July 2017 Market Statistics

July 2017 Market Statistics

Vancouver Island (not including Victoria) 

558 single family homes sold. Average price is $440,792 (up 14% 12 months to date, this year over last year). 33 waterfront homes sold, 48 lots sold & 207 condos sold. Single family unit sales volume is down 5%. Average days on market has decreased by 32% to 37 days. The average condo sells for $287,133. Condo unit sales are down 2%, 12 months to date. Condos have seen a 35% decrease in days on market. Average days to sell is 50 days. Lot sales volume is up by 1%. Lot prices have increased by 11%, 12 months to date. Average lot sale price is $167,854. Most active region: Nanaimo (152 sales). Highest average price: Parksville/Qualicum ($529,786). FULL REPORT HERE.

Nanaimo 

152 single family homes sold. Average price is $496,035 (up 17% 12 months to date, this year over last year). 4 waterfront homes sold, 10 lots sold & 73 condos sold. Single family unit sales volume is down 4%. Average days on market has decreased by 35% to 23 days. The average condo sells for $310,660. Condo unit sales are down 6%, 12 months to date. Condos have seen a 39% decrease in days on market. Average days to sell is 26 days. Lot sales volume is up by 2%. Lot prices have increased by 28%, 12 months to date. Average lot sale price is $214,949. Most active region: North Nanaimo (33 sales). Highest average price: Upper Lantzville ($1,169,000). FULL REPORT HERE.

Parksville/Qualicum

94 single family homes sold. Average price is $514,805 (up 13%, 12 months to date, this year over last year). 7 waterfront homes sold, 6 lots sold & 28 condos sold. Single family unit sales volume is down 12%. Average days on market has decreased by 40% to 27 days. The average condo sells for $327,417. Condo unit sales are down 8%, 12 months to date. Condos have seen a 37% decrease in days on market. Average days to sell is 33 days. Lot sales volume is down 52%. Lot prices have increased by 31%, 12 months to date. Average lot sale price is $240,762. Most active region: Parksville (36 sales). Highest average price: Fairwinds ($884,600). FULL REPORT HERE.

Cowichan Valley 

102 single family homes sold. Average price $422,275 (up 10%, 12 months to date, this year over last year). 9 waterfront homes sold, 6 lots sold & 21 condos sold. Single family unit sales volume is down 7%. Average days on market has decreased by 36% to 34 days. The average condo sells for $255,530. Condo unit sales are down 9%, 12 months to date. Condos have seen a 31% decrease in days on market. Average days to sell is 51 days. Lot sales volume is up by 51%. Lot prices have increased by 5%, 12 months to date. Average lot sale price is $146,718. Most active region: East Duncan (23 sales). Highest average price: Mill Bay ($1,151,148). FULL REPORT HERE.

West Coast 

46 single family homes sold. Average price $269,733 (up 9%, 12 months to date, this year over last year). 2 waterfront homes sold, 15 lots sold & 6 condos sold. Single family unit sales volume is up 8%. Average days on market has decreased by 36% to 52 days. The average condo sells for $231,670. Condo unit sales are up 8%, 12 months to date. Condos have seen a 52% decrease in days on market. Average days to sell is 75 days. Lot sales volume is up by 38%. Lot prices have increased by 2%, 12 months to date. Average lot sale price is $102,220. Most active region: Port Alberni (39 sales). Highest average price: Sprout Lake ($505,500). FULL REPORT HERE.

Victoria 

359 single family homes have sold. Average price is $788,685 (up 15% from 12 months to date, this year over last). 12 lots sold & 322 condos sold. Single family unit sales volume is down 27%. Average days on market has decreased by 25% to 25 days. The average condo sells for $465,564. Condo unit sales are down 12%, 12 months to date. Condos have seen a 48% decrease in days on market. Average days to sell is 22 days. Lot sales volume is down by 20%. Lot prices have decreased by 4% 12 months to date. Average lot sale price is $327,547. Most active region: Victoria (99 sales). FULL REPORT HERE.

Cooper McLintock Hosts Key Event at the Western Canadian RE/MAX Conference