VIREB August Market Update in Around Town
Your Weekly Construction Briefing
According to the Vancouver Island Real Estate Board’s (VIREB) August Statistics, a total of 547 single-family detached properties (excluding acreage and waterfront) sold in August, a year-over-year increase of 35 per cent.
Sales of condo apartments rose by 43 per cent year over year while row/townhouse sales increased by 19 per cent.
| SF MLS ® | Average $ | Sold % |
| Comox Valley | $642,838 | +57% last August |
| Campbell River | $559,246 | +40% last August |
| Port Alberni/West | $399,329 | +10% last August |
| Parksville/Qualicum | $674,592 | +51% last August |
The BC Real Estate Association expects unit sales on Vancouver Island to hit 8,300 in 2021, a 15 per cent increase over the 7,200 sales projected this year.
Excerpts from VIREB Market Statistics
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