Comox Valley home sale prices up slightly

The average sale price of Comox Valley homes was up a tick in the past year.

The average rose one per cent to $351,959, the Vancouver Island Real Estate Board (VIREB) reported this week.

The average sale price of Comox Valley homes was up a tick in the past year.

The average rose one per cent to $351,959, the Vancouver Island Real Estate Board (VIREB) reported this week.

For the 12-month period from the end of July 2010 to July 2011, average sale prices were down three per cent in Campbell River to $293,370,  down seven per cent in Nanaimo to $354,077, up four per cent in Parksville/Qualicum to $393,230, down 13 per cent in Port Alberni to $219,759 and up seven per cent in the Cowichan Valley to $351,725.

Multiple Listing Service (MLS) sales summary data released by VIREB for July 2011, shows a two-per-cent decline in single-family unit sales compared to July 2010 and 70 fewer less than last month.

The average price of a single-family home sold in July 2011 through the VIREB MLS system was $344,783 up one per cent from the $342,982 posted in July 2010, and almost mirroring June 2011’s $343,422.

There were 785 single-family homes listed in July, bringing the active single-family homes available through the VIREB MLS system to 3,239, up from 3,094 this time last year.

VIREB represents approximately 1,070 realtor members in more than 85 member offices on Vancouver Island north of Victoria.

VIREB cautions that average price information can be useful in establishing trends over time, but does not indicate the actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas.

Visit the VIREB website for updated information at www.vireb.com.

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