Parksville Qualicum Beach Real Estate News & Market Trends

I am Melanie Peake, Realtor® with Royal LePage Parksville-Qualicum Beach Realty.  We service Parksville, Qualicum Beach, Nanoose, Errington, Lantzville, and Nanaimo.  You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community events.  We truly care about our community and want to help you find your place in it.  Please reach out if you have any questions at all. We’d love to talk with you! MLS® data updated every 5 minutes!!!

 

May 15, 2024

970 Sea Fern Lane, Mudge Island, BC

🌟New Price!🌟970 Sea Fern Lane, Mudge Island, BC. MLS® 959657 $949,900.

Mudge Island walk on waterfront with incredible views!
🔹slice of paradise offering the serenity of remote island living.
🔹Nestled amidst lush greenery, you'll find two separate dwellings, each with its own septic system.
🔹The main house (built in 1967, 973 sq ft) has had updates over the years
🔹Main House: 3 beds, 1 bath and the most beautiful Findlay Oval Wood Stove
🔹Enjoy summer meals with your family on the deck admiring the stunning ocean views.
🔹The cottage (built in 1986, 990 sq ft) has 2 levels (3 bed, 1 bath)
🔹Cottage has wood stove providing the perfect retreat for relaxation.
🔹Furnishings included, sold as is
🔹Workshop has electrical panel
🔹Gabriola Island ferry is 20 minutes from Nanaimo
🔹Mudge Island is boat only access (approx 5 min boat ride).
Immerse yourself in the wonders of nature with whale watching, sea lions and eagles. Embrace the serenity of coastal living. Your island paradise awaits!

Book your showing today!

Posted in Listings
May 15, 2024

1667 Stroulger Rd, Nanoose Bay

🌟New Listing🌟1667 Stroulger Rd, Nanoose Bay, Vancouver Island. MLS® 954661. $5,449,000.
Have you ever dreamed of owning an oceanfront property on Vancouver Island? Prepare to be swept away by a truly unique and extraordinary legacy waterfront estate.
🔹4.25 acres, exquisite property includes the main house, detached games room, cottage and large shop.
🔹Nestled in a secluded, protected cove that offers the most incredible panoramic ocean views.
🔹Recently installed high-end windows allow natural light while framing the surrounding beauty.
🔹Brand new Septic system in 2024.
🔹Impressive granite island and brand new appliances
🔹The large covered patio just off the kitchen
🔹Warm yourself in the winter months with the ambiance of three cozy gas fireplaces - one in the kitchen, living room and office
🔹 Find inspiration while working in the awe-inspiring office overlooking the mesmerizing ocean.
🔹renovated ensuite, featuring a west coast themed shower.
🔹 Indulge in ultimate relaxation with a soak in the new, swim spa and hot tub, perfectly positioned overlooking the bay.
🔹Property has a mature orchard with various fruit trees and grape vines.
🔹Young kids and big kids alike will find endless amusement in the games room. The perfect space for games, card playing and movie watching.
🔹Your guests will be delighted to retreat to their very own private and cozy cottage
🔹The property also features a spacious workshop (14" ceiling height)
Book your showing to view this stunning property today!
Listing Agent: Melanie Peake
*Personal Real Estate Corporation
Royal LePage Parksville-Qualicum Beach Realty
250-954-0100
melanie@melaniepeake.com
Posted in Listings
Nov. 21, 2023

October 2023 market stats for Parksville / Qualicum Beach.

Today is November 20th, 2023 bringing you a market update for October 2023.

Provincially, the number of actual sales have slowed down mainly due to high borrowing costs.  I am finding that buyers are being very cautious and many are waiting on the sidelines watching the market and interest rate announcements.   

Looking at the Parksville and Qualicum Beach Zone 5 area -  with a focus on single family detached homes:

In August 2023: there were 118 Active Listings; in September there were 160 and October was slightly higher at 168 active listings. This is showing that supply has grown with increased listings since the summer.

Now for the number of actual SOLD homes:  There were 57 units reported sold in August 2023;  33 units sold in September; and 37 units sold in October.  These stats are showing the actual number of sales have decreased since the summer.

In the month of October 2023, homes were selling for 97% of the list price.  Most of the offers I have written for buyers in the last few months have had negotiating and have included subjects to give buyers time for their due diligence.

When we look a little further back and compare 12 months to date as of October 2023:  the average sale price was $920,255 = down 6% from 980,493 the year prior.

Overall, supply has been increasing with sellers being somewhat flexible in prices.  When we look at the 168 active listings on the market divided by the units reported sold 37 = this gives us 4.5 months of inventory in zone 5 for Single Family Homes.   Generally a balanced market is 4-6 months of inventory, so we have moved into more of a balanced market.

So what does this mean for you?  Buyers have more selection, listings are staying on the market a bit longer; and have some negotiation power.

If you are a seller, it’s important to be priced right and have to have your home ready for viewings.  With more listings on the market, it’s most ideal to be in the top 2 regarding price and presentation.

If you have any questions regarding the current market, feel free to give me a call.  I would be pleased to chat.

***All stats above are from the Vancouver Island Real Estate Board monthly stats reports.

 

Posted in Market Updates
Nov. 18, 2022

13-285 Harewood Road, Nanaimo

Posted in Listings
Nov. 5, 2022

Market Stats - October 2022 , Melanie Peake PREC* at Royal LePage Parksville-Qualicum Beach Realty

Posted in Market Updates
Nov. 4, 2022

Melanie Minute - Mortgage Talk with Dana Lynn - Mortgage Consultant at 4Front Mortgages and Melanie Peake Personal Real Estate Corporation at Royal LePage Parksville-Qualicum Beach Realty

Sept. 2, 2022

4988 Currie Pl Nanaimo

Posted in Listings
Aug. 22, 2022

322-1600 Stroulger Rd., Nanoose Bay, BC. MLS® 912043

Posted in Listings
Aug. 7, 2022

July 2022 Market Stats - Parksville

Posted in Market Updates
May 11, 2022

15 Trill Dr, Parksville, B.C.

Posted in Listings