The Comox real estate market continues to change in 2020. As of the 23rd of March there were 45 listings in the seaside town. Single family homes started at $363,900 and increased to $2,750,000. The majority of the houses were listed in the $500,000 to $700,000 price range. Home options included the following home types: heritage, mobile, cottage, rancher, two level with main up, split level, rancher style with basement, split entry, ground level entry with main up, two-storey with main level entry, main level entry with basement, renovated, and Westcoast contemporary. All of the best homes on the market are typically found on the Multiple Listing Service.
The age of homes on listings can show unknown for some of the oldest homes when local records do not have sufficient data dating back to the early days of the home. Others show renovated which means nothing more than that. Although, it would be nice to know how old the home is along with when it was renovated, by whom, and to what extent. Substantially renovated homes, as defined by Revenue Canada, can trigger GST to be applicable on used home sales of this type. The current ages of these listings range from 9 years old to 80 years old. While most of them are 3-bedroom homes, some only have two while others have up to six. Clearly, while the current selection of homes in Comox is limited in numbers, there is a good selection of variety.
This time last February, there were 11 homes listed in Comox. A total of 17 were listed in February of 2020. In the same months, however, the sell to list dropped from 45% a year ago to 35. So, while listings have crept up in numbers the total number selling has dropped. The average sell price in those two months also dropped from $612,000 to $532,400. Most notably is that the days to sell rose from 11 days to 78 days. Based on this month and the previous there is a change coming to this local real estate market. We will know more about any trends when the end of March 2020 numbers are published.
Next to single-family homes in popularity are condominiums (Patio homes and townhouses). This should not be surprising as many older people have recently moved into the local area who do not want the added maintenance of the outside of their home so they choose strata type homes where it is done for them for a monthly fee. Lots are currently very hard to find as are acreages. Much of the land in the local area has been developed and what is not yet developed is often found being held by either developers, builders or private individuals with future plans to relocated to Comox and build.
The seaside community is growing but it is still keeping the small town charm it has become know for. Located beside Comox Bay and with a view of the local mountain range and Glacier, it symbolizes the scenic beauty in much of the surrounding area. And yes, quality of life is another attractive feature of this wonderful little community.