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...
The YoY Median Sold Price exper...
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...
STATS ON BOWEN – March 2022
Posted on Apr 15, 2022
Further Bank of Canada rate increases expected
Those with floating variable rates will see their payments rise, while those with fixed-payment variable mortgages will have more of their payment...
STATS ON BOWEN - February 2022
Posted on Mar 10, 2022
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...
STATS ON BOWEN - January 2022
Posted on Feb 14, 2022
Upward pressure on prices continues
There were no surprises in the January stats. The MLS® HPI (Home Price Index) or benchmark price YoY increased 33.1 per cent to almost $1.39 million, the Average Sale Price increased 27.1 per cent to $1.75 million, and the Median Sale Price increased 12.6 per cent to reach $1...
STATS ON BOWEN - December 2021
Posted on Jan 17, 2022
The past 18 months accounted for 56.1 per cent of the benchmark price increase during the last decade.
During the 12 months of 2021 on Bowen Island, the Average Sale Price increased 25.0 per cent, the Median Sale Price increased 11.4 per cent, and the MLS® HPI or benchmark price increased 33.7 per cent. Dollar...
