I am Melanie Peake, Realtor® with Royal LePage Parksville-Qualicum Beach Realty. We service Parksville, Qualicum Beach, Nanoose, Errington, Lantzville, Nanaimo and Cedar. 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!!!
The video above provides market stats for January 2021 for the areas of Parksville, Qualicum Beach, Nanoose and Nanaimo. We have been in an intense sellers market over the past couple of months. Our inventory levels are the lowest they have been over the past 10 years! In January last month for single family homes in Zone 5, we had 50 Active Listings and 38 sold homes; which equates to 1.31 months of inventory available. The Sell to List Ratio was 98.89% - which essentially means that the majority of single family homes are selling very close to the listed price (or over asking). This has been a great market for sellers.
On the flip side, if you are a Buyer in this market, it's very important to work with your mortgage specialist to know what you are pre-approved for. Also, be ready to look at homes quickly and to write offers quickly. Buyers are definitely having to be more aggressive now than in previous markets. Feel free to give me a call any time to chat about the market! ~ Melanie
We are still in a Sellers Market in Zone 5 on Vancouver Island. This video provides some market stats for October 2020 for the areas of Parksville, Qualicum Beach and Nanoose.