The Parksville – Qualicum Beach real estate market continues to be active for June and the 1st week of July. There is a lack of inventory for those active buyers
Serious buyers need to be ready to act sooner than later if a listing comes to market that meets their criteria, as the odds are there is another buyer that is interested as well. As a result prices have tightened up and increased in some segments of the market.
Year to date in the greater Parksville – Qualicum Beach area listings are up 3% while sales are up 11%.
The number of active listings at the end of June was down by 8%.
Sales prices on average are now within 97% of the list price compared to the past year or so being at approximately 95%.
Looking at Parksville specifically, the volume of new listings year to date is down 6% while sales are down 1% (no doubt due to lack of inventory and not demand) and sale prices on average are within 98% of the list price.
Similar statistics are available for all sub areas if you are interested.
If buying, it is critical to be in a fully prepared before making an offer.
If selling, it is still critical to be priced sharply so that the property is attractive when it enters the market.
We welcome the opportunity to discuss your specific situation or desires.
Have a Great Summer!
Rudi & Trish