Courtesy of Mary-Ann Kennedy

HOUSING MARKET WEATHERING UNCERTAINTY AS SUMMER UNFOLDS

PARKSVILLE-QUALICUM

$505,300 apartment DOWN 1.7% year-to-year

$906,200 detached UP 1.0% year-to-year

$658,300 townhouse UP 2.8% year-to-year

BENCHMARK PRICES

58 TOTAL SOLD LISTINGS

Nanaimo, July 2, 2025 -The Vancouver Island Real Estate Board (VIREB) recorded 858 unit sales (all property types) in June 2025, up 18 per cent from one year ago. Year-over-year active listings (all property types) were 4,542, up one per cent from the previous year. Active listings of single-family homes were 1,527 last month compared to 1,566 in June 2024. VIREB’s inventory of condo apartments was 394 in June, down from the 440 listings posted one year ago. There were 365 row/townhouses for sale last month compared to 364 in June 2024. VIREB Chair Olivier Naud notes that VIREB’s housing market remains balanced, with approximately six months of inventory, an optimal situation for buyers and sellers.

“The continued economic uncertainty caused by the Trump administration’s tariff threats makes it difficult to forecast any long-term trends in the housing market,” says Naud. “However, despite some oddities and anomalies in local markets, the Vancouver Island housing market is proving to be remarkably resilient. It continues to buck the trend of declining home sales experienced on the Lower Mainland.” The Parksville-Qualicum area saw its benchmark price increase by one per cent to $906,200. Stats Reflective of June 2025 | Source: Vancouver Island Real Estate Board | Market values stated are of the benchmark of Parksville-Qualicum. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Call me with all your real estate needs and questions.

Mary-Ann Kennedy Real Estate Agent, REALTOR ® Office 250.248.4321 | Cell 250.616.2332 maryann@maryannkennedy.ca maryannkennedy.ca

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