Real Estate in Qualicum Beach, Parksville, and Nanoose Bay
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Qualicum Beach Parksville Area Real Estate Market Summary June 2019 - Part 1

Real Estate Market Snapshot for June 2019 of the Qualicum Beach Parksville Nanoose Bay Fairwinds & Area Single Family Home Sale Pricing This is the Qualicum Beach Parksville Nanoose Bay Fairwinds & Area Real Estate Market Snapshot of Home Sales Pricing for June 2019 – Click for Part 2:
Market Stats

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. The number of homes sold by the listing broker is down to 25% due to the new real estate rules which do not allow "double ending". Of the 371 homes that sold locally in the first 6 months of 2019, 68% sold for over $500K with 34 sales over $1M.

To get at the overall trends in the local market, I have summarized the sales figures over the first 6 months (Jan Feb Mar April May June) 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 3% to $604,991. It has been a somewhat slower spring market this year as the number of single family homes sold is down by 9%. It is taking a bit longer to sell in this market as the days to sell is up by 28% to 35 days. In summary, prices are holding steady, sales are down a bit, it’s taking longer to sell & the number of listings are up, compared to the first half of last year.

The real estate market has ‘levelled out’ in terms of pricing and has become more of a balanced market. At least for now, gone are the double digit price increases & unsettling multiple offers that we have seen during the past 3 years. Specifically in June, the median sale price of single family homes was $570,000,000 with an average sale price of $572,055 (not including waterfront or acreages). This is down by 6% compared to June of 2018. Again for June, patio-home condos sold on average for $442,351, apartment condos sold for $320,505 & townhomes averaged $475,917. Only 1 building lot sold in June. However, current inventory has jumped to 36 lots which is up considerably over June of last year. The list to sell ratio for single family home sales was 98% in June. Single family homes listings are up by 23% & in all types by 21% when compared to June of last year.


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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.

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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.

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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 Newsletter January 2019 Qualicum Beach Parksville Nanoose Bay & Area Vancouver Island, BC

2018 Real Estate Summary & Outlook for 2019

The Qualicum Beach Parksville Nanoose Bay Fairwinds Bowser Deep Bay area real estate market in 2018 started to cool off after a spectacular run that began in 2016.

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Real Estate Market Qualicum Beach Parksville & Area Levelling Out December 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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Qualicum Beach Parksville Fairwinds Nanoose Bay & Area Real Estate Market Newsletter September 2018

Up to Date Information & Insight into the Qualicum Beach Parksville Fairwinds Nanoose Bay & Area Real Estate Market

More of a balanced real estate market has emerged over the summer.

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