The Comox Valley continues to show resilience and adaptability in a shifting real estate landscape. July brought a mix of steady pricing, increased inventory, and evolving buyer preferences—setting the stage for a balanced market heading into late summer.
July 2025 Snapshot
Average Sale Price (Single-Family Detached): $871,033
Slightly down from May’s $890,338, but still holding strong compared to July 2024.Inventory Levels: Up 24% year-over-year
The highest in five years, giving buyers more options and reducing bidding wars.Days on Market: Averaging 62 days
Homes are selling at a steady pace, with well-priced and well-presented listings moving faster.
Market Trends & Insights
Policy Shifts: The expansion of BC’s Speculation and Vacancy Tax to Courtenay, Comox, and Cumberland is prompting some investors to offload properties, creating new opportunities for buyers.
Interest Rates: With the Bank of Canada expected to lower rates gradually, buyer activity is picking up—especially among first-time buyers and retirees.
Lifestyle Appeal: Communities like Cumberland and Black Creek are seeing increased demand for eco-friendly homes and smart technologies, while Courtenay and Comox remain popular for their amenities and schools.
What It Means for You
Sellers:
If your home features energy-efficient upgrades, smart tech, or proximity to new infrastructure, now’s the time to highlight those assets. Pricing competitively and staging effectively will help you stand out.
Buyers:
With more listings and stabilized rates, July offers a window to negotiate favorable terms. Look for homes with long-term value—think secondary suites, smart features, and proximity to community hubs.
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Disclaimer:
The content presented in this newsletter is intended for general informational purposes only. Real estate market conditions are dynamic and subject to change, and the data shared herein is based on the best available information at the time of publication.
While I am committed to ensuring the accuracy and reliability of the statistics and market information presented, it is essential to recognize that my analysis is crafted from independent research and may differ from mainstream analyses that rely on distinct data sources. Real estate markets are influenced by a multitude of factors, both internal and external, which may not be fully captured in the provided data.
Readers are strongly encouraged to conduct their own research. I provide this information in good faith, and for those seeking a more personalized and detailed analysis tailored to their specific needs, I am available for individual consultations. Your trust in my dedication to delivering accurate and valuable information about the real estate market is sincerely appreciated.