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: VIREB Releases February Statistics for Real Estate Sales
In February 2017, the benchmark price of a single-family home in the VIREB area was $403,100, up 18 per cent from one year ago. Prices increased in every zone, ranging from 14 per cent to 25 per cent. The highest increases were seen in Parksville- Qualicum (24 per...Around Town: 10th Annual Vancouver Island Real Estate Board Commercial Building Awards call for Nominees
Organizers of the 10th Annual Vancouver Island Real Estate Board Commercial Building Awards, set for April 20, at the Coast Bastion Hotel in Nanaimo, are looking for nominations. Commercial, industrial and revenue-producing projects, including renovations, from the...
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...Get 8 FREE Issues!
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