Author Archive: comoxvalley

Parksville Qualicum Beach Real Estate Market Update for July 2021

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Parksville Qualicum Beach Real Estate Market Update for July 2021

The Average 12 Month to Date Sale Price increased by 22.88% from the previous 12 month period. The 12 Month to Date Average Sale Price was $781,915. There are 1.14 Months of Inventory of Single Family in Parksville-Qualicum. It is currently a Avg. Sellers Market. This month’s Inventory increased to 64 Active Listings. There were 80 units listed and 56 units sold.

  • Parksville Qualicum area saw its benchmark price increase by 34 per cent to $850,100.

“Unless demand drops significantly or more housing supply comes online through new construction, the needle for VIREB’s inventory situation will not move by much,” states Mackay. “BCREA, VIREB, and other real estate boards continue advocating with policymakers at the provincial and regional levels to speed up the development process so that municipalities can expand supply more quickly to meet demand.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 22.88% from the previous 12 month period. The 12 Month to Date Average Sale Price was $781,915. There are 1.14 Months of Inventory of Single Family in Parksville-Qualicum. It is currently a Avg. Sellers Market. This month’s Inventory increased to 64 Active Listings. There were 80 units listed and 56 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 29.75% from the previous 12 month period. The 12 Month to Date Average Sale Price was $396,319. There are 1.37 Months of Inventory of Lots in Parksville-Qualicum. It is currently a Avg. Sellers Market. This month’s Inventory increased to 37 Active Listings. There were 31 units listed and 27 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 16.41% from the previous 12 month period. The 12 Month to Date Average Sale Price was $359,274. There are 1.22 Months of Inventory of Condos (Apt) in Parksville-Qualicum. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 33 Active Listings. There were 21 units listed and 27 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 13.71% from the previous 12 month period. The 12 Month to Date Average Sale Price was $520,315. There are 0.43 Months of Inventory of Condos (Twnhse & Patio) in the Parksville-Qualicum. It is currently a Strong Sellers Market. This month’s Inventory decreased to 9 Active Listings. There were 16 units listed and 21 units sold.
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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North Vancouver Island Real Estate Market Update for July 2021

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North Vancouver Island Real Estate Market Update for July 2021

The Average 12 Month to Date Sale Price increased by 27.97% from the previous 12 month period. The 12 Month to Date Average Sale Price was $332,389. There are 1.68 Months of Inventory of Single Family in North Vancouver Island. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 32 Active Listings. There were 18 units listed and 19 units sold.

  • The benchmark price for the North Island also rose by 47 per cent, hitting $384,200 in July

“Unless demand drops significantly or more housing supply comes online through new construction, the needle for VIREB’s inventory situation will not move by much,” states Mackay. “BCREA, VIREB, and other real estate boards continue advocating with policymakers at the provincial and regional levels to speed up the development process so that municipalities can expand supply more quickly to meet demand.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 27.97% from the previous 12 month period. The 12 Month to Date Average Sale Price was $332,389. There are 1.68 Months of Inventory of Single Family in North Vancouver Island. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 32 Active Listings. There were 18 units listed and 19 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 72.57% from the previous 12 month period. The 12 Month to Date Average Sale Price was $117,044. There are 5.67 Months of Inventory of Lots in North Vancouver Island. It is currently a Balanced Market. This month’s Inventory increased to 17 Active Listings. There were 6 units listed and 3 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 35.98% from the previous 12 month period. The 12 Month to Date Average Sale Price was $90,971. There are 1.5 Months of Inventory of Condos (Apt) in the North Vancouver Island. It is currently a Avg. Sellers Market. This month’s Inventory remained the same to 6 Active Listings. There were 4 units listed and 4 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 47.43% from the previous 12 month period. The 12 Month to Date Average Sale Price was $151,635. There are 2.67 Months of Inventory of Condos (Twnhse & Patio) in the North Vancouver Island. It is currently a Avg. Sellers Market. This month’s Inventory increased to 8 Active Listings. There were 4 units listed and 3 units sold.
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

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Nanaimo Real Estate Market Update for July 2021

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Nanaimo Real Estate Market Update for July 2021

The Average 12 Month to Date Sale Price increased by 23.51% from the previous 12 month period. The 12 Month to Date Average Sale Price was $712,619. There are 1.01 Months of Inventory of Single Family in Nanaimo. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 141 Active Listings. There were 138 units listed and 140 units sold.

