March end statistics are showing that in the month of March for the Parksville-Qualicum Beach region the number of listings was 19% higher than March of 2014 and the number of sales were basically the same.
However if we look deeper into different areas the number of listings in Parksville proper, the number of listing for March was up 30% and the number of sales were up 20% in comparison to March 2014.
Year to date the number of listings are down 22% and the number of sales were down 9% indicating that there is still more demand than supply. The average sale price was also within 98% of the list price versus 96% last year.
Personal experience has shown the market to be very active and if you are looking to buy, you need to be ready to act, as a good percentage of the time when a new listing comes on the market, at a proper price, it is gone within a short time frame.
If you wish to discuss your situation in more depth, whether buying or listing, please contact us.
Rudi & Trish