Real Estate Market Update March 2020 Qualicum Beach

March 2020 - courtesy VIREB

• 
• By Nancy Smith
• Qualicum Beach REALTOR®
• Published: Apr 10th, 2020 at 2:37 pm

March 2020 Market Update

Although the COVID-19 health crisis will undoubtedly dampen the housing market, the virus had little impact on March sales.

Last month, 333 single-family homes sold on the MLS® System compared to 259 in February 2020 and 308 in March 2019. Apartment sales in March did drop by 44 per cent year over year, but there was a 40 per cent increase in townhouse sales from one year ago.

The benchmark price of a single-family board-wide last month was $521,400, a four per cent increase from one year ago and marginally higher than in February. In the apartment category, the year-over-year benchmark price rose by seven per cent, hitting $314,700, which is around one per cent higher than the previous month. The benchmark price of a townhouse in March rose by four per cent year over year and was two per cent higher than in February, climbing to $417,900.

See the PDF chart below for area sales and price range for Jan-March/2020

For specific answers, contacy NANCY SMITH via cell:  TEXT or Phone 250 667-0719

MLS Single Family Sales Analysis - Jan-March/2020 (pdf)