COURTENAY 2230A Cliffe Ave. Courtenay, BC V9N 2L4 Tel: 250-334-9900 Fax: 250-334-9955 Toll Free: 1-877-216-5171
COMOX 282 Anderton Road Comox, BC V9M 1Y2 Tel: 250-339-2021 Fax: 250-339-5529 Toll Free: 1-888-829-7205
OCEAN PACIFIC REALTY COMOX VALLEY REAL ESTATE MARKET UPDATE
AUGUST 2021
MARKET CONDITIONS
+4
+5
1.5
+6
+3
MONTHS OF SINGLE FAMILY HOME INVENTORY
+7
+2 +1 0
+9 +10
As of July 31, 2021 we had 98 listings. 66 listings were sold in July.
AVERAGE SALE PRICES BY CATEGORY
$787,900
$519,700
$405,800
DETACHED
ATTACHED TOWN HOMES
CONDOS
Month to Month
Month to Month
Month to Month
Down 0.1% from $788,700 (based on 66 sales)
Down 1.1% from $525,600 (based on 27 sales)
Up 4.3% from $389,200 (based on 27 sales)
Year to Year
Year to Year
Year to Year
Up 30% from $607,500
Up 22% from $426,200
Up 40% from $290,600
For current listings, visit our website www.oceanpacificrealty.com
COMOX VALLEY REAL ESTATE MARKET UPDATE
AUGUST 2021
HPI BENCHMARK PRICE DETACHED HOME
$765,200 JULY 2021
Month to Month Up 1.2% FROM $756,400 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
2010
2015
2020
35 year average sale prices in the Comox Valley For current listings, visit our website www.oceanpacificrealty.com
COMOX VALLEY REAL ESTATE MARKET UPDATE
AUGUST 2021
ACTIVE AND SOLD RESIDENTIAL LISTINGS - COMOX VALLEY
98 Month to Month Up 10% from 89
66
ACTIVE Listings
Year to Year Down 53% from 207
SOLD Listings
Month to Month
Year to Year
Down 19% from 81
Down 15% from 78
RESIDENTIAL LISTING ABSORPTION RATE 33%
Month to Month
67% 66
The odds of selling decreased by 26% compared to June 2021
Year to Year
SOLD
67%
The odds of selling increased by 79% compared to July 2020
Listings
Unsold Listings Sold Listings
AVERAGE DAYS TO SELL A RESIDENTIAL HOME AVERAGE
25 DAYS TO SELL
Month to Month Homes are selling 14% slower, compared to June 2021
Year to Year
July 2021
Homes are selling 62% faster, compared to July 2020
HOUSE PRICE DISTRIBUTION AUG 01, 2020 - AUG 01, 2021 0-400k
400-550k
550-700k
700-850k
850k-1m
Over 1m
18
134
356
263
111
130
OCEAN PACIFIC REALTY
COURTENAY 2230A Cliffe Ave. Courtenay, BC V9N 2L4 Tel: 250-334-9900 Fax: 250-334-9955 Toll Free: 1-877-216-5171
COMOX 282 Anderton Road Comox, BC V9M 1Y2 Tel: 250-339-2021 Fax: 250-339-5529 Toll Free: 1-888-829-7205
There are 161 Realtors in the Comox Valley among the 1094 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.