Business Awards of Distinction Nominee and Fast Facts
Business Awards of Distinction Nominee and Fast Facts
I’m honoured for my business to be named a nominee for the Campbell River Chamber of Commerce 2016 Business Awards of Distinction. The winner will be announced October 1st. Chris Baikie (photography & film), Angela Stone (Unlicensed Assistant) and myself combine our expertise to bring our clients trusted support when buying and selling property. A big thank you to our past and current clients, without you this nomination would not be possible.
Campbell River’s real estate market continues to perform:
- In the 12 months ending July 31st, 2016 there were 1007 sales of all property types in Campbell River, up 28% over the same period in 2015. The highest number of annual sales was 1181 in 2007.
- The 12 month average sale price of a Campbell River home is $330,190 up 6%. The average lot price is $137,379 up 4%. If you purchased an ‘average’ home in 2006, you paid $265,602. If you bought an average lot, you paid $103,171.
- YTD in 2016, a new record high 62 houses per month have sold. In 2015, 45 houses a month sold. For all 2014 – 46, for 2013 – 42, for 2012 – 37, for 2011- 41, for 2010 – 36, for 2009 – 44, for 2008 – 38, for 2007 – 58, for 2006 – 54.
- In all 2015, houses sold within 70 days for 96% of their asking price. The list/sell ratio (LSR) was 62%. In July, 2016, houses sold in 62 days for 109% of asking price and the LSR was 97%.
- YTD 2016, residential sales occurred in Willow Point – 44%, Campbell River Central – 31%, followed by Campbell River West – 10%, Campbell River South – 10%, and Campbell River North – 6%. The single family dwelling inventory is down 33%.
- Houses make up 68% of the 336 residential properties currently offered for sale. Condos are 26%, duplexes – 4%, mobile homes – 1%. The active inventory of all properties is 494, down 33%.
- The largest single family home price differential is between Campbell River West where the YTD average price is up 20% ($384,481) and Campbell River South where the YTD price is up 5% ($332,238).
- YTD 2016, 30 houses have sold for less than $200,000. In 2015, there were 41 houses sold. In 2014 – 48. In 2013 – 59, in 2012 – 52, in 2011 – 56, in 2010 – 36, in 2009 – 67.
- YTD 2016 there are 35 residential sales over $500,000, including three sales over $1,000,000, representing 8% of all residential sales. In 2015 there were 40 sales over $500,000, representing 7%. There were 26 sales in 2014, in 2013 -15, in 2012 – 20, in 2011 – 26, in 2010 – 15, in 2009 -10, in 2008 – 26. The 12 month median price (half sales above, half below) is $315,500.
- From Building Links: for the first half of 2016 as expected, construction statistics of new single family homes are up significantly compared to the same time last year, an increase of 51% for the region of Comox, Courtenay, Cumberland, the CVRD and Campbell River.
- There are 95 REALTORS® in Campbell River among the 1029 members of the Vancouver Island Real Estate Board
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