  • Nanaimo’s benchmark price rose by 31 per cent, hitting $739,000

“Unless demand drops significantly or more housing supply comes online through new construction, the needle for VIREB’s inventory situation will not move by much,” states Mackay. “BCREA, VIREB, and other real estate boards continue advocating with policymakers at the provincial and regional levels to speed up the development process so that municipalities can expand supply more quickly to meet demand.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 23.51% from the previous 12 month period. The 12 Month to Date Average Sale Price was $712,619. There are 1.01 Months of Inventory of Single Family in Nanaimo. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 141 Active Listings. There were 138 units listed and 140 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 23.11% from the previous 12 month period. The 12 Month to Date Average Sale Price was $394,363. There are 9.71 Months of Inventory of Lots in Nanaimo. It is currently a Strong Buyers Market. This month’s Inventory increased to 68 Active Listings. There were 24 units listed and 7 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 17.05% from the previous 12 month period. The 12 Month to Date Average Sale Price was $359,856. There are 1.46 Months of Inventory of Condos (Apt) Nanaimo. It is currently a Avg. Sellers Market. This month’s Inventory increased to 51 Active Listings. There were 36 units listed and 35 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 11.21% from the previous 12 month period. The 12 Month to Date Average Sale Price was $449,674. There are 1.33 Months of Inventory of Condos (Twnhse & Patio) in Nanaimo. It is currently a Avg. Sellers Market. This month’s Inventory remained the same to 32 Active Listings. There were 24 units listed and 24 units sold.
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

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Comox Valley Real Estate Market Update for July 2021

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Comox Valley Real Estate Market Update for July 2021

The Average 12 Month to Date Sale Price increased by 22.25% from the previous 12 month period. The 12 Month to Date Average Sale Price was $718,951. There are 1.48 Months of Inventory of Single Family in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory increased to 98 Active Listings. There were 85 units listed and 66 units sold.

  • In the Comox Valley, the year-over-year benchmark price rose by 30 per cent to $765,200.

“Unless demand drops significantly or more housing supply comes online through new construction, the needle for VIREB’s inventory situation will not move by much,” states Mackay. “BCREA, VIREB, and other real estate boards continue advocating with policymakers at the provincial and regional levels to speed up the development process so that municipalities can expand supply more quickly to meet demand.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 22.25% from the previous 12 month period. The 12 Month to Date Average Sale Price was $718,951. There are 1.48 Months of Inventory of Single Family in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory increased to 98 Active Listings. There were 85 units listed and 66 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price decreased by 8.13% from the previous 12 month period. The 12 Month to Date Average Sale Price was $335,465. There are 4.75 Months of Inventory of Lots in the Comox Valley. It is currently a Balanced Market. This month’s Inventory increased to 38 Active Listings. There were 9 units listed and 8 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 16.04% from the previous 12 month period. The 12 Month to Date Average Sale Price was $355,984. There are 1.15 Months of Inventory of Condos (Apt) in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 31 Active Listings. There were 23 units listed and 27 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 25.71% from the previous 12 month period. The 12 Month to Date Average Sale Price was $495,001. There are 1.33 Months of Inventory of Condos (Twnhse & Patio) in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 36 Active Listings. There were 21 units listed and 27 units sold.
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

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Campbell River Real Estate Market Update for July 2021

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Campbell River Real Estate Market Update for July 2021

The Average 12 Month to Date Sale Price increased by 23.68% from the previous 12 month period. The 12 Month to Date Average Sale Price was $625,605. There are 1.8 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 72 Active Listings. There were 49 units listed and 40 units sold.

