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 communities of Port Alberni, Ucluelet, Tofino, Parksville/Qualicum, Courtenay, Campbell River, Nanaimo, and Duncan . The statistics below are for single family homes only, and cover the month of October 2018 and 2019.
We believe that Median Sale Price best represents the value of a typical house (rather than Average Sale Price). The average days on the market tells us how quickly homes are typically selling if priced correctly. The Sale : List Price ratio tells us how closely homes are selling to their asking price. 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 Chris Fenton on any given statistic, please comment below and he’ll be more than happy to help.
Port Alberni Stats
|
2019 |
2018 |
| New Listings |
27 |
47 |
| Sales |
12 |
33 |
| Median Sale Price |
$280,400 |
$360,000 |
| Average List Price |
$349,512 |
$477,595 |
| Average Sale Price |
$337,162 |
$456,072 |
| Sale : List Price |
96.5% |
95.5% |
| Average Days on Market |
39 |
39 |
Ucluelet Stats
|
2019 |
2018 |
| New Listings |
2 |
4 |
| Sales |
1 |
2 |
| Median Sale Price |
$540,000 |
$619,000 |
| Average List Price |
$545,000 |
$638,943 |
| Average Sale Price |
$540,000 |
$617,000 |
| Sale : List Price |
99.1% |
96.6% |
| Average Days on Market |
12 |
71 |
Tofino Stats
|
2019 |
2018 |
| New Listings |
2 |
3 |
| Sales |
1 |
3 |
| Median Sale Price |
$2,395,000 |
$667,000 |
| Average List Price |
$2,395,000 |
$843,000 |
| Average Sale Price |
$1,900,000 |
$772,333 |
| Sale : List Price |
79.3% |
91.6% |
| Average Days on Market |
281 |
24 |
Parksville-Qualicum (Oceanside) Stats
|
2019 |
2018 |
| New Listings |
120 |
97 |
| Sales |
28 |
65 |
| Median Sale Price |
$550,000 |
$590,000 |
| Average List Price |
$616,703 |
$729,695 |
| Average Sale Price |
$603,582 |
$697,697 |
| Sale : List Price |
97.9% |
95.6% |
| Average Days on Market |
36 |
49 |
Courtenay Stats
|
2019 |
2018 |
| New Listings |
45 |
58 |
| Sales |
15 |
35 |
| Median Sale Price |
$554,317 |
$482,000 |
| Average List Price |
$595,586 |
$562,894 |
| Average Sale Price |
$582,741 |
$552,249 |
| Sale : List Price |
97.8% |
98.1% |
| Average Days on Market |
51 |
39 |
Campbell River Stats
|
2019 |
2018 |
| New Listings |
52 |
44 |
| Sales |
13 |
38 |
| Median Sale Price |
$515,000 |
$414,000 |
| Average List Price |
$490,553 |
$439,507 |
| Average Sale Price |
$470,184 |
$431,373 |
| Sale : List Price |
95.8% |
98.1% |
| Average Days on Market |
63 |
44 |
Nanaimo Stats
|
2019 |
2018 |
| New Listings |
163 |
199 |
| Sales |
58 |
94 |
| Median Sale Price |
$542,500 |
$520,000 |
| Average List Price |
$587,553 |
$567,165 |
| Average Sale Price |
$571,300 |
$558,558 |
| Sale : List Price |
97.2% |
98.5% |
| Average Days on Market |
37 |
33 |
Duncan Stats
|
2019 |
2018 |
| New Listings |
26 |
31 |
| Sales |
16 |
32 |
| Median Sale Price |
$529,000 |
$525,000 |
| Average List Price |
$563,843 |
$562,815 |
| Average Sale Price |
$536,762 |
$553,756 |
| Sale : List Price |
95.2% |
98.4% |
| Average Days on Market |
51 |
35 |
*The MLS stats are provided by the Vancouver Island Real Estate Board and include all single family homes sold on the MLS market in Port Alberni, Ucluelet, Tofino, Parksville Qualicum Courtenay, Nanaimo and Duncan.
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