Happy New Year
Happy New Year! With 2015 behind us, I always like to step into a new year reflecting on the year that was. I enjoyed sending out my monthly newsletters, analyzing Campbell River’s real estate market plus updates on economic activities beyond the real estate front.
2015 proved to be onwards and upwards on all accounts and below you will find my summary of the past 12 months.
Campbell River is a great place to live with a wonderful community. I am grateful for the support and trust that the community extends to me and thank you for choosing me to represent you and recommending me to family, friends and co-workers. Last year, I assisted 68 clients in completed transactions. 46 sellers chose me to list and sell their home, when the average listings per agent is 8. I am extremely grateful and account my success to the quality of the relationships that I have with my clients, the support of my brokerage Remax Check Realty, my assistant Angela Stone for her hard work, friendship and accepting anything and everything that I send her way, and Chris Baikie for his brilliant photos, movies and digital support. Being at the forefront of technology and communicating digitally to potential buyers is key to my marketing.
I look forward to working together in 2016. Please do not hesitate to ask me any questions you may have at any stage. Keep the recommendations coming. My best wishes to you on a personal front for 2016. May it be epic.
Some December Fast Facts:
- In the 12 months ending December 31st, 2015 there were 799 sales of all property types in Campbell River, up 2% over 2014. The highest number of annual sales was 1181 in 2007.
- The 12 month average sale price of a Campbell River home is $318,670 up 5%. The average lot price is $134,828 up 7%. If you purchased an ‘average’ home in 2006, you paid $265,602. If you bought an average lot, you paid $103,171.
- 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 2015, houses sold within 70 days for 96% of their asking price. The list/sell ratio was 6%.
- In 2015, residential sales occurred in Willow Point – 45%, Campbell River City – 33%, followed by Oyster River North – 10%, Quinsam/Campbellton – 8% and Campbell River North – 4%.
- Houses make up 63% of the 291 residential properties currently offered for sale. Condos are 32%, duplexes – 2%, mobile homes – 3%. The active inventory of all properties is 485, down 14%.
- The largest single family home price differential is between Willow Point where the 2015 average price is up 8% ($336,149) and Quinsam/Campbellton where the price is down 4% ($278,967).
- In 2015, 41 houses sold for less than $200,000. In 2014 there were 48. In 2013 – 59, in 2012 – 52, in 2011 – 56, in 2010 – 36, in 2009 – 67.
- In 2015 there were 40 residential sales over $500,000, representing 7% of the total sales. There were 26 sales over $500,000 in all of 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) for 2015 is $305,000.
- There are 101 REALTORS® in Campbell River among the 972 members of the Vancouver Island Real Estate Board.
