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Real Estate Market Overview for Vancouver Island (May 2015)

527 single family homes sold. Avg. price $349,800 (up 4% 12 months to date, this year over last). 34 waterfront homes sold, 37 lots sold & 172 condos sold. Single family unit sales volume is up 11%. Average days on market has decreased by 1% to 68 days. The average condo sells for $239,742. Condo unit sales are up 12%, 12 months to date. Condos have seen a 6% decrease in days on market. Average days to sell is 94 days. Lot sales volume is up 10%, 12 months to date. Lot prices have increased by 9%, 12 months to date. Average lot sale price is $142,198. Most active region: Nanaimo; Highest average price: Nanaimo


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