Market Minutes by Jackson & Associates Ltd.
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| Strong Sales to Start the Year! |
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| Activity in the residential sector of the market continued at a rapid pace throughout January in most market sectors.
Increases in Benchmark home prices were reported in both the Comox Valley and Campbell River along with increases in sales volumes and decreases in listing volumes.
Sales volumes (SF) were up 146% in Campbell River in January 2021 over January 2020 with the Comox Valley showing a more modest 20% increase in unit sales.
CMHC also released their 2020 Rental Market Report in late January indicating a decrease in vacancy rates from 1.4% in 2019 to 1.1% in 2020 (Comox Valley) and a modest increase from 0.4% in 2019 to 0.7% 2020 in Campbell River. Average apartment rentals also increased by 8% in Campbell River and 12% in the Comox Valley over the 2019-2020 time period.
Happy Valentines Day and Lunar New Years to all of our clients and friends! |
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Comox Valley
January 2021 VIREB stats
Single Family Dwelling Sales
36 Sales (January), up 20% (vs. January 2020)
85 Active Listings, down 62% (vs. January 2020)
Benchmark Price
$620,100 up 10.5% over January 2020 |
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Campbell River
January 2021 VIREB stats
Single Family Dwelling Sales
32 Sales, up 146% (vs. January 2020)
47 Active Listings, down 61% (vs. January 2020)
Benchmark Price
$528,000 up 14% over January 2020 |
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“Sometimes, getting up in the morning and brushing your teeth is the hardest part of the day – it all just hurts.“
– Tom Brady
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