Cortes Island Real Estate

MARKET UPDATE Summer 2010

Summer is coming to an end but buyers are still looking and buying properties on Cortes. 2010 has been a busy year on Cortes Island. Many 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 me and I can send you a current list or your can go to: www.REALTOR.ca. Narrow your search down to Cortes Island.

If you want to stay on top of the market I can sign you up for regular MLS updates via email.

Sales on Cortes 2008

In 2008 there were 16 sales of properties on Cortes Island.

3 raw land acreages and 3 water access waterfront raw land acreages

PLUS: 10 homes on acreages.

3 bedroom home on small acreage in Whaletown. Sold $340,000
3 bedroom home on 10 acres in Whaletown. Sold $485,000
3 bedroom home with 1 bedroom suite on 2+ acres in uptown Manson’s. Sold $379,000
Siskin Lane 3.75 acres with yurt, service building, bath house and approved septic system. Sold $275,000
2 bedroom home with one bedroom suite on 2 acres in Smelt Bay area. Sold $365,000
cottage and studio on 10 acres in Squirrel cove. Sold $375,000
3 bedroom view home on 5 acres in Squirrel Cove. Sold $555,000
2 bedroom home on 10 acres in Manson’s. Sold $373,000
3 bedroom home on 1.54 acres in Smelt Bay area. Sold $385,000
3 bedroom home on 2.4 acres with studio & small cabin in Manson’s. Sold $403,000
PLUS 3 raw land acreages and 3 water access waterfront raw land acreages
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 have been 16 sales so far this year.
There have been 17 sales so far this year: *= 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

*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

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

Last updated September 1, 2010

CORTES ISLAND REAL ESTATE MARKET TREND 1991 to 2010

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

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

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