The Comox Valley real estate market continues to be very active. Inventory levels for residential housing are down significantly, leading to upward pressure on prices (see graph below showing median price history recently..and for the last 10 years).
December 2020 results by numbers:
The average sell price of a detached home in December 2020 was $690,200; this is a 28% increase from last year.
Residential listings are down 66% compared with last year at this time.
Currently, it takes an average of 48 days for a residential home to sell; this is 47% faster compared to last year.
There was a total of 75 sales of properties over 1 million dollars in 2020.
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