Market Stats - Monthly

May 2026 Market Update

Sat, 13 Jun 2026 01:28:55 GMT

April 2026 Market Update

Sat, 25 Apr 2026 20:48:29 GMT

February 2026 Market Update

Fri, 06 Mar 2026 22:58:59 GMT

January 2026 Market Update

Fri, 06 Feb 2026 22:44:16 GMT

2025 Market Recap

Sat, 24 Jan 2026 02:51:52 GMT

2025 Oceanfront Market Recap

Sat, 24 Jan 2026 02:47:04 GMT

December 2025 Market Update

Sat, 24 Jan 2026 02:45:05 GMT

November 2025 Market Update

Tue, 30 Dec 2025 23:36:22 GMT

October 2025 Market Update

Tue, 30 Dec 2025 23:25:12 GMT

September 2025 Market Update

Wed, 15 Oct 2025 21:42:55 GMT

August 2025 Market Update

Thu, 11 Sep 2025 19:05:30 GMT

July 2025 Market Update

Mon, 18 Aug 2025 19:30:16 GMT

June 2025 Market Update

Mon, 18 Aug 2025 19:20:22 GMT

May 2025 Market Update

Fri, 13 Jun 2025 00:19:30 GMT

April 2025 Market Stats

Thu, 08 May 2025 00:40:27 GMT

March 2025 Market Stats

Mon, 07 Apr 2025 22:09:16 GMT

As spring arrives, the real estate market continues to evolve with dynamic activity across regions. March showcased a mix of trends: home sales soared in Parksville/Qualicum, showed signs of slowing in Nanaimo, and remained steady in the Cowichan Valley.

Looking ahead, market fluctuations are anticipated into April and possibly May, influenced by ongoing tariff-related uncertainties and the upcoming federal election. While these factors may cause temporary shifts, opportunities remain abundant for buyers and sellers alike as we embrace the spring market.

February 2025 Market Stats

Thu, 27 Mar 2025 22:31:37 GMT

VIREB 2024 Market Overview

Thu, 13 Feb 2025 21:22:36 GMT

January 2025 Market Stats

Thu, 13 Feb 2025 18:35:49 GMT

VIREB Q3 2024 Market Overview

Tue, 12 Nov 2024 16:19:09 GMT

October 2024 Market Stats

Mon, 11 Nov 2024 22:11:54 GMT

September 2024 Market Stats

Thu, 17 Oct 2024 22:29:50 GMT

The many facets of Keith & Mistie Bogard

Tue, 08 Oct 2024 22:41:18 GMT

August 2024 Market Stats

Wed, 04 Sep 2024 01:40:17 GMT

July 2024 Market Stats

Tue, 03 Sep 2024 22:11:56 GMT

June 2024 Market Stats

Tue, 03 Sep 2024 22:08:29 GMT

VIREB Regional May 2024 Market Stats

Fri, 28 Jun 2024 20:04:11 GMT

May 2024 Market Stats

Fri, 28 Jun 2024 20:01:30 GMT

Well the month of May was full of surprises and the number of listings increased across all regions.

Let’s now have a look at the activity for May 2024. The number of single family homes sold in Parksville/Qualicum and Nanaimo decreased in May 2024 versus May 2023. The Cowichan Valley saw a decrease 5% in the number of homes sold versus May 2023.

Days on market for single family homes in Parksville/Qualicum was down 26% versus May 2023, Nanaimo saw an increase of 11% versus May 2023 and the Cowichan Valley was down 1% versus May 2023.

The average price for single family homes increased in both Parksville/Qualicum and Nanaimo and it was flat for the Cowichan Valley.

With listings up for single family homes, it was interesting to see the downward trend in the number of homes sold. This is most likely an indicator of buyers waiting to see if the Bank of Canada will reduce interest rates on June 5th as inventory levels are up allowing them more time to make a purchasing decision.

