July Real Estate Fast Facts on Campbell River

July Real Estate Fast Facts on Campbell River

• In the 12 months ending July 31^st, 2015 there were 785 sales of all property types in Campbell River, an increase of 5% 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 $312,427, up 3%.  The average lot price is $131,736, up 16%. 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.)
• Houses are currently (in the month of July) selling with 75 days for 95% of their asking price.  The list/sell ratio is 61%.
• YTD 2015 residential sales occurred in Willow Point – 43%, Campbell River City – 36%, followed by Oyster River North – 9%, Quinsam-Campbellton – 8% and Campbell River North – 3%.
• Houses make up 69% of the 492 residential properties currently offered for sale, condos are 24%, duplexes – 4%, mobile homes – 3%.  The active inventory of all properties is 736, down 7%.
• The largest inventory of single family dwellings is in Willow Point (140) where the average price is up 4% ($323,926), followed by Campbell River City (82) where prices are up 3% ($305,652).
•  The greatest current single family home price differential is between Willow Point where the average price is up 4% ($323,926) and Campbell River North where the price is down 7% ($286,328).
•  YTD 2015, 23 houses 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 26 sales over $500,000.  There were 26 sales over $500,000 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) for 2015 is $305,000.
• There are 14 SFD waterfront listings currently on the market, priced from $379,999 to $1,850,000. There are 12 waterfront condos listed from $174,800to $324,900. The highest priced residential sale YTD was for $840,000
• There are 100 REALTORS® in Campbell River among the 963 members of the Vancouver Island Real Estate Board.