Nanoose Bay, Parksville, and Qualicum Beach Market Stats

Local Real Estate Market Statistics

Qualicum Beach Parksville Area Real Estate Market Summary December 2019

This is the Qualicum Beach Parksville Nanoose Bay Fairwinds & Area Market Snapshot of Home Sales for December 2019 – Click here for News::
Market News

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. --------> The year 2020 marks the beginning of the decade of the yold, or the 'young old.' The years 2020-25 will see a big bulge in the populations of people reaching retirement age. Due to better life expectancy and financial well-being, the yold will challenge the traditional expectations of retirees and will disrupt consumer, service and financial markets (The Economist). Certainly here, retirees drive our local economy along with tourism. Retirees keep the trades people busy with home renovations & new home construction.

Specifically in December, the median sale price of single family homes was $635,000. The average sale price was $731,448 (not including waterfront or acreages). This is up by 13% compared to $647,375 in December of 2018. Patio-home condos sold on average for $343,780, apartment condos sold for $278,200 & three(3) townhomes sold in December, average $450,633. No building lots sold in December either. Current inventory is at 33 lots overall in the local region. The list to sell ratio for single family home sales was 76% in December. Single family home listings at 151 homes, is at the same level(153) as at this time last year. Also, listings of all property types are at the same level as at this time last year. It has been a somewhat slower spring/summer/fall market this year with sales volume of specifically single family homes down by 4% compared to 2018. It took an average of 30 days to sell a single family home in December, down from 55 days in December 2018.

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

Get Market News/Stats Delivered Monthly

Send Sales Stats To: Send Sales Stats To: Send Market Newsletter To:

Send