BI - 2016 Stats Post #3

Bowen Island BC 2016 Real Estate Sales Statistics (January to December)

My last 2016 Bowen Island sales stats post (#2) took reporting up to and including September. This post will cover all of 2016.

I would like to mention that I turn to Macdonald Realty (MR) for BI’s real estate sales data. I have been using their monthly reports since they began posting them in Dec 2014. MR uploads reports for each REBGV market area, Vancouver Island, and the Okanagan. These stats are posted to their blog page. MR began posting their new stat “lite” report Jan 2015. The previous .pdf file was replaced by a .jpeg image like the Bowen Island Jan 2016 example below. For larger centres, the jpeg includes condo/townhome sales.

BI – 2016 Stats Post #2

Bowen Island Sept 2016 Sales Stats

The downward momentum continues for detached sales on Bowen. September saw 4 sales – down 2 sales from August and the benchmark sales price (that harbinger of trend – so says the Great Oracle: the REBGV) dipped $500 after establishing a new peak price in August at $797,900. However, Active Listings bucked the downward movement ending the month up 7 over August.  So, we have: falling sales, falling benchmark, and rising listings; hmm, sounds like a good mix for price drops, wouldn’t you agree? And, to rub salt into the wound, the YTD detached sales are down -26.0% compared to last year.

BI - 2016 Stats Post #1

Bowen Island Jan-Aug 2016 Sales Stats

At last, the 2016 sales stats; but, before I get to the numbers, I would like to say a few words about my data source. I've only found one realty firm that posts month-to-month sales stats for Bowen Island – Macdonald Realty. You can find those stats for BI and for all board areas posted to MR’s blog. They also post stats for Whistler, Squamish, Greater Victoria and the Okanagan.

MR began posting Bowen Island sales stats as a downloadable .pdf file back in Feb 2015. These ‘Market Hot Sheets’ gave the number of sales, the median sales price, average days on market and number of active listings for the current month, preceding month and year-over-year. As well, they illustrated the market status: sellers, balanced or buyers.