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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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Parksville-Qualicum Real Estate Market Update for February 2021

The monthly Parksville-Qualicum Real Estate Market Update for February 2021 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last February in Parksville-Qualicum were up 28% and up while the average days to sell changed to 28% from last February. The sales over the last 12 months are down by 18%, the market is still 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.

•  Single Family homes sales show rising average prices, the market is active and strong.  
• In Parksville-Qualicum area saw its benchmark price increase by 13 per cent to $695,600. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“The length of time it takes to get a development off the ground is a serious problem on Vancouver Island, which is becoming an increasingly popular destination for buyers of all ages,” says Mackay. “While our area has always attracted retirees, we’re seeing younger buyers more frequently than in the past.”

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

Single Family Homes
	The Average 12 Month to Date Sale Price increased by 12.84% from the previous 12 month period. The 12 Month to Date Average Sale Price was $702,427. There are 0.69 Months of Inventory of Single Family in Parksville-Qualicum. It is currently a Strong Sellers Market. This month’s Inventory decreased to 44 Active Listings. There were 60 units listed and 64 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 16.76% from the previous 12 month period. The 12 Month to Date Average Sale Price was $343,757. There are 3.17 Months of Inventory of Lots in Parksville-Qualicum. It is currently a Soft Sellers Market. This month’s Inventory increased to 38 Active Listings. There were 19 units listed and 12 units sold.
Apartment Condos
	The Average 12 Month to Date Sale Price increased by 12.84% from the previous 12 month period. The 12 Month to Date Average Sale Price was $702,427. There are 0.44 Months of Inventory of Condos (Apt) in Parksville-Qualicum. It is currently a Strong Sellers Market. This month’s Inventory decreased to 28 Active Listings. There were 60 units listed and 64 units sold.
Townhouse & Patio Condos
	The Average 12 Month to Date Sale Price increased by 8.78% from the previous 12 month period. The 12 Month to Date Average Sale Price was $488,744. There are 0.62 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 14 units listed and 13 units sold.

Market Legend

• 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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Parksville-Qualicum Real Estate Market Update for January 2021

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.

•  Single Family homes sales show rising average prices, the market is active and strong.  
• In Parksville-Qualicum, the benchmark price increase to $686,600 up by 12 percent from one year ago. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“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

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

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.
Lots
	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.
Apartment Condos
	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.

Market Legend

• 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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Parksville-Qualicum Real Estate Market Update for December 2020

The monthly Parksville-Qualicum Real Estate Market Update for December 2020 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last December in Parksville-Qualicum were up 53% and up while the average days to sell increased overall by 31% from last December. The sales over the last 12 months are up by 26%, 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.

•  Single Family homes sales show rising average prices, the market is active and strong.  
• In Parksville-Qualicum, the benchmark price reached $639,100, up by 9.6 percent from one year ago. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“…low inventory continues to be the primary reason behind the weaker sales posted in November and December. The buyers are there, but the listings are not…Consumer demand is high, and buyers are snapping up well-priced properties quickly once they hit the market…Multiple offers are commonplace. Notwithstanding high demand, correctly pricing your home remains the key to a quick sale. Overpriced homes tend to linger in our area despite prevailing market conditions.” says VIREB president Kevin Reid

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

Single Family Homes
	The Average 12 Month to Date Sale Price increased by 12.03% from the previous 12 month period. The 12 Month to Date Average Sale Price was $687,987. There are 1 Months of Inventory of Single Family in the Parksville Qualicum area. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 43 Active Listings. There were 35 units listed and 43 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 12.34% from the previous 12 month period. The 12 Month to Date Average Sale Price was $330,469. There are 3.64 Months of Inventory of Lots in the Parksville Qualicum area. It is currently a Soft Sellers Market. This month’s Inventory decreased to 40 Active Listings. There were 6 units listed and 11 units sold.
Apartment Condos
	The Average 12 Month to Date Sale Price increased by 10.23% from the previous 12 month period. The 12 Month to Date Average Sale Price was $323,086. There are 8 Months of Inventory of Condos (Apt) in the Parksville Qualicum area. It is currently a Strong Buyers Market. This month’s Inventory increased to 40 Active Listings. There were 19 units listed and 5 units sold.
Townhouse & Patio Condos
	The Average 12 Month to Date Sale Price increased by 7.95% from the previous 12 month period. The 12 Month to Date Average Sale Price was $482,011. There are 1.14 Months of Inventory of Condos (Twnhse & Patio) in the Parksville Qualicum area. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 8 Active Listings. There were 4 units listed and 7 units sold.

Market Legend

• 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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Parksville-Qualicum Real Estate Market Update for November 2020

The monthly Parksville-Qualicum Real Estate Market Update for November 2020 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last November in Parksville-Qualicum were up 50% and up while the average days to sell decreased overall by 5% from last November. The sales over the last 12 months are up by 25%, 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 November.

