2017 Single Family Dwelling Analysis:
Price Range Sell/List Ratio
0 Listing | 12 Sales 92%
4 Listings | 54 Sales 79%
30 Listings | 214 Sales 81%
67 Listings | 330 Sales 78%
42 Listings | 174 Sales 74%
54 Listings | 133 Sales 57%
37 Listings | 65 Sales 56%
37 Listings | 27 Sales 31%
MLS takes all the sales for a time period adds their dollar amount and divides by the number of sales.
- ** The month average is $513,009
- The 12 month/year average is $480,331
- Since January 1 $489,029
This is the absolute middle price, in other words, there are the same number of sales this price as there are above price.
- The month is $487,000
- The 12 month/year average is $459,900
- Since January 1 $469,900
Sell to List Ratio
This shows the percentage of sales in comparison to the amount of listings there are. Typically there is a monthly percentage and a yearly one. The higher the percentage, the busier the market and a stable market would typically be around 55-65%. A seller’s market is over 65% and a buyer’s market is below 55%.
- The month is 79%
- The 12 month/year average is 79%
- Since January 1 73%
Seller to List Price Ratio
Is a percentage showing what the property sold for in comparison to its list price. It is shown monthly and for the year.
- ** The month is 97%
- The 12 month/year average is 98%
- Since January 1 98%
** For the monthly figure this can be misleading. If there are disproportionate amount of higher or lower sales, it skews the average in that direction. All of these statistics can be broken down by area: Courtenay City, Comox, Cumberland, Courtenay East etc.
The can be broken down by product: single family, condo apartment, condo townhouse, lots, acreage etc.
There is wide a variation of interpretation to these statistic and there are a number of other factors which influence them. At Royal LePage, we pride ourselves on keeping you as informed as we can on the market. We would be happy to meet with you to discuss any of these stats further.
Contact any of our agents at any time to discuss the Market Conditions and what is happening in the Valley!