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House, apartment prices rising in valley

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House prices in the Comox Valley continue to inch higher.

The benchmark price for a single-family home in the valley is now $579,904. 

Year-to-date, that up 7.1 percent compared to last year.

It’s a similar story with the average price of an apartment, which now sits at $293, 257. That marks a 6.9 percent jump from last year.

The valley continues to grow, too. 

Year-to-date housing starts are up 12.3 percent compared to the first nine months of 2018.

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And while prices and housing starts continue to rise, the real estate market went in an opposite direction.

Vancouver Island Real Estate Board stats show a 14.3 percent decline in single-family home sales in the valley, year-to-date.

Apartment sales also fell 21.9 percent through the first nine months of the year compared to the same period in 2018.

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