The real estate market continues to be active however there is definitely a shift and we are heading towards more of a balanced market. Most new listings are taking longer to sell and there are definitely less sales occurring over the last number of months.

For the greater Parksville Qualicum Beach area Single Family Home sales for the month of June were down 29% from June 2017. The number of new listings has not really changed, a 1% increase however the Active inventory is up 28% (177 / 138). Prices continue to be strong and are up 14% in comparison to June 2017.

If we look at the bigger picture than just one month Year to Date the numbers are as follows for Single Family Homes:

• Sales down 22%
• # of Listings down 1%
• Average Sale Price is up 18%

These numbers vary within various sub-regions in the area however the numbers are considerably smaller. If you would like to additional details or wish to discuss your situation contact us at team@teamw.ca or 250-468-1498.

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