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Market Update July 31/2020 Qualicum Beach

Home > Market News > Market Update July 31/2020 Qualicum Beach

Courtesy VIREB

  • Photograph of Nancy Smith
  • Qualicum Beach REALTOR®
  • Published: Aug 6th, 2020 at 4:12 pm

VIREB's housing market continues to recover from the COVID-19 downturn seen in April and part of May.

A total of 892 units sold in July 2020, down four per cent from the 931 sales posted in July 2019. Breaking down those sales by category, 574 single-family detached properties sold on the MLS® System last month compared to 573 in June 2020 and 554 in July 2019. Sales of condo apartments dipped by 14 per cent year over year while row/townhouse sales dropped by 16 per cent.

The benchmark price of a single-family home board-wide was $545,700 in July, an increase of six per cent from the previous year and two per cent higher than in June. In the apartment category, the year-over-year benchmark price rose by four per cent, hitting $312,800 and up marginally from June. The benchmark price of a townhouse in July rose by four per cent year over year, climbing to $425,800 but down slightly from June.

Total Single Family, Condo/Strata Sales Year to Date

VIREB Media Release about market conditions in July 2020.

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