Comox Valley home prices shoot up 10 per cent

Home sales prices in the Comox Valley rose 10 per cent for the 12-month period from the end of October 2010 to October 2011.

Home sales prices in the Comox Valley rose 10 per cent for the 12-month period from the end of October 2010 to October 2011, easily the biggest increase in any of the six Vancouver Island Real Estate Board zones.

Multiple Listing Service (MLS) sales summary data released by VIREB showed Comox Valley average sales prices rise 10 per cent (to $352,064).

Campbell River slipped one per cent (to $291,451), Nanaimo rose five per cent (to $356,453), Parksville/Qualicum jumped six per cent (to $366,226), Port Alberni/West Coast went up three per cent (to $219,085) and the Cowichan Valley fell one per cent (to $334,061).

Statistics for October 2011 shows that 301 single-family units sold throughout the VIREB coverage area (Vancouver Island north of Victoria) — an increase of 24 per cent compared to September 2010 but close to last month’s 318 units.

The average price of a single family home sold in October through the VIREB MLS system was $325,308, up two per cent from the $318,609 posted in September 2010.

“We continue to see normal market conditions in the VIREB area and around the province,” said VIREB president Jim Stewart. “There doesn’t seem to be much downward or upward pressure on prices.”

There were 566 single-family homes listed in October, bringing the active single-family homes available through the VIREB MLS system to 2,695, down slightly from the 2,960 available at the end of September.

— Vancouver Island Real Estate Board

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Orcas spotted hunting north of Comox

Did you see the orcas in the area on Feb. 20? Ella… Continue reading

PHOTOS: Iconic aircraft at 19 Wing Comox entrance undergoes facelift

PHOTOS: Iconic aircraft at 19 Wing Comox entrance undergoes facelift

VIDEO: Comox airport’s Make-A-Wish send-off fit for a galaxy not so far away

Mattias Beck, 15, received an extra special start for Make-A-Wish trip

North Island Fiddlers hosting Spring Fling in Royston

Groundhog Day is long past, and Valentine’s Day has come and gone,… Continue reading

Comox Valley Citizens on Patrol celebrates 25 years of service

Comox Valley Citizens on Patrol Society (COPS) just celebrated its 25th year… Continue reading

Blair says RCMP have met Wet’suwet’en conditions, calls for end to blockades

The Wet’suwet’en’s hereditary chiefs oppose the Coastal GasLink project

Comox Valley Beefs & Bouquets for week of Feb. 18

More beefs to the tip-expecting server; a bouquet to BC Transit

Petition seeks to remove local police department from Lindsay Buziak murder case

American woman starts online petition in hopes of helping Buziak family

Health officials confirm sixth COVID-19 case in B.C.

Woman remains in isolation as Fraser Health officials investigate

Study says flu vaccine protected most people during unusual influenza season

Test-negative method was pioneered by the BC Centre for Disease Control in 2004

Saskatchewan and B.C. reach championship round at Scotties

British Columbia’s Corryn Brown locked up the last berth in Pool B

Resident discovers five discarded hog heads in Vancouver Island ditch

WARNING: Graphic image may be upsetting to some readers

B.C. lawyer, professor look to piloting a mental-health court

In November, Nova Scotia’s mental-health court program marked 10 years of existence

Development proposal in Courtenay stalled at third reading

A development proposal adjacent to the Crown Isle Resort and Golf Community… Continue reading

Most Read