Vancouver Island Real Estate Board’s Market Update

Long-Running Sellers’ Market Moving Towards Balanced Conditions   NANAIMO, BC – October 1, 2018 Sales of single-family homes in September dropped by 32 per cent from one year ago and 25 per cent from August 2018.

Is It Still A Seller’s Market?

The Vancouver Island Real Estate Board reports last month, 444 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 518 in May and 617 one year ago. The number of apartments changing hands last month dropped by 21 per cent, but in the townhouse category, sales increased by 26 per cent.

Single-Family Benchmark Price Surpasses $500,000 in May

NANAIMO, BC – The benchmark price of a single-family home in the VIREB area broke the $500,000 mark in May, rising to $507,700, a 17 per cent increase from one year ago.


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Sales Holding Steady Amid Rising House Prices

NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) reports sales of single-family homes in the VIREB area rose by 20 per cent month over month in April but remained static from one year ago.

Market Statistics – What is going on?

You may be asking “What is going on?” The short answer is the market is hot right now, but don’t wait to sell. Currently, supply cannot meet demand. As of the end of February there were only 114 single family homes listed on MLS in the Cowichan Valley.