BLOG & STATISTICS

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

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...

Read More

STATS ON BOWEN - June 2022

Posted on Jul 20, 2022

Bowen market registers first decline in the MLS® Average Sale Price in a year



June 2022 saw the YoY Average Sale Price* down slightly at $1,749,019 or -0.43 per cent from the YoY record high in May 2022, notable because it is the first decline in a year. The YoY Average Sale Price increased 24.2 per cent over the...

Read More

STATS ON BOWEN - May 2022

Posted on Jun 26, 2022

As market softens, rate of price increases will de-escalate.



Although the last 12 months of activity or YoY MLS® Home Price Index increased by $26,250 April to May and, at $1,474,950, represented a 60 per cent increase from May 2020, there are indications that market is softening.

The YoY Median Sold Price exper...

Read More

STATS ON BOWEN - April 2022

Posted on May 25, 2022

Chances of real estate market crash is low




The number of sales of detached homes on Bowen Island decreased -28.0 per cent year-over-year and the dollar volume of sales was down -10.5 per cent – in part due to the very low inventory levels over the winter. Prices continued an upward trend with the benchmark pric...

Read More

STATS ON BOWEN – March 2022

Posted on Apr 15, 2022

Further Bank of Canada rate increases expected




On April 13th, the Bank of Canada raised its rate by 0.50 per cent to 1.0 per cent. Canadian Mortgage Trends reported:
Those with floating variable rates will see their payments rise, while those with fixed-payment variable mortgages will have more of their payment...

Read More

STATS ON BOWEN - February 2022

Posted on Mar 10, 2022

Pressure building on the status quo

Use this link for an interactive report



We saw no dramatic change in February 2022, and all metrics saw YoY increases except for inventory and number of sales. Bowen Island continued to lead Metro Vancouver in percentage increase in the MLS® Home Price Index compared to 2019; however, it ranked 6th when compared t...

Read More

Get In Touch

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 

Stay Connected