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
OCTOBER 2021
MARKET CONDITIONS
+4
+5
1.2
+6
+3
MONTHS OF SINGLE FAMILY HOME INVENTORY
+7
+2 +1 0
+9 +10
As of September 30, 2021 we had 86 listings. 70 listings were sold in September
AVERAGE SALE PRICES BY CATEGORY
$830,900 DETACHED
$534,500 ATTACHED TOWN HOMES
$413,800 CONDOS
Month to Month
Month to Month
Month to Month
Down 2.8% from $854,800 (based on 70 sales)
Down 4.4% from $559,200 (based on 24 sales)
Up 6.2% from $389,600 (based on 34 sales)
Year to Year
Year to Year
Year to Year
Up 26% from 657,600
Up 29% from $416,100
Up 16% from $356,800
For current listings, visit our website www.oceanpacificrealty.com
COMOX VALLEY REAL ESTATE MARKET UPDATE
OCTOBER 2021
HPI BENCHMARK PRICE DETACHED HOME
$771,300 SEPTEMBER 2021
Month to Month Down 0.2% from $772,800 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
OCTOBER 2021
ACTIVE AND SOLD RESIDENTIAL LISTINGS - COMOX VALLEY
86 Month to Month Down 1.1% from 87
70
ACTIVE Listings
Year to Year Down 36% from 134
SOLD Listings
Month to Month
Year to Year
Up 4.5% from 67
Down 33% from 104
RESIDENTIAL LISTING ABSORPTION RATE 19%
Month to Month
81% 70
The odds of selling increased by 5.7% compared to August 2021
Year to Year
SOLD
81%
The odds of selling increased by 4.9% compared to September 2020
Listings
Unsold Listings Sold Listings
AVERAGE DAYS TO SELL A RESIDENTIAL HOME AVERAGE
28 DAYS TO SELL
September 2021
Month to Month Homes are selling 12% slower, compared to August 2021
Year to Year Homes are selling 52% faster, compared to September 2020
HOUSE PRICE DISTRIBUTION OCT 01, 2020 - OCT 01, 2021 0-400k
400-550k
550-700k
700-850k
850k-1m
Over 1m
8
71
275
269
144
179
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 167 Realtors in the Comox Valley among the 1119 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.