July 2013 Comox Valley Graph Stats

⌂  Crown Isle is opening a 60 lot subdivision on the north side of Ryan Road (Same side as Costco.)  The residential lots are expected to range from $149,000 to $169,000. The Comox Valley’s Beaufort Vineyard and Estate Winery captured 27 medals in three competitions, one international, one North American and one Canadian.  Bulk Barn, Canada’s largest bulk food retailer is now open in the Comox Valley.  In Campbell River, construction began on the $24 million Berwick seniors centre adding 133. The Catalyst mill site has been sold but no use for the property has yet been detailed. Two new projects have received municipal approval – a 55 room hotel and a 47 unit rental apartment block.

⌂  The passenger count through Comox International Airport (YQQ) for 2012 was 327,827.  In 2001, the passenger count was 132,000.  YQQ currently offers several direct weekly winter flights to Mexico and daily flights to Vancouver, Calgary and Edmonton.  Harbour Air offers several daily flights from Comox Harbour to Vancouver Harbour.

⌂  YTD in 2013, 21 houses have sold for less than $200,000.  In 2012 – 37 in 2011 – 36, in 2010 – 29, in 2009 - 37.  There were ten sales over $1 million in 2008. In 2009 – three. In 2010 – one. In 2011 – two.  In 2012 – 0 and YTD in 2013 – 2.  The 12 month median price (half sales above, half sales below) is $326,500.

⌂  If you bought an average home in Cumberland in 2003 you paid $108,058.  Today’s price is $277,404 (down 6% from 2012.).  The largest local current price differential is between the old City of Courtenay ($272,802) and Crown Isle ($495,036).

⌂  YTD in 2013 68 houses per month have sold.  (For 2012, the number was 68, 2011 - 66, for 2010 - 68, for 2009 - 73, for 2008 - 69, for 2007 - 100.)  72% of all residential sales occurred in the municipalities of Comox - 31%, Courtenay – 34%, and Cumberland - 7%.  Houses make up 62% of the 1100 residential properties currently offered for sale (condos – 30%, mobiles - 4% duplexes – 3%.  The active inventory of all properties is 1534, nearly equal to 1536 in 2012.. 

⌂  The 12 month average sale price of a Comox Valley home is $337,003, down 5 % from 2012. The average lot price is $143,343, down 11%. If you purchased an ‘average’ home in 2003, you paid $169,153.  If you bought an average lot, you paid $64,200.