Though the number of sales are down May 2017 from May 2016 the market continues to be active and Buyers are struggling to find the right home for them.
For Single Family Homes in the greater Parksville – Qualicum Beach area in comparison to last May number of new listings was down 7% and the number of sales were down 25%, however note that the number of active listings at the end of the month was down 27% in comparison to the same time last year. The lack of availability of inventory is reflected in the reduced number of sales.
Year to date (January to May) 2017 vs 2016 the number of new listings is down 16% and the number of sales down 20%.
The prices continue to remain strong due to the lack of supply and the average value of the homes sold in May 2017 was $548,696 which is a 13% increase from May 2016.
If you would like more in-depth details or have a discussion about your specific situation or needs contact us and we would be pleased to meet and explore your situation with you.
Rudi & Trish