Island Real Estate Market Snapshot
Vancouver Island
301 Single family homes sold. Avg. price $343,125 (unchanged YTD). 27 waterfront homes sold, 19 lots sold, & 100 condos sold. Single family unit sales volume is down 4%. Average days on market has increased by 15% to 75 days. Condos have seen a 24% increase in days on market. Average days to sell is 111 days. Lot sales volume is down by over 47%. Lot prices have increased by a modest 2% year to date.
FULL REPORT HERE.
Nanaimo
96 Single family homes sold. Avg. price $366,872 (down 1% YTD). 2 waterfront homes sold, 31 condos sold & 5 lots sold. Single family unit sales volume is down 4%. Days on market has increased by 20% to 57 days. Condo sales are down 7%. Days on market has increased by 36% to 89 days. Lot sales volume is down 50%. Lot prices have increased by 13% year to date.
FULL REPORT HERE.
Parksville Qualicum
47 Single family homes sold. Avg. price $396,726 (up 3% YTD). 11 waterfront homes sold, 21 condos sold, & 2 lots sold. Single family home sales volume is up 7%. Average days on market has increased by 18% to 70 days. Condo unit sales are down 5%. Lot unit sales are down 52% and lot prices have increased 4% year to date.
FULL REPORT HERE.
General Market State = MODERATE BUYERS MARKET.
OUTLOOK = STABLE & IMPROVING INTO 2012
Market conditions are segment specific, and I can help you find the best buys or attract the best buyers!
