Sarah Baikie - RE/MAX Check Realty - Campbell River area

250-203-3087
 
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Hot and that’s not the temperature I’m referring to.  If you’re a buyer hoping to purchase into Campbell River’s property market, you better have a good realtor!

 

Low inventory continues to plague our market, a trend that will continue well into 2017.  Sales are up across all sectors – bare land, single family, patio homes and strata. 

 

A successful purchaser must dash out at a new listing, still wearing pj’s with a coffee in hand.  A good realtor know of upcoming listings and informs their client before it has a chance to hit mls.

 

Sellers are grinning!

 

Below are the fast facts for June.

 

  • In the 12 months ending June 30th, 2016 there were 980 sales of all property types in Campbell River, up 27% over the same period in 2015.  The highest number of annual sales was 1181 in 2007.
  • The 12 month average sale price of a Campbell River home is $323,571 up 3%.  The average lot price is $138,508 up 5%. If you purchased an ‘average’ home in 2006, you paid $265,602.  If you bought an average lot, you paid $103,171.
  • YTD in 2016, a new record high 59 houses per month have sold.  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 all 2015, houses sold within 70 days for 96% of their asking price.  The list/sell ratio (LSR) was 62%.  In June 2016, houses sold in 53 days for 98% of asking price and the LSR was 98%.
  • YTD 2016, residential sales occurred in Willow Point – 45%, Campbell River Central – 30%, followed by Campbell River West – 10%, Campbell River South - 9%, and Campbell River North – 6%. The single family dwelling inventory is down 27%.
  • Houses make up 67% of the 362 residential properties currently offered for sale. Condos are 29%, duplexes – 2%, mobile homes – 2%.  The active inventory of all properties is 527, down 27%.
  • The largest single family home price differential is between Campbell River West where the YTD average price is up 11% ($385,080) and Campbell River South where the YTD price is down 7% ($296,211).
  • YTD 2016, 28 houses have sold for less than $200,000.  In 2015, there were 41 houses sold. In 2014 - 48.  In 2013 – 59, in 2012 – 52, in 2011 – 56, in 2010 – 36, in 2009 - 67.
  • YTD 2016 there are 24 residential sales over $500,000, representing 7% 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, in 2009 -10, in 2008 – 26. The 12 month median price (half sales above, half below) is $309,750.
  • From Building Links - Community site event at John Hart Dam – BC Hydro and InPower BC, will be hosting the second annual community site event at the John Hart Dam on Sunday, July 17, from 10 am to 3 pm. This is a unique annual opportunity to see the construction site and watch the project evolve through 2018. 
  • There are 104 REALTORS® in Campbell River among the 1027 members of the Vancouver Island Real Estate Board

 

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