Real Estate Statistics for March 2019

Real Estate Statistics for March 2019
  March 2019 February 2019 March 2018
Unit Sales: 95 70 99
Average Sale Price: $546,656 $544,971 $547,956
Parksville / Qualicum      
Unit Sales: 47 28 53
Average Sale Price: $590,299 $605,158 $667,542
Nanaimo home sales decreased 4% in March 2019 when compared with March 2018. The average sale price decreased less then 1%. The median house price was $530,000.

Parksville/Qualicum home sales decreased 11% in March 2019 when compared with March 2018. The average sale price decreased 12%. The median house price was $520,000.
Synopsis for Nanaimo
In Nanaimo for March 2019 there were 312 active listings of single family freehold homes, which is 15% higher then March 2018.
The graphs below are for Nanaimo and show the average sold numbers and average sold price since 2015 (single family homes only.)

The following graph shows the % difference of the housing price index (HPI) from the same month 12 months ago. It is split into the different sub-areas and is for single family homes.

The following graph shows what is called the absorption rate. This is the time it would take the current homes for sale, to sell, if no new homes were listed, which indicates whether we have a sellers, balanced or buyers market. The 3 rates are based on 1, 6 and 12 months of sales data.

These figures do concentrate on single family homes but if you would like similar information for other property types, such as apartments or patio homes, or specific geographical areas of Nanaimo or Parksville/Qualicum, then I would be more than happy to discuss those with you as well.
As always I hope you find these monthly newsletters informative and if at any time you or any of your friends, relatives or co-workers are looking for a professional realtor to help them buy or sell a home, or just have a real estate question, please call my personal cell, 250-739-1228, or drop me an email.
Thank you,

Featured Listing
Welcome to Village on the Green, one of the most popular 55+ communities  in Nanaimo. The development has a gate at the main entrance giving that extra piece of mind with regards to security and also has a large 2 storey clubhouse which has numerous functions for the residents. Located in beautiful Departure Bay you are not far from the beach, transit, shopping and the development is located adjacent to Nanaimo golf course. This is a larger patio home with the bonus of a lower basement level with a family room, half bathroom, two rooms that could be used as offices, craft rooms or extra bedrooms. There is also a large unfinished room which would make an ideal workshop or extra storage for those downsizing from larger homes. The main level consists of the good sized kitchen with space for an eating nook, open plan dining/living room, master bedroom with ensuite and walk in closet and 2nd bedroom. The laundry is also located on this level. 52-2759 Keighley Road is priced at $399,900.


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Ian Hodson
Telephone: (250) 756-1132
Toll Free: 1-800-377-4374
Fax: (250) 756-1210
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.