Inventory Up Slightly But Still No Relief for Buyers in Around Town
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According to the Vancouver Island Real Estate Board’s (VIREB) March Statistics and Media Release, while active listings in March were higher than in February, inventory is still at a historical low.
A total of 567 single-family detached properties sold on the MLS® System, a year-over-year increase of 67 per cent.
| SF MLS ® | Average Sale $ | $ Increase |
| Comox Valley | $764,491 | +26% last March |
| Campbell River | $702,074 | +44% last March |
| Port Alberni/West | $520,391 | +43% last March |
| Parksville/Qualicum | $842,772 | +37% last Mar |
As for condo apartments, 136 sold last month versus 47 the previous year, an increase of 189 per cent. In the row/townhouse category, sales increased by 53 per cent year over year (81 to 124). Competition is fierce, and VIREB does not see that abating any time soon.
Source: VIREBÂ Market Statistics www.vireb.com
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