Market Stable but Selective in Early 2026
Over the past year, pricing has held relatively steady. The LTM average sale price sits around $1.63 million, essentially unchanged from the prior year and still above 2024 levels. Median and average values are fairly close, suggesting a market without major distortion from extreme outliers. However, the MLS® Home Price Index shows a modest year-over-year decline of about 2.6%, indicating some softening following the rapid gains seen earlier in the decade.
In a regional context, Bowen continues to perform comparatively well. While many Metro Vancouver municipalities have seen sharper benchmark price declines, Bowen’s drop has been more moderate. The island ranked first for price growth in several previous annual periods and remains relatively resilient compared with surrounding markets. This suggests ongoing demand driven by limited inventory and the lifestyle appeal of the community.
Sales and listing data point to a balanced market. Over the LTM period there were 58 sales and 157 new listings, with marketing times increasing slightly. Average days on market are up roughly 10% year over year, reflecting more deliberate buyer behaviour and greater negotiation. January itself was quiet—three sales and eight new listings—but such volatility is typical in a small market and less meaningful than the broader trend.
Price ranges remain wide. LTM sales span from roughly $650,000 to $3.8 million, with a median near $1.5 million. This reflects the diversity of Bowen’s housing stock and highlights how individual high-end sales can influence averages. Vacant land sales are even more variable, as value depends heavily on access, servicing, terrain, and views.
Overall, Bowen’s market appears stable but more measured than in recent years. Prices remain elevated and resilient, yet buyers are taking more time and exercising greater care. Sellers benefit from realistic pricing and strong presentation, while buyers have more room to negotiate and consider options. The key takeaway is continuity: Bowen’s market is not immune to broader cooling, but it continues to hold its ground better than many neighbouring areas.
JANUARY 2026 DETACHED HOMES
SALE PRICE vs LIST PRICE
Low $1,900,000 $1,990,000
High $2,515,000 $2,745,000
Average Sale in Jan $2,207,500
Median Sale in Jan $2,207,500
STATS ON BOWEN is published monthly.
Timothy Rhodes REALTOR®
Source: https://statscentre.gvrealtors.ca/stats/market, collected February 5, 2026.Context/disclaimers: Based on MLS‑registered sales in the Lower Mainland, Jan 2026; residential properties only.
Average values are based on reported MLS sales and may not reflect all transactions. For general market insight only, not financial advice.
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