October Real Estate Fast Facts on Campbell River

October Real Estate Fast Facts on Campbell River

• In the 12 months ending October 31^st, 2015 there were 774 sales of all property types in Campbell River, down 1% over the same period in 2014.  The highest number of annual sales was 1181 in 2007.
• The 12 month average sale price of a Campbell River home is $313,934 up 3%.  The average lot price is $135,079 up 11%. If you purchased an ‘average’ home in 2006, you paid $265,602.  If you bought an average lot, you paid $103,171.
• YTD 2015, 46 houses a month have 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 October, houses sold within 75 days for 95% of their asking price.  The list/sell ratio was 69%.
• YTD 2015, residential sales occurred in Willow Point – 44%, Campbell River City – 35%, followed by Oyster River North – 9%, Quinsam/Campbellton – 8% and Campbell River North – 4%.
• Houses make up 64% of the 414 residential properties currently offered for sale.  Condos are 30%, duplexes – 3%, mobile homes – 3%.  The active inventory of all properties is 645, down 8%.
• The largest single family home price differential is between Willow Point where the 12 month average price is up 6% ($328,480) and Quinsam/Campbellton where the price is virtually unchanged ($284,856).
• YTD 2015, 37 houses have sold for less than $200,000. In all of 2014 there were 48.  In 2013 – 59, in 2012 – 52, in 2011 – 56, in 2010 – 36, in 2009 – 67.
• YTD there have been 35 residential sales over $500,000.  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 $303,000.
• From Building Links:  Construction values were up by 121% during the third quarter of 2015 compared to 2014, mostly due to construction of the new hospitals in Campbell River and Courtenay and the John Hart Dam generating station replacement project. Total values this quarter were $274 million compared to $123 million last year. The detailed design is nearly complete for the City of Campbell River water supply project. The first of two tender packages for this project is expected to be released in December or January. Construction will be done in two phases, beginning with the lake intake in February of 2016, followed by the pump station and treatment building to begin in August of 2016. Tenders for the pump station are expected to be issued in February of 2016.
• There are 98 REALTORS® in Campbell River among the 968 members of the Vancouver Island Real Estate Board.

Statistics from VIREB and Building Links, October 31^st, 2015