Across the nation CREW lists data for 5162 neighbourhoods, and this month Bowen Island is number 35 putting it ahead of most neighbourhoods .
The $1,225,000 price tag on the median Bowen Island home means that it is quite highly priced by Canadian standards.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
When we look at the data we have, it can help with trying to establish whether or not Bowen Island is a good investment target.
If you are looking at investment properties in Bowen Island, 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.
As one of British Columbia’s many potential real estate investment neighbourhoods, Bowen Island needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.