Comox Valley Real Estate and Community News

Feb. 11, 2020

Market Stats Update for January 2020

As of January 31st, 2020 we had 186 active listings. Up 1.1% from 184 this time last year. 29 listings were sold in January. Down 33% from 43 sold this time last year. On average it takes 73 days to sell, 74% slower compared to January 2019.

 The average sale price of a detached home is $569,100. Up 2.1% from $557,200 this time last year.

The average sale price of attached town homes is $313,400. Down 12% from $356,400 this time last year.

The average sale price for condos is $401,400. Up 11% from $363,100 this time last year.

 For a more detailed market analysis on your home, call, text, or e-mail us directly at 250-897-9813 or info@samuelennis.ca. We’d love to hear from you.

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Posted in Blog, Samuel Ennis
Jan. 8, 2020

Market Stats Update for December 2019

As of December 31st, 2019 we had 177 listings. Down 4.3% from 185 this time last year. 38 listings were sold in December. Up from 24 sold this time last year. On average it takes 99 days to sell, 191% slower compared to December 2018.

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The average sale price of a detached home is $528,300. Up 1.2% from $521,800 this time last year.

The average sale price of attached town homes is $367,500. Down 2.9% from $378,500 this time last year.

The average sale price for condos is $282,500. Down 6.1% from $300,900 this time last year.

For a more detailed market analysis on your home, call, text, or e-mail us directly at 250-897-9813 or info@samuelennis.ca. We’d love to hear from you.

Posted in Blog, Samuel Ennis
Dec. 13, 2019

5 Tips To Sell Your House

The decision to sell your house can be exciting and overwhelming all at once. Despite the reality of that latter emotion, there are some things home sellers can do to alleviate the stress. Start with a game plan using the five tips below for a less-stress selling experience.

  1. Get to know the real estate market: Knowing the ins-and-outs of the real estate landscape is helpful, so you know what you’re getting into and you can manage your expectations. Some things to consider are average sale price on your street, potential interest rate increases or reductions in the near future, whether’s it’s a buyer’s and seller’s market, and affordable or “liveable” neighbourhoods that prospective buyers look for. We can help!
  2. Prepare your paperwork: Potential buyers and their agents will ask a lot of questions about your home, so preparing the paperwork in advance is helpful once you start showing your home. Prepare things like utility bills, tax bills, renovation details, warranties, mortgage details, survey and rental contracts.
  3. Declutter: Getting rid of unused items and furniture will make your move easier, and potential buyers will respond better to a clean, clutter-free home. It takes many years to accumulate all that “stuff” so be realistic about how long it will take to clear it out. Try tackling one room per day, starting with the basement!
  4. Start stocking up on boxes and moving supplies: As you get ready for the move, keep an eye open for supplies that may be useful. Stock up on old newspapers and collect old or unused boxes from your office or local grocery store.
  5. Find a good real estate agent: Agreed, we have a bias when it comes to a DIY home sale versus working with an experienced pro. While it’s ultimately the seller’s choice whether they want to work with an agent or go it alone, here are five facts about FSBO transactions to consider before you make your final decision.

These five simple steps will put you on the right track to sell your house. As overwhelming at the process might seem at first glance, don’t forget to enjoy the excitement of it all, and remember that you’re not alone. A RE/MAX agent will work with you from start to finish, to ensure a stress-free home sale!

 

-Sourced from Re/Max Blog

Posted in Blog, Samuel Ennis
Dec. 6, 2019

Market Stats Update for November 2019

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As of November 30, 2019, we had 209 listings, up 5% from 199 in November 2018. 49 listings were sold in November, up 2.1% from 48 in November 2018.

On average, it takes 48 days to sell a residential home. Homes are selling 14% slower, compared to November 2018

The average sale price of a detached home is $619,600. Up 12% from $552,500 this time last year. The average sale price of a townhome is $361,400. Up 0.7% from $359,100 this time last year.

The average sale price of a condo is $269,600. Down 11% from $301,300 from this time last year.

