BCREA states that a slowing economy & elevated mortgage rates are expected. expected to keep housing activity lower than usual throughout much of 2023. Nanaimo’s year-over-year benchmark dropped by 11 percent to $750,500. ...
Continue ReadingLatest Market Highlights (Parksville-Qualicum Beach Area) Following the 2023 slow-down, BCREA expects a strong recovery with a decline in mortgage rates to carry significant momentum into 2024. The Parksville-Qualicum area saw its benchmark price drop by 8% to $848,100. ...
Continue ReadingVIREB (Vancouver Island Real Estate Board) LATEST STATS Market Highlights comparing December 2022 to December 2021. “December sales activity reflected a typical end-of-year market, which usually quiets down during the holiday season, however it appears some clients are taking a wait-and-see approach, opting to wait until the spring, which typically ...
Continue ReadingAn increase in current inventory provides breathing room while buyers are taking a wait-and-see approach which eases pressure when making an offer. Overpriced properties typically take considerably longer to sell so clients need to be realistic when listing their homes. The latest market highlights for Parksville Qualicum Beach are in. ...
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