Vancouver Island Real Estate - Good News for Sellers

Posted by Denise Dumbrell
Aug 23rd, 2018 at 2:10pm

The Vancouver Island Real Estate Board (VIREB) has released the July market stats and delivered good news for sellers. Overall, real estate on Vancouver Island has increased an average of 12% since July 2017. Notable increases include Campbell River by 18%, Port Alberni by 16%, Parksville / Qualicum by 14%, and Comox Valley by 13%.

The chart below indicates the percentage of increases for single-family homes on Vancouver Island:

Single-Family Home Price Increases - July 2017 vs July 2018

 

Home prices increases on Vancouver Island

Actual sales are down an average of 21%, but home prices continue to increase across the board. The chart below indicates single-family residential sales, by unit, average sale prices and median price information for VIREB zones.

July 2018 MLS® Sales Summary

July 2018 Sales Summary for Vancouver Island Real Estate

 

Search homes for sale in these hot selling areas:

Don't hesitate to contact Parksville real estate agents Denise or Wayne Dumbrell for more information about the Vancouver Island Market. They've been selling real estate on the island for many years and are happy to help.