Relying on the advice of  a  REALTOR, it is very important to be property informed on  market conditions might affect  the  results  of  your  Real  Estate Invemtment.

Vancouver Island REal Estate Board,  Multiple Listing Service ( MLS) Sales Summary released by VIREB for  May , 2011 for  the  Cowichan Valley,  shows  five percent decrease in  single family residential unit sales or May 2010,  and  74  single  family residential  units  sold  in  May  2011,  and  78 in  April 2011.    The  average price of a  single family unit sold in  May  2011 $329,221,  which reflects  a  nine percent decrease over  May 2010,  the  average  single  family  home  selling  price  $362,665.

The  President of  VIREB  says: ” We  are seeing long term stability in the market with no dramatic upward pressure on prices expected.    Although you need to look at  a larger window than one month to establish a trend it is encouraging to see consumer interest in our smaller  markets of Campbell River and Port Alberni. 

The  Comox  Valley  reported 100  single family residential units  Sold  in  May  2011,   98  units  in  May  2010,  a  two  percent  increase.  The  Average  Selling  price  in   Comox  Valley  in  May  2011  $366,727,  in  May  2010  $344,890,  a  six  percent  increase.