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
JULY 2021
MARKET CONDITIONS
+4
+5
1.1
+6
+3
MONTHS OF SINGLE FAMILY HOME INVENTORY
+7
+2 +1 0
+9 +10
As of June 30, 2021 we had 89 listings. 81 listings were sold in June.
AVERAGE SALE PRICES BY CATEGORY
$788,700 DETACHED
$525,600 ATTACHED TOWN HOMES
$389,200 CONDOS
Month to Month
Month to Month
Month to Month
Up 3.1% from $765,200 (based on 81 sales)
Down 3.7% from $545,900 (based on 15 sales)
Up 5.0% from $370,600 (based on 26 sales)
Year to Year
Year to Year
Year to Year
Up 27% from $622,400
Up 36% from $386,100
Up 40% from $277,300
For current listings, visit our website www.oceanpacificrealty.com
COMOX VALLEY REAL ESTATE MARKET UPDATE
JULY 2021
HPI BENCHMARK PRICE DETACHED HOME
$756,400 JUNE 2021
Month to Month Up 2.9% from $735,200 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
JULY 2021
ACTIVE AND SOLD RESIDENTIAL LISTINGS - COMOX VALLEY
89 Month to Month Down 17% from 107
81
ACTIVE Listings
Year to Year Down 57% from 208
SOLD Listings
Month to Month
Year to Year
Unchanged from 81 in May
Down 16% from 96
RESIDENTIAL LISTING ABSORPTION RATE 9%
Month to Month
91% 81
The odds of selling increased by 20% compared to May 2021
Year to Year
SOLD
91%
The odds of selling increased by 97% compared to June 2020
Listings
Unsold Listings Sold Listings
AVERAGE DAYS TO SELL A RESIDENTIAL HOME AVERAGE
22 DAYS TO SELL
Month to Month Homes are selling 22% slower, compared to May 2021
Year to Year
June 2021
Homes are selling 59% faster, compared to June 2020
HOUSE PRICE DISTRIBUTION JULY 01, 2020 - JULY 01, 2021 0-400k
400-550k
550-700k
700-850k
850k-1m
Over 1m
25
153
381
256
112
128
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 1089 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.