Average prices since 2014 in Campbell River

In 2014 the average single family home sale was $304000.
In 2015 the average sale price was $318000.
In 2016 we broke all of Campbell River’s previous highs and as of Dec 31, 2016, the average sale price was $343000! That is an increase of 8%.
Strata properties are where we have seen the most growth with a 91% increase in sales in 2015 and another 48% increase in 2016.
Patio home sales were up 124% which means there were a lot of multiple offers on patio homes this year. Townhouse sales were up 70%.
The February 2017 benchmark price of a single-family home in the Campbell River area was $318,100, an increase of 17% over February 2016, while the benchmark price of an apartment in February 2017 rose 26% compared to February 2016.