Around Town: Market Minute by Kutyn Appraisals

August 10, 2016

Chris Kutyn of Kutyn Appraisals has recently published a short analysis of the Comox Valley and Campbell River real estate markets. Here are a few highlights from his August newsletter.

Kutyn Appraisals has published an analysis of the Campbell River and Comox Valley real estate markets, offering valuable insights to home buyers and industry professionals. Read that article on Building Links here:

Kutyn Appraisals has published an analysis of the Campbell River and Comox Valley real estate markets, offering valuable insights to home buyers and industry professionals.

  1. The tight rental market forced rental levels up and encouraged first time buyers (renters) into the housing market.
  2. We are witnessing the surge from the lower mainland which is due in part to the influx of buyers from China.
  3. The North Island Hospitals Project is employing 1,000 people, local workers make up about 66% of that number. The two hospitals have a budget of $606 million having major economic impacts in Campbell River and the Comox Valley.
  4. Lack of inventory affecting the supply side of new development due to the expensive and time consuming approval process.

Campbell River (VIREB July statistics)

  • Single Family Sales: 597, up 22% in the past 12 months
  • Average Price: $330,190, up 6% average sale price based on 597 sales

Comox Valley (VIREB July statistics)

  • Single Family Sales: 972, up 17% in the past 12 months
  • Average Price: $391,307, up 9% average sale price based on 972 sales

Article courtesy of Kutyn Property Services.

Receive up-to-date information on building permits, tenders, proposed developments and construction news for the Comox Valley, Campbell River, Port Hardy, Powell River and more locations on the North Island.

Click here for 4 FREE Issues