VIREB February Market Update In Around Town
Your Weekly Construction Briefing
According to the Vancouver Island Real Estate Board’s (VIREB) February Statistics, 417 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System, a year-over-year increase of 56 per cent.
| SF MLS ® | Average Sale $ | % Increase |
| Comox Valley | $741,996 | +29% last Feb |
| Campbell River | $601,745 | +16% last Feb |
| Port Alberni/West | $446,573 | +7% last Feb |
| Parksville/Qualicum | $825,667 | +18% last Feb |
In the condo apartment category, sales rose by 132 per cent year over year (56 to 130), while row/townhouse sales increased by 42 per cent (57 to 81). Low inventory continues to dampen sales and multiple offers continue to increase selling prices.
Source: VIREB Market Statistics
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