Real Estate in Qualicum Beach, Parksville, and Nanoose Bay
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Qualicum Beach and Area Local News Archive

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Real Estate Market Update September 2019 Qualicum Beach Parksville Area Vancouver Island, BC

September 2019

Specifically in September, the median sale price of single family homes was $568,500 with an average sale price of $618,565 (not including waterfront or acreages). This is about the same price as in July of 2018.

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Real Estate Market Update August 2019 Qualicum Beach Parksville Area Vancouver Island, BC

August 2019

The real estate market in the Qualicum Beach Parksville area over the spring/summer months has seen prices basically holding steady, with sales down a bit, it’s taking a little longer to sell & the number of listings are up, compared to the first half of last year. Yet it is interesting to note that about 30% of homes sell in the first week and about 50% within one month. The number of homes sold by the listing broker is down to 26% due to the new real estate rules which do not allow "double ending". Of the 531 single family homes that sold locally in the first 8 months of 2019, 68% sold for over $500K with 46 sales over $1M.

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Real Estate Market Update July 2019 Qualicum Beach Parksville Area Vancouver Island, BC

July 2019

The real estate market in the Qualicum Beach Parksville area over the spring/summer months has seen prices basically holding steady, with sales down a bit, it’s taking a little longer to sell & the number of listings are up, compared to the first half of last year.

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Real Estate Market Update June 2019 Qualicum Beach Parksville Area Vancouver Island, BC

June 2019

The real estate market in the Qualicum Beach Parksville area has fluctuated quite a bit during the early part of this year. It is interesting to note that for the month of June, 31% of homes sold in the first week and 61% within one month.

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Real Estate Market Update May 2019 Qualicum Beach Parksville Area Vancouver Island, BC

May 2019

The real estate market in the Qualicum Beach Parksville area has fluctuated quite a bit during the early part of this year. It is interesting to note that for the month of May 35% of homes sold in the first week and 62% within one month. The number of homes sold by the listing broker is down to 29% due to the new real estate rules which do not allow "double ending". There were 32 sales of homes in the area selling for over $1M and 45% of the single family homes sold were over $600K.

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Real Estate Market Update April 2019 Qualicum Beach Parksville Area Vancouver Island, BC

April 2019

The real estate market in the Qualicum Beach Parksville area has fluctuated quite a bit during the early part of this year. To get at the overall trends in the local market, I have summarized the sales figures over the first 4 months (Jan Feb Mar April) of 2019 & compared that to the same period in 2018. Tabulated results for 2019 show that average sale pricing for single family homes is down by just 1% to $620,406. It has been a somewhat slower spring market this year as the number of single family homes sold is down by 18%. It is taking longer to sell in this market as the days to sell is up by 38% to 40 days. In summary, prices are holding steady, sales are down a bit, it’s taking longer to sell & the number of listings are up.

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Real Estate Market Update March 2019 Qualicum Beach Parksville Fairwinds Nanoose Bay Deep Bay & Area Vancouver Island, BC

March 2019

The Qualicum Beach Parksville Nanoose Bay Fairwinds Bowser Deep Bay area real estate market has levelled out in terms of pricing and shifted to a more balanced market.

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Real Estate Market Update February 2019 Qualicum Beach Parksville Fairwinds Nanoose Bay Deep Bay & Area Vancouver Island, BC

February 2019

Real estate market sales in the Qualicum Beach Parksville Nanoose Bay Fairwinds & Area see a great gray wave of Boomers (more like a gray tsunami...) retiring to the region.

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Real Estate Market Update January 2019 Qualicum Beach Parksville Fairwinds Nanoose Bay Deep Bay & Area Vancouver Island, BC

January 2019

A balanced market trend has emerged with single family home sale and condo sale pricing having moderated somewhat. I am calling it a 'levelling off.' This bodes well for buyers!