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.  
• In Parksville-Qualicum, the benchmark price reached $620,100, up by 7.5 percent from one year ago. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices. 

“Despite what may be the worst recession in B.C. history, the housing market had a record fall season, and prices are rapidly rising as pent-up demand floods into an under-supplied market, … As that pent-up demand from the loss of a spring season fades, sales will likely slow from their current pace, but activity is expected to remain strong as record-low mortgage rates and a recovering economy continue to drive sales.” says BCREA.

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

Single Family Homes
	The Average 12 Month to Date Sale Price increased by 12.33% from the previous 12 month period. The 12 Month to Date Average Sale Price was $685,954. There are 1.05 Months of Inventory of Single Family in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 61 Active Listings. There were 44 units listed and 58 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 7.54% from the previous 12 month period. The 12 Month to Date Average Sale Price was $320,418. There are 4.29 Months of Inventory of Lots in the Comox Valley. It is currently a Balanced Market. This month’s Inventory decreased to 60 Active Listings. There were 6 units listed and 14 units sold.
Apartment Condos
	The Average 12 Month to Date Sale Price increased by 8.92% from the previous 12 month period. The 12 Month to Date Average Sale Price was $322,090. There are 2.4 Months of Inventory of Condos (Apt) in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 36 Active Listings. There were 13 units listed and 15 units sold.
Townhouse & Patio Condos
	The Average 12 Month to Date Sale Price increased by 7.34% from the previous 12 month period. The 12 Month to Date Average Sale Price was $478,496. There are 0.87 Months of Inventory of Condos (Twnhse & Patio) in the Comox Valley. It is currently a Strong Sellers Market. This month’s Inventory decreased to 13 Active Listings. There were 10 units listed and 15 units sold.

Market Legend

• 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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Parksville Qualicum Beach Real Estate Market Update for October 2020

The monthly Parksville Qualicum Beach Real Estate Market Update for October 2020 shows compared to a year ago, a large increase in sales for the entire local area. Overall residential sales from last October in Parksville Qualicum Beach were up 57% and up while the average days to sell increased overall by 26% from last October. The sales over the last 12 months are up by 20%, the market is strong.

Swift sales in the latter half of the year is causing upward price pressure. We have seen significant gains but as we head into fall the numbers have tempered, with October posting a marginal rise.

• Single Family homes sales show rising average prices, the market is active and strong.
• In Parksville Qualicum Beach, the benchmark price reached $619,600, up by 6 percent from one year ago. Benchmark pricing tracks the value of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties in Campbell River. It is normally a more stable price indicator than average prices.

“Demand in the VIREB area continues to be high, but there just aren’t enough homes to satisfy it… Active listings of single-family detached properties (excluding acreage and waterfront) were 733 in October compared to 909 in September. There were 333 condo apartments and 197 row/townhouses for sale last month, down 14 per cent and three per cent, respectively, month over month…We don’t know if it’s a long-term trend, but we have noticed that some of the demand includes buyers who are advancing their retirement plans while others are downsizing and reducing their debt load,” says VIREB president Kevin Reid

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

Single Family Homes
	The Average 12 Month to Date Sale Price increased by 10.4% from the previous 12 month period. The 12 Month to Date Average Sale Price was $674,652. There are 1.09 Months of Inventory of Single Family in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 84 Active Listings. There were 66 units listed and 77 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 9.59% from the previous 12 month period. The 12 Month to Date Average Sale Price was $323,138. There are 6.36 Months of Inventory of Lots in the Comox Valley. It is currently a Soft Buyers Market. This month’s Inventory increased to 70 Active Listings. There were 27 units listed and 11 units sold.
Apartment Condos
	The Average 12 Month to Date Sale Price increased by 4.63% from the previous 12 month period. The 12 Month to Date Average Sale Price was $312,045. There are 3.38 Months of Inventory of Condos (Apt) in the Comox Valley. It is currently a Soft Sellers Market. This month’s Inventory increased to 44 Active Listings. There were 18 units listed and 13 units sold.
Townhouse & Patio Condos
	The Average 12 Month to Date Sale Price increased by 5.6% from the previous 12 month period. The 12 Month to Date Average Sale Price was $468,253. There are 1.05 Months of Inventory of Condos (Twnhse & Patio) in the Comox Valley. It is currently a Avg. Sellers Market. This month’s Inventory decreased to 21 Active Listings. There were 15 units listed and 20 units sold.

Market Legend

• 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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Meet Gord

Gord is a real estate agent on Vancouver Island with PG Direct Realty Ltd. Gordon is a market expert who loves helping people sell their own homes and save tens of thousands of dollars.