September Real Estate Fast Facts on Campbell River

September Real Estate Fast Facts on Campbell River

• In the 12 months ending September 30th, 2015 there were 804 sales of all property types in Campbell River, an increase of 8% 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 $315,408 up 3%.  The average lot price is $135,566 up 17%. If you purchased an ‘average’ home in 2006, you paid $265,602.  If you bought an average lot, you paid $103,171.
• YTD 2015, 47 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 (September) selling within 57 days for 96% of their asking price.  The list/sell ratio is 56%.
• 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 71% of the 419 residential properties currently offered for sale.  Condos are 23%, duplexes – 4%, mobile homes – 2%.  The active inventory of all properties is 644, down 9%.
• The largest single family home price differential is between Willow Point where the 12 month average price is up 6% ($328,501) and Campbell River North where the price is down 10% ($291,783).
• YTD 2015, 29 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 $303,400.
• From Building Links: A development permit has been submitted for a new building to house the Ford dealership in Campbell River. The building will be 30,000 sq. ft. in size. Construction drawings are underway and the project consultant is Ketza Pacific Construction.
• A development permit application has been submitted for the new 18,000 sq. ft. addition and renovation to the Toyota building in Campbell River. Some of the existing building will be demolished. Ketza Pacific Construction is the project manager. Construction is expected to begin in early 2016 once the building permit is in place.
• There are 97 REALTORS® in Campbell River among the 965 members of the Vancouver Island Real Estate Board.