Comox Valley Real Estate Market – Vancouver Island

Comox Valley real estate has always had tremendous appeal for buyers from across Canada, the U.S., and many other parts of the globe, due largely to its beautiful island setting off the western coast of Canada. The Comox Valley area is situated on Vancouver Island’s eastern shore, with the Strait of Georgia separating it from the city of Vancouver and the lower mainland. There are currently 172 realtors buying and selling properties, just in the Comox Valley. So how do you choose one?

Courtney & Anglin are a trusted and successful team among Comox Valley realtors. We’d like to offer you a glimpse into the past, present, and future of real estate here in the Comox Valley, so that you can make the best decision about either selling your Comox Valley property, or joining this idyllic Vancouver Island community.

Past Statistics

When the market was in its early stages, the lowest number of annual sales occurred in 1998 in the Comox Valley, with 879 properties sold that year. Nearly a decade later in 2007, sales had increased to 2,256 properties, as more people discovered the terrific setting and lifestyle that the Comox Valley has to offer. Since the 25-year average for sales in the area is at 1,538 properties per year, it’s easy to see that interest in the region has remained extraordinarily high.

Present Statistics

Over the past 12 months, 1,958 properties were sold in the Comox Valley region, making 2018 the fourth consecutive year in which sales exceeded the average of 1,538. Clearly, this indicates a continuing trend of keen interest in the area, as more and more buyers become aware of the hidden gem in western Canada.

Even more impressive is the fact that the average sale price of a Comox Valley property for 2018 was over $511,000 – and that figure represents an increase of nearly $100,000 over the prior year. To satisfy the growing demand, properties of all types are being constructed throughout the valley, including homes, apartment condos, duplexes, and even mobile homes.

What the future may bring

There’s no denying it –the Comox Valley has been discovered and recognized as an ideal place for living, working, raising a family, retiring, and just plain enjoying life. Statistics bear out the fact that the real estate market for the area is currently experiencing a strong seller’s market, although trending indicates movement toward a more balanced market. 

Let Courtney & Anglin Real Estate Group help you

Right now, there are a variety of premium homes for sale in Comox Valley, investment properties, and wonderful building lots to be viewed. Contact us at Courtney & Anglin Real Estate and let us find the perfect property for you and your circumstances so that you can become a part of the fantastic community that has developed in the Comox Valley.

And if you’re interested in taking advantage of the current seller’s market, we would love to discuss all the relevant facts and figures with you, so you can make the most informed decision about selling your property.