RE/MAX Check Realty - March 2021 Real Estate Market Update

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RE/MAX Check Realty 950 Island Hwy Campbell River, BC V9W 2C3 Tel: 250-286-1187 Fax: 250-286-6144 Toll Free: 1-800-379-7355

CHECK REALTY CAMPBELL RIVER REAL ESTATE MARKET UPDATE

MARCH 2021

MARKET CONDITIONS

+4

+5

1.5

+6

+3 +2 +1 0

+7 +8 +9 +10

MONTH OF SINGLE FAMILY HOME INVENTORY As of February 28, 2021 we had 44 listings. 30 listings were sold in February.

AVERAGE SALE PRICES BY CATEGORY

$601,800

$472,200

$382,700

DETACHED

ATTACHED TOWN HOMES

CONDOS

Month to Month

Month to Month

Month to Month

Up 11% from $541,000 (based on 30 sales)

Down 3.8% from $490,600 (based on only 8 sales)

Up 4.1% from $367,800 (based on only 6 sales)

Year to Year

Year to Year

Year to Year

Up 16% from $517,500

Up 41% from $333,800

Up 51% from $253,600

For current listings, visit our website www.checkrealty.ca


CAMPBELL RIVER REAL ESTATE MARKET UPDATE

MARCH 2021

HPI BENCHMARK PRICE DETACHED HOME

$547,700 FEBRUARY 2021 Month to Month Up 3.7% from $528,000 60-MONTH AVERAGE PRICE HISTORY - DETACHED HOME

60 MONTHS AGO

36 MONTHS AGO

12 MONTHS AGO

6 MONTHS AGO

3 MONTHS AGO

1 MONTH AGO

35 YEAR AVERAGE PRICE HISTORY - DETACHED HOME

1985

1990

1995

2000

2005

For current listings, visit our website www.checkrealty.ca

2010

2015

2020


CAMPBELL RIVER REAL ESTATE MARKET UPDATE

MARCH 2021

ACTIVE AND SOLD RESIDENTIAL LISTINGS - CAMPBELL RIVER

44

30

ACTIVE Listings

Year to Year

Month to Month

Listings

Year to Year

Month to Month

Down 69% from 140

Up 22% from 36

SOLD Up 20% from 25

Down 6.3% from 32

RESIDENTIAL LISTING ABSORPTION RATE - DETACHED HOUSES 32%

Month to Month

68% 30

The odds of selling decreased by 23% compared to January 2021

Year to Year

SOLD

The odds of selling increased by 282% compared to February 2020

Listings

68%

Unsold Listings Sold Listings

AVERAGE DAYS TO SELL A RESIDENTIAL HOME 11%

AVERAGE

34 DAYS

Month to Month Homes are selling 28% faster, compared to January 2021.

TO SELL

February 2021

Year to Year Homes are selling 53% faster, compared to February 2020

MARKET DISTRIBUTION - MAR 01, 2020 - MAR 01, 2021 0-300k

301-400k

401-500k

501-700k

700k-1m

Over 1m

6

41

181

238

71

19

CHECK REALTY

RE/MAX Check Realty 950 Island Hwy Campbell River, BC V9W 2C3 Tel: 250-286-1187 Fax: 250-286-6144 Toll Free: 1-800-379-7355

There are 95 Realtors in Campbell River among the 1075 members of the Vancouver Island Real Estate Board (VIREB). Information herein deemed reliable but cannot be guaranteed. Not intended to solicit any buyers or sellers under contract with another agent. Created by RE/MAX Ocean Pacific Realty managing broker with stats from VIREB.


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