For more information on the current market or for a Comparative Market Analysis on your home contact us directly at 250-897-9813 or info@samuelennis.ca

Posted in Blog, Samuel Ennis
Dec. 6, 2019

Comox Valley Real Estate Referral Rewards. Buy, Sell, Refer and WIN!

Comox Valley Real Estate Referral Rewards. Buy, Sell, Refer and WIN!

How to Qualify:

Þ Refer a buyer or seller with a successful closing

Þ Purchase a property

Þ Sell a property

Choose to donate to a charity of your choice, a pre-paid Visa card.

All qualified names will be put into a draw to win a $2,500 Travel Voucher. The winner will be announced in January 2021 for all 2020 closings.

If you have referred us a client, please let us know so that your name is put in and we can thank you. It's that easy!

Posted in Blog, Samuel Ennis
Nov. 5, 2019

Comox Valley Real Estate Market Statistics for October 2019

The Comox Valley is sitting in a balanced Real Estate Market. Here are the stats:
As of October 31, 2019 we had 243 listings, up 19% from 204 this time last year. 62 listings were sold, up 17% from 53 this time last year. On average it takes 58 days to sell, 61% slower, compared to October 2018.
The average sale price of a detached home is $577,200, up 10% from $523,300 this time last year. The average sale price of a townhome is $381,100, down 8.8% from $417,800 this time last year. The average sale price of a condo is $347,700, up 22% from $285,600 this time last year.
Posted in Blog, Samuel Ennis
Oct. 7, 2019

Comox Valley Real Estate Market Statistics for September 2019

The Comox Valley Real Estate Market has taken a shift from a balanced market to a buyers market partially due to an increase in inventory. It takes on average 54 days to sell a single-family home. Homes are selling 23% slower compared to September 2018.

As of September 30, 2019, we had 278 listings, up 31% from 213 this time last year. 59 listings were sold in September, up 3.5% from 57 this time last year.

The average sale price of a detached home is $582,000. Up 15% from $507,200 this time last year. The average sale price of townhomes is $371,700. Up 10% from $337,400 this time last year. The average sale price for condos is $306,100. Down 4.3% from $319,900 this time last year.

For more information on the Comox Valley housing market or a detailed analysis on your home contact Samuel Ennis at 250-897-9813 or info@samuelennis.ca

 

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Posted in Blog, Samuel Ennis
Sept. 10, 2019

Comox Valley Real Estate Market Statistics for August 2019

The Comox Valley is currently in a balanced market meaning it's at a happy medium between buyers and sellers.

As of August 31, 2019 we had 284 listings, up 27% from this time last year. 74 listings were sold, up 1.4% from August, 2018.

On average, it takes 40 days to sell a residential home. 60% slower compared to August 2018.

Average sale price for a detached home is $567,500, up 1.5% from $599,100 this time last year. Town homes averaged out to $328,700, down 4.5% from $344,300 this time last year. The average condo sale price was $276,700, down 9.4% from $305,300 in August 2018.

For a detailed market value on your property click below.
Aug. 8, 2019

Comox Valley Real Estate Market Statistics for July 2019

The Comox Valley is currently sitting in a balanced market.
In July 2019 we had 302 listings, up 29% from July 2018. 89 listings sold in July 2019, up 39% from July 2018. On average, it takes 38 days to sell a home, 15% slower than July 2018. The benchmark price for a detached home is $516,200, down from $535,000 July 2018.
For more information or to receive a free market evaluation call 250-897-9813 or e-mail justyna@telus.net to book an appointment.

Posted in Blog, Samuel Ennis
July 5, 2019

Market Update: Statistics for June 2019

As of June 30th, 2019 we had 327 listings. 71 Listings were sold in June.
Average sale Prices on detached homes went down 0.7% from June 2018 to $542.500, condos up 5.1% from June 2018 to $314,200.
On average, it takes 48 days to sell a residential home, 78% slower than June 2018.
 A new record! RE/MAX OPR holds 58.1% of the Market share in the Comox Valley! Just another reason to use a RE/MAX agent.

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Posted in Blog, Samuel Ennis