Welcome to my new website & new blog posts. I will post regular market updates specific to the Campbell River area every month here.
For October 2021, we saw a total of 74 residential property sales in Campbell River:
- 49 Single Family Dwelling houses
- 12 condominiums
- 4 half duplexes
- 5 townhomes/patio homes
- 2 mobile homes
- 1 full duplex
- 1 four-plex
Prices of these home sales ranged from $129,000 - $2,230,000, with a total of $47,848,941 worth of property sold. Average sale price for residential properties for the month of October was $646,607. Forty-two of these properties, over 56% of the sales, sold for list price or higher than list price, a huge indicator of the strength of this seller's market.
We continue to see a huge demand for homes in Campbell River with very low supply. We currently have just 84 active property listings, with a strong likelihood that at least 1/3 of these properties already have accepted offers.