Inventory Up Slightly But Still No Relief for Buyers in Around Town
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According to the Vancouver Island Real Estate Board’s (VIREB) March Statistics and Media Release, while active listings in March were higher than in February, inventory is still at a historical low.
A total of 567 single-family detached properties sold on the MLS® System, a year-over-year increase of 67 per cent.
|SF MLS ®||Average Sale $||$ Increase|
|Comox Valley||$764,491||+26% last March|
|Campbell River||$702,074||+44% last March|
|Port Alberni/West||$520,391||+43% last March|
|Parksville/Qualicum||$842,772||+37% last Mar|
As for condo apartments, 136 sold last month versus 47 the previous year, an increase of 189 per cent. In the row/townhouse category, sales increased by 53 per cent year over year (81 to 124). Competition is fierce, and VIREB does not see that abating any time soon.
Source: VIREB Market Statistics www.vireb.com
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