Real Estate Statistics for August 2019

Real Estate Statistics for August 2019
  August 2019 July 2019 August 2018
Unit Sales: 90 109 120
Average Sale Price: $549,622 $554,240 $566,795
Parksville / Qualicum      
Unit Sales: 62 61 66
Average Sale Price: $608,200 $605,679 $610,394
Nanaimo home sales decreased 25% in August 2019 when compared with August 2018. The average sale price decreased 3%. The median house price was $537,500.

Parksville/Qualicum home sales decreased 6% in August 2019 when compared with August 2018. The average sale price decreased less then 1%. The median house price was $559,000.
Synopsis for Nanaimo
In Nanaimo for August 2019 there were 368 active listings of single family freehold homes, which is 3% lower then August 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.

The following graph shows how the homes sold v homes listed v total number of active listings have changed over the previous years.

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,


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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.