Cortes Island Real Estate

MARKET UPDATE Summer 2008

Summer is now in full swing on Cortes Island and the visitors have arrived.

There are a lot of properties listed on Cortes Island for you to consider this summer! There is a new subdivision going in on Carrington Bay Road in the Whaletown area. The Boulder Point water access waterfront properties are still on the market as are the Tiber Bay Eco Initiatives properties. These can all be found on mls.ca soon to be renamed REALTOR.ca You will find the well priced properties are selling quickly so if you see something that interests you give me a call sooner rather than later!

http://www.mls.ca

http://www.realtor.ca

There are a number of new listings on the web site with more to follow as the season progresses.

VIRTUAL TOURS

An exciting new addition to the site is the Virtual Tour feature. Once you are on the virtual tour page, click on the photos on the left for each of the four tours. There is a tool bar at the bottom of the photo where you can pause and zoom in on the photo. There is a musical slide show feature as well. This is a fun way to get a good look at the homes listed.

Sales on Cortes 2008

So far this year there have been eight sales of properties on Cortes Island. Four raw land acreages, one 3 bedroom home on small acreage, 3 bedroom home on 10 acres, a 3 bedroom home with 1 bedroom suite on 2+ acres and Siskin Lane lot 20 with yurt, service building, bath house and approved septic system.

CORTES ISLAND REAL ESTATE MARKET TREND 1991 to 2008

Based on number of properties sold by realtors

Peaks in raw land sales were the result of subdivisions going on the market plus the sale of a number of F1 (forest zone) lands sold by a timber company.
1992 ~ Raven Forest Products Olmstead Road subdivision (10 acre properties)
1995/96 ~ Raven Forest Products Olmstead Road phase 2 (10 acre properties)
2003 ~ MacBlo (forest company) holdings... sale of large blocks of land
2005 ~ VonDonop subdivision (water access 10 acre properties)
2005 ~ Yakka Way subdivision (2.5 acre view & waterfront properties)
2006 ~ Siskin Lane bare land strata subdivision

Information provided by

Vicki deBoer

Discovery Islands Realty

Home office on Cortes Island

Phone/fax 250-935-6716

vdeboer@connected.bc.ca

www.cortesislandrealestate.com

phone: 250 935-6716 or 1866-568-4057
cell: 250-287-0263.
fax: 250-935-6716
email:vicki@cortesislandrealestate.com

Box 100, Whaletown
Cortes Island,
British Columbia, Canada