The number of condo and townhome units sold was up 29% for Parksville/Qualicum, Nanaimo saw a reduction of 12% in units sold and the Cowichan Valley had an increase of 32% in units sold versus May 2023. The number of new listings was also up in Parksville/Qualicum, Nanaimo and the Cowichan Valley versus May 2023. As we witnessed in April, with new listings on the rise, the trend has continued for the month of May.

The average price for condo and townhome units was down 21% for Parksville/Qualicum and down 11% for Nanaimo and the Cowichan Valley increased 8% versus May 2023. The days on market for condos and townhomes in Parksville/Qualicum and Nanaimo was up versus May 2023 and down 32% for the Cowichan Valley. An increase in inventory levels in all regions for May 2024 allows for more options for buyers and time to to find the right property with less pressure to purchase immediately.

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April 2024 Market Stats

Fri, 28 Jun 2024 19:58:31 GMT

April Market Stats are here! Spring market has sprung to life in April, the number of new listings has increased across all regions!

How is the spring market shaping up? We saw a significant increase in listings in April along with an increase in the average sale price for Single Family homes. As buyers compete for the same price point, we may continue to see upwards pressure on pricing in future months unless inventory levels rise dramatically in May for homes priced under $1,000,000. The condo and townhome markets are softening in Parksville/Qualicum as inventory rose significantly in April 2024 as more sellers entered the market in advance of the new BC Government rules concerning short term rentals effective May 1st. The condo/townhome market in Nanaimo still remains strong as buyers seek an affordable option to live in an urban setting that offers many amenities including excellent access points to the BC Ferries. Stay tuned for May as the market is changing monthly with changes in legislation, upcoming elections and interest rates all in the mix to create an element of uncertainty.

#spring #april2024 #springtime #realestate #stats #homebuyers #buyersagent #properties #homebuying #forecast #realestateagent #realtor #realtorlife #pembertonholmes #homes #forsale #homesweethome #singlefamilyhomes #condos #townhomes #vacantland #firsttimehomebuyers #vancouverisland #nanaimo #qualicumbeach #parksville #cowichanvalley #realestateinvesting #listingagent

CREA March 2024 Housing Snapshot

Tue, 21 May 2024 23:09:57 GMT

March 2024 Market Stats

Mon, 22 Apr 2024 22:43:24 GMT

February 2024 Market Stats

Sun, 03 Mar 2024 22:49:00 GMT

Spring market is just around the corner and we are starting to see more listings hit the market! February 2024 sales activity was up across all regions. The number of single family homes sold in Parksville/Qualicum, Nanaimo and the Cowichan Valley increased substantially versus February 2023. The number of new listings was also up in all reporting areas for single family homes which is great news for buyers seeking more options. Days on market for single family homes in Parksville/Qualicum was up 23% versus February 2023, Nanaimo saw a reduction of 21% versus February 2023 and the Cowichan Valley was up 3% versus February 2023.

The average price for single family homes increased across all reporting regions when compared to February 2023.

The number of condo and townhome units sold was up in all reported regions versus February 2023. The number of new listings was also up in all reporting regions for February.

The average price for condo and townhome units was up in all reporting regions for February. The days on market for condos and townhomes was down for Parksville/Qualicum versus February 2023. The days on market for condos and townhomes in Nanaimo and the Cowichan Valley was up versus February 2023.

The number of vacant land units sold was up substantially for Parksville/Qualicum and Nanaimo versus February 2023 and flat for the Cowichan Valley versus February 2023. The number of new listings was up in both Parksville/Qualicum and Nanaimo and down for the Cowichan Valley versus February 2023.

What does this all mean? Well February witnessed both an increase in listings and sales in all reporting regions, and it's likely this trend will continue into March and April with the spring market coming into full swing. Stay tuned for more updates each month!

VIREB January 2024 Market Update

Thu, 15 Feb 2024 22:10:30 GMT

January 2024 Market Update

September 2023 Market Update

Sat, 21 Oct 2023 01:10:00 GMT

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May 2023 - Nanaimo Graph Stats

Fri, 30 Jun 2023 16:28:06 GMT

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