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Providing Bowen Island's most comprehensive real estate report since 2019

STATS on BOWEN - December 2022

Posted on Jan 25, 2023

Stable, balanced, and sluggish




March 2022 marked the end of historic low interest rates as the Bank of Canada raised the rate .05 per cent, followed by with seven more increases, and yesterday announcing an eighth increase of 0.25 per cent bringing the rate to 4.50. Economists expect this to be the last rate hike...

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STATS ON BOWEN - November 2022

Posted on Dec 11, 2022

Most YoY metrics for Bowen real estate down




Real estate activity on Bowen has slowed dramatically with only one detached home property sold and no vacant land sales registered on MLS® for November 2022.


Both sellers and buyers are waiting for a clear indication of where the Bank of Canada rates, currently at 4...

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STATS ON BOWEN - October 2022

Posted on Nov 30, 2022

First decline in MLS® Home Price Index in 30 months




In October the MLS® HPI registered the first YoY decline since April 2020. Although just a 0.03 per cent decline over September 2022, The HPI is beginning to react to downward pressure by buyers as the Bank of Canada increased its rate by 0.25, 0.50, 0.50, 1.00...

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STATS ON BOWEN - September 2022

Posted on Oct 25, 2022

Median, Average, and Benchmark metrics up slightly in  September 




The September Year over Year Average Sale Price, Median Sale Price, and the MLS® Home Price Index were all up over August. The Average Sale Price ($1,681,302) increased +1.3 per cent over August, recording was the first uptick since April’s record $1...

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STATS ON BOWEN - August 2022

Posted on Oct 07, 2022

Blog post content goes hereAverage and Median Sale Price continues downward trend while Benchmark Price continues upward



The decline in the Bowen Island YoY Average Sale Price and Median Sale Price over the past 4 months continued, registering a -1.5 per cent decline YoY for August and a -12.0 per cent decline YoY...

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STATS ON BOWEN - July 2022

Posted on Aug 24, 2022

Relative stability as Bowen moves towards more typical market activity




Bowen moved to a balanced market with typically slow summer activity during July and August. There have been just 3 sales to date in August, down from the 10-year average of 5. For the month of July, there were 4 detached home sales.

At the end...

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Tim Rhodes

Mobile: 604-341-9488

Phone: 416-910-8183

tim@rhodesonbowen.com

Office Info

Kiwi Innovation Realty Inc

572 Artisan Lane  Vancouver,  BC   V0N 1G2 

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