Courtesy of Mary-Ann Kennedy

MARKET HOLDING STEADY IN BALANCED TERRITORY

PARKSVILLE-QUALICUM

$495,200 apartment DOWN 5.8% year-to-year

$893,400 detached DOWN 3.1% year-to-year

$633,000 townhouse UP 3.3% year-to-year

BENCHMARK PRICES

62 TOTAL SOLD LISTINGS

Nanaimo, April 1, 2025 - The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales (all property types) in March 2025. Active listings of single-family homes were 1,162 last month. VIREB’s inventory of condo apartments was 408 in March. VIREB CEO Jason Yochim reports that with just under six months of inventory, VIREB’s market remains balanced, which is good news for buyers and sellers. “Although there is continuing economic uncertainty surrounding the tariffs imposed by the Trump administration, VIREB’s housing market is proving to be fairly resilient thus far,” says Yochim.

“Sales activity in the first quarter of 2025 is about the same as last year and even up in some markets.” “But it’s too early to say what the long-range impact of tariffs will have on the economy in general and the housing market specifically. That said, Vancouver Island is somewhat insulated because it remains a popular retirement destination for Canadians, and many retirees don’t need to obtain mortgages,” adds Yochim. The Parksville-Qualicum area saw its benchmark price increase by three per cent to $893,400. Stats Reflective of March 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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