Vancouver Island Real Estate Stats - November 2017

At The Fenton Team we believe it is important to provide both investors, and homeowners, useful information about the Vancouver Island real estate markets. This information should serve as a key pillar in any real estate decision making process, whether it be buying or selling. 

Using data provided by the Vancouver Island Real Estate Board we have broken down what we believe to be key metrics for good real estate decision making on Vancouver Island. We have separated the information into the main communities on Vancouver Island (with the exception of Victoria). The statistics below are for single family homes only, and compare November of 2017 to the previous November. 

We believe that Median Sale Price best represents the value of a typical house (rather than Average Sale Price). The Sale $ /List  $ stat tells us how close homes are selling to their listing price in any given market. The average days on the market tells us how quickly homes are typically selling if priced correctly. Finally, comparing the number of homes listed, and the number of homes sold, gives us a picture of supply and demand, which is critical in understanding where the market is at, and where it might be going. 

The statistics are provided below. If you would like an interpretation from The Fenton Team’s CEO on any given statistic, please comment below and he’ll be more than happy to help. 

Port Alberni

November 2017

November 2016

Homes Listed

29

34

Homes Sold

31

31

Median List Price

259,900

259,900

Avg List Price

298,412

313,893

Avg Sale Price

286,741

299,888

Sale $/List $

96.1%

95.5%

Avg Day on Market

52

52

Ucluelet

 

November 2017

November 2016

Homes Listed

4

2

Homes Sold

2

1

Median List Price

508,650

289,000

Avg List Price

508,650

289,000

Avg Sale Price

480,250

262,000

Sale $/List $

94.4%

90.1%

Avg Day on Market

156

5

Tofino

 

November 2017

November 2016

Homes Listed

3

1

Homes Sold

3

2

Median List Price

1,699,000

699,000

Avg List Price

1,322,333

699,000

Avg Sale Price

1,283,300

595,000

Sale $/List $

97.0%

85.1%

Avg Day on Market

28

131

Parksville/Qualicum

 

November 2017

November 2016

Homes Listed

86

82

Homes Sold

58

54

Median List Price

549,900

499,000

Avg List Price

594,150

559,122

Avg Sale Price

582,983

550,320

Sale $/List $

98.1%

98.4%

Avg Day on Market

30

24

Campbell River

 

November 2017

November 2016

Homes Listed

42

41

Homes Sold

43

43

Median List Price

397,900

349,900

Avg List Price

415,948

372,606

Avg Sale Price

414,664

364,850

Sale $/List $

99.7%

97.9%

Avg Day on Market

45

48

Comox Valley

 

November 2017

November 2016

Homes Listed

71

53

Homes Sold

60

61

Median List Price

485,000

399,900

Avg List Price

542,801

453,665

Avg Sale Price

534,259

445,178

Sale $/List $

98.4%       

98.1%

Avg Day on Market

43

60

 

Nanaimo

 

November 2017

November 2016

Homes Listed

154

135

Homes Sold

109

89

Median List Price

699,000

429,900

Avg List Price

538,652

479,419

Avg Sale Price

534,840

477,277

Sale $/List $

99.3%

99.6%

Avg Day on Market

30

29

Duncan

 

November 2017

November 2016

Homes Listed

110

98

Homes Sold

105

75

Median List Price

462,500

399,900

Avg List Price

491,768

417,713

Avg Sale Price

482,605

409,269

Sale $/List $

98.1%

97.8%

Avg Day on Market

34

50

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