Low Inventory Continues to Push Prices Higher

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Few Listings & Higher Prices in October

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Nov 10th, 2017 at 2:20 pm

Sales in the Qualicum Beach Parksville Nanoose Bay Fairwinds & Area real estate market see a wave of Boomers retiring to the region while at the same time the supply of available listings has remained lower than usual all year. Pressure on the demand side has resulted in about 30% of listings selling in under 1 week, about 41% in 2 weeks and overall about 55% are selling in 4 weeks.  Single family home prices are up 13% over the past 12 months, building lots by 20% and patio-home condos by 23%. Contact Tom for more information.

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