Market Update
Posted on 22. Jan, 2010 by danwilson in View Recent News
December 2009 has come and gone. Information available from the Vancouver Island Real Estate Board (VIREB) indicates that there were 43 reported sales of single family homes in the Comox Valley in December. This is up 65% over the 26 recorded sales in December 2008 however is down from the 54 sales recorded in December 2007 and 51 sales in December 2006.
The year to date average sale price was reported at $336,541.00 which is down approximately 5% from the same time period last year ($354,307.00) however is up from December 2007”s level at $329,280.00. It is still considerably higher (21%) from the December 2006 average of $278,803.00 let alone the December 2005 average of $236,325.00. Remember December 2006 was only 36 months ago!
Putting things into perspective, 2007 was one of the busiest years on record for real estate in the Comox Valley and while 2009 started weak it has certainly finished quite strong in relation to non peak years.
Dan Wilson
