Royal LePage In The
2019 Market Conditions
Curious about what is happening in the Valley these days with respect to residential properties? Affordable housing in the Comox Valley, just like in big centers, now means that you are starting with a condo!
These statistics are provided from the Vancouver Island Real Estate Board
Below is an analysis showing active residential homes on the market as of February 2019 by price range in comparison to the previous twelve months sales.
Price Range Sell/List Ratio
$100,000 – $299,999 6 Listings | 12 Sales 72%
$300,000 – $399,999 13 Listings | 99 Sales 84%
$400,000 – $499,999 36 Listings | 229 Sales 79%
$500,000 – $599,999 45 Listings | 240 Sales 76%
$600,000 – $750,000 76 Listings | 155 Sales 58%
$750,000 – $999,999 46 Listings | 120 Sales 59%
$1,000,000 – $3,999,999 23 Listings | 38 Sales 30%
Sellers Need To Know…. as of February 2019
MLS takes all the sales for a time period, adds their dollar amount and divides by the number of sales.
This is the absolute middle price, in other words, there are the same number of sales in this price as there are above this price.
Sell to List Ratio
This shows the percentage of sales in comparison to the amount of listings there are. The higher the percentage, the busier the market. A stable market would typically be around 55-65%. A seller’s market is over 65% and a buyer’s market is below 55%.
Sell to List Price Ratio
This is a percentage showing what the property sold for in comparison to it’s list price. It is shown monthly and for the year.
Stats Over the Past 3 Years
There is a wide variation of interpretation to these statistics and there are a number of other factors which influence them. At Royal LePage In The Comox Valley we pride ourselves on keeping you as informed as we can on the current market conditions. We would happily meet with you to discuss any of these further!
Contact us anytime!