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
NOVEMBER 2021
MARKET CONDITIONS
+4
+5
1.0
+6
+3
MONTHS OF SINGLE FAMILY HOME INVENTORY
+7
+2 +1 0
+9 +10
As of October 31, 2021 we had 68 listings. 68 listings were sold in September
AVERAGE SALE PRICES BY CATEGORY
$872,200 DETACHED
$636,000 ATTACHED TOWN HOMES
$423,100 CONDOS
Month to Month
Month to Month
Month to Month
Up 5.0% from $830,900 (based on 68 sales)
Up 19% from $534,500 (based on 12 sales)
Up 2.3% from $413,800 (based on 28 sales)
Year to Year
Year to Year
Year to Year
Up 31% from 664,900
Up 41% from $450,500
Up 17% from $360,700
For current listings, visit our website www.oceanpacificrealty.com
COMOX VALLEY REAL ESTATE MARKET UPDATE
NOVEMBER 2021
HPI BENCHMARK PRICE DETACHED HOME
$779,000 OCTOBER 2021
Month to Month Up 1.0% from $771,300 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
NOVEMBER 2021
ACTIVE AND SOLD RESIDENTIAL LISTINGS - COMOX VALLEY
68 Month to Month Down 21% from 86
68
ACTIVE Listings
Year to Year Down 45% from 123
SOLD Listings
Month to Month
Year to Year
Down 2.9% from 70
Down 4.2% from 71
RESIDENTIAL LISTING ABSORPTION RATE Month to Month
100% 68
The odds of selling increased by 23% compared to September 2021
Year to Year
SOLD
100%
The odds of selling increased by 73% compared to October 2020
Listings
Unsold Listings Sold Listings
AVERAGE DAYS TO SELL A RESIDENTIAL HOME AVERAGE
28 DAYS TO SELL
October 2021
=
Month to Month Homes are selling at the same rate as in September 2021
Year to Year Homes are selling 46% faster, compared to October 2020
HOUSE PRICE DISTRIBUTION NOV 01, 2020 - NOV 01, 2021 0-400k
400-550k
550-700k
700-850k
850k-1m
Over 1m
7
65
262
278
154
193
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 162 Realtors in the Comox Valley among the 1125 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.