Around Town: VIREB releases November 2017 Housing Sales Statistics
In November 2017, the benchmark price of a single-family home in the VIREB area was $463,200, up 17 per cent from one year ago. (Benchmark pricing tracks the value of a typical home in the reported area.) The benchmark price of an apartment last month rose to $274,100, up 26 per cent board-wide from the previous year, while the benchmark price of a townhouse was $359,200, a 21 per cent increase from November 2016.
The Vancouver Island Real Estate Board has released its November sales statistics and the benchmark price of a single-family home in the VIREB area was up 17% to $463,200.
The November 2017 benchmark price of a single-family home in the Campbell River area was $366,300, an increase of 18 per cent over November 2016. In the Comox Valley, the benchmark price hit $467,200, up 21 per cent from last year. Duncan reported a benchmark price of $410,700, an increase of 15 per cent compared to November 2016.
Nanaimo’s benchmark price rose 14 per cent to $497,200 while the Parksville-Qualicum area saw its benchmark price increase by 16 per cent to $525,600. The price of a benchmark home in Port Alberni was $252,700, up 18 per cent from one year ago.
Excerpt from: VIREB Communications, Dec. 1, 2017
For more information, go to www.vireb.com.
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