathroom is stunning! New walk in shower, specialty lighting and low flow toilet. It's like walking into a new construction patio home. The building received a new roof 4 years ago and the cedar siding all recently painted. There is also a 3 foot crawl space and strata fees are a low $197.00 per month. Age restriction is 21+ only 2 rental units allowed at a time and pets are allowed with 1 dog or 1 cat up to 25lbs.
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I have listed a new property at 2457 HUBAND ROAD in COURTENAY.
This home is located on a .65 acre lot in a highly desirable area of Courtenay North just minutes from downtown. This home offers over 3800 square feet with the main entry level over 2000 sqft with a beautiful bright in-law suite with family room, living room, dining room, kitchen bathroom and 2 bdrms. In addition there is a large laundry room, large storage room and 3 separate entrances. This main level also has a lovely large patio. Upstairs in the main house there is a large family room running the width of the house with sliding doors to the barbecue deck and new lower level deck which is wired for a hot tub. From this deck is easy access to the double garage doing double duty as a workshop wired with 220 and two sources of heat. There is a huge country kitchen open to the family room, living room with gas fireplace, dining room or office, 3 bedrooms and 2 1/2 bathrooms. Highly efficient home heated with gas forced air furnace and 3 gas fireplaces and on city water.
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I have listed a new property at LT 6 SEAVIEW ROAD in BLACK CREEK.
Just steps from the beach! You can build your home here at Miracle Beach! Enjoy everything oceanside living has to offer and the calm waters of the Strait of Georgia. This .38 acre lot is awaiting your plans! There are beautiful homes in the area with plenty of privacy from the surrounding trees. Conveniently located between the Comox Valley and Campbell River. Water to the lot line. Lot is 75 x 250. Homes on either side have septics. Backs onto 27 acres in the ALR. Build your forever home or getaway vacation home across from the fantastic beach!
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I have listed a new property at 203 1015 CUMBERLAND ROAD in COURTENAY.
Excellent first time buyer purchase or investment. Walking distance to downtown shops, restaurants, walking trails, library, art gallery, theatres and buses. Lose the car!! This could be your home sweet home!
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Real Estate Fast Facts on the Comox Valley


In the 12 months ending April 30th, 2017, there were 2005 sales of all property types, a 14% increase over 2016. The highest number of annual sales was 2256 in 2007. The lowest was 879 in 1998. 2017 marks the third consecutive year of above average numbers of sales. The twenty-two year average is 1551.


The twelve month average sale price of a Comox Valley home is $432,170, up 15% from 2016.

The average lot price is $201,006, up 11%. If you purchased an ‘average’ home in 2007 you paid $329,280.

If you bought an average lot in 2007, you paid $128,058.


Apartment condos are the largest segment of the strata market. In 2007 the average price was $196,829. YTD in 2017, the average price is $237,005, a 32% increase over 2016.


YTD in 2017, 71 houses per month have sold. (In all of 2016, 102 house per month sold, for 2015 – 78, for 2014 -73, for 2013 - 68, for 2012 - 68, 2011 - 66, for 2010 - 68, for 2009 - 73, for 2008 - 69, for 2007 - 100.)

71% of all residential sales occurred in the municipalities - Comox - 18%, Courtenay – 41%, and Cumberland - 12%. Cumberland remains in double digits.


Houses make up 64% of the 409 residential properties currently offered for sale (condos – 28%, mobiles - 1%, duplexes – 6%.) The current active inventory of all properties is 614, down 40% from 2016. Lower prices of mobiles and duplexes have reduced inventory by half.


If you bought an average home in Cumberland in 2007 you paid $264,572. Today’s price is $440,850. The largest local current average sale price differential is between Merville/Black Creek ($370,000) and Crown Isle ($627,785).


YTD in 2017, 8 houses have sold for less than $200,000. In all 2016 – 19, in 2015 – 41, in 2014 – 35, in 2013 – 47, in 2012 – 37, in 2011 – 36, in 2010 – 29, in 2009 - 37. There were ten residential sales over $1 million in 2008. In 2009 – three, in 2010 – one, in 2011 – two, in 2012 – none, in 2013 – five, in 2014 – six, in 2015 – four, in 2016 – nineteen and YTD 2017 - eight. The 12 month median price (half sales above, half sales below) is $415,250.


The 2017 residential sales pattern in the Comox Valley indicates one half of all single family dwelling sales occur between $350,000 and $500,000. The twelve month list/sell ratio is 96% and currently, listings are selling for 98% of asking price in 35 days.


From Building Links:

A new multi-family project is proposed for Cumberland inside Coal Valley Estates. The developer, Garry Renkema, plans to build 80 to 84 units. The units will be duplexes, tri-plexes and four-plexes. The design is in the conceptual stages and the owner hopes to make an official application in the next few months.  


Based on current market activity, when ten houses sell in the Comox Valley, seven are in the urban centers, three are rural. Two are priced under $350,000, five are priced from $350,000 to $500,000 and three are priced over $500,000.


