Courtesy of Mary-Ann Kennedy

BUYER OPTIMISM AND A BALANCED MARKET TREND IN MAY

PARKSVILLE-QUALICUM

$505,700 apartment DOWN 1.0% year-to-year

$920,500 detached UP 2.7% year-to-year

$660,300 townhouse UP 6.0% year-to-year

BENCHMARK PRICES

61 TOTAL SOLD LISTINGS

Nanaimo, June 2, 2025 - The Vancouver Island Real Estate Board (VIREB) recorded 781 unit sales (all property types) in May 2025, down three per cent from one year ago. Active listings of single-family homes were 1,565 last month compared to 1,433 in May 2024. VIREB’s inventory of condo apartments was 399 in May, one more than the 398 posted one year ago. There were 346 row/townhouses for sale last month compared to 375 in May 2024. VIREB CEO Jason Yochim reports that VIREB’s housing market remains balanced, with just under six months of inventory.

“In spite of the cloud of economic uncertainty, optimism among buyers is positive. The Island continues to buck the trend of declining home sales currently experienced on the mainland,” says Yochim. “Most of our markets remain in balanced territory, with year-to-date sales on par with 2024. Available inventory of homes is above the ten-year average, providing reasonable choice for buyers.” The Parksville-Qualicum area saw its benchmark price increase by three per cent to $920,500. Stats Reflective of May 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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