The average house price continues to grow in the Cowichan Valley as the number of listings available for Buyers remains low for June 2017. The limited supply of properties, together with the high demand from local buyers as well as buyers from all over Canada has lead to a consistent increase in house prices within all areas in the Cowichan Valley. It’s hard to say whether this increase will slow down anytime soon as the Cowichan Valley still remains an affordable option for retirees as well as commuters into Victoria.
Below is a graph showing the average house prices in the Cowichan Valley over the last 2 years. As you can see there is a steady increase in the average house prices for Single Family Homes.
The below map labels the number of sales for the month of June as we as the average house price for the area. Be aware that these averages are based on a small sample and to contact the Hobden Real Estate Team for a precise Current Market Analysis on your property.