Real Estate Market Report for
Courtenay, BC

Updated : Aug 2016
House
  • Median price $449,900
  • Monthly growth 5.88 %
  • Quarterly trend
  • Stock on market 1.78%
Apartment
  • Median price $204,900
  • Monthly growth -2.38 %
  • Quarterly trend
  • Stock on market 0.90%
Courtenay Home Price

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Canada’s national median home listing price this month is $290,900, which means that Courtenay is in the top 20% for Canada.

With Courtenay’s median house price at $449,900 in Aug , it is above average compared to the rest of British Columbia.

How big are the houses being sold in Courtenay? This month there are 2 one bedroom 37 two bedroom 97 three bedroom 39 four bedroom 19 five bedroom homes on the market.

British Columbia has the third most amount of properties available to property investors, with Courtenay having 21th most in the province, out of a total of 359.

Can we guarantee how well Courtenay is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

If you are looking at investment properties in Courtenay, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.

Courtenay was Canada’s 544th most expensive suburb by listed median house price this month.

The $204,900 price tag on the median Courtenay home means that it is about average price.

In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.

From our data, it appears that neighbourhood is number 84th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

When we look at the data we have, it can help with trying to establish whether or not Courtenay is a good investment target.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Courtenay, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 148, this month we show 102.

Beds Median price (House) Median price (Apartment)
1 bedroom $317,500 $94,900
2 bedrooms $394,900 $219,900
3 bedrooms $429,900 $249,900
4 bedrooms $499,900 $275,750
5 bedrooms $459,900
6 bedrooms $889,950
Demographics

Corresponding census subdivisions are provided for the following place names where data is not available.

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