After posting the newly updated B.C. waterfront and prime view sales stats from MyLandcor in the members area of Waterfront West, I thought I would take a quick look at the areas with the highest number of waterfront sales (so far) for 2007. So without further ado, here are the results (single family sales only):
1. Williams Lake (Rural)
2. Gulf Islands (Rural)
3. (Port) Alberni Rural
4. Sechelt (Rural)
5. Duncan (Rural)
Although these stats don't tell the whole story (some areas have more waterfront than others so they are bound to be higher on the list), they give a good idea of the current action in the market. Other notable single family areas include Salmon Arm (Rural), the Central Okanagan (Rural), Powell River (Rural), North Saanich (District), Courtenay (Rural), Nanaimo (Rural), Kamloops (City), Chilliwack (District) and finally West Vancouver, where the average SF sale price was an astounding $5, 601, 800!
I decided to take a look back at last year's stats for these regions and compare. Although the current stats for 2007 do not include October-December, it looks like sales may be down slightly year over year; however, waterfront single family prices are up a staggering 10-30% in the above 5 regions. The biggest increase of the 5 areas was in Sechelt, where the average sale price went up by over $300, 000 year over year (and number of sales increased to boot)!
We will post more market details in January when the stats for 2007 are complete. If you would like to view the current stats, just register for our complimentary Buyer's Club by clicking the VISA symbol at the bottom left hand side of the site.
Finally, as promised, here is the first recently reduced property you may want to browse. The owner (private sale) of this beautiful riverfront property has just dropped the price of Option B (113 acres with 3 homes, 2 barns, workshop, greenhouse, infrastructure - one mile river frontage) from $850, 000 to $775,000 for a quick sale. The land is in the wide part of the valley with lots of sun and removed from the road by a 100 yard strip of forested land and a 200 foot river (bridge). The property would be perfect for organic farming.
