October’s real estate statistics are clear - the Comox Valley area is continuing to dominate the local real estate market. Much of our region is seeing significant increases in home price and value as well.
What does that mean for our current buyers and sellers? We break down what you need to know:
The Comox Valley Buyer
Home prices in October of 2016 rose 17 per cent over the same time in 2015. The benchmark price here stood at $398,500 for the month. While this is not the highest price point in the region, prices are steadily increasing. What does such a substantial increase in values mean to buyers? Home shoppers will find that the Comox Valley region remains competitive for buyers. The lower inventory typically leads to multiple offers on…