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 Press Release Hint – they are closer than you think. Courtenay, BC, : Ho-hum, yawn! The answer to the often repeated question “Where are buyers coming from?” remains the same, according to Marty Douglas, managing broker of RE/MAX Ocean Pacific Realty. “We examined over 1700 sales files from 2016 and found that 54% of buyers were living in the Comox Valley at the time of purchase,” said Douglas. In 2013, a similar survey revealed 55% were local. Lower Mainland sellers, cashing in their rising equity, doubled the number of buyers in the Comox Valley to 16% over the same period. Buyers from the rest of Vancouver Island, including 72 from Victoria, 40 from Campbell River and 28 from Nanaimo, created the next largest group at 14%. Alberta, no surprise, shrank to 6% from 9%, while the rest of Canada supplied 5% of buyers. The only province not adding to the Comox Valley was PEI. As for ‘off shore’ buyers, there were more folks from the USA than any other country. A total of 9 foreign buyers, 7 from the USA, 2 from Asia and 2 from the United Kingdom became contributors to the tax base of the Comox Valley. Douglas added “When your Realtor explains their marketing plan, the sources of buyers influence where they advertise your property. Since most are local, the ‘for sale’ sign remains a powerful tool. The Internet is where buyers look first. They home they eventually buy is usually introduced to them by their Realtor.” RE/MAX Ocean Pacific Realty has two offices and 70 members of the Vancouver Island Real Estate Board serving the Comox Valley.

submitted by:  Contact: Marty Douglas Phone 250-334-9900 mgdouglas@remax.net