The upward trend in detached home prices on Bowen Island continued to slow. The Year-over-year Average Sale Price in October compared to September was 0.5 per cent and the Median Sale Price changed 0.6 per cent. The YoY MLS® Home Price Index in October compared to Septe...
The third quarter of 2021, July through September, registered the least number of sales since 2012, with only one-third compared to Q3 2020 and less than half compared to Q3 2019. Inventory in the first three quarters of 2021was the lowest in 10 years for Q1-Q3. At the sam...
Number of sales and dollar volume of sales down in August
Coming out of the slowest July and August since 2012, the third quarter of 2021 is shaping up to be the slowest in 9 years, and without new inventory, the 4th quarter will follow this trend.
Property sales were slow on Bowen with just 2 s...
The number of sales and the dollar volume of sales for the month of July 2021 was a record low compared to the same month over the last 10 years. Typically, the market slows during the summer months as many buyers are on vacation, and this year the slow-down was exacerba...
There is a heat dome over the Bowen real estate market and it cooled only slightly in June as year-over-year metrics continued to register record highs.
I am often asked if prices will go down. After the usual disclaimers about economic downturn, natur...
Comparing the last 12 months of activity (YoY), the MLS® Home Price Index or benchmark price for a detached home on Bowen Island in May 2021 increased 23.9 per cent over May 2020, up $226,932 to $1,173,525, and the highest percentage inc...