Real Estate Inventory Duncan & Cowichan Valley
At the end of June, our real estate inventory for single-family dwellings in the Cowichan Valley increased slightly to 330 active homes compared to 321 active ones in July 2024.
Our average sale price for a single-family dwelling in the Cowichan Valley in July was $802K, an small increase increase from $789K in July 2024.
The sell/list ratio rose to 46.5% in July (134 listed/65 sold), up from 36.55% in July 2024.
In general, homes are selling close to the list price, with the market’s sale prices averaging 97.38% of the list price – consistent with results from the last few months.
Our average "days on the market" was 45 in July 2024, consistent over the last few months but likely to increase with increased inventory.
Please contact our team with any real estate-related questions; we’re here to provide you with the guidance and advice needed for this type of market.