⌂In the 12 months ending
April 30th, 2010 there were 1659 sales of all property types, an increase of
53% over the same 12 month period in 2009.The highest number of annual sales was 2252 in 2007.The lowest was 879 in 1998.The nineteen year average is 1556.
⌂The 12 month average sale
price of a ComoxValley home is $339,764, down 5%.The average lot price is $138,050 down 7%. If
you purchased an ‘average’ home in 2003, you paid $169,153.If you bought an average lot, you paid $64,200.
⌂68 houses a month are
currently selling.(For 2009 the number
was 73, for 2007 -100.)74% of all
residential sales occurred in the municipalities of Comox - 27%, Courtenay -
38%, and Cumberland,
9%.Houses are 59% of the 1111 residential properties currently
offered for sale (strata - 33%).The
active inventory of all properties is 1450, up 52% since December 31st, 2009.
⌂If you bought an average
home in Cumberland
in 2003 you paid $108,058.Today’s price
is $282,686 (+162%).The greatest price
differential is between the old City of Courtenay
($262,918) and Crown Isle ($522,244).
⌂In 2009, 37 houses sold for
less than $200,000.So far in 2010 - 8.There were ten sales over $1 million in 2008.
In 2009 – three. So far in 2010 – zero.The 12 month median price (half sales above, half sales below) is $330,000.
⌂Only one area of the ComoxValley
(Union Bay/Fanny Bay) experienced an increase in the average price of a single
family dwelling.All other areas dropped
in price in the 12 months ending April 30th, 2010.The largest declines occurred in Courtenay
South (-18%), Crown Isle(-15%) and
the ComoxPeninsula (-13%) all higher priced areas
with small market shares.
⌂In 2009, approximately
290,000 passengers experienced award winning service through Comox
International Airport (YQQ).The
passenger growth trend for the latter half of 2009 was significantly
upward.YQQ currently offers direct weekly winter flights to Mexico and daily flights to Vancouver,
Calgary and Edmonton. West Coast Air offers twice daily
flights from ComoxHarbour to downtown Vancouver
⌂In September of 2010, the BC Seniors Games will be
hosted jointly by the ComoxValley and Campbell
River.
⌂Costco is coming to Crown Isle on a site adjacent to
Home Depot.
⌂There are 182 REALTORS® in the ComoxValley.
The peak was 240 in 1993.