Well it is hard to believe that we are into February already. 2018 is certainly continuing with the trend of low supply and high demand. In the greater Parksville Qualicum Beach area for single family homes the month of January saw 9% less listings than January 2017 and 9% more sales. As a result at the end of January the active number of listings was down 23%, only 86 versus 111 a year ago. The average sale price for January was 20% higher than January a year ago ($606,874 versus $506,159).
If we look at Patio Homes (Condo) in comparison, though the volume of numbers are considerably less, the number of listings in January were up 57% and the number of sales were down by 12% yet the average sale price was up 20% ($474,129 versus $396,250). The number of active listings at the end of the month was very similar with 9 this year versus 8 last year.
If you would like any additional information for various styles or locations within the area contact TeamW at firstname.lastname@example.org or call us at 250-468-1498 and we would be pleased to supply additional details and discuss your particular situation if desired.