October price indicators trended towards stability although all indicators continue to be significantly down year-over-year. Year-over-year sales for detached homes in the Bowen Island market under $1 million accounted for almost 60 per cent of all sales, with sales under $800,000 representing 20.5 per cent of totql sales and sales between $800,000...
Although still well below the 3-year highs and down year-over-year,September price indicators continued to show signs of stability when compared with August and July of this year. The YoY Average Sales price was up +2.9 per cent from July 2019 and up +0.3 per cent from August 2019. If this trend continues, YoY price indicators could be close to or...
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...
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...
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...