Cortes Island Real Estate

MARKET UPDATE Winter 2011

Winter has arrived but we are enjoying relatively dry weather for this time of year with fewer big storms. The island pace has slowed down for outdoor activities and now there is time for visiting with family and friends. If you are considering island life now is a good time to make your move. Food production, community connections and family ties are all important components of island life. Cortes Island offers natural beauty galore which sparks the desire to slow down, look around and enjoy nature.

New listings continue to come on the market so check this web site often.

Prices have fallen making it possible for dreams to come true for many people who have been dreaming of owning property on Cortes. More and more people are looking to simplify their life and live in a safe community that cares about the environment. Families want to get back to the basics and raise their own food, participate in community activities and enjoy the wonders of nature. Some buyers are looking for that ideal family get away property that can be passed on to future generations. These buyers are looking for a property where the whole family can gather and enjoy being together in a safe environment that offers lots of outdoor things to do for all ages. Whether you are looking for a full time home or a get a way property Cortes Island has a lot to offer!
For all listings on Cortes Island you can email us and we can send you a current list or you can go to: . Narrow your search down to Cortes Island.www.REALTOR.ca
If you want to stay on top of the market we can sign you up for regular MLS updates via email

Sales on Cortes in 2009

In 2009 there were 11 sales of properties on Cortes Island
1 raw land 10 acre property
PLUS: 6 homes on acreage and 4 waterfront homes on acreage.

2 bedroom basement home on 7 acres at the south end. Sold $217,000
2 bedroom older home on 2.75 acres in Cortes Bay area. Sold $249,000
1 bedroom older waterfront old home with shop on 1 acre in Cortes Bay. Sold $392,500
3 bedroom older home on 1 acre in the Smelt Bay area. Sold $275,000
3 bedroom character home on 1.4 acre with view of Whaletown Bay. Sold $295,000
32 acre water access in Manson’s Bay waterfront property with 2 dwellings. Sold $1,500,000
2 bedroom plus full basement & den view home in Whaletown on 2.4 acres. Sold $385,000
3 bedroom waterfront home plus cabin on .71 acres on Hague Lake. Sold $505,000
3 bedroom waterfront home on 1.4 acres on Potlatch Road. Sold $599,000
10 acre property with creek, pond and springs in Coulter Bay area. Sold $140,000
2 acres with 2 bedroom home with all services in uptown Manson’s. Sold $237,000
Sales on Cortes in 2010
There were 21 sales in 2010: *= raw land

*3.47 acres with drilled well lots of road frontage on Squirrel Cove Rd

Sold $75,000 US

*2.47 acres with drilled well and driveway nice south exposure

Sold $145,000

.98 acre view property in Squirrel Cove area with older log home

Sold $150,000

12.6 acres with cabin, sheds, established gardens, creek and forested area

Sold $195,000

2 acres with older one bedroom home and studio in Smelt Bay area

Sold $232,500

2.47 acres with yurt, cabin, kitchen/bath house, septic, garden & well

Sold $233,500

10.23 acres with unfinished studio, S exposure, creek and power shed

Sold $240,000

0.38 acre ocean view home on landscaped property with B&B suite Sold $250,000

*38 acres in Seaford, sunny south facing raw land property (F1 & ALR)

Sold $285,000

2 acres with spacious older 4 bedroom home in Smelt Bay area

Sold $285,000

28.18 acres with 3 dwellings and a shop all in need of repairs

Sold $300,000

*1.5 acre undeveloped property with big trees on S side of Hague Lake

Sold $315,000

4.27 acres of waterfront with lovely home in magical park like setting

Sold $345,000

29.15 acres with newly updated log cabin in Gorge Harbour area

Sold $350,000

0.37 acre semi waterfront 3 bedroom home with studio cottage on Hague Lake

Sold $350,000

11.14 acre forested property with beautiful top quality log home and 2 gardens

Sold $355,000

18.48 acres with panoramic views, unfinished new home and mobile

Sold $432,644

2 acres of waterfront in Whaletown Bay with a nice 4 bedroom home

Sold $440,000

1.58 acres semi waterfront in Smelt Bay with an old cottage

Sold $450,000

*7.18 acres of waterfront at Seaford.
Ownership is via a share in a company

Sold $789,000

2 acres with a trailer under cover and cleared home site in Gorge Harbour area

Sold $90,000

Sales on Cortes in 2011
There has been 10 sales so far this year: *= raw land

2.36 acres at the end of the road with small cabin & shop

Sold $150,000
2.36 acres with a little cabin attached to boat building shed Sold $130,000
2 acres with an older duplex in need of TLC Sold $125,000
10 acres with a very private together little home. Drilled well. Sold $280,000
4.73 acres with rustic character cabin & unfinished studio. Sold $232,000
14.4 acre hobby farm with large upscale home and big shop    Sold $517,000

.2 of an acre with old church building. No services.

Sold $50,000

10.3 acres with minimal development, drilled well.

Sold $99,000
3.7 acres with hybrid cob/frame studio in Siskin Lane (HST payable) Sold $150,000
13+ acre property with good view potential. Sold $170,000
2.49 acres waterfront with large ‘villa’, log cabin and dock Sold $865,000 + HST
3.74 acres with one bedroom home, cabin, studio productive gardens Sold $350,000
2 acres with serviced 2 bedroom cabin across from park at south end Sold $160,000

Last updated December 23, 2011

CORTES ISLAND REAL ESTATE MARKET TREND 2000 to 2011

(based on the number of properties sold by licensed real estate agents)

This graph shows the number of properties sold in a given year.
Blue is houses, Red is raw land and White is total sold.
This graph does not reflect prices or price trends.
The peaks in raw land sales were the result of new subdivisions going on the market.
2003 a number of F1 properties were sold. (large blocks of forestry land owned by a forest company)
2005 the Yakka Way subdivision went on the market.
2005 the VonDonop subdivision went on the market (water access)
2006 was the year the Siskin Lane development went on the market. (bare land strata lots)

Information provided by

Vicki deBoer & Frances Guthrie

Discovery Islands Realty

Home office on Cortes Island

Phone/fax 250-935-6716

www.cortesislandrealestate.com

vdeboer@cortesislandrealestate.com

frances@cortesislandrealestate.com

Note the above graph shows the number of properties sold and does not reflect price trends.

Cortes Island Realtor Vicki de Boer

Vicki deBoer

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

Frances Guthrie

office: 250-935-6716
home: 250-935-6782

email: frances@cortesislandrealestate.com

Vicki deBoer

Frances Guthrie