Vancouver Island Real Estate Sales Numbers - A Mid Island Overview

The following Vancouver Island real estate "snap shot" is provided by John Cooper of Re/Max Mid Island Realty. All statistics are based on the December 2012 VIREB Published statistics.

Vancouver Island
151 single family homes sold. Avg. price $332,374 (down 3% 12 months to date this year over last). 8 waterfront homes sold, 11 lots sold, & 54 condos sold. Single family unit sales volume is down 6%. 
Average days on market has decreased by 3% to 72 days. The average condo sells for $234,045. Condo unit sales are up 9.3% 12 months to date. Patio home style condos have seen the biggest increase in units sold. Condos have seen a 12% decrease in days on market.
Average days to sell is 99 days. Lot sales volume is down by over 3%. 
Lot prices have decreased by 7% 12 months to date. Average lot sale price is $128,846.  Most active region: Nanaimo; Highest average price: Parksville/Qualicum. Read the Full Report here.

Nanaimo
43 Single family homes sold. Avg. price $353,408 (down 3% 12 months to date this year over last). 2 waterfront homes sold, 1 lots sold, & 21 condos sold. Single family unit sales volume is down 6% 12 months to date. Average days on market has decreased by 5% to 53 days. The average condo sells for $238,139. Condo unit sales are down 11% 12 months to date. Townhomes have seen the biggest decrease in units sold. Condos have seen a 23% decrease in days on market. Average days to sell is 67 days. Lot sales volume is flat 12 months to date. Lot prices have decreased by 5% 12 months to date. Average lot sale price is $154,063. Most active region: North Nanaimo; Highest average price: South Jinglepot. Read the Full Report here.