Tim Rhodes | Realtor® | Kiwi Innovation Realty Inc | Rhodes on Bowen - Bowen Real Estate Report

BLOG & STATISTICS

Providing Bowen Island's most comprehensive real estate report since 2019

STATS ON BOWEN - August 2019

Posted on Oct 07, 2019

As summer draws to an end, the Bowen Island market continues to show signs that it is stabilizing. Comparing year-over-year, many of the indicators in August 2019 are up over July 2019, including Average Price per Square Foot, Sale Price as a Per Cent of Original Price, Median Price, Average Price, and MLS® Home Price Index. The year-over-year Ave...

STATS ON BOWEN - July 2019

Posted on Sep 07, 2019

Increases in YoY dollar volume, number of sales, and average sale price from June is an encouraging sign that perhaps the market is beginning to stabilize, albeit well below the levels experienced during the Q2, 2018. The Real Estate Board of Greater Vancouver REALTOR® Report Sales-to-Active Ratio shows Bowen Island to be in a balanced market (favo...

STATS ON BOWEN - June 2019

Posted on Aug 03, 2019

As we entered the summer of 2019, the real estate market on Bowen Island continued to adjust to downward pressure on prices with higher than normal inventory and slower than normal sales.

At the end of June, using year-over-year (YoY) numbers, the Average Price per Square Foot and Closed Sale Price was down to February 2017 levels, Average Percentag...

Impact of the Stress Test in 2018

Posted on Jul 11, 2019

STATS ON BOWEN - May 2019

Posted on Jul 07, 2019

Buyers in detached home markets may not see further significant corrections. “We expect to see some stabilization by the end of this year, we are going to see [detached home] prices stabilize.” Bryan Yu, Chief Economist, Central 1 Credit Union. (http://bit.ly/detached-housing)
BC government policies designed to bring down house prices have been a bo...

Will Your Remodel Pay Off?

Posted on Jul 01, 2019

The Best and Worst Ways to Spend Your Budget

Most new homeowners have something about their property that they want to change. And as family needs and design trends shift over time, many will eventually choose to remodel. Some homeowners make updates to their property before listing it to maximize their potential sales revenue.