Courtesy of Melanie Peake

Parksville/ Qualicum

Nanaimo

AVERAGE SELL PRICE / UNIT 12 Months to Date

AVERAGE SELL PRICE / UNIT 12 Months to Date

$469,633 apartment UP 15.5% year-to-year $955,419 detached UP 1.4% year-to-year

$441,616 apartment DOWN 0.7% year-to-year $840,208 detached DOWN 0.6% year-to-year

4.22 MONTHS OF INVENTORY

3.4 MONTHS OF INVENTORY

0

1

2

3

4

5

6

7

8

9

10

0

1

2

3

4

5

6

7

8

9

10

Sellers Market

Balanced Market

Buyers Market

Sellers Market

Balanced Market

Buyers Market

44.4% SALES TO LISTING RATIO

40 DAYS ON MARKET

36 DAYS ON MARKET

36.3% SALES TO LISTING RATIO

102

198

units listed

units listed

37

88

sold

sold

LISTINGS

300

156

active

active

Statistics reflect market activity in March 2024 | Source: Vancouver Island Real Estate Board | Market values stated are for homes in Zone 5 and Zone 4 respectively. 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.

Mobile: 250.954.0100 Toll Free: 1-877-661-4040 melanie@melaniepeake.com www.melaniepeake.com

The greatest compliment my clients can give me is the referral of family and friends!

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