The Comox Valley real estate market is starting 2025 with strong sales and rising prices despite ongoing interest rate concerns.
Single-family home sales jumped 35% compared to last year, with buyers adjusting to the current market conditions. Condos and townhouses also saw huge increases in demand, signaling a shift in buyer preferences.
If you’re considering buying or selling a home in Comox Valley, here’s what you need to know about the latest market trends.
January 2025 Market Highlights
- 27 single-family homes sold (+35% YoY)
- 14 condos sold (+55.56% YoY)
- 6 townhouses sold (+50% YoY)
- 4 land properties sold (unchanged YoY)
Average Sale Prices:
- Single-Family Homes: $937,633 (+11.28% YoY)
- Condos: $363,149 (-7.33% YoY)
- Townhouses: $714,667 (+21.50% YoY)
- Land: $494,659 (+40.83% YoY)
Days on Market:
- Single-Family Homes: 90 days (up from 72 last year)
- Condos: 83 days (up from 32 last year)
- Townhouses: 53 days (up from 21 last year)
What Does This Mean for Buyers and Sellers?
For Buyers:
- More inventory is coming! If you’re house hunting, expect more listings as we head into spring.
- Homes are selling at 98.44% of list price, so lowball offers won’t cut it.
- Mortgage rates are still a key factor – connect with a broker to see what’s possible.
For Sellers:
- Demand is high for townhouses and single-family homes. If you own one, this could be your moment!
- Homes are taking longer to sell – pricing strategically is key to a quick sale.
- Spring listings will increase competition – listing now could give you an edge.
Is Now the Right Time to Buy or Sell in Comox Valley?
The market is gaining momentum, and 2025 is shaping up to be a strong year for sellers. With prices rising and demand increasing, buyers should act fast before the spring market gets competitive.Thinking about buying or selling? Let’s chat! I’d love to help you navigate the market.
