Congratulations Campbell River! What a great 2013!

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Congratulations Campbell River! What a great 2013!

Each month the Vancouver Island Real Estate Board (VIREB) generates statistical data based on Multiple Listing Service (MLS) activity. Campbell River is broken down to five sub areas: Campbell River North, Quinsam/Campbellton, Campbell River City, Willow Point and Oyster River North.

In 2013, 778 single family homes were listed in Campbell River with 457 sold. That’s an impressive 59% sell-to-list ratio compared to 2012’s 47% sell-to-list ratio. The majority of sales occurred in Willow Point (47.6%). The remaining occurred in Campbell River City (32%), Oyster River North (8.6%), Quinsam/Campbellton (6.6%) and Campbell River North (5.2%). The average price of a home in 2012 was $287,922 and in 2013 it rose to $293,037. If you’re a first time homebuyer or investor, and did not snap up a property in the past year, your hesitation cost you approximately $5,000. That’s a new roof or a holiday!

In 2013, the hottest single family home price range was $200,000 to $350,000. Breaking it down, 115 homes priced $200,000-$250,000, 118 homes priced $250-000-$300,000 and 107 homes priced $300,000-$350,000. The reigning queen house style was a rancher (with a minimum of 3 bedrooms and 2 bathrooms) with 165 selling from January 1st 2013 to December 31st 2013. A remarkable 36% of 2013s total single family home sales.

In 2012, single family homes on average sold for 95% of list price with an average of 82 days on market to sell. Sellers were able to breath easier in 2013, gaining upwards to 97% of list price and 68 days on market to sell. Congratulations Campbell River!

If you purchased property in Campbell River in 2013, nice one! You deserve more than a pat on the back, you’ve earned a holiday!

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Where do Campbell River's buyers come from?Investor Alert