Sarah Baikie Personal Real Estate Corporation - RE/MAX Check Realty - Campbell River area

250-203-3087
 

2017 was a fast paced market, allowing for my high-energy optimistic personality to bounce from property to property and sell a city that is hands down unbeatablvalue.

 

A huge shout out and sincere thank you to all my valued clients! In total, 60 awesome savvy Sellers chose me as their listing Realtor and I closed 80 transactions. The average transactions per Realtor was 6. It was a great challenge and I had a heck of a fun time. Thank you to my incredible team: Chris for the awesome photos/movies/digital content, Annette performing her magic with any and every admin task that I send her way, Glen for placing the For Sale signs up and then down once sold, and Remax Check Realty’s amazing management and admin support staff.

 

Stepping into 2018 with enthusiasm and given the nature of a career in sales I never know what is going to happen each day and take it in my stride and say:

 

This epic day

Do not underestimate what she can do

Give thanks to her as you make your way

Give thanks to the power and the kindness

Of this precious living day.

 

May 2018 be a fantastic year for you. Please don’t hesitate to mention my name if you hear of anyone thinking of Buying or Selling.

 

  • In 2017 there were 1074 sales of all property types in Campbell River, down 5% over 2016.  The highest number of annual sales was 1181 in 2007.
  • The 2017 average sale price of a Campbell River home is $407,174, up 18%.  The average lot price is $150,108, up 8%. If you purchased an ‘average’ home in 2007, you paid $297,046.  If you bought an average lot, you paid $110,935.  
  • In 2017, 55 houses per month sold compared to the all-time high in 2016 of 59 houses per month.  In 2015, 45 houses a month sold, in 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 2017, houses sold in 42 days for 98% of asking price and the annual list/sell ratio (LSR) was 84%. In a year end rush of sales and shrinking supply, the LSRs in November and December were 123% and 107% respectively.  In 2016, houses sold within 56 days for 99% of asking price.  The LSR was 84%. 
  • In 2017, residential sales occurred in Willow Point – 42%, Campbell River Central – 35%, followed by Campbell River South - 10%, Campbell River West – 7%, Campbell River North – 4% and Campbellton – 1%. There are only 73 homes for sale, less than a six week supply.
  • Houses make up 63% of the 138 residential properties currently offered for sale.  Condos are 31%, duplexes – 4%, mobile homes – 2%.  The active inventory of all properties is 212, down 27%.
  • The largest house price differential is between Willow Point where the 2017 average price is up 20% ($427,710) and Campbell River Central where the price is up 17% ($395,907).
  • In 2017, 20 houses sold for less than $200,000 compared to 45 in 2016.  In 2015, 41 houses sold for less than $200,000. In 2014 – 48, in 2013 – 59, in 2012 – 52, in 2011 – 56, in 2010 – 36.
  • In 2017 there were 136 residential sales over $500,000.  In 2016 there were 63 residential sales over $500,000 representing 9% 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. The 2017 median price (half sales above, half below) is $391,000.
  • When 10 houses sell in Campbell River, one is under $250,000, three sell between $250,000 and $350,000, four between $350,000 and $500,000 and two above $500,000.
  • There are 96 REALTORS® in Campbell River among the 1057 members of the Vancouver Island Real Estate Board.
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Wishing all happy and restful Christmas and New Year holiday season.  

 

We have plans to ski at Mt Washington and to also take it easy watching movies, playing games, crafts and reading. We get busy during the year with work, school and sports that it’s home time that we crave the most. On Christmas day, my younger brother Justin flies in from Australia. Hopefully his plane is able to land as snow is on the forecast. 

 

2017 proved to be an incredible year for our growing city, Campbell River 

 

The British Columbia Real Estate Association (BCREA) noted that the housing market in B.C. thrived due to strong economical fundamentals, such as robust residential sales, job growth, and population growth. British Columbia’s economy continued to lead the country, with GDP in 2018 expected to hit 3.8%. Government policy decision, including slightly higher interest rates and the new mortgage stress test, could affect the housing market in 2018, but it is too early to say in what way. I will continue to keep you informed each month with ongoing newsletters and fast facts. 

 

I sincerely thank you for making 2017 my best sales year ever. Thank you for choosing me, thank you for recommending me. I love what I do, and truly enjoy helping the great people that work with me to buy and sell. What are your plans for Christmas and the New Year? I look forward to hearing your news. 

 

Real Estate Fast Facts on Campbell River 

 

  • The 12 month average sale price of a Campbell River home is $405,456, up 18%.  The average lot price is $148,817, up 7% from 2016. If you purchased an ‘average’ home in 2007, you paid $297,046.  If you bought an average lot, you paid $110,935. 

 

  • Apartment condos are the largest segment of the local strata market. In 2007 the average price was $191,746.  In the 12 months ending November 30th, 2017, the average price is $222,148 up 33% from the same period in 2016. 

 

  • There are 27 patio homes currently for sale, the largest inventory of strata properties. The YTD average selling price is $352,214 up 17%. Townhouses are the scarcest strata, only 4 on the market with an average price of $197,165, up 20%. 

 

  • YTD in 2017, 57 houses per month have sold.  In 2016, 59 houses per month sold, an all-time high.   

 

  • In 2016, houses sold in 56 days for 99% of asking price and the list/sell ratio (LSR) was 84%. Currently, houses sell in 27 days for 99% of asking price and the LSR for November was 123%! What this means is that for every 10 houses listed, 12.3% sold resulting in further dwindling of the existing inventory.    

 

  • YTD 2017, residential sales have occurred in Willow Point – 42%, Campbell River Central – 36%, followed by Campbell River South - 9%, Campbell River West – 7%, Campbell River North – 5% and Campbellton – 1%. There are 89 homes for sale, less than a two month supply.  

 

  • Houses make up 60% of the 169 residential properties currently offered for sale.  Condos - 33%, duplexes – 5%, mobile homes – 2%.  The active inventory of all properties is 255, down 25%. 

 

  • The largest house price differential is between Willow Point where the 12 month average price is up 22% ($427,710) and Campbell River Central where the average price is up 16% ($381,929).  

 

  • YTD 2017 20 houses have sold for less than $200,000.  In 2016, 45 houses sold for less than $200,000.   

 

  • YTD 2017 there have been 133 residential sales over $500,000, including four over $1 million, representing 21% of all residential sales.  In all 2016 there were 63 residential sales over $500,000 representing 9% of all residential sales.  The 12 month median price (half sales above, half below) is $390,000. 

 

  • From Building Links:  Construction has started on Phase I of Seymour Pacific’s 70-unit, multi-family development at 525 Dogwood Street South in Campbell River. A building permit was issued in October with a value of $4.2 million. The developer is constructing a four storey building on the east side of Dogwood Street South directly south of the Merecroft Village Landmark Cinema. 

 

  • When 10 houses sell in Campbell River, one is under $250,000, three sell between $250,000 and $350,000, four between $350,000 and $500,000 and two above $500,000. 

 

  • There are 98 REALTORS® in Campbell River among the 1051 members of the Vancouver Island Real Estate Board. 

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