Campbell River Market Update April 2018

Stats from http://www.vireb.com/

The latest stats are out and they clearly show Campbell River is still in a “Sellers Market”  A seller’s market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller.

The average single home selling price has reached an all time high of $412,800 up 15% over this time last year when it was $357,000.
Inventory is at an all time low with only 103 residential active listings.
Vacant lot inventory is down as well with only 18 active listings compared to 45 this time last year.
The average days to sell now sits at “40 days on the market”
To get an idea just how low the Campbell River Real Estate inventory is we went back to March 31 2014 stats to compare and here is a quick run down.
March 31 2014 
284 active homes for sale and 106 lots for sale
March 31 2018 
 103 active homes for sale and  only 18 lots for sale
 
With inventory this low there truly never has never been a better time to sell in Campbell River.  If you have been contemplating making a  move, but not sure what your home is worth Mark and Deanna can help you out.  During this intense sellers market Mark and Deanna have helped many clients navigate through the “what happens if we sell quickly and have no where to move dilemma”   The Shoreline Team has many options and strategies to ensure their clients don’t end up with a quick sale and no where to go!
Call us today to learn more!