Seventh consecutive year of below-average sales

In the 12 months ending July 31, there were 1,389 sales of all property types, a 13 per cent increase over the same period in 2013. The highest number of annual sales was 2,256 in 2007. The lowest was 879 in 1998. The 20-year average is 1,506. This is the seventh consecutive year of below-average numbers of sales.

The 12-month average sale price of a Comox Valley home is $353,351, up five per cent from 2013. The average lot price is $146,782, up three per cent. If you purchased an ‘average’ home in 2004, you paid $211,308. If you bought an average lot in the same year, you paid $75,246.

Year-to-date, 75 houses per month have sold; 72 per cent of all residential sales occurred in Comox (28%), Courtenay (36%) and Cumberland (8%).

Houses comprise 60 per cent of the 1,024 residential properties offered for sale in the Comox Valley (condos 31%, mobiles 3%, duplexes 6%). The active inventory of all properties is 1,518, identical to July 31, 2013.

If you bought an average home in Cumberland in 2004 you paid $138,695. Today’s price is $296,374 (up 4% from 2013.) The largest local price differential is between the old City of Courtenay ($277,915) and Crown Isle ($518,220).

So far in 2014, 25 houses have sold for less than $200,000 — fewer than the previous five years. There were 10 sales over $1 million in 2008 — more than the next five years. (There have been four this year). The 12-month median price (half sales above, half sales below) is $335,000.

The year-to-date residential sales pattern shows that 37 per cent of sales occur between $250,000 and $350,000.


Just Posted

Cannabis facility planned in Courtenay

Design up to 100,000 square feet

Inside the music

Big Read: step behind the curtain at the venerable Vancouver Island Music Festival

Pride Society of the Comox Valley set to kick off week-long celebration

The organization is celebrating Pride Week with a variety of events to bring the community together.

Major private donation to Kus-kus-sum project

Frank and Bobbi Denton, longtime residents of the Comox Valley, have donated… Continue reading

CONTEST: Win a pair of tickets to Sunfest Country Music Festival

Make sure to Like the Comox Valley Record’s Facebook page

BC Games: Day 1 comes to an end

Medals have already been handed out following one day of competition in the 2018 BC Summer Games

Bob Castle’s Under the Glacier cartoon for July 19, 2018

Bob Castle’s Under the Glacier cartoon for July 19, 2018… Continue reading

Open water swimming from B.C. to Washington in 24 hours

The swim will take a full day, meaning Susan Simmons will be swimming in the black of night

Cigarette packs with graphic images, blunt warnings are effective: focus groups

Warnings considered effective flag ailments smoking can cause, like colorectal and stomach cancers

Canada’s title hopes quashed at Rugby Sevens World Cup in San Francisco

On the men’s side, Canada was eliminated in the round of 16 as they were shut out by Argentina 28-0

‘We are doing the right thing:’ Protesters dig in at anti-pipeline camp

B.C. Supreme Court ruled in March that both the camp and a nearby watch house could remain in place

Astronaut drops in on Kraftwerk gig, plays duet from space

Alexander Gerst becomes an astronaut musician with live performance from International Space Station

Blaney hopes to see seniors ministry

Government creates federal department for seniors

BC Wildfire update on Okanagan blazes

Watch the media briefing on the current fire situation in the Okanagan.

Most Read