This past few months have been very exciting in Campbell River. Listings selling in multiple offers, over list price, buyers feeling the pressure to ‘act quickly’ or miss out on a newly listed home for sale. Some quick numbers to give you an idea what is happening.
For a number of years the average days on the market hovered around 80 days to sell and houses were selling for about 95% of the list price. Today that stat has shifted in favor of sellers with the average number of days on the market in Campbell River down to about 60 days to sell and the list to sell price ratio now about 96-97%. For example a house listed for sale for $299,000 would typically sell for about $286,000 and take about 2-3 months to sell.
I had to share this not just to toot my own horn but to show you just how hot this Campbell River market has been over the last couple months.
Here is a recap of the last 9 homes I have sold. All located in Campbell River and all have sold in the last 60 days.
LIST PRICE SALE PRICE DAYS TO SELL
$229,900 $229,500 1
$237,500 $ 240,000 33
$254,000 $ 254,000 1
$262,000 $271,974 3
$265,000 $275,000 5
$308,000 $307,000 28
$445,000 $433,000 26
$318,000 $318,000 16
$419,900 $425,000 29
The average list to sell ratio on the 9 sales above works out to a crazy 101% as a number of these homes sold in multiple offers where we received above list price offers. It is important that I point out these 9 homes were marketed with professional photos and priced competitively based on recent local sales data. Lots of houses are selling, the market is hot that’s for sure.. but pricing and marketing are still key components to getting that sold sticker up!
If you are wondering what the value of your home is in today’s market I am always here to help you with that!
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