Around Town: Vancouver Island Real Estate Sales for 2014

January 15, 2015

Sales activity across Vancouver Island finished on a high note in December, capping off a year that saw consistent monthly gains. Overall, the housing market remains balanced, which continues to be good news for buyers and sellers.

Vancouver Island experienced a healthy real estate market in 2014.

Vancouver Island experienced a healthy real estate market in 2014.

The Vancouver Island Real Estate Board (VIREB) reports that 4,335 single-family homes sold in its area on the Multiple Listing Service® (MLS®) in 2014. This signifies a 10 per cent increase over the 3,940 sales recorded in 2013. The average sale price in 2014 was $345,108, up five per cent from 2013’s average sale price of $329,144. A total of 257 single-family homes sold in the VIREB coverage area in December 2014, a 22% increase over the 210 sales recorded in December 2013, and a 14% drop from last month. In December 2014, the benchmark price for a single-family home in the VIREB coverage area was $313,800, up 1.94% from 2013. The average price of a single-family home was $355,600 compared to $314,367 in December 2013.

The benchmark price of a single-family home in the Campbell River area was $267,200, up slightly from December 2013. In the Comox Valley, the benchmark price was $319,400, marking an increase of 1.79% over last year. Duncan reports a benchmark price of $280,800, an increase of 1.05% over the same month in 2013, while Nanaimo’s benchmark price was $338,300, up 3.28% compared to last year. The Parksville-Qualicum area posted a benchmark price of $359,400, which is a 4.60% increase over last year. The price for a benchmark home in Port Alberni was $175,800, down slightly from December 2013.

Visit the VIREB website for more information at or contact Darrell Paysen 250-390-4212, VIREB Manager, Member Services.

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