The British Columbia Real Estate Association (BCREA) reports that a total of 93,953 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2020, an increase of 21.5 per cent from the 77,350 units sold in 2019. The annual average MLS® residential pric...
2020 Year-end report – Benchmark price at new high
The YoY* MLS® Home Price Index (benchmark price) for Bowen Island passed $1.0 million in November, 2020, and ended the year at $1.025 million. Without exception, 2019 was a year of decline across all indicators: The benchmark price reached an all-time high in March, 2019, and then lost 5 per cent of...
The Bowen Island detached home market continued to out-perform 2019 in all indicators. The dollar volume growth rate year-over-year (the past 12 months of activity) was up 132 per cent compared to 2019, number of sales was up 65 per cent, average sold price was up 37 per cent, average sold price per square foot was up 2...
MLS® HomePriceIndex 1 per cent below all-time high.
Average Sale Price 9 per cent above an all-time high.
The Bowen Island detached home market continued to outperform 2019 in all indicators. The dollar volume growth rate year-over-year (the past 12 months of activity) was up 109 per cent compared to 2019, number of sales was up 60 per cent, average...
MLS® HomePriceIndex 2.4 per cent below all-time high
Average Sale Price 3.6 per cent above an all-time high
The year-over-year September HPI or benchmark price was $972,458, just 2.4 per cent below the all-time high of$996,142 in March 2019, when its downward trajectory began. A year later, when COVID-19 restrictions were announced in March 2020, th...
Unprecedented will likely end up being the most over-used word this year; however, it does apply to the market on Bowen since the COVID-19 ‘lock-down’ in March. Although it was a slow and tentative start with several sellers pulling back and others holding back, it was evident by the end of April that there was renewed demand for Bowen real estate...