Real estate market statistics for the year of 2015 have been released by VIREB and are not a surprise, showing an increase in sales and upward pressure on values.
The greater Parksville – Qualicum Beach area, for single family homes, recorded an increase of 2% in the number of listings while there was an 18% increase in the number of homes sold.
The average value of sale prices rose by 2% and inventory is relatively the same as the end of 2014 at 185 active listings now versus a year ago at a 189.
The numbers vary within the various sub-areas in the district, ranging from -6% to +22% in number of sales and the average price for homes sold range from $354,217 in Parksville to $681,055 in Fairwinds.
If you would like more detailed information please contact us and we would be pleased to supply you with the details desired.
The forecast for 2016 is that demand will continue to remain strong; indication is the number of sales may be down slightly, however prices will remain stable if not continuing to increase slightly.
We would be pleased to discuss your situation with you if you are planning on making a real estate change this coming year.
Make it a great day!
Rudi & Trish