March Market Update

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  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Apr 4th, 2015 at 12:30 pm

Prices for March are down by 1% while overall sales volume is down by 3% compared to last year. Days to sell is also reduced by 9% to 62 days. This is likely due to a reduced overall inventory of homes locally. With fewer homes to choose from it makes sense that they are selling somewhat quicker. It's been a bit of a slow start to our spring sales this year as many Albertans are having to deal with the implications of lower crude oil pricing. Some of the 55 to 65 year olds may decide that this is a good time leave the oil patch and to get on with their retirement plans. This might require taking less for their current home in Alberta. However, our home prices here have remained steady for quite some time. Here you will find realistic pricing and homes offering good value! See you soon!

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