Real Estate Newsletter August 2014 for Qualicum Beach Parksville & Area

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Real Estate Qualicum Beach Parksville & Area to Nanoose Bay

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Aug 2nd, 2014 at 1:03 pm

So far this year our local market has been fairly active. The stats for the month of August show that over January to the end of August this year compared to last, single family sales are up by 23% with the average selling price up 2%. Sales were predominantly under the threshold of $450,000. The average sale price for a single family home in this region is $386,559 with a median sale price of $357,500. The average days to sell over this first 8 month period is 62

CREA, August 14, 2014

Home Buying Heats Up Over the Summer Months

The British Columbia Real Estate Association (BCREA) reports that a total of 8,493 residential sales were recorded by the Multiple Listing Service in July, up 11 per cent from July 2013. Total sales dollar volume was $4.65 billion, an increase of 13.8 per cent compared to a year ago. The average MLS residential price in the province rose to $547,926, up 2.5 per cent from the same month last

“Strong consumer confidence continues to drive a summer rally of home sales,” said Cameron Muir, BCREA Chief Economist. “While sales were up in all but one BC real estate board area, the Okanagan has posted a meteoric rise in consumer demand, with the most home sales on record for the month of

“Overall market conditions remain in relative balance in BC,” added Muir, “however, relatively fewer homes for sale have created sellers’ market conditions in some

Year-to-date, BC residential sales dollar volume was up 24.5 percent to $28.5 billion, compared to the same period last year. Residential unit sales were up 17.2 per cent to 50,376 units, while the average MLS residential price was up 6.2 per cent at $565,

Remember, if you don’t see the listing you want on the website, please let me know and I will find it for you.  Also, if you are coming out to house-hunt, please let me know ahead of time and I will schedule time to show you suitable properties.

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