Continuing Trend Towards a Balanced Real Estate Market

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Less Upward Pressure on Prices

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Aug 5th, 2018 at 12:10 pm

The Qualicum Beach Parksville Nanoose Bay Fairwinds & Area real estate market has seen a shift towards a more balanced condition over the July, June & May period. The number of single family home sales has dropped by 30% with sales dollars down by 18% compared to the same period last year. The number of listings of single family homes is up by 35% compared to last year while the number of listings among all types of properties is up by 23%. It appears as though we may have begun a trend towards more balance between supply and demand, causing less upward pressure on prices.

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