By Ozzie Jurock
Major point: Prices are very soft, there still is time to get that fine deal. We still hear reports of out-of-town investors in Campbell River, Duncan and Comox accepting huge discounts on properties. Some waterfront properties also are excellent buys. We expect the market to improve in May.
PRICES UP ON THE MONTH (STILL DOWN YEAR TO DATE)
Average prices March/00 March/99 CAMPELL 149,300 131,100 +14% DUNCAN 161,200 152,600 +06% NANAIMO 160,500 153,300 +04% PORT ALBERNI 107,600 100,000 +07% VICTORIA 244,500 240,100 +02% GABRIOLA ISLAND 127,800 134,200 -04%VOLUME DOWN
CAMPELL 29 27 00% COMOX 52 72 -38% DUNCAN 67 85 -26% NANAIMO 113 163 -44% PORT ALBERNI 25 21 +19% VICTORIA 491 534 -09% GABRIOLA ISLAND 4 6 -25%The phenomena ... like Vancouver volume lower on the month than last year but prices rising on the month substantially. Bottom in place.
Cheapest house on the island ... needs TLC = $35,900.
(20 homes under $70,000)
Cheapest house, needs TLC = $55,000.
Cheapest Condo, $38,000
Great 3 bedroom home on 2.28 acres, $109,000
3,000 sq. foot waterfront, $257,000
Cheapest house, needs TLC = $79,000.
Cheapest Condo, $39,900
Cheapest Waterfront Condo, $124,000 (2 bedroom den)
E-mail this story to a friend Print this story Save This Page to del.icio.us
Recent Articles by this columnist:
Debunking the Myths of Yuletide Home Selling
Mortgage Interest Rates - Whither Do They Go?
Should You Sell Your Old Home Before Buying a New Home?
What's a cap rate anyhow?
Developers ignore Feng Shui at their peril
All articles by Ozzie Jurock
Check out this week's Jurock Real Estate Insider Special deal
Have a real estate question? Ask an Expert