Created by MGD for RE/MAX Ocean Pacific Realty using information from Vancouver Island Real Estate Board

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I have listed a new property at 217 1540 PIERCY ROAD in COURTENAY.
Great 2 bedroom condo with in suite laundry located close to town in well run complex. Easy access to bus stops, shopping and schools. Rentals allowed plus one pet.
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I have listed a new property at 1317 KREBS CRES in COURTENAY.
A home for everyone! Whether you have a family or simply wanting a little extra space, this home could be for you. Spic and span 3 bedroom with 2.5 bathrooms fully fenced yard near downtown Courtenay. The main walk in level has a living room, dining room and powder room, kitchen with breakfast bar and family room with gas fireplace all overlooking the landscaped backyard. There are raised garden beds with irrigation to mist your veggies. On the large patio there are two covered areas for lounging and for your barbeque with gas hook up and extra gravel side yard for a shed complete with beautiful producing peach tree! Upstairs are all 3 bedrooms and the master ensuite has a jetted tub, walk in closet and separate laundry room. There is graveled space next to the driveway for your RV, camper or that boat you always wanted. The garage has been converted into a bonus room and workshop area with room for bikes, kayaks and your lawnmower.
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I have sold a property at 1601 THORPE AVE in COURTENAY.
This rancher has a lovely location in Courtenay East close to walking paths, schools, shopping, golfing and on a bus route! Move in ready with updated flooring, paint, garburator and newer gas fireplace. There is a large bright entry, doors from the dining room into the fenced backyard with mature trees. New hot water tank and all plumbing upgraded from Poly B to Pex in 2016. All new underground sprinkler system installed in 2015. Roof is 15 years old and new vacuum system. With a level, low maintenance yard this could be your forever home!
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I have sold a property at 7353 ISLAND N HWY in MERVILLE.
Country living! Well kept 3 bed + den, 2 bath split level home on .87 park-like acres less than 15 minutes north of Courtenay. Great layout with bedrooms up and living areas on the main floor. Home has an eat-in kitchen and a cozy living room with electric fireplace. The bedrooms have all been re-done with laminate flooring. The large .87 acre property is beautifully treed with a great patio area off the back of the home to enjoy the private setting.
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I have listed a new property at A 268 MITCHELL PLACE in COURTENAY.
1/2 duplex near the Puntledge River area of downtown Courtenay. 3 Bedrooms plus office 2 bathrooms, fenced yard and detached workshop. Sunny kitchen with stairs to backyard with raised bbq deck and room for the kids or pets. Currently tenanted and tenant would like to stay if you are considering an investment property. Quiet and safe cul-de-sac location.
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I have listed a new property at 2062 PARK DRIVE in COMOX.
Oceanview 4 bedroom plus family room home in downtown Comox across from park. Detached workshop makes a great studio space. Built in 1972 this home still exudes mid modern design and finishes and awaits your updates on this solid built home.
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I have listed a new property at 114 205 1ST STREET in COURTENAY.
Riverside living at it's best! Enjoy the warmth & comfort from your wood stove while watching the river and wildlife from this wonderful 2 BR 2 Bathroom river front condo. This unit has been recently upgraded with new flooring, stainless steel appliances, new kitchen cabinets & back splash& counter tops.Located within easy walking distance to downtown Courtenay shopping, theater and dining! All measurements are approximate and must be verified by buyer if important.
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⌂ In the 12 months ending March 31st, 2017, there were 2054 sales of all property types, a 22% increase over 2016. The highest number of annual sales was 2256 in 2007. The lowest was 879 in 1998. 2017 marks the third consecutive year of above average numbers of sales. The twenty-two year average is 1553. ⌂ The twelve month average sale price of a Comox Valley home is $426,337, up 15% from 2016. The average lot price is $205,339, up 11%. If you purchased an ‘average’ home in 2007 you paid $329,280. If you bought an average lot in 2007, you paid $128,058. ⌂ Apartment condos are the largest segment of the strata market. In 2007 the average price was $196,829. YTD in 2017, the average price is $240,788. ⌂ YTD in 2017, 65 houses per month have sold. (In all of 2016, 102 house per month sold, for 2015 – 78, for 2014 -73, for 2013 - 68, for 2012 - 68, 2011 - 66, for 2010 - 68, for 2009 - 73, for 2008 - 69, for 2007 - 100.) 75% of all residential sales occurred in Comox - 19%, Courtenay – 43%, and Cumberland - 13%. Cumberland is in double digits for the first time. ⌂ Houses make up 62% of the 374 residential properties currently offered for sale (condos – 31%, mobiles - 3%, duplexes – 10 %.) The current active inventory of all properties is 577, a 43% reduction from 2016. ⌂ If you bought an average home in Cumberland in 2007 you paid $264,572. Today’s price is $474,978. The largest local current average sale price differential is between Courtenay South ($400,000) and Crown Isle ($629,000). ⌂ YTD in 2017, 8 houses have sold for less than $200,000. In all 2016 – 19, in 2015 – 41, in 2014 – 35, in 2013 – 47, in 2012 – 37, in 2011 – 36, in 2010 – 29, in 2009 - 37. There were ten residential sales over $1 million in 2008. In 2009 – three, in 2010 – one, in 2011 – two, in 2012 – none, in 2013 – five, in 2014 – six, in 2015 – four, in 2016 – nineteen and YTD 2017 - seven. The 12 month median price (half sales above, half sales below) is $409,900. ⌂ The 2017 residential sales pattern in the Comox Valley indicates one half of all single family dwelling sales occur between $350,000 and $500,000. The twelve month list/sell ratio is 92% and currently, listings are selling for 98% of asking price in 47 days. ⌂ Based on current market activity, when ten houses sell in the Comox Valley, seven are in the urban centers, three are rural. Two are priced under $350,000, five are priced from $350,000 to $500,000 and three are priced over $500,000.

 

Created by MGD for RE/MAX Ocean Pacific Realty with stats from the Vancouver Island Real Estate Board

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