Comox Bay Marina & Residences

Comox Bay Marina & Residences

June 29, 2012 18:17 ET

Comox Marina Helps Comox Bay Hit Market Hot Spot

Stability of Comox Valley and appeal of Comox Marina near town park boosts 2012 launch

VANCOUVER, BRITISH COLUMBIA and COMOX, BRITISH COLUMBIA--(Marketwire - June 29, 2012) -

Editor's Note: There is a photo associated with this release.

Comox Bay Marina and Residences, announced today that it is entering the sales phase for its 2012 campaign after registering over 2000 interested buyers. Comox Bay is now releasing all its unsold suites onto the market. The full ownership suites come with option to secure moorage at Comox Marina, one of the most popular on Vancouver Island.

Recent real estate statistics from Comox Valley project stability for the market and Comox Council recently adopted a three year Strategic Plan to revitalize its downtown and enhance Comox Marina.

"We are very excited about the level of interest Comox Bay has received," Michael Hawitt, developer of Comox Bay Marina and Residences, "We are cautiously optimistic as the appeal of an oceanfront suite with moorage rights and resort amenities is irresistible to those who want it all."

Comox Bay Marina and Residences is a three-story oceanfront residence located in the heart of Comox, next to the Marina and Marinaside Park. The building combines luxury with the serenity and beauty of small-town island living. It has 62 fully furnished suites, a seaside restaurant and pub, outdoor pool and fire pits, and underground, heated parking.

MLS® sales summary data released by the Vancouver Island Real Estate Board (VIREB) shows continued stability in the housing sales market throughout the Vancouver Island region.

  • The number of unit sales (on a year to year basis) increased 9%. In April 2011, 354 single-family homes were sold; in comparison 385 unit sales were recorded in April 2012.
  • A gradual increase in housing sales on a month-to-month basis is indicated across VIREB's overall market area. In March there were 298 single-family home sales reported compared to the 385 home sales reported in April.
  • As of the end of April 2012 there were 3,025 single-family homes available on the Multiple Listing Service® (MLS®) within VIREB's coverage area, up marginally from the 2,937 homes in the system at the end of April 2011. (Source).

Comox Valley was the only region in the Vancouver Island Real Estate Boards six zones to show an increase in average sale prices as prices rose 1% when comparing April 2012 to April 2011. Campbell River decrease 5%, Parksville/Qualicum recorded a 5% decline, Nanaimo's average decreased 2%, Port Alberni/West Coast dropped 17% and the Cowichan Valley decreased 3% during the same time period. (Source).

The creators of the Oswego Hotel, an award-winning West Coast inspired boutique hotel in downtown Victoria, are developing Comox Bay while Sunnus Properties is directing the 2012 campaign. Available now are full ownership suites with option to secure moorage at Comox marina and no restrictions on length of stay. Comox Bay offers sunny southwest exposure alongside breathtaking ocean and mountain views.

The Comox Valley is a renowned fishing destination as the coast is sheltered with smooth, unruffled waters. Comox offers easy access to boating, sailing, golfing, hiking and skiing.

Eight minutes away from Comox Bay is the Comox International Airport where WestJet has three flights daily year round from both Edmonton and Calgary. Daily flights from Vancouver International Airport to the Comox International Airport are offered by Pacific Coastal Air and Central Mountain Air. Daily flights from Vancouver's Coal Harbour directly to Comox Marina are offered by Harbour Air.

Comox Bay Marina & Residences (www.myoceanliving.com)

The Presentation Centre is at 1521 Foreshore Walk, Granville Island. Vancouver BC. It's open 12-5 pm daily, except Monday and Friday.

1-877-266-8322

info@myoceanliving.com

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