Real Estate Market Review for 2014 and Looking Ahead to 2015 for Parksville Qualicum Beach & Area to Nanoose Bay.

Home > Market News > Tom’s Blog > Real Estate Market Review for 2014 and Looking Ahead to 2015 for Parksville Qualicum Beach & Area to Nanoose Bay.

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Dec 4th, 2014 at 9:21 am

Our market has been fairly active this year. The stats for the month of November show that during January to the end of November this year compared to last, single family sales were up by 20% with the average selling price up 5%. Sales were predominantly under the threshold of $450,000. The average sale price for a single family home in this region over the past 11 months is $394,160 with a median sale price of $361,000. The average time to sell is typically 2 to 3 months. Our local real estate market pricing hit bottom in the summer of 2013. However, gains by about the rate of inflation have been the norm since then. We should be in for a very good year in 2015. See Market News on my website for more.

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