Real Estate in Qualicum Beach, Parksville, and Nanoose Bay
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Qualicum Beach, BC Canada
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Qualicum Beach Parksville Area Real Estate Market Summary December 2019

Real Estate Market Snapshot for December 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 December 2019 – Click here for Stats:
Market Stats

Sorry for the publishing delay, as Tom Whitfield has retired and NANCY SMITH graciously has accepted the responsibility of continuing Tom's traditional Market News. We also hope to bring some other informational articles in NANCY SMITH's Blog, and Market Statistics. Other than a Christmas flurry of activity in the real estate market in the Qualicum Beach Parksville area, prices and trends have stabilized. Some of this unusual activity might be attributed to the lovely fall weather we have experienced. In fact yesterday, January 15th, we saw an amazing accumulation of our first snowfall, reaching about 12" deep, which is quickly melting as temperatures have climbed all day to 3-4*C(36-40*F).

Supply of quality homes have hampered our real estate market. For December, 41 single family homes have sold over last years 31 and condo sales have jumped 105% over last year to 13. Patio style condos have lead the market with lightning fast sales average 21 days, verses 61 days last year. Single family homes followed suit, taking only an average of 30 days compared to last year's 55 days of waiting. For the past twelve months however, single family home sales have dropped from 625 to 604 units, and condo unit sales have jumped from 254 to 284 units year over year. The condo market increase seems to reflect the bottom up shopping many clients engage in, preferring to start shopping at the lowest prices until they find a home that will work for them, verses shopping for a home they desire. As we have previously mentioned, single family home prices continue to climb, though not as steep as the previous four years. The median selling price is now $635,000 for December, and the year over year median price is a low $567,000. Christmas has been delightful for sellers.


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Market Update December 2019 The Local Housing Market Ends With No Surprises

December Wrap up for 2019

Trend-wise, VIREB’s housing market is balanced in most areas and inching towards a buyers’ market in a few zones. Overall, however, home sales and listing activity are at typical levels for our region. REALTORS® across the Island are reporting that there is interest among buyers, but many are taking a wait-and-see approach.

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Real Estate Market Update December 2019 Qualicum Beach Parksville Area Vancouver Island, BC

December 2019

Regionally: Parksville-Qualicum area saw its benchmark price increase by one per cent to $583,400.

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December 2019 Qualicum, Parksville and Nanoose Bay Market News Update. Real Estate, Vancouver Island.

Nancy Smith RE/MAX Anchor Realty

Board Wide: The Parksville and Qualicum area saw its benchmark price increase by around two per cent to $576,500.

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