Dean Thompson
Cell:250-898-4777
Office:250-339-2021
Toll Free:888-829-7205

Comox Valley Real Estate - February 2024

The real estate market chart above indicates Buyers have the upper hand; however, desirable homes in sought after locations are still experiencing multiple offers.  As the days get longer, the number of listings and sales will continue to rise.

  

January 2024 Statistics:

  • The average sell price of a detached home in January was $852,500; this is up 3.4% from last month and up 18% from a year ago.
  • There were 132 active residential listings at the end of January.  This is up 9.1% from last month (121 listings) and down 2.2% from a year ago (135 lisitings).  
  • A total of 21 residential listings sold in January; this is down 8.7% from last month and down 32% from last year.
  • It currently takes an average of 70 days for a residential home to sell; this is the same rate as last year's January 2023 results.


For detailed information, visit Comox Valley Real Estate Statistics or contact me directly. 


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          Interest rate remains unchanged

          The Bank of Canada announced its key overnight lending rate will remain at 5% on January 24, 2024.  This is the fourth announcement in a row where interest rates have remained unchanged.  Many economists feel interest rates will start to decline through 2024.

             

          To help understand and analyze how changes in interest rates affect your mortgage, please visit:  my mortgage calculator


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          Mount Washington

          Mount Washington remains OPEN daily!

          Mount Washington Alpine Resort is open daily until April 7, 2024 for skiing, snowboarding, nordic, fat tire biking and the Tube Park. There is night skiing on Friday to Sunday until 9pm. 

          The mountain survived high temperatures and rain to start February and more snow is on the way.  For current information and snow conditions, visit  www.mountwashington.ca


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          MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.