The latest statistics for single family homes have been released by VIREB (Vancouver Island Real Estate Board).
The month of October was not as active for sales as October 2015, there were 6% less sales overall. On the other hand the number of listings for the month is up 22% for the month, however the overall Active Listings are down 21%.
In the overall area the average ‘sale’ price Year to Date compared to this time last year is up to $401,493 from $369,000. Mind you this average of homes that have sold varies in sub-areas, i.e. Parksville’s average sale price is $353,816 while in Qualicum Beach it is $431,283 indicating that more expensive sales are more frequent in Qualicum Beach versus Parksville.
If you would like additional details contact us as we would be pleased to discuss your specific situation or area of interest.
Make it a great day!
Rudi & Trish