Qualicum Real Estate Market Stats: November 2023 Update

Welcome to our latest update on the real estate market in the picturesque community of  Qualicum Beach, BC, where we rely on data provided by the National MLS to bring you the most accurate and up-to-date information. As we step into November 2023, it's time to take a closer look at the trends, numbers, and insights shaping the single-family home market in this beautiful part of Vancouver Island.

Active Listings:

  • November 2023: 83
  • October 2023: 94
  • November 2022: 80

The number of active listings in Qualicum has seen a slight decrease from the previous month. However, when compared to November 2022, we are still witnessing a healthy supply of single-family homes on the market. This offers prospective buyers a range of options to choose from, ensuring there's something for everyone.

Number of Sales:

  • November 2023: 15
  • October 2023: 18
  • November 2022: 20

The number of sales in November 2023 has slightly dipped compared to the previous month. However, it's essential to note that the market is relatively stable when compared to November 2022. This indicates that Qualicum's real estate market remains resilient.

Median Sale Price:

  • November 2023: $1,150,000
  • October 2023: $968,750
  • November 2022: $974,000

The median sale price for single-family homes in Qualicum saw a notable increase from October 2023 to November 2023. This demonstrates a growing demand for properties in this charming community. While it's essential to consider seasonal fluctuations and obscure listings which can skew results, this upward trend is encouraging for sellers.

Average Days on Market:

  • November 2023: 48
  • October 2023: 25
  • November 2022: 38

The average days on market have increased in November 2023 compared to the previous month. This may suggest that buyers are taking more time to make decisions or that some properties may require more time to sell. Nonetheless, Qualicum's real estate market is still relatively competitive, with homes selling within a reasonable time frame.

Key Takeaways:

  • A Stable Market: Qualicum's real estate market continues to exhibit stability, making it an attractive destination for both buyers and sellers.
  • Ample Choices: With a substantial number of active listings, buyers have a wide variety of homes to explore even in winter, ensuring they can find a property that meets their needs and preferences.

Conclusion

As we wrap up our November 2023 update on Qualicum's single-family home market, it's clear that this community on Vancouver Island remains an appealing destination for those seeking a beautiful coastal lifestyle. Whether you're looking to buy or sell, the market offers opportunities, and with the right guidance, you can make the most of it.

If you have any questions or need assistance with your real estate journey in Qualicum, don't hesitate to reach out to our experienced group. We're here to help you navigate the vibrant real estate landscape of Qualicum, BC.

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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