  • In Campbell River, the benchmark price of a single-family home hit $639,100 in July, up by 33 per cent from the previous year.

“Unless demand drops significantly or more housing supply comes online through new construction, the needle for VIREB’s inventory situation will not move by much,” states Mackay. “BCREA, VIREB, and other real estate boards continue advocating with policymakers at the provincial and regional levels to speed up the development process so that municipalities can expand supply more quickly to meet demand.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 23.68% from the previous 12 month period. The 12 Month to Date Average Sale Price was $625,605. There are 1.8 Months of Inventory of Single Family in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory increased to 72 Active Listings. There were 49 units listed and 40 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 28.01% from the previous 12 month period. The 12 Month to Date Average Sale Price was $344,003. There are 12 Months of Inventory of Lots in Campbell River. It is currently a Strong Buyers Market. This month’s Inventory increased to 14 Active Listings. There were 3 units listed and 0 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 26.03% from the previous 12 month period. The 12 Month to Date Average Sale Price was $334,573. There are 1.27 Months of Inventory of Condos (Apt) in Campbell River. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 14 Active Listings. There were 9 units listed and 11 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 30.25% from the previous 12 month period. The 12 Month to Date Average Sale Price was $447,897. There are 3.25 Months of Inventory of Condos (Twnhse & Patio) in Campbell River. It is currently a Soft Sellers Market. This month’s Inventory increased to Active Listings. There were 4 units listed and 4 units sold.

 
  • Seller’s Market – In a seller’s market, conditions are favourable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favourable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

Port Alberni Area Real Estate Market Update for July 2021

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Port Alberni Area Real Estate Market Update for July 2021

The Average 12 Month to Date Sale Price increased by 24.18% from the previous 12 month period. The 12 Month to Date Average Sale Price was $465,917. There are 1.31 Months of Inventory of Single Family in Port Alberni. It is currently a Avg. Sellers Market. This month’s Inventory increased to 64 Active Listings. There were 59 units listed and 49 units sold.

  • The cost of a benchmark single-family home in Port Alberni reached $488,100, a 47 per cent year-over-year increase.

“Unless demand drops significantly or more housing supply comes online through new construction, the needle for VIREB’s inventory situation will not move by much,” states Mackay. “BCREA, VIREB, and other real estate boards continue advocating with policymakers at the provincial and regional levels to speed up the development process so that municipalities can expand supply more quickly to meet demand.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 26.08% from the previous 12 month period. The 12 Month to Date Average Sale Price was $480,166. There are 1.76 Months of Inventory of Single Family in Port Alberni. It is currently a Avg. Sellers Market. This month’s Inventory increased to 67 Active Listings. There were 54 units listed and 38 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 49.78% from the previous 12 month period. The 12 Month to Date Average Sale Price was $303,522. There are 5.83 Months of Inventory of Lots in Port Alberni. It is currently a Balanced Market. This month’s Inventory increased to 35 Active Listings. There were 14 units listed and 6 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 32.96% from the previous 12 month period. The 12 Month to Date Average Sale Price was $494,402. There are 2.18 Months of Inventory of Condos (Apt) in Port Alberni. It is currently a Avg. Sellers Market. This month’s Inventory remained the same to 24 Active Listings. There were 11 units listed and 11 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 5.04% from the previous 12 month period. The 12 Month to Date Average Sale Price was $400,661. There are 2.5 Months of Inventory of Condos (Twnhse & Patio) in Port Alberni. It is currently a Avg. Sellers Market. This month’s Inventory remained the same to 10 Active Listings. There were 4 units listed and 4 units sold.
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home’s sale price. PG Direct Realty Ltd. is PropertyGuys.com’s brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

North Vancouver Island Real Estate Market Update for June 2021

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North Vancouver Island Real Estate Market Update for June 2021

The Average 12 Month to Date Sale Price increased by 28.46% from the previous 12 month period. The 12 Month to Date Average Sale Price was $321,486. There are 2.92 Months of Inventory of Single Family in North Vancouver Island. It is currently a Avg. Sellers Market. This month's Inventory increased to 35 Active Listings. There were 20 units listed and 12 units sold.

