Sales on Bowen Island during April continued to be flat with only 10 sales from November 2018 through April 2019. The number of sales year-over-year (YoY) was down (31.8 per cent) and year-to-date (YtD) was down (-65.0 per cent), while dollar volume of sales was down year-over-year (-42.9 per cent) and year-to-date (-72.4 per cent). These signific...
Predictions that interest rates will not increase over the coming year should help rekindle interest in buyers, who have been reluctant to engage over the winter.Buyer reluctance – the result of new and increased taxes imposed by the BC Government and the mortgage stress test which has eroded the consumer’s buying power – continues to exert downwar...
Total Dollar Volume for the 12 months ending 28 February 2019 was down -17.5 per cent compared to the same period in 2018. Sold price averaged 94 percent of List price. Total Number of Sales was down -15.4 per cent, Median Price was down -7.7 per cent, and Average Price was down -2.8 percent. Twenty-eight of the 55 properties sold on Bowen Island i...
The market for detached properties on Bowen Island remained stagnant as we entered 2019. New inventory was added in January but buyers have not stepped up. Eight properties were listed or re-listed in January and one property was sold. Median Sales Price was down -6.0 per cent year-over-year (YoY) and Average Sale Price was down slightly at -0.4 pe...
The market for detached properties on Bowen Island continues to be slow and flat, with only one sale recorded for the month of December. The Number of Sales for 2018 was the lowest since 2013, down 13.4 per cent compared to 2017 while Dollar Volume of Sales was down 11.5 per cent but still above 2016 levels. The Median Price year-over-year (YOY) co...
The market for detached properties on Bowen Island continues to be slow and flat, with Number of Sales up 5.1 per cent year-over-year YOY and down 8.5% year-to-date (YTD); Dollar Volume of Sales up 2.4 per cent YOY and down 9.3 per cent YTD; and Median Sales Price up 1.2 per cent YOY and up 0.7 per cent YTD.