Courtesy of Mary-Ann Kennedy

HOUSING MARKET WEATHERING ECONOMIC CROSSWINDS

PARKSVILLE-QUALICUM

$515,800 apartment DOWN 2.6% year-to-year

$926,000 detached UP 2.9% year-to-year

$634,200 townhouse DOWN 0.6% year-to-year

BENCHMARK PRICES

69 TOTAL SOLD LISTINGS

Nanaimo, August 1, 2025 - The Vancouver Island Real Estate Board (VIREB) recorded 806 unit sales (all property types) in July 2025, up 10 per cent from one year ago. Year-over-year active listings (all property types) were 4,512, up one per cent from the previous year. Active listings of single-family homes were 1,483 last month compared to 1,596 in July 2024. VIREB’s inventory of condo apartments was 424 in July, down from the 455 listings posted one year ago. There were 354 row/townhouses for sale last month compared to 342 in July 2024. VIREB Chair Olivier Naud notes that VIREB’s housing market is at the top end of balanced, with approximately six months of inventory. “At the risk of sounding like a broken record, our housing market continues to show resilience despite the broader economic uncertainties caused by on-and-off tariffs,” says Naud. “Vancouver Island’s appeal isn’t diminishing, and our housing market remains attractive to potential buyers.” The Parksville-Qualicum area saw its benchmark price increase by three per cent to $926,000. Stats Reflective of July 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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