Chemainus Real Estate Market Stats: November 2023 Update

Are you in the market for a beautiful single-family home in the picturesque town of Chemainus, BC? As we approach the end of 2023, it's a great time to take a closer look at the real estate scene in this charming coastal town. In this blog post, we will analyze the latest data from the national MLS to provide you with insights into the current state of the housing market in Chemainus.

Key Chemainus Stats for November 2023:

  • Number of Active Listings: 18
  • Number of Sales: 5
  • Median Sale Price: $820,000
  • Average Days on Market: 55

Active Listings

As of November 2023, there are 18 active listings for single-family homes in Chemainus. This represents a slight decrease from the previous month when there were 20 active listings. Which was also the same number of active listings recorded in November 2022. This indicates a consistent supply of homes in the market, providing buyers with a variety of options to choose from.

Recent Sales

In November 2023, there were 5 single-family homes sold in Chemainus, which is an increase compared to the 3 sales in October 2023. When comparing the data to November 2022, we see a notable increase in sales activity as there were only 2 sales during that time. This suggests that the demand for single-family homes in Chemainus has seen a positive trend, making it an attractive market for both buyers and sellers. Of course it is important to remember Chemianus is a small community and the limited data can skew results so always reach out to a qualified real estate agent for more information.

Median Sale Price

The median sale price for single-family homes in Chemainus in November 2023 stands at $820,000. This shows a significant increase from the previous month when the median sale price was $720,000. However, it's worth mentioning that the median sale price in November 2023 is slightly lower than it was in November 2022 when it was $830,000. While there may be some fluctuations in pricing, Chemainus continues to offer a competitive and stable real estate market.

Average Days on Market

For those looking to sell their single-family homes in Chemainus, the average days on market in November 2023 is 55 days. This is a noticeable improvement from October 2023 when the average days on market were 78 days. It's also relatively consistent with the average days on market in November 2022, which was 58 days. This indicates that properties in Chemainus are selling at a reasonable pace, making it a favorable environment for sellers.

Final Thoughts

In conclusion, Chemainus, BC, remains a charming and desirable location for single-family homebuyers. The stable supply of active listings, increasing sales activity, and competitive pricing make it an appealing market. Whether you're looking to buy or sell, the real estate market in Chemainus offers opportunities for both.

If you're interested in exploring the available homes in Chemainus or have any questions about the local real estate market, don't hesitate to reach out to our experienced real estate professionals. We are here to help you navigate the exciting journey of buying or selling a home in this beautiful coastal town.

Data sourced from National MLS as of December 2023. All information is believed to be accurate but is not guaranteed and should be independently verified.

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