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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