Vancouver Island Real Estate Stats - October 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 October of 2017 to the previous October. 

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

October 2017

October 2016

Homes Listed

46

47

Homes Sold

44

28

Median List Price

$241,000

$219,000

Avg List Price

$303,910

$270,875

Avg Sale Price

$296,256

$261,857

Sale $/List $

97.5%

96.7%

Avg Day on Market

49

56

Ucluelet

 

October 2017

October 2016

Homes Listed

2

2

Homes Sold

0

2

Median List Price

578,500

765,500

Avg List Price

501,250

567,250

Avg Sale Price

-

563,750

Sale $/List $

-

99%

Avg Day on Market

30

115

  Tofino

 

October 2017

October 2016

Homes Listed

1

1

Homes Sold

0

1

Median List Price

1,699,000

650,000

Avg List Price

1,699,000

650,000

Avg Sale Price

-

636,500

Sale $/List $

-

98%

Avg Day on Market

44

14

Parksville/Qualicum

 

October 2017

October 2016

Homes Listed

99

81

Homes Sold

45

59

Median List Price

574,900

519,900

Avg List Price

705,753

634,366

Avg Sale Price

590,503

584,551

Sale $/List $

84%

92%

Avg Day on Market

26

60

Comox Valley

 

October 2017

October 2016

Homes Listed

93

64

Homes Sold

29

52

Median List Price

496,000

427,000

Avg List Price

640,284

486,510

Avg Sale Price

532,775

464,706

Sale $/List $

83%

96%

Avg Day on Market

30

61

Campbell River

 

October 2017

October 2016

Homes Listed

63

56

Homes Sold

33

46

Median List Price

449,000

389,900

Avg List Price

490,529

398,328

Avg Sale Price

460,258

368,659

Sale $/List $

94%

93%

Avg Day on Market

24

58

Nanaimo

 

October 2017

October 2016

Homes Listed

209

181

Homes Sold

98

126

Median List Price

534,900

465,000

Avg List Price

637,996

635,526

Avg Sale Price

490,072

487,372

Sale $/List $

92%

77%

Avg Day on Market

24

63

Duncan

 

October 2017

October 2016

Homes Listed

147

107

Homes Sold

72

79

Median List Price

479,900

415,000

Avg List Price

637,996

456, 520

Avg Sale Price

490,072

432,710

Sale $/List $

77%

95%

Avg Day on Market

24

69

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