Comox Real Estate Market Stats: November 2023 Update

Comox, British Columbia, is a picturesque coastal town known for its stunning natural beauty, vibrant community, and a real estate market that has been a topic of interest for both homebuyers and sellers alike. As we dive into the real estate statistics provided by the national MLS for November 2023, let's take a closer look at the trends shaping the single-family home market in this charming seaside destination.

Key Market Metrics for Comox in November 2023

  • Number of Active Listings: 42
  • Number of Sales: 6
  • Median Sale Price: $791,225
  • Average Days on Market: 57

Number of Active Listings

In November 2023, Comox had 42 active listings for single-family homes, which remained consistent with the previous month. However, it's worth noting that there was a decline from November 2022 when there were 60 active listings. This decrease in available homes on the market may influence competition among buyers, which means potential buyers may want to act swiftly when they find their dream home.

Number of Sales

In November 2023, a total of 6 single-family homes were sold in Comox. This marks a decrease from the 12 homes sold in November 2022. While November 2023 saw fewer sales compared to the same month the previous year, it's important to consider that market conditions can fluctuate, and various factors may have contributed to this change.

Median Sale Price

The median sale price for single-family homes in Comox during November 2023 was $791,225. While this figure is lower than the median sale price recorded in October 2023, it's important to take into account the seasonality of the market. Comparing November 2023 to November 2022, there has been a modest decrease from $801,200. Despite fluctuations, the Comox market retains its stability and attractiveness to potential buyers and investors, especially during the winter season.

Average Days on Market

In November 2023, the average number of days on the market for single-family homes in Comox was 57 days, showing an increase from the previous month's figure of 26 days. However, it's essential to remember that last November, the average time on the market was 33 days, indicating a more rapid pace of sales. The longer days on market in November 2023 may be influenced by seasonal factors, such as decreased daylight and the holiday season.

What Does This Mean for You?

As winter settles into Comox, BC, the real estate market in November 2023 remains steady, offering a balanced supply of active listings and reasonable prices. While there have been fluctuations in sales and pricing compared to the previous year, the market continues to be attractive for those looking to buy or sell single-family homes. If you're considering entering the Comox real estate market this winter, it's essential to be aware of seasonal variations and make informed decisions to achieve your real estate goals.

For more information or if you have any questions about the Comox real estate market, don't hesitate to contact our experienced team of local experts. We're here to assist you in navigating the unique opportunities and challenges that the winter season brings to the Comox housing market.

Data sourced from National MLS as of December 2023. All information is believed to be accurate but is not guaranteed and should be independently verified.

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