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The monthly Parksville-Qualicum Real Estate Market Update for January 2021 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last January in Parksville-Qualicum were up 23% and up while the average days to sell decreased overall by 8.83% from last January. The sales over the last 12 months are up by 12%, the market is strong…extremely strong.
Swift sales in the latter half of the year is causing upward price pressure. We have seen significant gains but as we enter winter the numbers have tempered but not as much as is typical for a December.
The Single Family statistics for this month point to rising average prices in Parksville-Qualicum. The market is still quite active.
“A dearth of listings is an ongoing issue throughout our area…We’re confident that sales activity would be much higher if we had adequate supply. We’d normally say this is a great time to sell, but with so little inventory available, buyers and sellers are in a Catch-22 situation. It’s hard to part with your home if you have nowhere to move.In a competitive housing market, using a REALTOR® can help streamline the buying and selling process to ensure the best possible outcome while mitigating associated risks.” says VIREB president Ian Mackay
|Single Family Homes|
The Average 12 Month to Date Sale Price increased by 12.13% from the previous 12 month period. The 12 Month to Date Average Sale Price was $691,091. There are 1.32 Months of Inventory of Single Family in Parksville-Qualicum. It is currently an Avg. Sellers Market. This month’s Inventory increased to 50 Active Listings. There were 53 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.
|The Average 12 Month to Date Sale Price increased by 16.06% from the previous 12 month period. The 12 Month to Date Average Sale Price was $337,351. There are 4 Months of Inventory of Lots in Parksville-Qualicum. It is currently a Balanced Market. This month’s Inventory decreased to 32 Active Listings. There were 6 units listed and 8 units sold.|
|The Average 12 Month to Date Sale Price increased by 14.18% from the previous 12 month period. The 12 Month to Date Average Sale Price was $326,436. There are 2.92 Months of Inventory of Condos (Apt) in Parksville-Qualicum. It is currently a Avg. Sellers Market. This month’s Inventory increased to 35 Active Listings. There were 13 units listed and 12 units sold.|
|Townhouse & Patio Condos|
|The Average 12 Month to Date Sale Price increased by 7.85% from the previous 12 month period. The 12 Month to Date Average Sale Price was $485,176. There are 0.89 Months of Inventory of Condos (Twnhse & Patio) in the Parksville-Qualicum. It is currently a Strong Sellers Market. This month’s Inventory increased to 8 Active Listings. There were 10 units listed and 9 units sold.|
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