Around Town: Vancouver Island Real Estate Board May 2017 Statistics
In May 2017, the benchmark price of a single-family home in the Vancouver Island Real Estate Board (VIREB) area rose to $431,200, up 18 per cent from one year ago. Prices increased in every zone, ranging from 15 per cent in Duncan to 21 per cent in Nanaimo. The...Around Town: Low Inventory Continues to Limit Vancouver Island Buyers
Inventory of single-family homes declined by 36 per cent from March 2016, with 1,023 active listings available last month compared to 1,598 one year ago. Low inventory continues to frustrate consumers in the Vancouver Island Real Estate Board (VIREB) area. An...
Around Town: 2016 banner year for real estate on Vancouver Island
A total of 6,063 single-family homes sold on the Multiple Listing Service® (MLS®) in 2016, an increase of 24 per cent over the 4,885 sales recorded the previous year*. Inventory of single-family homes dipped to 859 in December, a historic low, down 37 per cent from...
Around Town: VIREB Reports Inventory Dips in November to new historic low
Inventory of single-family homes in the VIREB area dropped yet again in November 2016 to reach a new historic low of 1,034, a 37 per cent decrease from one year ago and dipping below October’s 1,158 available listings. In November of 2016 prices increased in every...
Around Town: Home sales cool in October and inventory dips again
Vancouver Island Real Estate Board (VIREB) released the most recent sales figures for October 2016 which states that 399 single-family homes sold on the MLS® System compared to 368 last October, an increase of eight per cent. Month over month, sales decreased by 24...Get 8 FREE Issues!
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