September housing sales summary

Housing sales activity across Vancouver Island declined 18 per cent last month compared to last year

Multiple Listing Service sales summary data released by the Vancouver Island Real Estate Board (VIREB) shows housing sales activity across Vancouver Island declined 18 per cent last month compared to last year, while average sale prices dipped five per cent. Across VIREB’s coverage area in September sales prices dropped in every area when compared to September 2011, with the exception of the Port Alberni /West Coast region which recorded a 79% increase in sales activity when compared to the same month last year.

Comparing September 2012 to September 2011, the average sale prices across VIREB zones saw: Campbell River decline 10% to $262,083, the Comox Valley increased 7% to $366,019, Nanaimo remained virtually unchanged at $360,913.