Real Estate in Qualicum Beach, Parksville, and Nanoose Bay
Anchor Realty 113 West 2nd Avenue
Qualicum Beach, BC Canada
(250) 951-4882
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Nanoose Bay, Parksville, and Qualicum Beach Market Stats

Local Real Estate Market Statistics

Qualicum Beach Parksville Area Real Estate Market Summary July 2019 - Part 2

Real Estate Market Snapshot for July 2019 of the Qualicum Beach Parksville Nanoose Bay Fairwinds & Area Single Family Home Sales This is the Qualicum Beach Parksville Nanoose Bay Fairwinds & Area Market Snapshot of Home Sales for July 2019 – Click for Part 1:
Market News

Specifically in July, the median sale price of single family homes was $585,000 with an average sale price of $606,679 (not including waterfront or acreages). This is down by just 3% compared to July of 2018. Patio-home condos sold on average for $435,519, apartment condos sold for $283,818 & townhomes averaged $523,000. Five building lots sold in July at an average sale price of $261,900. Current inventory has jumped to 34 lots which is up considerably over July of last year. The list to sell ratio for single family home sales was 96% in July. Single family home listings are up by 19% & in all property types by 19% as well when compared to July of last year. It has been a somewhat slower spring/summer market this year and the number of single family homes sold is down by 8% for July of this year compared to 2018. It is taking a bit longer to sell this year with the days to sell averaging 30 days.

Buyers want to move here, especially in retirement, for both the milder climate & better lifestyle. Sellers generally either want to downsize, move to another home with an ocean view that they didn’t have before, or to relocate back to where their kids & grandkids live. Here, we see a great gray wave of Boomers (more like a gray tsunami...) retiring to the region. Retirees drive the local economy along with tourism. Retirees keep the trades people busy with home renovations & new home construction. The 'elderhood market' is now known as the new silver economy. This will have a dramatic effect on society, with tremendous business opportunities that emerge from this burgeoning demographic.

The 2018 RE/MAX Recreational Property Report states that although the BC market is driven primarily by retirees, an emerging trend is the presence of couples and young entrepreneurs in search of work/life balance. The BC speculation tax does not apply to the Qualicum Beach/Parksville area. Some may acquire a recreational property as the cost of home ownership in places like Vancouver and Victoria has become prohibitive. For others it’s a stress-relieving escape from a fast paced life and career. While for others it can be part of a retirement strategy.

A balanced real estate market trend in the Qualicum Beach Parksville area has emerged with single family home & condo sale price increases having moderated or 'levelled off.' If you go to the ‘Market News’ tab on my website you will see the graph in Part 1 showing single family home sale pricing over time & see for yourself how it has ‘levelled off.’

Here are few interesting trends for you regarding the overall BC economy. 70% of Canadians over 60 want to retire in BC. In 1960, the average Vancouver home sold for $13,105. In 1998, the average sale price stood at $346,540. Today that average Vancouver home is $1.8M (Ozzie Jurock). BC has an economy that continues to attract talent, thanks to flexible immigration policies and an enviable quality of life. BC's unemployment rate ended at 4.4%, lower than anywhere else in the country, and remained so through the first quarter of this year (BC Business).

At RE/MAX Anchor in Qualicum Beach & at RE/MAX First in Parksville, our full-time REALTORS have the highest number of sales per REALTOR when compared to our local competition.

Outstanding Agents…Outstanding Results


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Home Pricing Trends

Monthly home pricing market trends reports covering each month back to 2006.

Download all the information you need on home pricing trends for Nanoose Bay, Parksville, and Qualicum Beach and area in a single PDF, found below.

Monthly Home Sales Prices

Monthly home sales reports covering each month back to 2006.

Whether buying or selling, refer to up-to-date monthly property sales information for Nanoose Bay, Parksville, and Qualicum Beach and area during the past year.

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