Real Estate Market Overview for Vancouver Island (July 2015)
515 single family homes sold. Avg. price $353,327 (up 5% 12 months to date, this year over last). 32 waterfront homes sold, 30 lots sold & 180 condos sold. Single family unit sales volume is up 13%. Average days on market has decreased by 7% to 64 days. The average condo sells for $238,042. Condo unit sales are up 15%, 12 months to date. Condos have seen a 10% decrease in days on market. Average days to sell is 93 days. Lot sales volume is up 5%, 12 months to date. Lot prices have increased by 8%, 12 months to date. Average lot sale price is $146,322. Most active region: Nanaimo; Highest average price: Parksville/Qualicum.