Aug. 1, 2024
COMOX VALLEY REAL ESTATE MARKET UPDATE JULY 2024
Single Family Homes
The average sell price of a single family home for the month of July 2024 is $850,999. Up 3.15% from $824,993 in July 2023.
95 single family units listed in the month of July 2024, up from 73 in July 2023.
56 residential units reported sold, down 8.20% from 61 in July 2023.
The sell price/list price ratio on single family homes is 97.31%, down slightly from 99.49% in July of last year.
On average, it currently takes 44 days to sell a single family home. Homes are selling slower, compared to 34 days in July 2023.
There are currently 235 active single family homes listed, up 67.85% from 140 in July 2023.
Condos
The average sell price of a condo for the month of July 2024 is $488,626. Up 1.94% from $479,318 in July 2023.
36 condo units listed in the month of July 2024, up from the 24 units listed in July 2023.
19 condos reported sold, down from 22 in July 2023.
The sell price/list price ratio on condos is 99.50%, up from 99.29% in July of last year.
On average, it currently takes 38 days to sell a condo. Condos are selling 7.32% faster, compared to 41 days in July 2023.
There are currently 97 active condos listed, up 102% from 48 in July 2023.
Townhouses
The average sell price of a townhouse for the month of July 2024 is $648,706. Up 8.22% from $599,412 in July 2023.
24 townhouse units were listed in the month of July 2024, up from 15 in July 2023.
16 townhouse units reported sold, down 23.81% from 21 in July 2023.
The sell price/list price ratio on townhouses is 98.61%, down from 99.35% in July of last year.
On average, it currently takes 55 days to sell a townhouse. Townhouses are selling 37% slower, compared to 40 days in July 2023.
There are currently 58 active townhouses listed, up 70.58% from 34 in July 2023.