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Real Estate Market Summary 2018

Shift to a More Balanced Market

The Qualicum Beach Parksville Nanoose Bay Fairwinds Bowser Deep Bay area real estate market has levelled out and shifted towards a more balanced market. Local home sales in 2018 were at a slower pace compared to 2017. The number of single family home sales dropped by 22% with sales dollars down by 11% compared to 2017. However, the overall average sale pricing of single family homes in 2018 was up by 13% compared to 2017.

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Real Estate Market Summary for 2017

Qualicum Beach Parksville Nanoose Bay Fairwinds Area of Vancouver Island, BC

The big real estate story throughout the year concerned increases in home prices within the Greater Vancouver area and the impact of foreign buyers. In BC, real estate seems to be the main topic of conversation second only to the weather.

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Real Estate Market Summary for 2016

Qualicum Beach Parksville Nanoose Bay Fairwinds Area of Vancouver Island, BC

Many changes occurred in 2016 affecting real estate in BC.

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Real Estate Market Interview on CKNW 980 AM Radio – Saturday September 17, 2016

Hear Tom’s Radio Interview on Moneytalks Hosted by Victor Adair

Real estate market in the Qualicum Beach Parksville Fairwinds Nanoose Bay area of Vancouver Island hear Tom Whitfield's radio interview update on CKNW 980 AM Moneytalks hosted by Victor Adair at http://www.cknw.com/audio/ see September 17 at about 8:51 am for the live broadcast or see the following for the transcript of that interview:

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Timing is Everything

Local Real Estate Market is Sizzling Hot - April 2016

Qualicum Beach Parksville real estate is being taken up quickly by Lower Mainland buyers who have arrived, en masse.

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Real Estate Newsletter January 2016 for the Qualicum Beach Parksville Nanoose Bay & Area

Real Estate Market Update for Qualicum Beach Parksville Nanoose Bay & Area

The Bank of Canada recently announced that it is maintaining its overnight rate at 0.5% largely due to low energy prices. It is anticipated that the bank will likely remain sidelined for 2016 while the worst of the oil-shock passes. In addition, the US Federal Reserve (the Fed) opted to leave its target rate unchanged as well. The Fed expects that inflation will remain low in the near term but will slowly rise to 2% over the median term as the impact of low energy prices fades. (British Columbia Real Estate Association – January 2016) New mortgage down payment rules will go into effect February 15, 2016. The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000. Properties up to $500,000 will continue to require a minimum of 5% down. Properties in excess of $1,000,000 will still require 20% down.

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Real Estate Market 2014 Year End Review & Looking Towards 2015.

Real Estate Qualicum Beach Parksville & Area to Nanoose Bay

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.

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New System for Home Sales Stats

New System for Home Sales Stats - November 2013

Sales activity across the Vancouver Island housing market area continued to improve in the month of October, resulting in a 29 per cent increase in unit sales over this time last year. As sales momentum continues to build after a particularly slow market last year, we are witnessing a return to our historical averages across the board area.

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British Columbia Real Estate Association

Shelter Tax Relief - February, 2012

Welcome relief may be the best way to describe the reactions of many to two significant announcements for the new housing market made by Minister of Finance Kevin Falcon on February 17, 2012. BCREA thanks the BC government for these measures, which respond directly to concerns expressed for the past two years.

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New BC Survey Suggests Real Estate Purchase Confidence Improving

Vancouver, BC - July 15, 2009

A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving.

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Market Update Spring 2009

Nanoose Bay, Fairwinds, Parksville, Qualicum Beach & Area - March 1, 2009

If you can afford to make the payments for the next 5 years or so and you love the property, then it's a great time to buy! We have a very good selection of properties to choose from with mortgage interest rates at 40-year lows. Pricing on single family homes has come down about 7 to 10% from about the spring of 2008 level. It is a buyer's market!

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So which country has the soundest banking system?

REUTERS - October 9, 2008

Canada has the world's soundest banking system.

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