The Average 12 Month to Date Sale Price increased by 53.09% from the previous 12 month period. The 12 Month to Date Average Sale Price was $113,271. There are 2.14 Months of Inventory of Lots in North Vancouver Island. It is currently a Avg. Sellers Market. This month's Inventory decreased to 15 Active Listings. There were 6 units listed and 7 units sold.

  • Single Family homes sales show rising average prices, the market is active and strong.  
  • The benchmark price for the North Island also rose by 41 per cent, hitting $372,600 in June.

“More inventory is certainly good news for buyers, even if the increases are slight,” says 2021 VIREB president Ian Mackay. “We’re also relieved to see a few more conditional offers again, which means the frenzied fear-of-missing-out mentality is tempering a bit.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 28.46% from the previous 12 month period. The 12 Month to Date Average Sale Price was $321,486. There are 2.92 Months of Inventory of Single Family in North Vancouver Island. It is currently a Avg. Sellers Market. This month's Inventory increased to 35 Active Listings. There were 20 units listed and 12 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 53.09% from the previous 12 month period. The 12 Month to Date Average Sale Price was $113,271. There are 2.14 Months of Inventory of Lots in North Vancouver Island. It is currently a Avg. Sellers Market. This month's Inventory decreased to 15 Active Listings. There were 6 units listed and 7 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 27.71% from the previous 12 month period. The 12 Month to Date Average Sale Price was $87,597. There are 2 Months of Inventory of Condos (Apt) in the North Vancouver Island. It is currently a Avg. Sellers Market. This month's Inventory increased to 6 Active Listings. There were 5 units listed and 3 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 51.21% from the previous 12 month period. The 12 Month to Date Average Sale Price was $146,197. There are 8 Months of Inventory of Condos (Twnhse & Patio) in the North Vancouver Island. It is currently a Strong Buyers Market. This month's Inventory increased to 8 Active Listings. There were 2 units listed and 1 units sold.
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home's sale price. PG Direct Realty Ltd. is PropertyGuys.com's brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

Parksville-Qualicum Real Estate Market Update for June 2021

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By: PropertyGuys.com on Vancouver Island
 
 

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Parksville-Qualicum Real Estate Market Update for June 2021

The Average 12 Month to Date Sale Price increased by 20.56% from the previous 12 month period. The 12 Month to Date Average Sale Price was $763,062. There are 0.67 Months of Inventory of Single Family in Parksville-Qualicum. It is currently a Strong Sellers Market. This month's Inventory increased to 48 Active Listings. There were 81 units listed and 72 units sold.

Swift sales in the latter half of the year is causing upward price pressure.  

The Single Family statistics for this month point to rising average prices in Parksville-Qualicum. The market is still quite active.

  •  Single Family homes sales show rising average prices, the market is active and strong.  
  • Parksville Qualicum area saw its benchmark price increase by 30 per cent to $824,000.

“More inventory is certainly good news for buyers, even if the increases are slight,” says 2021 VIREB president Ian Mackay. “We’re also relieved to see a few more conditional offers again, which means the frenzied fear-of-missing-out mentality is tempering a bit.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes
 

The Average 12 Month to Date Sale Price increased by 20.56% from the previous 12 month period. The 12 Month to Date Average Sale Price was $763,062. There are 0.67 Months of Inventory of Single Family in Parksville-Qualicum. It is currently a Strong Sellers Market. This month's Inventory increased to 48 Active Listings. There were 81 units listed and 72 units sold.

PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 23.32% from the previous 12 month period. The 12 Month to Date Average Sale Price was $389,122. There are 1.95 Months of Inventory of Lots in Parksville-Qualicum. It is currently a Avg. Sellers Market. This month's Inventory increased to 41 Active Listings. There were 38 units listed and 21 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 21.56% from the previous 12 month period. The 12 Month to Date Average Sale Price was $354,847. There are 1.78 Months of Inventory of Condos (Apt) in Parksville-Qualicum. It is currently a Avg. Sellers Market. This month's Inventory increased to 41 Active Listings. There were 33 units listed and 23 units sold.
Townhouse & Patio Condos
The Average 12 Month to Date Sale Price increased by 14.54% from the previous 12 month period. The 12 Month to Date Average Sale Price was $513,483. There are 1.4 Months of Inventory of Condos (Twnhse & Patio) in the Parksville-Qualicum. It is currently a Avg. Sellers Market. This month's Inventory increased to 14 Active Listings. There were 17 units listed and 10 units sold.
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

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PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home's sale price. PG Direct Realty Ltd. is PropertyGuys.com's brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!

Port Alberni Area Real Estate Market Update for June 2021

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By: PropertyGuys.com on Vancouver Island

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Port Alberni Area Real Estate Market Update for June 2021

The Average 12 Month to Date Sale Price increased by 24.18% from the previous 12 month period. The 12 Month to Date Average Sale Price was $465,917. There are 1.31 Months of Inventory of Single Family in Port Alberni. It is currently a Avg. Sellers Market. This month's Inventory increased to 64 Active Listings. There were 59 units listed and 49 units sold.

Incredibly swift sales in Single Family Detached and townhomes. The housing market remains strong. We have seen significant gains but as we head into summer the numbers have tempered but not as much as expected.

The cost of a benchmark single-family home in Port Alberni reached $468,100, a 41 per cent year-over-year increase

“More inventory is certainly good news for buyers, even if the increases are slight,” says 2021 VIREB president Ian Mackay. “We’re also relieved to see a few more conditional offers again, which means the frenzied fear-of-missing-out mentality is tempering a bit.”

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 24.18% from the previous 12 month period. The 12 Month to Date Average Sale Price was $465,917. There are 1.31 Months of Inventory of Single Family in Port Alberni. It is currently a Avg. Sellers Market. This month's Inventory increased to 64 Active Listings. There were 59 units listed and 49 units sold.


PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price increased by 47.12% from the previous 12 month period. The 12 Month to Date Average Sale Price was $302,264. There are 2 Months of Inventory of Lots in Port Alberni. It is currently a Avg. Sellers Market. This month's Inventory decreased to 32 Active Listings. There were 14 units listed and 16 units sold.
Apartment Condos
The Average 12 Month to Date Sale Price increased by 55.91% from the previous 12 month period. The 12 Month to Date Average Sale Price was $510,285. There are 5.83 Months of Inventory of Condos (Apt) in Port Alberni. It is currently a Balanced Market. This month's Inventory increased to 35 Active Listings. There were 7 units listed and 6 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 1.69% from the previous 12 month period. The 12 Month to Date Average Sale Price was $395,995. There are 3.33 Months of Inventory of Condos (Twnhse & Patio) in Port Alberni. It is currently a Soft Sellers Market. This month's Inventory increased to 10 Active Listings. There were 9 units listed and 3 units sold.

 
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

CV Monthly Real Estate Update - June 2021

Comox Valley Real Estate Market Update for June 2021

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By: PropertyGuys.com on Vancouver Island
 
 

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Comox Valley Real Estate Market Update for June 2021

The Average 12 Month to Date Sale Price increased by 19.64% from the previous 12 month period. The 12 Month to Date Average Sale Price was $687,771. There are 1.25 Months of Inventory of Single Family in the Comox Valley. It is currently a Avg. Sellers Market. This month's Inventory increased to 101 Active Listings. There were 107 units listed and 81 units sold.

