July 2012 Real Estate Market Snapshot – Central Vancouver Island
Vancouver Island
364 Single family homes sold. Avg. price $336,000 (down 1% 12 months to date this year over last). 30 waterfront homes sold, 25 lots sold, & 106 condos sold. Single family unit sales volume is up 3%. Average days on market has increased by 2% to 74 days. The average condo sells for $249,000. Condo unit sales are up 38% 12 months to date. Patio homes have seen the biggest increase in units sold. Condos have seen a 22% increase in days on market. Average days to sell is 111 days. Lot sales volume is down by over 19%. Lot prices have decreased by 6% 12 months to date. Average lot sale price is $134,500 Most active region: Nanaimo; Highest average price: Parksville/Qualicum. FULL REPORT HERE.
Nanaimo
95 Single family homes sold. Avg. price $356,000 (down 2% 12 months to date this year over last). 4 waterfront homes sold, 3 lots sold, & 39 condos sold. Single family unit sales volume has increased by 2% 12 months to date. Average days on market has decreased by 3% to 54 days. The average condo sells for $239,000. Condo unit sales are down 1% 12 months to date. Patio homes have seen the biggest increase in units sold. Condos have seen an 11% increase in days on market. Average days to sell is 82 days. Lot sales volume is down by 16%. Lot prices have decreased by 7% 12 months to date. Average lot sale price is $152,500 Most active region: North Nanaimo; Highest average price: Departure Bay. FULL REPORT HERE.
Parksville Qualicum
55 Single family homes sold. Avg. price $385,000 (down 2% 12 months to date this year over last). 5 waterfront homes sold, 2 lots sold, & 15 condos sold. Single family unit sales volume is up 1%. Average days on market has increased by 1% to 69 days. The average condo sells for $294,000. Condo unit sales are up 6% 12 months to date. Apartments have seen the biggest increase in units sold. Condos have seen a 3% increase in days on market. Average days to sell is 126 days. Lot sales volume is down by 30%. Lot prices have decreased by 6% 12 months to date. Average lot sale price is $165,500 Most active region: Qualicum Beach; Highest average price: Fairwinds FULL REPORT HERE.
Cowichan Valley
48 Single family homes sold. Avg. price $347,000 (down 0% 12 months to date this year over last). 10 waterfront homes sold, 6 lots sold, & 11 condos sold. Single family unit sales volume is down 11%. Average days on market has increased by 3% to 73 days. The average condo sells for $216,000. Condo unit sales are up 94% 12 months to date. Patio homes have seen the biggest increase in units sold. Condos have seen a 17% increase in days on market. Average days to sell is 93 days. Lot sales volume is down by 26%. Lot prices have increased by 6% 12 months to date. Average lot sale price is $140,000 Most active region: Duncan; Highest average price: Mill Bay. FULL REPORT HERE.
