Real Estate in Qualicum Beach, Parksville, and Nanoose Bay
Anchor Realty 113 West 2nd Avenue
Qualicum Beach, BC Canada
(250) 667-0719
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Qualicum Beach Parksville Area Real Estate Market Summary April 2020 - Part 1

Real Estate Market Snapshot for April 2020 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 April 2020 – Click for Part 2:
Market Stats

The COVID-19 influence on the market is not yet understood, as activity dropped quickly when the shutdown began. Because if this, we have provided a bit of news with Market Statistics for April but will just add this note and April chart to our Market News for April. The March 2020 update will remain posted for now.

March 2020 - The real estate market in the Qualicum Beach Parksville area over the summer/fall/winter months has seen prices climbing steadily, with single family home sales up a bit from 590 last year to 631, it’s taking a little longer to sell, up to 34 days over 31 last year though the number of listings is the same as this time last year.

March 2020 - Yet it is interesting to note that about 24% of homes sell in the first week and about 48% within one month. The number of homes sold by the listing agent is down due to the new real estate rules which do not allow "double ending". Generally the listing agent will extend a client to another agent who compensates the listing agent. It is taking time to adjust to many new rules and now with the COVID-19 pandemic, though the office staff are still working hard, the office is closed to walk-in enquiries. Phone the office or contact an agent directly. Phone or TEXT me directly, Nancy @ 250 667-0719.

March 2020- Of the 631 single family homes that sold locally in the last twelve months, 60% sold for between $500K to $780K. There also has been a significant increase in waterfront property listings, selling for $1 million for a tear down, to homes approaching $3 million. There is currently one listing on the 'exclusive' Judge's Row, where many new homes are currently under construction, or have just completed. Judge's Row offers one of the nicest sandy beaches on Vancouver Island. April UPDATE: The Judge's Row home is SOLD.


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Market impact and reaction to COVID.19

The Market Paused for a Breath.

As no one knows how the real estate market will react to the fear and isolating effects of COVID-19, we are also not sure of the future market reaction. We present a few basic April 2020 statistics as presented by VIREB.

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Pandemic COVID.19 Thank you.

We are so grateful for all the hard working people.

We are so thankful for all the people who make our lives easier, who risk their own lives, for the good of all.

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COVID.19 Property Listing and Showing Services.

NANCY SMITH is Equipped to Help Through Pictures and Video

Pictures and videos have become a very necessary tool to assist clients with the purchase or sale of their home.

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A Rebound, or Just a Blip

Has the USA Housing Market Hit Bottom, or Will Coronavirus Slam It ?

The latter part of 2019 saw a consistent home market uptick, and though projections are for a continued pace, influences like the Coronavirus and the USA election, will affect both Canadian and USA markets. Maybe many people are waiting to see how the market moves before they decide to make a change and sell their existing home due to changing needs, creating a pent-up flood of potential market activity.

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USA Housing Statistics Are Similar to Canada

Current Sentiment is Pointing to a Stronger Housing Market.

We try to keep our local Market News and Market Statistics up to date monthly. This morning I saw USA stats as presented by Bloomberg and was surprised how similar their stats measure against Canada. It is difficult to project the long term trend by past news, but the current Corona Virus concern will affect our supply market for many products, as they have been a consistent provider. With the China shutdown, no one really knows the long term impact on our lives. Local Realtors are anticipating a strong 2020 home sales market. That said, we reproduce Bloomberg's USA housing statistics for your reading pleasure:

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Insurance is Stressing Strata Owners.

Most Insurance Issues Apply to Poorly Maintained and Poorly Operated Properties.

Strata Insurance has hit the news headlines and of course the media tends to spotlight and sensationalize their articles.

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January 2020 Market Update for Vancouver Island, includes Qualicum Beach, Parksville, Nanoose.

Market Update for Month of January 2020

January 2020 Market Update as Released by CREA Sales of single-family homes dropped by 16 per cent from one year ago and were 26 per cent lower than in December. However, this is a broad paintbrush, and the Local Market of Qualicum Beach will be summarized shortly, in follow up articles.

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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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