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

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Qualicum Beach Parksville Area Real Estate Market Summary October 2019 - Part 1

Real Estate Market Snapshot for October 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 October 2019 – Click for Part 2:
Market Stats

The real estate market in the Qualicum Beach Parksville area over the spring/summer/fall 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 last year. Yet it is interesting to note that about 20% of homes sell in the first week and about 45% within one month. The number of homes sold by the listing broker is down to 22% due to the new real estate rules which do not allow "double ending". Of the 663 single family homes that sold locally in the first 10 months of 2019, 60% sold for between $400K to $700K making that price range the majority of sales.

Over the past 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 saw during 2015 – 2018. When all single family sales are combined during the previous 12 month period, as of October, sale pricing is down slightly by 2% to about $606K from about $615K. Note that it was in July of last year that single family home sale prices began to ‘level out’ and hold steady.

Locally, this is a small real estate market in a great locale.

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