The quick read: Campbell River's average single family sale price was $738,924 in October, down from September's $802,843. That sounds like a drop, but the benchmark price of a typical Campbell River home barely moved, sitting at $687,300. What changed was the mix of homes that sold, not what homes are worth. Meanwhile new listings jumped by nearly a quarter and homes sold a week faster than a year ago.
The Numbers
Single family detached
Average sale price: $738,924, down 4.4% from $772,605 in October 2025
Median sale price: $675,000
Benchmark price (MLS® Home Price Index): $687,300, a slight uptick from a year ago
12-month rolling average: $769,596, up 2.9% from a year ago
Homes sold: 34, down from 39 last October
New listings: 54, up from 44
Active listings: 126, down from 131
Days to sell: 65, down from 73
Sellers received just over 97% of asking price
Condo apartment
5 sales, versus 6 last October. Average $448,520, median $467,500
Active listings: 33. Days to sell: 107
Over the past 12 months, 60 sales at an average of $440,232, up 6.3%
Row and townhouse
4 sales, versus 18 last October. Average $452,214, median $451,200
Active listings: 34, up from 20. Days to sell: 58, down from 67
Over the past 12 months, 73 sales at an average of $517,040
Land
2 sales in October at an average of $597,500
Active listings: 65, up from 46 a year ago. Days to sell: 116
Over the past 12 months, 18 sales, up from 13 the year before
Single family figures exclude acreage and waterfront properties.
What's Actually Happening
Last month's average of $802,843 made headlines, and this month's $738,924 looks like a sharp fall. Neither number tells you much on its own. Campbell River sells a few dozen single family homes in a typical month, and at that size a handful of higher-end sales can swing the average by tens of thousands of dollars without any individual home changing in value.
The benchmark price is the number that strips that out. It tracks what a typical Campbell River home is worth rather than averaging whatever happened to sell, and in October it was $687,300, a slight uptick from October 2025. Steady. The 12-month rolling average tells the same story from the other direction: $769,596, up 2.9% over the year.
There is a simpler clue in this month's figures too. The median sale price was $675,000 while the average was $738,924. When the median sits that far below the average, it means a small number of expensive sales pulled the average upward. The typical October sale was closer to $675,000.
The real change in October was supply. 54 new single family listings came on, up from 44 a year ago, which reverses the tightening we wrote about last month. Yet active inventory finished at 126, slightly below last year's 131, and homes sold in 65 days against 73 a year ago. More homes arriving, fewer sitting, selling faster. That is a market absorbing what comes at it.
It is worth seeing this against the wider Island. The VIREB board-wide benchmark fell one per cent over the year to $780,400, and the Comox Valley slipped one per cent to $848,600. Campbell River edged up. We remain the value end of the central Island, and right now we are holding better than our neighbours.
One caution on the smaller categories. Four townhouse sales and five condo sales are not enough to read a trend from, so treat those monthly averages as curiosities rather than signals. The 12-month figures underneath them are the ones worth watching.
Where Homes Are Selling
Of 319 single family sales in Campbell River from January through October, Willow Point accounted for nearly half.
By price, 228 of those 319 sales, roughly seven in ten, landed between $500,000 and $900,000. The single busiest band was $600,000 to $700,000 with 81 sales. Above $1.25 million the market thins quickly, with 15 sales all year.
If You're Selling
Buyers had more to choose from in October than they did a year ago, and they used it. 34 homes sold against 54 that came on the market. The homes that did sell went in 65 days and achieved just over 97% of asking, so the market is still rewarding sellers who price to where the market is rather than where last month's headline average suggested it might be.
That gap matters this month in particular. A seller looking at September's $802,843 and pricing to it would be asking well above what a typical home is trading for. We track Campbell River sales daily and can show you what comparable homes in your own neighbourhood actually sold for. Request a free home evaluation.
If You're Buying
You have more choice than you did a month ago and prices are flat, which is a reasonable combination. 126 single family homes were available at the end of October, along with 33 condos, 34 townhouses and 65 pieces of land.
Two things worth knowing. Homes are selling faster than last year, so the right property still will not wait for you, and having your financing sorted before you start looking seriously is the difference between making an offer and watching one. And land remains the buyer's category: 65 lots and acreages available against 46 a year ago, taking 116 days to sell. If you are thinking about building, there is room to negotiate.
If you are watching a price range or a neighbourhood, set up an auto-property search and new listings will reach you as they come on.
The Bottom Line
The average fell and the market did not. More homes came on, inventory stayed level, homes sold faster, and the benchmark price of a typical Campbell River home held steady at $687,300 while the Island as a whole slipped. For the longer view, see our record of Campbell River home prices since 1982, or our monthly market report.
Wondering what these numbers mean for your home or your next move? We are always happy to chat.
Erika 250-202-1058 | Jenna 778-348-3599 | erika@erikahaley.ca
Statistics courtesy of the Vancouver Island Real Estate Board, Zone 1 Campbell River, October 2026. Single family figures exclude acreage and waterfront properties. Benchmark prices from the MLS® Home Price Index, VIREB stats package, October 2026 release. Erika Haley & Associates, REMAX Ocean Pacific. Not intended to solicit properties already listed for sale.
