The end of September real estate statistics for the Greater Parksville Qualicum Beach area have been recently released by the Vancouver Island Real Estate Board (VIREB) . Last month there seemed to be the end of the decrease in number of sales, well apparently 1 month is not a true indicator. September has seen quite a decrease, in the greater Parksville Qualicum Beach area were 50% less Single Family Homes sales versus September 2017. The number of listings for September was also down 23% and as a result the number of Active Listings remains virtually the unchanged (49 versus 50).
The average price of homes sold in September was 22% less that the same time for 2017, though year to date still up 3%.
However the stats are reflective of the overall area however not of some of the sub areas. As an example here are the numbers for Parksville and Nanoose Bay:
Parksville Nanoose Bay
# of new listings - 8% -10%
# of Sales -14% -33%
Average Sale Price +7% +13%
# of Active Listings +65%% +78%
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Susie & Karen