  • Single Family homes sales show rising average prices, the market is active and strong.  
  • In the Comox Valley, the year-over-year benchmark price rose by 30 per cent to $756,400.

“More inventory is certainly good news for buyers, even if the increases are slight,” says 2021 VIREB president Ian Mackay. “We’re also relieved to see a few more conditional offers again, which means the frenzied fear-of-missing-out mentality is tempering a bit.”

 

Source: Vancouver Island Real Estate Board – MLS® Statistics ​​​

Single Family Homes

The Average 12 Month to Date Sale Price increased by 20.35% from the previous 12 month period. The 12 Month to Date Average Sale Price was $702,490. There are 1.1 Months of Inventory of Single Family in the Comox Valley. It is currently a Avg. Sellers Market. This month's Inventory decreased to 89 Active Listings. There were 79 units listed and 81 units sold.


PLEASE NOTE: SINGLE FAMILY property does NOT INCLUDE acreage with a house, condominiums, duplex/triplex, mobile homes/on a pad, single-family waterfront or single-family strata. LOTS do NOT INCLUDE acreage or waterfront acreage.
Lots
The Average 12 Month to Date Sale Price decreased by 8.4% from the previous 12 month period. The 12 Month to Date Average Sale Price was $337,840. There are 4.33 Months of Inventory of Lots in the Comox Valley. It is currently a Balanced Market. This month's Inventory increased to 39 Active Listings. There were 17 units listed and 9 units sold.
Apartment Condos

The Average 12 Month to Date Sale Price increased by 12.66% from the previous 12 month period. The 12 Month to Date Average Sale Price was $348,895. There are 1.5 Months of Inventory of Condos (Apt) in the Comox Valley. It is currently a Avg. Sellers Market. This month's Inventory increased to 39 Active Listings. There were 35 units listed and 26 units sold.
Townhouse & Patio Condos

The Average 12 Month to Date Sale Price increased by 23.02% from the previous 12 month period. The 12 Month to Date Average Sale Price was $483,050. There are 3.13 Months of Inventory of Condos (Twnhse & Patio) in the Comox Valley. It is currently a Soft Sellers Market. This month's Inventory increased to 47 Active Listings. There were 21 units listed and 15 units sold.

 
  • Seller’s Market – In a seller’s market, conditions are favorable for sellers to get higher prices for their homes. The number of buyers who want homes exceeds the number of homes available. In this type of market, the homes sell quickly, prices will increase, and a large number of buyers are available for a minimal inventory of homes. These characteristics have implications for the buyer who has to make decisions quickly, must pay more, and frequently has their conditional offers rejected.
  • Balanced Market – In a balanced market, the number of homes on the market is equal to the demand or number of buyers. Houses sell within a reasonable period, the demand equals supply, sellers accept reasonable offers, and prices are generally stable. The implications for the buyer in this type of market are that the atmosphere is more relaxed. There is a reasonable number of homes from which to choose.
  • Buyer’s Market – A buyer’s market allows buyers to come in at lower prices. The supply of homes on the market exceeds the demand or the number of buyers. Homes will be on the market longer, fewer buyers will be available compared to the higher inventory of homes, and house prices are reduced. The implications for the buyers in this type of market are more favorable, negotiating leverage, more time to search for a home, and better prices.

Historical Statistics

 

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PropertyGuys.com on Vancouver Island

PropertyGuys.com delivers premium real estate marketing services to help Vancouver Islanders sell their homes and keep more money in their pockets. PropertyGuys.com price their services at a level that makes sense, and do not price as a percentage of your home's sale price. PG Direct Realty Ltd. is PropertyGuys.com's brokerage partner and they help home sellers every step of the way from listing, showings, offers and SOLD! PG Direct Realty Ltd will also help you purchase a home, just call PropertyGuys.com at 778 557 8596 and see how PropertyGuys.com and our partner PG Direct Realty Ltd. can help you buy & sell real estate on Vancouver Island delivering a premium service while still saving you a lot of money!